N Dillibabu v. Indian Bank
Case brief
What is this about?
Salari application filed challenging a bank asset sale was dismissed as infructuous because the applicants withdrew the petition and the parties subsequently reached an out-of-court settlement via the respondent bank.
What did the court decide?
The SARFAESI application is dismissed as it has become infructuous due to the parties' out-of-court settlement. All other interim applications are closed.
What the court decided
1
S.A. 295 of 2022 08.12.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 8th day of December, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 295 of 2022
1. Krishna Clothing
Rep. by its Proprietor Mr.N.Dilli Babu No.12 Venkateswara Nagar Pattabiram Opposite to Indian Bank Chennai – 600 072
2. Mr.N.Dilli Babu
S/o. Narasimhan No.12 Venkateswara Nagar Pattabiram Opposite to Indian Bank Chennai – 600 072
3. Mrs.D.Thanuja
W/o.N.Dilli Babu No.12 Venkateswara Nagar Pattabiram Opposite to Indian Bank Chennai – 600 072 ….Applicants Vs. The Authorised Officer Indian Bank Pattabiram Branch 33, CTH Road, Pattabiram Chennai – 600 072 ….Respondent
Parties & counsel
- applicant
Krishna Clothing
- applicant
Mr. N.Dilli Babu
- applicant
Mrs. D.Thanuja
- respondent
The Authorised Officer, Indian Bank Pattabiram Branch
Coram
Case details
As recorded by the court registry
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