This SARFAESI application challenging a possession notice was disposed of as settled out of court after the parties reached an out-of-court settlement (OTS) involving partial loan repayment, without costs.
The application was disposed of as settled out of court without costs; interim orders stood 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.
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S.A.179 of 2022 24.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 24th day of April, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 179 of 2022
P.Ganesh S/o.P.Ramanjaneyulu Plot No.33, Ground Floor, 15th Street, Annai Therasa Nagar, Puzhuthivakkam, Chennai – 600 091. ….Applicant
Vs. The Authorised Officer, M/s.Bajaj Housing Finance Limited, Unit No.804, 805, 806, 5th Floor, Delta Wing, No.177, Raheja Towers, Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.B.Balavijayan. Counsel for Respondent : M/s.M.Arunachalam.
ORDER
by Ld. counsels for both parties that matter is settled under OTS. Ld. counsel for
respondent institution filed memo submitting therein that borrower had settled the loan
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S.A.179 of 2022 24.04.2023
account by remitting a sum of Rs.47 Lakhs and that respondent will not proceed further against the applicant in respect of SARFAESI proceedings initiated by them. Both Ld. Counsels also made an endorsement to that effect in SA paper book and prayed for passing necessary orders.
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 24th day of April, 2023)
Sd/- (GANAPATHI K.R.K)
PRESIDING OFFICER
P.Ganesh
The Authorised Officer, M/s.Bajaj Housing Finance Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
