Debts Recovery Tribunal disposed of a sale application filed by the applicant challenging a possession notice. The matter was settled out of court by the respondent bank as the loan account was settled under an one-time settlement scheme with no dues remaining.
Application disposed of as settled out of court with no costs; interim stay 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. 328 of 2022 07.03.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 7th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 328 of 2022
V.Amutha W/o.Vijayakumar No.18, Vivekandar Street, Near Guru Hotel Perambalur, Tamilnadu – 621 212. .…Applicant
Vs.
The Authorised Officer Equitas Small Finance Bank Limited, 4th Floor, Spencer Plaza, No.769, Phase – II, Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.M.Murali. Counsel for Respondent : Mr.T.K.M.Sai Krishnan.
ORDER
settled the loan account under OTS and that there are no dues from the applicant. Ld. counsel for respondent bank also made an endorsement to that effect in SA paper book and prayed for passing necessary orders.
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S.A. 328 of 2022 07.03.2023
vacated and all other IAs, if any pending stand closed.
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
Vaamutha
Equitas Small Finance Bank Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
