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2025 DAILYLAW 171011 (ALL)

ASHOK KUMAR v. DEBT RECOVERY TRIBUNAL LKO. THRU. REGISTRAR LKO. AND ANOTHER

A227/6522/2024 · 2025-01-15

Pankaj Bhatia

body2025

Judgment text

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Neutral Citation No. - 2025:AHC-LKO:2479 Court No. - 7 Case :- MATTERS UNDER ARTICLE 227 No. - 6522 of 2024 Petitioner :- Ashok Kumar Respondent :- Debt Recovery Tribunal Lko. Thru. Registrar Lko. And Another Counsel for Petitioner :- Ajit Singh,Deepak Singh,Rajdeep Gupta Hon'ble Pankaj Bhatia,J. 1. It is argued by learned counsel for the petitioner that despite the order dated 22.02.2024, the matter is yet to be decided. 2. The prayer in the writ petition are as follows: "1. To issue an order or direction commanding the DRT, Lucknow to decide pending interim relief application in regard to the possession of the secured asset within a stipulated period of time. 2. To issue an order or direction commanding the Respondent No.2 Financial Institution to de-lock the Property and restore the possession of the secured asset and be restrained from taking any coercive action in pursuance of the impugned Order dated 06.12.2021 as Passed by the ADM (Finance and Revenue), Ghaziabad, U.P.; as contained in Annexure No.1 to this Petition, during the pendency of Securitisation Application No.103 of 2024. 3. To issue an order or direction commanding the DRT, Lucknow to consider and decide the S.A. No. 103 of 2024 on merits within such stipulated period of time as may be prescribed by this Hon'ble Court." 3. Considering the fact that the orders have already been passed for deciding the issue, the present petition is disposed off directing the DRT concerned to decide the interim application positively within a period of four weeks. 4. The DRT shall also endeavour to decide the securitisation application expeditiously. Order Date :- 15.1.2025 nishant Digitally signed by :- NISHANT MOHAN High Court of Judicature at Allahabad, Lucknow Bench