V Kumar v. Canara Bank
Case brief
What is this about?
Debts Recovery Tribunal dismissed an application challenging possession measures initiated by a bank under Section 14 of SARFAESI Act, finding no merit as the loan recovery procedure was followed regularly.
What did the court decide?
The SARFAESI Application was dismissed without costs, interim orders were vacated, and other pending applications were closed.
What the court decided
1
S.A. 207 of 2022 13.09.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 13th day of September, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 207 of 2022
V.Kumar S/o.Vembuli No.2, Veeravanchinathan Street Perungudi Chennai – 600 096 ….Applicant
Vs.
The Chief Manager & Authorised Officer M/s. Canara Bank Mylapore Branch II (Erstwhile Syndicate Bank) No.27/28, Dowlani Towers R.K.Nagar, Mylapore Chennai – 600 004
….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. V.Selva Perumal, R.Muthukumar & R.Lingakumar Counsel for Respondent : M/s. R.Jagadeesan, M.A.Abdul Wahab, V.Revathi & K.Uthraa
Issues for consideration
1 issue framed by the court
Whether the applicant established any infirmities in the procedure adopted by the respondent bank in initiating recovery measures under Section 14 of SARFAESI Act
Parties & counsel
- applicant
V.Kumar
- respondent
The Chief Manager, M/s. Canara Bank
Coram
GANAPATHI K.R.K
Case details
As recorded by the court registry
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