This Debt Recovery Tribunal dismissed a SARFAESI application challenging a bank's sale notice. The applicant admitted no procedural flaws, and the sale notice later became infructuous as no bidders attended.
SARFAESI application dismissed without costs; applicant granted liberty to settle loan account by 31.10.2023.
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.320 of 2022 26.09.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of September, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 320 of 2022
Mr.P.K.Sirajudeen, S/o.Kaleel Rahman, No.87/135, Balagangadhar Street, (Yadaval Street), Adambakkam, Chennai – 600 088. ….Applicant
Vs.
The Authorised Officer, Canara Bank, Kellys Branch Chennai, P.B.No.3007, No.207, Purasaiwakkam High Road, Chennai – 600 007. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.S.Ananda Kumar. Counsel for Respondent : M/s.S.Kesavan.
ORDER
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S.A.320 of 2022 26.09.2023
making all attempts to settle the loan account and prayed for passing necessary orders, while granting time for settlement of loan account with respondent bank.
the Bench. Respondent bank will be at liberty to proceed further beyond 01.11.2023, if no settlement is arrived between the parties.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 26th day of September, 2023)
Sd/- PRESIDING OFFICER
1 issue framed by the court
Whether the SARFAESI sale notice was liable to be set aside due to any procedural infirmity.
P.K.Sirajudeen
Canara Bank
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
