In a SARFAESI application challenging a sale notice, the Debt Recovery Tribunal disposed of the matter out of court upon the applicant's submission that the loan account was settled under an OTPS, allowing the withdrawal of the application.
Application disposed of out of court; withdrawn without costs; pending IA closed.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. 196 of 2022 26.09.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of September, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 196 of 2022
Mr.Valavane Assogane S/o.Valavane Palani Koumar No.14, Kirambu Thottam South Street Karaikal – 609 602 ….Applicant
Vs.
The Authorised Officer Tamilnadu Mercantile Bank Ltd Karaikal Brnch No.149, Bharathiyar Salai MAJ Apartments Karaikal – 609 602 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. J.Arun Prasad Counsel for Respondent : M/s. Mr.N.Somasundar
ORDER
under OTS and hence may be permitted to withdraw the SA.
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S.A. 196 of 2022 26.09.2022
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Mr. Valavane Assogane
The Authorised Officer Tamilnadu Mercantile Bank Ltd
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
