Mrs S Vidya v. Indian Bank
Case brief
What is this about?
In an SA filed challenging an E-Auction Sale Notice for non-service, the Tribunal allowed the application and set aside the notice. The respondent bank conceded the infirmity and was directed not to debit expenses.
What did the court decide?
Sale Notice dated 24.01.2023 set aside; expenses not to be debited from borrower's account; liberty granted to proceed further if default continues.
What the court decided
1
S.A. No.119 of 2023 20.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of December, 2023
Present: ShriGanapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 119 of 2023
Mrs. S. Vidya W/o A. Selvam No.5/38, Main Road Palacode Post and Taluk Dharmapuri District – 638 808 ….Applicant
Vs The Authorised Officer Indian Bank Palacode Branch No.161/1-4, Sree Raja Complex Main Road Palacode – 636 808 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. V.P. Parivallal & G. Sanjeevi Counsel for Respondent : Sh. S. Parthasarathy
ORDER
- This SA is filed challenging the E-Auction Sale Notice dated 24.01.2023 issued
Parties & counsel
- applicant
S. Vidya
- respondent
The Authorised Officer, Indian Bank
Coram
Shri G. Ganapathi K.R.K
Case details
As recorded by the court registry
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