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2025 DAILYLAW 11517 (AP)

Punjab National Bank, v. The Debt Recovery Tribunal

WP/6984/2025 · 2025-03-20

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

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IN THE HIGH COURT OF (Special ANDHRA PRADESH ■ Original Jurisdiction) FIVE present the HON’BLE the chief justice THE HON’BLE SRI JUSTICi^T WRIT petition Nn- SRI DHIRAJ SINGH THAKUR R RAGHUNANDAN RAO OF 2025 Between: aged ® Mohan St Floor, Kavurl Towers, Kanraiahthopu, Kano'u, Cwadr52o?07"' -petitioner AND T The Debt Recovery Tribunal, Narayana Bhavanam, Sai Baba '’® Registrar O/o 2. M/s. S Balai h ’ Wsakhapatnam. Rao, S/o Late rLfalak Nageswara Guntur. 1st Lane, Butchaiah Thota -RESPONDENTS Petition under Article 226 of the Constitution of India is filed in the affidavit filed therewith to issue an Order or Direction a Writ of Mandamus that in the ci praying circumstances stated i Court may be pleased the High more particularly one in the Nature of or any other appropriate writ, declaring the action of the learned Respondent No.1 i of 2021 290 Act, 2002 of Natural No. 1 to dispose the S.A as No. 290 of 2021 as expeditiously as possible as per the Provisions laid down under SARFAESI Act. Counsel for the Petitioner: SRI PRUDVI RAJU MUDUNURI Counsel for the Respondents: - The Court made the following: ORDER APHC010133142025 IN THE HIGH COURT OF ANDHRA PRADESH Bench Sr.No:-14 AT AMARAVATI [3446] 0” WRIT PETITION NO: 6984 of 2025 Punjab National Bank ...Petitioner Vs. The Debt Recovery Tribunal and another ...Respondents Advocate for Petitioner Mr. Prudvi Raju Mudunuri Advocate for Respondent CORAM :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R RAGHUNANDAN RAO DATE : 20th March 2025 PC : Learned counsel for the petitioner seeks an early disposal of the Securitization Application vide S.A.No.290 of 2021, which is pending before the Debts Recovery Tribunal, Visakhapatnam. It is stated that even when the Securitization Application is matured for final hearing, written arguments have already been submitted as early as in the year, 2023, the same has not been disposed of till date. / 2 HCJ & RRRJ W.P.No.6984of2025 2. We dispose of the present Writ Petition with a direction to the Debts Recovery Tribunal, Visakhapatnam, to pass appropriate final orders within a period of two (2) months. No costs. Consequently, connected miscellaneous applications, if any, shall stand closed. Sd/- K. TATA RAO DEPUTY REGISTRAR //TRUE COPY// SECTION OFFICER To 1. The Debt Recovery Tribunal, Represented by its Registrar O/o Narayana Bhavanam, Sai Baba Street, Daba Gardens, Visakhapatnam. 2. One CC to Sri Prudvi Raju Mudunuri Advocate [OPUC] 3. Three CD Copies TF > 4 high court DATED;20/03/2025 ORDER WP.No.6984 of 2025 2 1 MAR 2025 f ^ . Current beciion ^ DISPOSING OF THE W. P'j WITHOUT COSTS