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2025 DAILYLAW 10554 (UTT)

M/S LARDRUMS ELECTRICALS PVT. LTD. v. DEBTS RECOVERY TRIBUNAL DEHRADUN

WPMS/2526/2025 · 2025-08-26

Manoj Kumar Tiwari

body2025

Judgment text

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2025:UHC:7565 SL. No. Date Office Notes, reports, orders or proceedings or directions and Registrar’s order with Signatures COURT’S OR JUDGE’S ORDERS WPMS/2526/2025 Hon’ble Manoj Kumar Tiwari, J. Mr. Rajat Mittal, Advocate for the petitioners. 2. Mr. Ashish Joshi, Advocate respondent no. 2. 3. Petitioners are aggrieved by order dated 30.07.2025, passed by Debts Recovery Tribunal, Dehradun in S.A. No. 162 of 2023, whereby the interim order, earlier passed in favour of the petitioners was vacated, by holding that petitioners are trying to linger on the proceedings. 4. Learned counsel for the petitioners submits that the inference drawn by learned Debts Recovery Tribunal is not correct, as the hearing was done on different dates, but could not be concluded and petitioners cannot be blamed for non-conclusion of hearing. 5. Mr. Ashish Joshi, learned counsel appearing for the State Bank of India, however, submits that petitioners’ counsel remained absent on certain dates, therefore, learned Debts Recovery Tribunal was justified in drawing an inference that petitioners are not interested in getting the case decided, as they were enjoying a interim order of status quo in their favour. 6. Learned counsel for the petitioners submits that the writ petition may be disposed of by directing learned Tribunal to hear the matter finally on any date. 2025:UHC:7565 7. Mr. Ashish Joshi, learned counsel appearing for the bank also submits that he has no objection if learned Tribunal is directed to hear and decide the Securitization Application at some early date. 8. In such view of the matter, the writ petition is disposed of with a request to learned Debts Recovery Tribunal, Dehradun to give a date of hearing to the petitioners in S.A. No. 162 of 2023 on or before 02.09.2025, on which date the matter may be heard and decided finally. 9. Learned counsel for the petitioners gives an undertaking on behalf of his clients that his clients will make all necessary arrangements to ensure that the case is not adjourned on the said date. 10. Prayer for adjournment made by any of the parties may be turned down by learned Tribunal on the date to be fixed, pursuant to order of this Court. 11. Learned counsel appearing for the bank, based on written instructions, submits that bank will not take an precipitative action against the petitioners till 02.09.2025. (Manoj Kumar Tiwari, .J.) 26.08.2025 Navin NAVEEN CHANDRA Digitally signed by NAVEEN CHANDRA DN: c=IN, o=HIGH COURT OF UTTARAKHAND, ou=HIGH COURT OF UTTARAKHAND, 2.5.4.20=3be23325146e76a0642bdf4943fb9046f487 df006da82a131bb4e4403d3c0a15, postalCode=263001, st=UTTARAKHAND, serialNumber=18167EEFB5CA8CFFD421A103819DA 875643AF56D653D095C6ED9A86DAAB21CE5, cn=NAVEEN CHANDRA Date: 2025.08.26 17:53:23 +05'30'