Vasantha v. Indian Bank
Case brief
What is this about?
This Quranic application challenging a possession notice was disposed of after the respondent bank submitted that the loan account had been settled via a settlement memo during the pendency of the proceedings.
What did the court decide?
Possession notice dated 11.04.2023 is set aside; possession restored to mortgagor; interim order vacated; other IAs closed.
What the court decided
1
S.A. No. 251 of 2023 18.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of November, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 251 of 2023
C. Vasantha, W/o. Caliappane @ Dhanakodi, No. 29, Periyar Nagar Street, Manaveli, Ariyankuppam, Pudhucherry – 605 007. ….Applicant
Vs
The Authorized Officer, Indian Bank, Zonal Office, Near Kokku Park, Pakkamudiyanpet, Pudhucherry – 605 008 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. P. Saravanan Counsel for Respondent Bank : Sh. P.V. Murlidhar
Issues for consideration
1 issue framed by the court
Whether the SARFAESI application challenging the possession notice ought to be disposed of in view of the settlement of the loan account.
Parties & counsel
- applicant
C. Vasantha
- respondent
The Authorized Officer, Indian Bank
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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