The Debt Recovery Tribunal disposed of a Sale Notice application under Section 13(4) of the SARFAESI Act as the matter was settled out of court following full repayment by the applicant via Open to Satisfaction (OTS).
The Sale Notice application is disposed of as settled out of court without costs; interim orders vacated.
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S.A.398 of 2022 10.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of April, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 398 of 2022
M. Akilandeswari, W/o. B.Muthukumar No.2A, (2/2), Agrahara Street Kadakkam Village, Tharangampadi Taluk, Nagapattinam District – 609 402. ….Applicant
Vs.
The South Indian Bank Limited Mayiladuthurai Branch No.8/B, State Bank Road, Avaiyambalpuram, Mayiladuthurai – 609 001. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.S.Conscious Ilango. Counsel for Respondent bank : M/s M.L. Ganesh
ORDER
2. Representative counsel for respondent bank submitted that matter is settled out of Court and memo reporting the same is already filed before the Registry.
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S.A.398 of 2022 10.04.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 10th day of April, 2023)
Sd/- (GANAPATHI K.R.K)
PRESIDING OFFICER
M. Akilandeswari
The South Indian Bank Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
