A SARFAESI application challenging a sale notice was disposed of out of court after the respondent bank filed a memo stating the loan account had been settled via Out of Court Settlement for Rs.21,10,000/-.
The application stood disposed as settled out of court without costs. Interim stay was vacated and pending IAs closed.
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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SA No.357/2022 29.03.2023
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 29th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 357 of 2022
Andhra Pradesh – 517 589.
Thiruvallur -602 021. ….Applicants
Versus
Counsels on record / appeared:
Counsel for Applicant : M/s. A. Hari
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SA No.357/2022 29.03.2023
O R D E R
costs. Interim stay, if any granted and subsisting till this day stands vacated and all other IAs, if any pending stand closed.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 29th day of March, 2023)
Sd/- (GANAPATHI K.R.K)
M/s.Sri Vari Hotel - Rep. by its Proprietor Mr.Gajendran.G
The Branch Manager, M/s.Punjab National Bank
The Authorised Officer M/s.Punjab National Bank
GANAPATHI K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
