Single judge order disposing of a miscellaneous application filed under Section 17(6) of SARFAESI Act. The court directed the lower tribunal to dispose of the underlying appeal expeditiously without fixing a specific time frame due to high pendency.
Direction to the Presiding Officer of DRT-III, Chennai to dispose of SA No.504/2023 as expeditiously as possible.
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.
sIN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 14th day of February, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
Misc. Application No.5/2025
In
AIR (SA) 2005/2024
(a rising out of SA No.504/2023 on the file of DRT-III, Chennai)
Between
M. Logesh Babu, S/o Manohar, No.2, Bank of Baroda Colony, Madipakkam, Chennai 600 091.
…..Appellant
And
M/s Axis Bank Ltd., Retails Assets Centre, 4th Floor, Arcot Plaza, New No.38, Old No.165, Arcot Road, Kodambakkam, Chennai 600 024. Rep. by its Authorised Oficer, Ramakrishna.
…..Respondent Bank
Counsel for Appellants : Shri S. Balaji
ORDER
1
Pending IAs, if any, stand closed.
[Dictated to Steno(SN), transcribed by him, corrected, signed and pronounced by me in open court, this 14th February, 2025)
Sd/-
(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
2
1 issue framed by the court
Whether the DRT Presiding Officer must fix a specific time frame for disposal given the high pendency statistics.
1 provisions across 1 enactments
M. Logesh Babu
M/s Axis Bank Ltd.
G. Chandrasekharan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
