Dhanraj v. Indian Bank
Case brief
What is this about?
In a SARFAESI application challenging an E-Auction Sale Notice, the Debts Recovery Tribunal disposed of the application as infructuous because the borrower had settled the loan account with the bank on a One-Time Settlement basis.
What did the court decide?
SA dismissed as infructuous; interim orders, if any, vacated; pending IAs closed.
What the court decided
1
S.A. No.188 of 2023 20.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of December, 2023
Present: ShriGanapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 188 of 2023
Sh. T. Danraj S/o Thanthoni No.2, Kudai Company Street Muthialapet Puducherry – 605 003 ….Applicant
Vs
The Authorised Officer Indian Bank Lawsper Branch No.169, Lawspet Main Road Lawspet Puducherry – 605 008 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. J. Rajmohan Counsel for Respondent : M/s P.V. Murlidhar
ORDER
Parties & counsel
- applicant
Sh. T. Danraj S/o Thanthoni
- respondent
The Authorised Officer, Indian Bank, Lawsper Branch
Coram
Ganapathi K.R.K
Case details
As recorded by the court registry
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