WP/34934/2023 of Mr.Venu Akula Vs India Bulls Housing Finance Limited on 29 December 2023

HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD(Special Original Jurisdiction)

FRIDAY, THE TWENTY NINTH DAY OF DECEMBERTWO THOUSAND AND TWENTY THREE

PRESENT

THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE. ANDTHE HON'BLE SHRI JUSTICE ANIL KUMAR JUKANTI

WRIT PETITION No: 34934 OF 2023

Between:

Mr.Venu Akula, S/o Late Narayana Akula Aged about 44 years,Occ,Business, Ri/o Flat no.6 t 8, Sundaram Building, Rama Raja Nagar,Suchitra, Ranga Reddy District- 500067. ...pETt,oNER

AND

1. lndia Bulls Housing Finance Limited, 3rd Floor, Park City Plaza, Above JadeBlue Showroom, Road No.1, Banjara Hills, Hyderabad-500034.Blue Showroom, Road No.1, Banjara Hills, Hyderabad-500034.

2. Authorised Officer, lndia Bulls Housing Finance Limited,3rd Floor, Park CityPlaza, 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-4oo 001.901 , Shahid Bhagat Singh Road, Mumbai-4oo 001.

4. National Housing Bank, Represented by its Managing Director, Core 5A,lndiaHabitat Centre,3rd-sth floor, Lodhi Road, New Delhi [' ]['1 ]10003Habitat Centre,3rd-sth floor, Lodhi Road, New Delhi [' ]['1 ]10003

5- Debt Recovery Tribunal-2, Hyderabad, Represented by its Registrar oNoENTs Petition under Article 226 of lhe Constitution of [lndia ][praying ]that [in ][the]circumstances stated in the affidavit filed therewith, the [High Court may ][be]pleased to issue an appropriate writ, order or direction more [particularly ]one inthe nature of Writ of Certiorari

a) seeking quash of order dated. 31 .1O.2023 [in ]SA.No.75 [of 2023 ][passecl]

by Debt Recovery Tribunal -ll, Hyderabad for failing to [exercise ][jurisdiction]vested with it and thereby causing [grave ]iniustice [to the ][Petitioner ][herein ][and]consequently remand back the matter to [the ][Debt ][Recovery Tribunal ][-ll,]Hyderabad, to re-hear SA.No.75 of 2023 afresh [by considering ][the ][issues ][raised]by Petitioner herein.

b) Direct the respondents to not to take [any coercive steps ][pendrng ][re-]hearing of SA.No.75 of 2023 afresh by Debt Recovery [Tribunal ][-ll, ][Hyderabad]

lA NO: 1 OF 2023

Petition under Section 151 CPC praying that in the circumstances statedin the affidavit filed in support of the petition, the High Court may be pleased todirect the respondents to not take any coercive steps and consequenfly suspendthe order dated: 31 10.2023 in SA.No.75 of 2023 passed by DRT-ll, Hyderabad,pending disposal of the Writ Petition Counsel for the Petitioner: SRI AVTNASH DESA|, SENIOR COUNSEL FORSRI ABHINAV KRISHNA UPPALURI

Counsel for Respondents: ----

The Court made the following: ORDER

-l

THE HON'BLE THE CHIEF JUSTICE ALOKARN)HE

AND

THE HON'BLE SHRI JUSTICE ANIL [I('MAR ][JI'KANTI]

WRIT PETITION No.34934 of 2o23

ORDER: eet the Ho^'ble [the ][chief ][Justi<P ][Alok ][Atadhe)]

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

2. I n 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 ald [Enforcement ][of ][Security ][Interest]Act, 2002.

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

4. In vieu' of the aforesaid [submission and ][in vieu'of ][the]larv laid dou'n by the [Supreme ][Court ][in ][State ][of]

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 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 theliberty to the petitioner to take recourse to the remedy ofreview. The petitioner sha-ll also be at liberty to file anapplication seeking interim rclief before the Debts RecoveryTribunal.

Miscellaneous applications pending, if any, shall stand closed. How.ever, therc shall be no order as to costs.

SD/. P. PADMANABHA REDDYASSISTANT R GISTRAR//TRUE COPY//

SECTIONFFICER

To,

1.The Re^gistrar, Debt Recovery Tribunal-2. Hyderabad.2.One CC to Sri Abhinav Krishna Uppaturi nOvocate lOeUCl3.Two CD CopiesMBCGJP$3.Two CD CopiesMBCGJP$

Gi{

HIGH COURT

DATED: 2911212023

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