M Kandan v. Indian Bank
Case brief
What is this about?
In this SANTHI application, the Applicants challenged a Possession Notice issued by the Respondent bank for recovery of an outstanding housing loan amounting to Rs.20,15,075/-.
What the court decided
1
S.A. 208 of 2022 14.11.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of November, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 208 of 2022
1. M.Kandan
S/o.P.Munusamy
No.3/93, Mariamman Koil Street Panchetty Village, Ponneri Taluk Thiruvallur District – 601 204
2. A.Malini
W/o. M.Kandan
No.3/93, Mariamman Koil Street
Panchetty Village, Ponneri Taluk
Issues for consideration
2 issues framed by the court
Whether the applicants can secure recovery of a housing loan.
Whether SARFAESI actions against a secured creditor are fair.
Parties & counsel
- applicant
M.Kandan
- applicant
A.Malini
- respondent
Indian Bank
Coram
Case details
As recorded by the court registry
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