John David v. State Bank of India
Case brief
What is this about?
The Debts Recovery Appellate Tribunal dismissed the appeal as withdrawn by the appellant after the respondent bank filed a memo stating the loan was settled under the OTS Scheme, rendering the SARFAESI action withdrawn.
What did the court decide?
Appeal dismissed as withdrawn.
What the court decided
A compact analysis
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A:4/2022
Sri John David & 2 Ors ... Appellants Vs State Bank Of India & Anr ... Respondents
31/05/2022
Ld. Counsel Ms. Deepa Harigovind for appellants and representing counsel Shri M Devaraj for Ld. Counsel Shri K. Mohandas for R1 are present.
Advocate for first respondent bank filed a Memo stating that borrower settled the loan account under OTS Scheme and consequently the action initiated under SARFAESI Act is withdrawn thereby the appeal has become infructous.
Advocate for appellants sought to withdraw the appeal in view of the memo of R1 bank and made an endorsement to that effect on the appeal papers.
Considering the same, appeal is dismissed as withdrawn. No costs.
Sd./Chairperson
Parties & counsel
- appellant
Sri John David & 2 Ors
- respondent
State Bank Of India & Anr
Coram
Sd./Chairperson
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Drat Chennai
- Order 2 — this page · S Ravi Kumar
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