This appeal challenges measures initiated under Section 14 of the SARFAESI Act. The Tribunal disposed of the application out of court as account and stands settled between parties.
Application disposed of out of court as account settled; interim order vacated pending IAs closed.
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.227 of 2022 10.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of April, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 227 of 2022
Vs.
M/s.Equitas Small Finance Bank Limited, Rep. by its Authorised Officer, No.769, Spencer Plaza, 4th Floor, Phase – II, Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.P.Sakthivel. Counsel for Respondent : M/s.T.K.M. Sai Krishnan.
ORDER
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S.A.227 of 2022 10.04.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 10th day of April, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the Securitisation Application filed under Section 14 of the SARFAESI Act requires to be disposed of after settlement of account.
1 provisions across 1 enactments
Mrs. Tiiku, W/o. Sridharan and Mr. Sai Prabhu
M/s. Equitas Small Finance Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
