SARFAESI application challenging a Possession Notice was disposed of as the account was regularized after repayment. The court set aside the notice and restored possession to the mortgagor.
Possession Notice dated 14.02.2023 set aside; possession restored to mortgagor; interim orders 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. 313/2023 21.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 313 of 2023
Mr.K. Agatheeshwara Prasad, S/o.Mr.Kailasanathan, Flat No.25-A, Survey Nos.146 & 147/1, Bakthavachalam Nagar, Malayambakkam Village, Pallavaram Taluk, Kanchipuram District ….Applicant
Vs
The Authorised Officer, Axis Bank Limited, No.31, 2nd Floor, South Mada Street, Mylapore, Chennai – 600 004 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. J. Prince Counsel for Respondent Bank : Sh. Kvp. Deepak Raj
ORDER
respondent bank for recovery of a sum of Rs.44,31,710/-.
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S.A. No. 313/2023 21.11.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of November, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
K. Agatheeshwara Prasad
Axis Bank Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
