The Appellate Tribunal allowed the appeal against the Securitisaton Application, resulting in the dismissal of the application. Costs were to be borne by both parties.
The Securitisation Application (SA No. 402/2011) is dismissed.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):80/2018
A.O., Indian Bank V/S Mrs.Padmakshy & Ors
14/06/2023
Heard both sides.
Appeal RA (SA) 80/2018 is allowed (vide separate order). Consequently, Securitisation Application TSA No.217/2016 (SA No. 402/2011) is dismissed. Both parties shall bear their own costs. All pending IAs, if any, stand closed.
Sd/Chairperson
Indian Bank
Mrs. Padmakshy & Ors
As recorded by the court registry
13 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
