The Debts Recovery Tribunal disposed of an interim application filed under Section 17(1) of the SARFAESI Act to set aside a sale notice. Since the scheduled sale did not take place, the Tribunal found the application infructuous and closed pending stays.
SA disposed of as infructuous; all pending IAs closed; no order as to cost.
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.
BEFORE THE DEBTS RECOVERY TRIBUNAL – II AT CHENNAI
Dated this 12th day of December, 2023
PRESENT: SHRI T.RAJESH
PRESIDING OFFICER
SA No.420/2023
Vs.
The Authorised Officer, Equitas Small Finance Bank Ltd, 4th Floor, Phase II, Spencer Plaza, No.769 Mount road, Anna Salai, Chennai – 600 002 …Respondent
Counsel for Applicant : Mr. Noel Raj Counsel for Respondent : T.K.M. Sai Krishnan
O R D E R
2
( Dictated to stenographer, transcribed by her, corrected, signed and pronounced by me in the Open Court, this 12th day of December, 2023 )
Sd/(T.RAJESH) PRESIDING OFFICER DRT-II, CHENNAI
1 issue framed by the court
Whether to set aside the impugned sale notice dated 11.08.2023 scheduling sale on 18.09.2023 issued by the respondent.
1 provisions across 1 enactments
Sri Shivaas Vidyalaya School Campus represented by Mr. Sivakumar and Mrs. Rekha
The Authorised Officer, Equitas Small Finance Bank Ltd
T.RAJESH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
