In a SARFAESI application challenging a possession notice issued by Yes Bank Limited amounting to Rs. 1.94 crore, the court held that no procedural infirmities were established by the applicant and dismissed the application without costs.
The SARFAESI application was dismissed without costs. The interim stay was 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.202 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. 202 of 2022
Mr.S.Varadarajan, Prop. of M/s.ASR Enterprises, No.11/3, Kandhan Street, Perambur, Chennai – 600 011. ….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:
Counsel for Applicant : M/s.R.Gunasekaran. Counsel for Respondent : M/s.T.K.M.Sai Krishnan.
ORDER
of documents evidencing the action taken by them under the Act.
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S.A.202 of 2022 20.04.2023
any granted and subsisting till this day stands vacated and all other IAs, if any pending stand closed.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 20th day of April, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the possession notice issued by the bank is liable to be set aside for procedural infirmities.
1 provisions across 1 enactments
Mr. S. Varadarajan, Prop. of M/s. ASR Enterprises
The Authorised Officer, Yes Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
