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IN THE HIGH COURT OF JUDICATURE AT MADRAS
G.R.Swaminathan, V.Lakshminarayanan, JJ
Slar Machines And Methods – Appellant
Versus
State Bank Of India – Respondent
| Table of Content |
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| 1. petitioner seeks expedition of pending securitization application before drt. (Para 1 , 2) |
| 2. court grants timeline for tribunal disposal of pending application. (Para 3 , 4 , 5) |
For Petitioner : Mr.Ali Hassan Khan ORDER (Order of the Court was made by G.R.SWAMINATHAN, J.)
Heard the learned counsel for the petitioner.
2. Even though the writ petitioner has challenged the order passed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, (for short, ‘the Act’), learned counsel submits that the petitioner would be satisfied if this Court directs the Debts Recovery Tribunal-III, Chennai, to dispose of S.A.No.209 of 2022, filed by the petitioner against the action taken under Section 13(4) of the Act.
3. In view of the said submission, we dispose of this writ petition by directing Debts Recovery Tribunal No.III to dispose of S.A.No.209 of 2022, on merits and in accordance with law on or before 31.08.2026.
4. It is open to the petitioner to file an advance hearing petition before the Debts Recovery Tribunal. If the petitioner has filed any amendment petition, the same may be numbered and disposed of in
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