2026 Supreme(Online)(Ker) 29149

IN THE HIGH COURT OF KERALA AT ERNAKULAM
P. V. BALAKRISHNAN, J
THE TRICHUR URBAN CO-OPERATIVE BANK LIMITED – Appellant
Versus
KRISHNAKUMAR K R – Respondent
OP (DRT) NO. 150 OF 2026

Withdrawal of petition allowed without prejudice to statutory rights.

Headnote:1. Statute Analysis: In accordance with procedural rules governing the filing and withdrawal of Original Petitions before the Debt Recovery Tribunal, the court permitted the petitioner to exercise its statutory withdrawal rights. Facts of the Case: The Trichur Urban Co-operative Bank Limited filed an Original Petition before the High Court seeking intervention, represented by its Authorised Officer. The respondents are named private individuals.

Findings of Court:
The court, upon request of petitioner's counsel, granted permission for withdrawal. 2.

Issues: Whether the Original Petition can be withdrawn without prejudice to the petitioner's right to pursue statutory remedies.

Ratio Decidendi: Procedural fairness allows parties to withdraw petitions while preserving their statutory rights to other remedies. 3.

Result: The original petition is dismissed as withdrawn, with liberty to the petitioner to avail the statutory remedy.