The Appellants challenged measures under Section 14 of the SARFAESI Act. The court dismissed the application as the appellants failed to prove procedural infirmities, allowing a deadline for negotiated settlement of the loan account.
Stamps dismissed; parties granted 31.05.2023 deadline to negotiate settlement; interest to proceed further if default continues.
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.267 of 2022 27.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 27th day of April, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 267 of 2022
Counsels on record / appeared:
Counsel for Applicant : M/s.Mr.V.Saravanan. Counsel for Respondent : M/s.T.K.M.Sai Krishnan.
ORDER
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S.A.267 of 2022 27.04.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 27th day of April, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the stamped for a negotiated settlement regarding a SARFAESI Section 14 order was granted sufficient time.
1 provisions across 1 enactments
P.A.Mohamed Mohideen
P.M.S.Abdul Razack
Authorised Officer representing Retail Assets Center
Shri Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
