The Debts Recovery Tribunal dismissed a SARFAESI application challenging bank measures under Section 14. The applicant conceded no procedural infirmities existed in the bank's possession notice procedure, leading to dismissal without costs.
SA dismissed without costs; pending IAs closed; interim orders vacated.
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.422 of 2022 14.06.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of June, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 422 of 2022
M/s.J.Thilagavathi, W/o.R.Jayabal, 1/99, West Street, Neduvakkottai, Manargudi – 614 001. ….Applicant Vs. The Authorised Officer, Indian Bank, Mannargudi Branch, 224, M.G.Road, Mannargudi – 614 001. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.B.Sundarapandiyan. Counsel for Respondent : M/s.S.R.Sumathy.
ORDER
Section 14 of SARFAESI Act before CJM, Thiruvarur in Crl.M.P. No. 209 of 2022 dated 24.08.2022 for recovery of a sum of Rs.32,19,901/-.
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S.A.422 of 2022 14.06.2023
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of June, 2023)
(GANAPATHI K.R.K) PRESIDING OFFICER
Sd/-
1 issue framed by the court
Whether the SARFAESI application challenging Section 14 measures under Cr.M.P. No.209 of 2022 deserves to be dismissed given the absence of infirmities in the bank's procedure?
Colour shows how this judgement treated each authority
none cited in textReferred
2 provisions across 2 enactments
M/s.J.Thilagavathi, W/o.R.Jayabal
The Authorised Officer, Indian Bank, Mannargudi Branch
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
Ganapathi K.R.K.
Parties & counsel
