INDIAN OVERSEAS BANK v. DEBT RECOVERY TRIBUNAL DEHRADUN
WPMS/2121/2025 · 2025-07-17
Manoj Kumar Tiwari
body2025
DailyLaw.ai
[ 2025 DAILYLAW 9029 (UTT) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 9029 (UTT) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
2025:UHC:6223 SL. No. Date Office Notes, reports, orders or proceedings or directions and Registrar’s order with Signatures COURT’S OR JUDGE’S ORDERS
WPMS/2121/2025 Hon’ble Manoj Kumar Tiwari, J. Mr. Siddharth Jain, Advocate for the petitioner. Mr. Aviral Phartiyal, Advocate for respondent no. 2.
2. This petition has been filed by Indian Overseas Bank, seeking a direction to the Debts Recovery Tribunal, Dehradun to decide Securitization Application No. 264 of 2024 expeditiously, within the shortest time.
3. Learned counsel for the petitioner drew attention of this Court to the provisions contained under Section 17(5) and Section 17(6) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,
2002. Section 17(5) of the Act castes a duty upon the Debts Recovery Tribunal to decide Securitization Application filed under sub-Section (1) within sixty days which may be extended upto four months.
4. Since the statute itself contains that provision, therefore this Court does not deem it proper to issue any direction.
5. Thus writ petition is dismissed with liberty to petitioner, to show the relevant provision to Debts Recovery Tribunal.
(Manoj Kumar Tiwari, J.) 17.07.2025 Mahinder/ MAHINDER SINGH Digitally signed by MAHINDER SINGH DN: c=IN, o=HIGH COURT OF UTTARAKHAND, ou=HIGH COURT OF UTTARAKHAND, 2.5.4.20=da6212e6e78d94ed3134842bc6a8d6ca168979ca7b8c2f031a92d1a18b08923c, postalCode=263001, st=UTTARAKHAND, serialNumber=AB77B7C5B240908B392BE84F5CDD4C2AF35DC4626D305B1BC9EA4BABA43 D2B8F, cn=MAHINDER SINGH Date: 2025.07.18 14:20:13 +05'30'
2025:UHC:6223