The Tribunal, by a short order, dismissed the application challenging the bank's sale notice, noting both parties conceded the sale became infructuous due to lack of bidders, thus leaving the application without merits.
Sale notice challenge dismissed; interim orders vacated; other applications closed.
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.
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S.A. 129 of 2022 22.09.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 22nd day of September, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 129 of 2022
Mrs.Aneesha Alias M.Aseena W/o. Late E.H.Mustafa 4/117, South Street Thulasiyappattinam Vetharanyam Taluk Vanduvancheri Nagapattinam – 614 714 ….Applicant
Vs.
1. The Authorised Officer
Indian Bank P.B.No.8, Nethaji Road Nagapattinam – 611 001
2. Indian Bank
Rep. by its Branch Manager Vedaranyam Branch No.14-A, SethuRastha Vedaraniam
Nagapattinam – 614 810 ….Respondents
Counsels on record / appeared:
Counsel for Applicant : M/s. A.Saravanan, R.Venkatesh & R.Madhubala Counsel for Respondent : M/s. Mrs.S.R.Sumathy
ORDER
respondent bank scheduling sale to 22.03.2022 for recovery of a sum of Rs.18,35,798/from applicant.
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S.A. 129 of 2022 22.09.2022
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S.A. 129 of 2022 22.09.2022
procedure adopted by the respondent bank while issuing the impugned sale notice. To fortify the said contentions, written submissions are also filed. On perusal of the documents furnished on behalf of respondent bank, there appears no infirmities in the procedure adopted.
(Dictated to Stenographer (DD), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 22nd day of September, 2022)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER
2 issues framed by the court
Whether the sale notice issued by the bank suffers from any procedural infirmities warranting the setting aside of the sale.
Whether the impugned sale notice has become infructuous due to lack of bidders.
Mrs. Aneesha Alias M.Aseena
The Authorised Officer, Indian Bank
Indian Bank
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
