Tenants With Separate Lease Agreements Can File Joint Application: Kerala HC

Moideen Koya Vs Pegasus Assets Reconstruction Co. Pvt. Ltd. (Kerala High Court) Kerala High Court has ruled that multiple tenants, even with separate lease agreements, can file a joint application before the Debts Recovery Tribunal (DRT) under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. This decision came in the case of Moideen Koya Vs Pegasus Assets Reconstruction Co. Pvt. Ltd., where the petitioners challenged an order from the Registrar of DRT-1, Ernakulam, which had declined to register their consolidate...