The Debts Recovery Tribunal, Chennai, dismissed the Sa filed by the applicant challenging recovery measures initiated under Section 14 of SARFAESI Act by the respondent, as no infirmities were found in the procedure adopted.
The SA is dismissed without costs. Interim order, if any granted and subsisting till this day stands 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. No.238 of 2023 14.06.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of June, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 238 of 2023
Mr.R.R.Manohar, S/o.Late.Mr.K.Rajasekar, No.1, 1st Cross Street, Kasturibai Nagar, Adyar, Chennai – 600 020. ….Applicant
Vs.
The Authorised Officer, M/s.PNB Housing Finance Limited, 3rd Floor, Sudershan Building, No.14, Whites Road, Royapettah, Chennai – 600 014. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.Sri Balaji Law Associates. Counsel for Respondent : M/s.T.Sai Krishnan.
ORDER
Section 14 of SARFAESI Act before Ld. CMM, Egmore in Crl.M.P. No. 5583 of 2022 dated 23.03.2023 for recovery of a sum of Rs.11,95,03,628.67p.
sought time for complying with the costs, as he could not inform his client and prayed time till next week. Refused.
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S.A. No.238 of 2023 14.06.2023
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of June, 2023)
(GANAPATHI K.R.K) PRESIDING OFFICER
Sd/-
1 issue framed by the court
Whether the Sa filed challenging recovery measures under Section 14 of SARFAESI Act was maintainable and tenable.
1 provisions across 1 enactments
Mr.R.R.Manohar
The Authorised Officer, M/s.PNB Housing Finance Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
