AAF Disposed of SARFAESI application challenging a sale notice. Court observed that the deposit sent record shows settlement under Offer to Sell (OTS) between parties. Declared matter settled out of court, vacated interim orders and closed pending IAs.
Application disposed of as settled; interim order vacated; other IAs 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. 23 of 2022 21.09.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of September, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 23 of 2022
1. Mrs.S.Rani Thomas
W/o. Siddotam B Thomas
No.12, West Club Road
Opp Saibaba Temple
Shenoy Nagar
Chennai – 600 030
2. Mr.Siddotam Balasamy Thomas S/o.Ciddotam Pappiah Balasamy No.12, West Club Road
Opp Saibaba Temple
Shenoy Nagar
Chennai – 600 030 ….Applicants
Vs.
1. The Authorised Officer
Tamilnadu Mercantaile Bank Limited No.40 A, Vanigar Street Kancheepuram – 631 501
2. M/s.Udhayam Enterprises No.8, Oilmohammed Pet Opp to HP Petrol Bunk Kancheepuram
3. Mrs. Junaitha Thariq W/o.Thariq No.20A, Maligai Street, Big Kancheepuram Kancheepuram – 631 502
4. Mrs.Kameshwaree
No.71, Second Main Road,
South Jagantha Nagar Villivakkam, Chennai – 600 049
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S.A. 23 of 2022 21.09.2022
5. Mr.Ramsabarish S/o.Vijayakumar No.71, Second Main Road South Jagantha Nagar Villivakkam, Chennai – 600 049 ….Respondents
Counsels on record / appeared:
Counsel for Applicant : M/s. B.Rajesh Counsel for 1st Respondent : M/s. K.N.Chinnakrishnan & E.Kumar
ORDER
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of September, 2022)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the Sale Notice issued under SARFAESI Act should be quashed given that the matter has been settled out of court via OTS.
1 provisions across 1 enactments
Mrs. S. Rani Thomas
Mr. Siddotam Balasamy Thomas
Tamilnadu Mercantile Bank Limited
M/s. Udhayam Enterprises
Mrs. Junaitha Thariq
Mrs. Kameshwaree
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
