WP/12709/2026 of M/S RBL BANK LIMITED Vs THE DEBT RECOVERY TRIBUNAL on 3 May 2026

1. M/S RBL BANK LIMITED, REP. BY THE AUTHORIZED OFFICER, RBL BANK LTD. BRANCH OFFICE SITUATED AT DWARAKANAGAR, VISAKHAPATNAM, BRANCH OFFICE AT D.NO. 47-10-1/4, BHUVANESHWARI PLAZA, MAIN ROAD, DIAMOND PARK, DWARAKANAGAR, VISAKHAPATNAM, ANDHRA PRADESH- 530

016. ...PETITIONER AND

1. THE DEBT RECOVERY TRIBUNAL, VISHAKAPATNAM 4, 31 - 32 - 54, CHITRALAYA RD, NEAR LEELAMAHAL ROAD, DABA GARDENS, JAGADAMBA JUNCTION, VISAKHAPATNAM, ANDHRA PRADESH 530004

2. M/S MAHADEV SALES AGENCIES, REP. BY ITS PROPRIETOR, MR. DINESH KUMAR MALI S/O OTA RAMJI, AGED 53 YEARS, R/O. D. NO. 30-11-19/20, 5TH FLOOR, FLAT NO, 502, SHREE SUBHADRA CASTLE, LAKSHMI STREET, DABAGARDENS, VISAKHAPATNAM - 530 020.

3. MR VIKRAM KUMAR BHAT, S/O. BHANWER LAIJI BHAT, AGED 51 YEARS, R/O. D. NO. 28-11-11, FLAT NO. 202, PREAM PLAZA, SURYABAGH, VISAKHAPATNAM- 530 020

...RESPONDENT(S):

Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue an appropriate Writ/s, order/s, direction/s more particularly in the nature of Writ of Mandamus declaring the order dated 10-04-2026 whereby an ad-interim stay passed in I.A.No.928 of 2026 in S.A.No.146 of 2026 was extended by the Respondent No.1 i.e., Honble Debt Recovery Tribunal-Visakhapatnam as arbitrary, untenable, without reasoning, violative of Article 14 of the Constitution of India and being contrary to the timeline contemplated under Section 17(5) of the SARFAESI Act, 2002 and consequently direct the Respondent No.1 to expeditiously dispose of I.A.No. 928 of 2026 in S.A. No. 146 of 2026 pending on the file of Debt Recovery Tribunal- Visakhapatnam and be pleased to pass…. Counsel for the Petitioner:

1. VIVEK JAIN Counsel for the Respondent(S):

1. The Court made the following:

THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HONOURABLE SRI JUSTICE A. HARI HARANADHA SARMA

WRIT PETITION No.12709 of 2026 ORDER: (Per Hon’ble Sri Justice A. Hari Haranadha Sarma)

The writ petitioner is the Creditor-Bank. The 2nd respondent availed loan in the said Bank. When securitization proceedings were initiated, 2nd respondent moved S.A.No.146 of 2026 and I.A.No.928 of 2026 for interim stay before the 1st respondent. Pendency of the same and non-disposal by the 1st respondent is the grievance of the writ petitioner and the writ petitioner prays for direction to the 1st respondent to dispose of the I.A.No.928 of 2026, in a time bound manner.

2. Upon considering the assertions made in the petition and that the writ petitioner has filed counter-affidavit in the stay application and in view of the loan amounts involved, we deem it proper and justified to direct the 1st respondent to dispose of the stay application ie., I.A.No.928 of 2026 in SA No.146 of 2026, as early as possible, preferably, within a period of four (04) weeks from today, if it could not be disposed of on 05.05.2026, to which the matter is posted.

3. With the above direction, the Writ Petition is disposed of. There shall be no order as to costs.

As a sequel, Interlocutory Applications pending, if any, shall stand closed. __________________________ JUSTICE BATTU DEVANAND

__________________________________ JUSTICE A.HARI HARANADHA SARMA

Dated: 04.05.2026 CVD