The Debts Recovery Tribunal dismissed a SARFAESI sale notice application as withdrawn due to a negotiated settlement between the applicant and the respondent bank, without costs.
Application dismissed as withdrawn; interim orders vacated; pending IAs closed.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. 416 of 2022 21.12.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of December, 2022
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 416 of 2022
Mr.V.Karukkuvel, S/o.Vellaya, M/s.Rep by its proprietor. Sri Sherma Sweets and Bakkery, No.69, Kalaignar Nagar, 61, Nandambakkam, Kundrathur, Chennai – 600 069.
Residing at No.3, Pari Nagar, 2nd Street, Sriperumbudur Main Road, Chennai – 600 069 …Applicant Vs.
The Authorised Officer, TamilNadu Mercantile Bank Limited, Sriperumbudur Branch, Sriperumbudur – 602 105. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.V.Gunasekar, D.Adhitya Counsel for Respondent : M/s.K.N.Chinnakrishnan.
ORDER
New Indian Express daily News Paper, Chennai Edition on 02.09.2022 by respondent bank scheduling sale to 17.10.2022 for recovery of a sum of Rs.30,18,286/-.
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S.A. 416 of 2022 21.12.2022
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of December, 2022)
Sd/- (GANAPATHI K.R.K)
PRESIDING OFFICER
Sri Sherma Sweets and Bakkery
The Authorised Officer, TamilNadu Mercantile Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
