G Venkatesan v. Indian Bank
Case brief
What is this about?
In a SARFAESI application challenging a possession notice, the Tribunal allowed the application after the respondent bank withdrew the notice, setting aside the notice and restoring possession to the mortgagor without costs.
What did the court decide?
Possession Notice dated 22.12.2021 set aside; possession restored to mortgagor; bank directed not to debit expenses; liberty to proceed if default continues.
What the court decided
1
S.A. 89 of 2022 14.11.2022
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of November, 2022
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 89 of 2022
Sh. G. Venkatesan, S/o Gangadharan, No.50/77, BajanaiKoil Street, Padi – 600 050 …Applicant
Vs.
The Authorised Officer, Indian Bank, Korattur Branch, No.14, 31st Street, Periyar Nagar, Chennai – 600 080 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. Antony Selvam & RKM Suresh Counsel for Respondent : M/s Saravana Prakash
Parties & counsel
- applicant
Sh. G. Venkatesan
- respondent
The Authorised Officer, Indian Bank, Korattur Branch
Coram
Ganapathi K.R.K
Case details
As recorded by the court registry
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