This SARFAESI application was disposed of as settled out of court. The applicants had reached a negotiated settlement with the respondent bank and remitted the dues, leading the Tribunal to withdraw the application without costs.
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SA No.249/2022 12.10.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 12th day of October, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 249 of 2022
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SA No.249/2022 12.10.2022
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 12th day of October, 2022)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER
1 issue framed by the court
Whether the SARFAESI application should be withdrawn in view of out-of-court settlement.
A.G. Vengalvarayan and Mrs. K. Geethanjali
The Authorized Officer, Axis Bank
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
