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2025 DAILYLAW 28448 (AP)

Mr. Ponamala Venkata Rama Raju, v. THE DEBTS RECOVERY TRIBUNAL

WP/20882/2025 · 2025-08-06

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

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APHC010405282025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) n 'a? THURSDAY, THE SEVENTH DAY OF AUGUST ^ TWO THOUSAND AND TWENTY FIVE PRESENT HONBLE SRI JUSTICE DHIRAJ SINGH THAKUR THE CHIEF JUSTICE AND THE HONOURABLE SRI JUSTICE R RAGHUNANDAN WRIT PETITION NO: 20882 OF RAO Between: 1. Mr Ponamala Venkata Rama Raju„ S/o Krishna Rao, Aged about 55 years, Occ Business, D.No. 61-13-18 Nagar, Krishna Lanka, Vijayawada A.P 2. Smt^ Ponamala Vasumathi,. W/o Venkata Rama Raju Aged about 51 years Occ Housewife, D.No. 61-13-18, Krishnaveni Road, Ramalingeswara Nagar,’ , Krishna Lanka, Vijayawada A.P - 520013 A.P , Krishnaveni Road, Ramalingeswa - 520013 A.P ra ...Petitioners AND 1. The Debts Recovery Tribunal Road, Near Leelamahal Visakhapatnam- 530020, Visakhapatnam District. t 2. The Reserve Bank of India, Consumer Education and Protection P.M. Road, Mumbai. Rep. by its Registrar, 31-32-54, Chitralaya Road, Daba Gardens Jagadamba Junction, Represented by its Chief General Manager Department, 1^' Floor, Amar Building , Sir 3. The I K F Finance Limited, Rep by its Authorized _ U65992AP1991PLC012736) Registered Office Officer, (CIN at 40-1-144, Corporate center M.G. Road, Vijayawada, alluri.muralikrishna@ikffinapp.com) N.T.R District, A.P. (e-mail. 4. The Deputy Transport Commissioner, indira Gandhi Municipai Stadium M.G. Road, Vijayawada Ciy-520010, NTR District 5. Sir Vemulamada Sathish Babu, S/o. Subba Rao, Aged about not known to the Petitioners, R/o. D.No. 5-536-FF-2, Sri Sai Jayanth Residency, Bhagya Nagar Colony, Beside Saint Therissa School Kanuru, Vijayawada-520007, NTR District. ...Respondents Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith pleased to issue writ, order the High Court may be or orders specially one in the nature of writ of Mandamus under Article 226 of Constitution of India or any Appropriate Writ by declaring the inaction of the Respondent in not deciding the IA No 4150 of 2024 and I.A.No. 4148 of 2024 in S.A.No. 689 of 2024 and the action of the 3''^ Respondent/Financial Institution in making attempts to sell petitioners vehicles to the 4"" way respondent and change physical futures of the Vehicles is illegal, contrary to Principles of Natural direct the Respondent No. 3 and 4 Justice, consequently to not to change Certificate of Registration and not to change physical futures of the Seized Vehicles during the pendency of the S.A.No.689 of 2025 before the Hon'ble DRT, Visakhapatnam. lA NO: 1 OF Petition under Section 151 CPC in the affidavit filed in support of the petition, the High Court may be pleased may be pleased to direct the respondent No. of Registration and not to dismadle/change Vehicles during the pendency of the praying that in the circumstances stated 3 and 4 not to change Certificate physical futures of the Seized S.A.No. 689 of 2025 before the Hon'ble DRT, Visakhapatnam. "Ik- Counsel for the Petitioners: SRI KALE VIJAYA RAJU Counsel for the Respondents: SRI AMABADIPUDI SATYANARAYANA SR. COUNSEL APPEARING FOR SRI V.V.L.N.PURNESH The Court made the following order: € APHC010405282025 IN THE HIGH COURT OF ANDHRA PRADESH Sr.No:-i7^ AT AMARAVATI 0Jii0 [3446] ni 0l^ WRIT PETITION NO: 20882 of 2025 Mr. Ponamala Venkata Rama Raju and others ...Petitioners Vs. The Debts Recovery Tribunal and others ...Respondents ********** Advocate for Petitioner; Advocate(s) for Respondent(s): Mr. Kale Vijaya Raju Mr. Ambadipudi Satyanarayana, Sr. Counsel appearing for Mr. V.V.L.N.Purnesh for R.3. CORAM :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R RAGHUNANDAN RAO : August, 2025 DATE PC : Learned counsel for the petitioners states that he shall be appropriate direction is given to the Debts Recovery Tribunal, Visakhapatnam to dispose of I.A.Nos.4148 & 4150 of 2024 in SA.No.689 of 2024. satisfied if an Be that as it may, we dispose of this Writ Petition with Debts Recovery Tribunal, Visakhapatnam a direction to the to consider the I.A.Nos.4148 & 2 HCJ & RRR, J WP_20882_2025 4150 of 2024 and S.A.No.689 of 2024 preferably within a period of three weeks. No order as to costs. Miscellaneous applications pending, if any, shall stand closed. Sd/- M. SRINIVAS ASSISTANT REGISTRAR //TRUE COPY// SECfSrO^ICER To, 1 ■ The Registrar, Debts Recovery Tribunal Near Leelamahal Road, . 31-32-54, Chitralaya Road, Jagadamba Junction, Daba Gardens, , Visakhapatnam- 530020, Visakhapatnam District, 2. The Chief General Manager, Reserve Bank c India, Consumer Education and Protection Department, 1- Floor, Amar Building, Sir P.M Road, Mumbai. 3. The I K F Finance Limited . by Its Authorized Officer U65992AP1991PLC012736) Registered Center, M.G. Road, (CIN Office at 40-1-144, Corporate Vijayawada, N.T.R District A.P. (e-mail. ID alluri.muralikrishna@ikffinapp.com) 4. The Deputy Transport Commissioner M.G. Road, Vijayawada Ciy-520010, 5. One CC to Sri Kale Vijaya Raju, Advocate 6. OneCCtoSri V.V.L.N.Purnesh, 7. Two CD Copies Indira Gandhi Municipal Stadium NTR District [OPUC] Advocate fOPUC] RAM HIGH COURT DATED;07/08/2025 ^ t|AUG2tW ™ Current Section . ^ ORDER WP NO. 20882 OF 2025 e? X disposing of the WP WITHOUT COSTS