S Dhanraj v. Yes Bank
Case brief
What is this about?
The Debt Recovery Tribunal dismissed the SARFAESI application filed by M/s. SD Raj Agencies challenging a possession notice issued by Yes Bank Limited. Finding no infirmities in the bank's procedure, the court dismissed the application.
What did the court decide?
SARFAESI application dismissed without costs; interim stay vacated.
What the court decided
1
S.A.177 of 2022 20.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of April, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 177 of 2022
Mr.S.Dhanraj Prop. of M/s.SD Raj Agencies, No.82, Bricklin Road, Chennai – 600 012. ….Applicant
Vs.
The Authorised Officer, Yes Bank Limited, Yes Bank Tower, One International Centre, Tower II, 15th Floor, Senapathi Bapat Marg, Elphinstone (W) Mumbai – 400 013.
Also at: 48, Nyaya Marg,Chanakyapuri, New Delhi – 110 021. ….Respondent
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether there were any tenable infirmities in the procedure adopted by the respondent bank while issuing the possession notice.
Parties & counsel
- applicant
M/s. SD Raj Agencies
- respondent
Yes Bank Limited
Coram
Ganapathi K.R.K
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court