The Debts Recovery Tribunal allowed the allocation sale application filed by the applicant as infructuous, noting the respondent bank withdrew a flawed possession notice and sought liberty to proceed afresh. Expenses were directed against the sanctioned account.
SA allowed without costs; sales notice expenses not to be debited; liberty to proceed afresh granted.
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.
SA No.149/2022 1
12.07.2022
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 12th day of July, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
S.A. No. 149 of 2022
Mr.K.Subramaniyan S/o. Mr.Krishnasamy Iyer, No.1/47, Perumal Koil Street, Agili Village, Sendivakkam Post, Madurantagam Taluk, Chengalpattu District – 603319. ....Applicant
Versus
THE AUTHORISED OFFICER, INDIAN OVERSEAS BANK, Acharapakkam Branch, 24, Nadar Compound, GST Road, Acharapakkam, Kancheepuram Tamilnadu – 603301. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. S. Vignesh Counsel for Respondent : Sh. Y.T. Aravind Gosh
O R D E R
SA No.149/2022 2
12.07.2022
applicant. Ld. counsel submitted that since the possession notice itself is withdrawn, the present SA challenging the sale notice has become infructuous and nothing survives in this SA. Copy of memo is served to Ld. counsel appearing for applicant.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in open Court on this the 12th day of July, 2022)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
Mr. K. Subramaniyan
The Authorised Officer, Indian Overseas Bank, Acharapakkam Branch
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
