Debt Recovery Tribunal disposed of a SARFAESI application challenging possession notice as infructuous because the respondent bank withdrew proceedings due to regularization of the loan account, without awarding costs.
SARFAESI application disposed as infructuous; interim orders vacated; all pending IAs closed; no costs awarded.
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.
1
SA No.28 of 2023 03.07.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 03rd day of July, 2023
Present: ShriGanapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 28 of 2023
Vs.
The Authorised Officer Union Bank of India, Kolathur Branch J.S. Shalini Commercial Complex No.1, United Colony Main Road Kolathur, Chennai – 600 099 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : Mrs. J. Freeda Counsel for Respondent : M/s G. Lavanya
ORDER
respondent bank for recovery of a sum of Rs.21,89,635/-.
2
SA No.28 of 2023 03.07.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 03rd day of July, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Mr. V. Sathyanarayanan & Mrs. S. Padmavathi
The Authorised Officer, Union Bank of India
Shri G. K. R. Ganapathi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
