Chan Basha v. Idbi Bank
Case brief
What is this about?
This SARFAESI申由 a tenant challenging recovery measures. The court noted failed negotiations for property purchase between the tenant, bank, and borrower. Consequently, the applicant was directed to vacate possession by early January 2024.
What did the court decide?
Applicant directed to hand over vacant possession of the subject property to the respondent bank by 15.01.2024.
What the court decided
1
SA No. 344 of 2023 18.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of December, 2023
Present: ShriGanapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 344 of 2023
Mr. Chan Basha No.5/17, Flat No.B3 Second Floor, Sri Hari Apartments Delli Street, Periyar Nagar Pammal, Chennai – 600 075 ….Applicant
Vs
- The Authorised Officer IDBI Bank Limited Saidapet Branch Opposite to Ashok Leyland Gotha Medu Housing Board Saidapet, Chennai – 600 015
- Mr. R. Srinivasan No.5/17, Flat No.A1 1st Floor, Sri Hari Apartments Delli Street, Periyar Nagar Pammal, Chennai – 600 075 ….Respondents
Counsels on record / appeared:
Issues for consideration
2 issues framed by the court
Whether a SDA/tenant should be granted additional time to vacate premises when no amicable settlement with the bank and borrower has been reached.
Whether an interim stay permitting a tenant to remain until a specific date should be vacated in the absence of a negotiated purchase.
Parties & counsel
- applicant
Mr. Chan Basha
- respondent
IDBI Bank Limited Saidapet Branch
- respondent
Mr. R. Srinivasan
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court