In a SAFRASEI application challenging a possession notice, the Tribunal allowed the petition when the respondent institution requested to withdraw the notice with liberty to issue a fresh notice subsequently.
The possession notice was withdrawn with liberty to issue a fresh notice in accordance with law; all pending interim orders were vacated.
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. No.261/2022 19.10.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of October, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.261 of 2022
Counsels on record / appeared:
Counsel for Applicant : M/s.G.Sanjeevi & R.Priya. Counsel for Respondent : M/s.M.Arunachalam, M.Nagalakshmi.
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S.A. No.261/2022 19.10.2022
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of October, 2022)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the challenge to the possession notice maintained when the institution seeks withdrawal under liberty to issue fresh notice
Sri Sri Sai Hari Exporters
S.Hariharan
Mahadevan Sankaran
The Authorised Officer, Bajaj Finance Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
