J Porkodi v. State Bank of India
Case brief
What is this about?
The Debts Recovery Tribunal allowed the SARFAESI application challenging Section 14 action, permitting the bank to withdraw proceedings with liberty to initiate fresh proceedings for physical possession.
What did the court decide?
Respondent permitted to withdraw proceedings with liberty to initiate fresh proceedings for physical possession; expenses not to be debited.
What the court decided
1
S.A. 410 of 2022 09.08.2023
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 09th day of August, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 410 of 2022
J.Porkodi
No.18, New No.31 East Mada Church Street Royapuram Chennai – 600 013 ….Applicant
Vs.
The Authorised Officer
State Bank of India SARB No.32, Montieth Road Egmore Chennai – 600 008 ….Respondent
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether to allow the SARFAESI application challenging Section 14 action
Parties & counsel
- applicant
J.Porkodi
- respondent
The Authorised Officer, State Bank of India
Coram
GANAPATHI K.R.K
Case details
As recorded by the court registry
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