Karthikeyan P v. Axis Bank
Case brief
What is this about?
The Debts Recovery Tribunal dismissed the applicant's SARFAESI application challenging an e-auction sale notice, holding the action became infructuous after the borrower settled the loan account via OTS, dismissing the order without costs.
What did the court decide?
Application disposed of without costs; interim orders, if any, vacated; pending IAs closed.
What the court decided
1
S.A.180 of 2022 18.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of April, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 180 of 2022
P.Karthikeyan S/o.Paneerselvam No.24, Thideer Nagar, Chinnakalapet, Puducherry – 605 014. ….Applicant
Vs.
- The Authorised Officer, Axis Bank-RAC, Arcot Plaza, Old No.38, New No.165, Arcot Road, Kodambakkam, Chennai – 600 024.
- The Branch Manager, Axis Bank, No.40, Mission Street, Viratipatu, Heritage Town, Puducherry – 605 001. ….Respondents
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether the SARFAESI application challenging the e-auction sale notice became infructuous upon settlement of the loan account under OTEPS.
Parties & counsel
- applicant
P.Karthikeyan
- respondent
The Authorised Officer, Axis Bank-RAC
- respondent
The Branch Manager, Axis Bank
Coram
Case details
As recorded by the court registry
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