The Tribunal disposed of the Sarfaisi Application challenging an e-auction sale notice because the applicants settled the loan account by remitting Rs.45 lakhs under OTS during the pendency of the application. No costs were awarded.
The Sarfaisi Application is disposed of; the SA is allowed in effect.
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S.A. No. 328 of 2023 18.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of November, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 328 of 2023
Vs
The Authorized Officer, M/s. Equitas Small Finance Bank Limited, No. 769, Spencer Plaza, 4th Floor, Phase II, Annasalai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. T. Pon Suyambu Vinayaham Counsel for Respondent : Mr. T.K.M. Saikrishnan
ORDER
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S.A. No. 328 of 2023 18.11.2023
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt, on this the 18th day of November, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the Sarfaisi Application challenging the e-auction sale notice admits to be disposed in view of the settlement of the loan account.
Balakrishnan M
Angammal B
Sakthivel B
The Authorized Officer, M/s. 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
