The Debts Recovery Tribunal disposed of a SARFAESI application filed by an applicant challenging a possession notice. The SA was withdrawn by the applicant after remitting part of the loan amount and promising to settle the balance under a One Time Settlement (OTS) agreement.
SA disposed of as withdrawn; interim orders vacated; pending IAs closed.
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S.A.152 of 2022 14.02.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of February, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 152 of 2022
M/s.G.Sathish Kumar, S/o.Mr.S.Govindasamy, 6th Street, M.M.Nagar, Perambalur – 621 212. ….Applicant
Vs.
The Authorised Officer, IDBI Bank Limited, No.71/1, Venkatesapuram, Opposite of LIC Office, Perambalur – 621 212. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. A. Chandrasekaran. Counsel for Respondent : M/s. S. Parthasarathy.
ORDER
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S.A.152 of 2022 14.02.2023
In view of the said settlement under OTS, applicant prayed for permission to withdraw the SA.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of February, 2023)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER
M/s. G. Sathish Kumar
The Authorised Officer, IDBI Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
