P. Gurunathan v. Union Bank of India
Case brief
What is this about?
Appeal filed under Section 17(6) of SARFAESI Act was permitted to be withdrawn. Liberty to file fresh appeal was denied. Accordingly, the appeal was dismissed as withdrawn.
What did the court decide?
Permitted withdrawal of appeal; scope for fresh appeal denied.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 19th Day of March, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan
CHAIRPERSON
AIR 4/2025
(Arising out of IA 617/2024 in IA 1555/2017 in OA 347/2016 on the file of DRT,
Coimbatore)
Between
- Mr. P. Gurunathan, S/o. Palani, No. 23/16, Pudur Mariamman Koil Street, Dharmapuri - 636 701
- Mrs. Savithirei Shanmuganathan, W/o. Shanmuganathan, No. 273, Palakkad Main Road, Kuniyamuthur, Coimbatore - 641008 ..…Appellants
And
- Small Industries Development Bank Of India (SIDBI),
Issues for consideration
1 issue framed by the court
Whether to permit withdrawal of appeal with liberty to file fresh appeal under Section 17(6) of SARFAESI Act.
Parties & counsel
- appellant
Mr. P. Gurunathan
- appellant
Mrs. Savithirei Shanmuganathan
- respondent
Small Industries Development Bank Of India
- respondent
Corporation Bank
- respondent
M/s. Rajavee Textiles Private Limited
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · March
- CNR
- 331090000042025
- Topic
- Banking and Recovery
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