L.S.P. Agro Limited v. Department of Financial Services

ORDER (Order of the Court was made by the Hon'ble Chief Justice) Learned counsel for petitioners seeks liberty to withdraw the writ petition with liberty to avail appropriate remedy in accordance with law.

¶2With the aforesaid liberty, this writ petition is dismissed as withdrawn. There shall be no order as to costs. W.M.P.No.29532 of 2026 seeking to permit petitioners to join together and file single writ petition is ordered as separate court fee has already been paid. Consequently, W.M.P.No.29534 of 2026 is also dismissed. (SUSHRUT ARVIND DHARMADHIKARI,CJ) (G.ARUL MURUGAN,J)

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¶1Department of Financial Services Represented by its Secretary, 6A, 3rd Floor, Jeevan Deep Building, Sansad Marg, New Delhi 110 001.

¶2The Registrar, Honble Debt Recovery Appellate Tribunal at Chennai

¶3The Registrar, Honble Debt Recovery Tribunal - I at Chennai

¶4The Registrar, Honble Debt Recovery Tribunal - II at Chennai

¶5The Authorised Officer Asset Reconstruction Company (India) Ltd The Ruby, 10th Floor, 29, Senapati Bapat Marg, Dadar (West) Mumbai 400 028.

¶6Kotak Mahindra Bank Ltd I Floor, Ceebros Centre No.39, Montieth Road, Egmore, Chennai 600 008. THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN,J.

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13.07.2026

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 13.07.2026 CORAM : THE HONOURABLE MR. SUSHRUT ARVIND DHARMADHIKARI, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN & W.M.P.Nos.29532 & 29534 of 2026 1. L.S.P. Agro Limited Represented by its Managing Director, B.S. Krishnan Having its Registered Office at 22 Ponneri High Road, Elanthancherry, Andarkuppam Check Post, Manali New Town, Tamil Nadu, Chennai 600103. 2. B.S Krishnan S/o. (late) K. Somasundaram Chettiar, No.280-B, Raman Road, AVK Nagar, Salem 636004. .. Petitioners Vs. 1. Department of Financial Services Represented by its Secretary, 6A, 3rd Floor, Jeevan Deep Building, Sansad Marg, New Delhi 110 001. 2. The Registrar, Honble Debt Recovery Appellate Tribunal at Chennai 3. The Registrar, Honble Debt Recovery Tribunal - I at Chennai 4. The Registrar, Honble Debt Recovery Tribunal - II at Chennai 5. The Authorised Officer Asset Reconstruction Company (India) Ltd The Ruby, 10th Floor, 29, Senapati Bapat Marg, Dadar (West) Mumbai 400 028. 6. Kotak Mahindra Bank Ltd I Floor, Ceebros Centre No.39, Montieth Road, Egmore, Chennai 600 008. 7. Omkara Assets Reconstruction Private Limited Represented by its Authorised Officer Having Registered Office at No. 9, M.P. Nagar, First Street, Kongu Nagar Extn., Tirupur 641607. .. Respondents Prayer : Petition filed under Article 226 of the Constitution of India seeking a writ of Mandamus directing the Respondent Nos.1 to 4 to forthwith process, assign and/or transfer the Securitisation Application bearing Diary No.NDN/56/2026 (SA) to the file of the competent Honble Debts Recovery Tribunal to entertain and adjudicate the same in accordance with law, as expeditiously as possible and preferably within a week or within such time as may be fixed by this Honble Court. For Petitioners : Mr.R.Venkat Raman For Respondents : Mrs.V.Sudha SCGC for R1 to R4