The sale application was disposed of as settled out of court following the settlement of the loan account under the One Time Settlement scheme, rendering the proceedings subservient.
The Sale Application (S.A.) stood disposed of as settled out of court.
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S.A. 246 of 2022 15.09.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 15th day of September, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 246 of 2022
Mr.Lakshminarayanan S/o.Mr.Venkatarvaradhan Old No.9, New No.15, 4th Cross Street Gokul Nagar, Rajakilpakkam Chennai – 600 073 ….Applicant
Vs.
The Authorised Officer
Indusind Bank Limited No.25, Steeple Reach A Block, 3rd Floor, Cathedral Road Gopalapuram Chennai – 600 086 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. S.Vignesh & .Revanth Kumar Counsel for Respondent : M/s. Ramalingam Associates
ORDER
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S.A. 246 of 2022 15.09.2022
acknowledged the same, issued no dues certificate and also released the mortgaged property and personal guarantee pertaining to the said loan account. Ld. counsel for applicant had enclosed copy of no due certificate dated 02.09.2012 along with memo.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 15th day of September, 2022)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Mr. Lakshminarayanan
Indusind Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
