THE HON’BLE SRI JUSTICE ABHINAND KUMAR SHAVILI AN D THE HON’BLE SRI JUSTICE VAKITI RAMAKRISHNA REDDY WRIT PETITION No.25906 OF 2025

ORDER

(per the Hon’ble Sri Justice Abhinand Kumar Shavili)

This writ petition is filed aggrieved by the non-consideration of securitization application preferred by the petitioners before the Debts Recovery Tribunal on the ground that there is no Presiding Officer.

2. Heard Sri Krishna Grandhi learned Senior Counsel representing Ms. Tanya Kanwar & Ekta Bahl, learned counsel for the petitioners; learned Deputy Solicitor General of India, appearing for respondent Nos.1 and 2 and Sri Santhosh Reddy, learned counsel for respondent No.3.

3. Learned counsel for the petitioners had contended that the petitioners have availed loan facility from the then Andhra Bank, and owning to financial crisis, they could not clear the said loan and therefore, the petitioners accounts were declared as Non-Performing Assets. Subsequently, the Andhra Bank has been merged with the Union Bank of India and the Union Bank of India has initiated proceedings under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, ‘the Act,