This Debts Recovery Tribunal disposed of a SarfaleSI application filed by a borrower challenging recovery measures undertaken by a bank for non-payment of a loan. The applicant withdrew the application after remitting the outstanding amount and closing the loan account.
Application disposed as withdrawn by applicant.
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.402 of 2022 16.03.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 16th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 402 of 2022
Mr. R. Sinouvassanae S/o Mr. Ramalingam No.80, Kamban Street R.K. Nagar, Ariyankuppam Puduchery ….Applicant
Vs.
M/s Karnataka Bank Limited Rep. by its Authorised Officer Puducherry Branch P.B. No.132, No.137, Mission Street Puducherry – 605 001 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.R.K.M. Suresh Counsel for Respondent : M/s Ramalingam & Associates
ORDER
Section 14 of SARFAESI Act before Ld. CJM, Puducherry in Crl.M.P. No. 115/2022 dated 31.03.2022 for recovery of a sum of Rs.20,53,950/-.
the entire outstanding amount and closed the loan account. Ld. counsel for applicant made an endorsement in SA paper book that he may be permitted to withdraw the SA in view of closure of loan account.
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S.A.402 of 2022 16.03.2023
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
R. Sinouvassanae
M/s Karnataka Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
