In this SARFAESI application challenging a sale notice, the Debts Recovery Tribunal disposed of the matter as settled out of court after the respondent bank reported a full and final settlement of the loan account, vacating any interim stay.
Disposal of SARFAESI application as settled out of court without costs; vacation of interim stay, if any.
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. 168 of 2022 26.07.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of July, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 168 of 2022
V.Chidambaram
S/o. Vedippan D.No.3/37, Mittathinnahalli Village Mittathinnahalli post Nallampalli Taluk Dharmapuri District – 636 804 ….Applicant
Vs.
The Branch Manager Indian Overseas Bank Oddapatti Branch Collectorate Post, Oddapatti Dharmapuri Taluk and Post Dharmapuri – 636 705 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. S.Chinnasamy & D.Prabhu Counsel for Respondent : M/s. Ananda Gomathy & R.Roshan
ORDER
account is settled out of Court for a sum of Rs.18,02,500/- towards full and final
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S.A. 168 of 2022 26.07.2022
settlement and that the present SA challenging sale notice has become infructuous in view of settlement.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 26th day of July, 2022)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Chidambaram
The Branch Manager, Indian Overseas Bank Oddapatti Branch
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
