The Appellate Tribunal disposed of an appeal filed against an interim order in a SARFAESI Act matter. It directed the lower court to decide the main appeal expeditiously and granted a one-month stay on recovery measures.
Stay of further recovery measures for one month; direction to DRT to dispose of main appeal expeditiously.
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 DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 11th of September, 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan CHAIRPERSON
MA(SA) 52/2025 (IA 2602/2025 in SA. No.526/2025 before DRT, Coimbatore)
BETWEEN
R.Selvam, S/o Ranganathan No. 2/211, Velagoundanpudhur Omalur, Salem 636 455.
…Appellant
And
Shriram Finance Limited, (Formerly known as " Shriram City Union Finance Ltd.,) An non Banking Finance Company Having its registered Office at Sri Towers, No. 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032.
Branch office at No. 5, Ramachandrapuram, Tennur, Trichy, represented by its Authorized Officer, D. Shanmugavadivelu
….Respondent
| Counsel for Appellant | : Mr. S. Sukumar |
|---|---|
| Counsel for Respondent | : M/s. M. Rakhi |
1
ORDER
2
measures by the Respondent Institution for a period of one month from today. Then, it is for Learned Presiding Officer to
decide whether to extend the stay or not, on the basis of the exigency and need.
[Dictated to Athistamani, PS, in open court, transcribed by her, corrected and signed by me this 11th of September, 2025]
[ Justice G. Chandrasekharan] CHAIRPERSON
3
2 issues framed by the court
Whether an appeal against an interim order under the SARFAESI Act can be disposed of by directing the lower court to expedite the main appeal.
Whether to grant an interim stay on further recovery measures pending the disposal of the impugned order.
1 provisions across 1 enactments
R.Selvam
Shriram Finance Limited
G. Chandrasekharan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
