SARFAESI application challenging a Sale Notice to recover a debt sum was dismissed after applicant absconded and the bank's procedure was found lawful.
Sale notice is upheld; application dismissed without costs; interim orders vacated; other IAs pending 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. 287 of 2022 11.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 11th day of April, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 287 of 2022
1. M/s. Sri Pramma Sakthi Sawmill
Proprietor : Mr.M.Sundaralingam New No.14, Old No.104, Palla Street
Thandurai, Pattabiram
Chennai – 600 072
2. Mr.M.Sundaralingam
No.12, Palla Street Thandurai Pattabiram
Chennai – 600 072
3. Mrs.S.Vijitha
W/o Mr.M.Sundaralingam No.12, Palla Street Thandurai Pattabiram Chennai – 600 072 ….Applicants
Vs.
The Authorised Officer Indian Bank Pattabiram Branch No.33, C.T.H.Road Pattabiram Chennai – 600 072 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. D.Rajesh, S.Bhuvaneswari & K.Abarnashri Counsel for Respondent : M/s. Saravana Prakash.S, S.Sriramulu & KP. Magesh Kumar
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S.A. 287 of 2022 11.04.2023
ORDER
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S.A. 287 of 2022 11.04.2023
guidelines.
(Dictated to Stenographer (DD), transcribed by her, corrected, signed and processed through e-drt, on this the 11th day of April, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether an Sale Notice issued by the bank was legally flawed.
M/s. Sri Pramma Sakthi Sawmill
Mr. M. Sundaralingam
Mrs. S. Vijitha
The Authorised Officer, Indian Bank
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
