R.S.Nagaraj v. The Debt Recovery Tribunal -Iii

ORDER (Order of the Court was made by The Chief Justice) This writ petition has been filed under Article 226 of the Constitution of India seeking a writ of mandamus directing the Hon'ble Debt Recovery Tribunal -III Chennai to pass order in delay application I.A. No.1108 of 2026 in S.A.No.353 of 2026 immediately.

¶2Learned counsel for the petitioners submitted that the petitioners have filed Securitisation Application against the measures undertaken by the second respondent bank under Section 14 of SARFAESI Act and against the order dated 17.03.2026 with a delay of 2 days. He submits that the DRT heard the Application for condonation of delay on 09.06.2026, however, orders on the application for condonation of delay had not been passed. He further submits that, in the meanwhile, the respondent bank is trying to take possession and had Page3 of 5 threatened to take possession today with the help of police. He, therefore, submitted that the very object of filing the Securitisation Application would become meaningless and sought for indulgence of this court.

¶3Considering the fact that though the application for condoning the delay was heard on 09.06.2026, orders are yet to be passed on the same, we direct the respondent bank to maintain the status quo and not to take any coercive action against the petitioners till the application for condonation of delay is decided. We make it clear that we have not entered into the merits of the case.

¶4With the above observation, this writ petition is disposed of. No costs. W.M.P.No.26945 of 2026 is ordered subject to payment of separate court fee, if not already paid. W.M.P.No.26948 of 2026 is closed. (SUSHRUT ARVIND DHARMADHIKARI, C.J.) (G.ARUL MURUGAN J.) 25-06-2026 Index: Yes/No Speaking/Non-speaking order ssk Note to office:- Registry to upload the Order copy today itself and issue certified copy of the order forthwith. Page4 of 5 To

¶1The Debt Recovery Tribunal -III Chennai.

¶2DCB Bank Limited A Company incorporated under the Provisions of Company Act. 1956 and having its Registered Office at 6th Floor, Tower A Peninsula Business park, Senapati Bapat Marg, Lower Parel, Mumbai-400 013 Branch Office at.NO.6, Rajaji Road, Opposite Tennis Stadium, Nungambakkam, Chennai-034. Represented by its Authorized Officer Murugan. WPoNo.o24718oofo2026 SUSHRUToARVINDoDHARMADHIKARI,oC.J. AND G.ARULoMURUGAN,oJ. ssk WPoNo.o24718oofo2026 25-06-2026 Page5oofo5

Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 25-06-2026 CORAM THE HON'BLE MR.SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE G.ARUL MURUGAN and WMP Nos.26945 and 26948 of 2026 1. R.S.Nagaraj S/o.Sadacharam, No.40/1, 54/1, Muthaya Mudali Street, Old Washermenpet, Chennai- 600 021. 2. Dhavamani M W/o.R.S.Nagaraj, No.40/1, 54/1, Muthaya Mudali Street, Old Washermenpet, Chennai- 600 021. 3. N.Ragavendira S/o.R.S.Nagaraj, No.40/1, 54/1, Muthaya Mudali Street, Old Washermenpet, Chennai- 600 021. 4. M/s.Sri Bhavani Amman Industries Rep by its Proprietor, R.S.Nagaraj, Having Office at. No.40/1, 54/1, Muthaya Mudali Street, Old Washermenpet, Chennai- 600 021. ..Petitioner(s) Vs 1. The Debt Recovery Tribunal – III Chennai. 2. DCB Bank Limited A Company incorporated under the Provisions of Company Act. 1956 and having its Registered Office at 6th Floor, Tower A Peninsula Business park, Senapati Bapat Marg, Lower Parel, Mumbai- 400 013 Page2 of 5 Branch Office at.NO.6, Rajaji Road, Opposite Tennis Stadium, Nungambakkam, Chennai- 034. Represented by its Authorized Officer Murugan. ..Respondents Writ Petition filed under Article 226 of the Constitution of India seeking a writ of mandamus directing the Hon'ble Debt Recovery Tribunal -III Chennai to pass order in delay application I.A. No.1108 of 2026 in S.A. No.353 of 2026 immediately. For Petitioner(s): K.Bhasker