The Debt Recovery Tribunal disposed of S.A. No.128/2023, challenging a sale notice, because the applicant settled all outstanding dues with the bank during the pendency of the appeal. The matter was settled out of court.
Appeal dismissed due to out-of-court settlement; no costs awarded; interim orders 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.
SA No.128/2023
11.09.2023
1
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 11th day of September, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
S.A. No. 128 of 2023
Sh. V.K. Balaji, S/o V.R. Kuppusamy Pillai H 29 K, West Manthope Colony 9th Avenue, Ashok Nagar Chennai – 600 083
….Applicant
– Vs. –
The Chief Manager and Authorised Officer, Karnataka Bank, Asset Recovery Management Branch, No.324, Ground Floor, Thambu Chetty Street, Chennai – 600 001
….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s R. Chandramohan Counsel for Respondent : M/s. Ramalingam & Associates
O R D E R
SA No.128/2023
2
11.09.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 11th day of September, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
Sh. V.K. Balaji
The Chief Manager and Authorised Officer, Karnataka Bank
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
