WP/34922/2023 of Mr. Venu Akula Vs India Bulls Housing Finance Limited on 29 December 2023

1. lndia Bulls Housing Finance Limited, [3rd Floor, ][Park ][City ][Pl,aza, ][Above Jade]Blue Showroom, Rbad No.1, [Banjara Hills, Hyderabad-500034.]Blue Showroom, Rbad No.1, [Banjara Hills, Hyderabad-500034.]

2. Authorised Officbr, lndia Bulls Holsing [Finance Limited, 3rd ][Floor, Park ][City]Plaza, Above Jade Blue Showroom, [Road ][No.'1, ][Banjara Hills, Hyderabad-]500034.Plaza, Above Jade Blue Showroom, [Road ][No.'1, ][Banjara Hills, Hyderabad-]500034.

3. Reserve Bank of lndia, Represented [by ][its ][Governer ][Main ][Building, P.O.Box]901 , Shahid Bhagat Singh [Road, Mumbai-400 ][001 ][[.]]901 , Shahid Bhagat Singh [Road, Mumbai-400 ][001 ][[.]]

[[.]]4. Natibnal HousingfBank, Represented [by ][its ][Managing ][Dir99!o-r' ][Core 5A,lndia]Habitat Centre, 3rd-Sth floor, [Lodhi Road, New ][Delhi ][- ][110003]Habitat Centre, 3rd-Sth floor, [Lodhi Road, New ][Delhi ][- ][110003]

5. Debt Recovery Tribunal-2, [Hyderabad, Represented ][by its Registrar- ]

oNDENT.

Petition under Article 226 of [the ][Constitution ][of ][lndia ][praying ][that ][in ][the]circumstances stated in the [affidavit ][filed ][therewith' ][the ][High ][Court ][may ][be]pleased to issue an appropriale writ, order [or direction ][more particularly ][one ][in the]nature of Writ of Certiorari

a) seeking [quash ]of order [dated. ][3111012023 ][in ][SA.No'74 ][of 2023 ][passed]

by Debt Recovery Tribunal [-ll, ][Hyderabad ][for ][failing ][to exercise ][jurisdiction ][vested]with it and thereby causing [grave ][injustice ][to ][the ][Petitioner ][herein ][and]consequenfly rcmand [back ]the [matter ][to ][the ][Debt ][Recovery ][Tribunal ][-ll,]Hyderabad, to re-hear sA.No.74 [of ][2023 afreshby considering ][the ][issues raised ][by]Petitioner herein.

b) Direct the respondents to not to [take any coercive steps ][including acting]in furtherance of vacate [notice ][dated. ][1111212023 ][issued ][by ][the ][Advocate]commissionerMrs K. [Bhavani ][(Tsl1444412020), ][Malkaigiri ][Bar ][Association,]

pending re-hearing of SA.No.74 of 2023 afresh by Debt Recovery Tribunal _ll,Hyderabad.Hyderabad.

lA NO: 1 OF 2023

Petition under section 151 cPC praying that in the circumstances stated inthe affidavit filed in support of the petition, the High court may be pleased to directthe respondents to not take any coercive steps including acting in furtherance ofvacate. notice dated: 1111212023 issued by the Advocate commissioner Mrs K.Bhavani (TS.11444412020), Malkajgiri Bar Association, and consequently suspendthe order dated:3111O12023 in SA.No.74 ot 2023 passed by DRT -ll, Hyderabad,pending disposal of the Writ Petition Counsel for the Petitioner: SRI AVTNASH OESAI, SENIOR COUNSEL FORSRI ABH]NAV KRISHNA UPPALURI

Counsel for Respondents: -----

The Court made the following: OROER

i

\

THE HON'BLE THE CHIEF JUSTICE ALOK [ARADHE]ANDTHE HON'BLE SHRI [JUSTICE ][ANIL ][KT'MAR ][JI'KANTI]

WRIT PETITION No.34922 ot2O23

ORDER: Per the Hon'ble the Chiel1a311a [{lsla Aradhe)]

Mr. Avinash Desai, learned [Senior ][Counsel]representing Mr. Abhinav [Krishna ][Uppaluri, ][learned]counsel for the [petitioner.]

2. In this writ petition, the [petitioner ][has ][assailed ][the]validity of the order dated [31.10.2023 ][passed ][by ][the ][Debts]Recovery Tribunal - II at [Hyderabad ][on an ][application]under Section 17 of the [Securitization ][and ][Reconstruction]of Financial Assets and [Enforcement ][of ][Security ][Interest]Act,2OO2.

3. Learned Senior Counsel for for [[the ][petitioner ]][[petitioner ]][[submits]]that certain arguments raised [on ][behalf ][of ][the ][petitioner]were not considered by the [Debts ][Recovery ][Tribunal.]

Learned Senior Counsel for for [[the ][petitioner ]][[petitioner ]][[submits]]

4. In view of the aforesaid [submission and ][in ][view of ][the]law laid down by the [Supreme ][Court ][in ][State ][of]

tI

Maharashtra v. Ramdas theShrinivas Nayakr, appropriate remedy for the petitioner is to seek review ofthe order. Needless to state that the petitioner shall beentitled to exclusion of the time in respect of the periodShrinivas Nayakr, appropriate remedy for the petitioner is to seek review ofthe order. Needless to state that the petitioner shall beentitled to exclusion of the time in respect of the periodspent in prosecuting this writ petition on the principlesanalogous to Section 14 of the Limitation Act, 1963.

5. The writ petition is, therefore, disposed of with theliberfy to the petitioner to take recourse to the remedy ofreview. The petitioner shall also be at liberty to file anapplication seeking interim relief before the Debts RecoveryTribunal.

Miscellaneous applications pending, if any, shallstand closed. However, there shall be no order as to costs.stand closed. However, there shall be no order as to costs.

SD/-B, SARASWATHIASSTSTANT R(SGTSTRARrt'SECTION OFFICER

//TRUE COPY//

To,MBCGJPlfl(cr.

1. The Registrar, Debt Recovery Tribunal-2, Hyderabad.2. One CC to Sri Abhinav Krishna Uppaluri Advocate IOPUC]3. Two CD Copies HIGH COURT

DATED: 2911212023

1[gE STAf]c(Jzo2 3 [iAN ][202[]a.ar+**e [pAT ]cY\[cS]ORDER

WP.No.34922 ot 2023

DISPOSING OF THE WRIT PETITION

WITHOUT COSTS