Priya K v. Canara Bank
Case brief
What is this about?
Debts Recovery Tribunal dismissed an SARFAESI application challenging an auction sale because the applicant paid off the loan and deposited compensation to the purchaser, leading to an amicable mutual settlement.
What did the court decide?
SARFAESI application dismissed without cost; vacated interlocutory orders and closed pending IAs.
What the court decided
1
S.A. 123 of 2022 10.10.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of October, 2022
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 123 of 2022
Priya K W/o.Arul Jothi R, No.4/20, North Street, Mangalam H/O Thevaiyur Village, Veppanthattai Taluk, Perambalur 621 115 …Applicant
Vs.
- The Authorised Officer, Canara Bank, Specialised SME Branch, 170, Madhanagopalapuram, Trichy Main Road, Perambalur – 621212.
- Mr.N.Selvakumar, S/o.Narayanasamy, C4/89, First Floor, SDA, Hauz Khas, Sda Market, New Delhi, Hauz Khas, South Delhi – 110 016 …Respondents
Counsels on record / appeared:
Parties & counsel
- applicant
Priya K W/o.Arul Jothi R
- respondent
The Authorised Officer, Canara Bank
- respondent
Mr.N.Selvakumar, S/o.Narayanasamy
Coram
Case details
As recorded by the court registry
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