Khamesh v. Bank of India
Case brief
What is this about?
In a SARFAESI application challenging a sale notice dated 28.10.2022 for recovery of loan dues, the Tribunal dismissed the application. Finding the respondent bank adhered to statutory procedure and no infirmities were proved, the sale was held valid.
What did the court decide?
The SARFAESI application is dismissed without costs. Interim orders, if any, subsisting are vacated.
What the court decided
1
S.A. 447 of 2022 06.03.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 06th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 447 of 2022
K.Khameshh
S/o.Krishnamoorthy No.21, Kamatchi Nagar Guduvanchery Chennai – 603 202 ….Applicant
Vs.
The Authorised Officer
Bank of India Perungalathur Branch, Chennai Rep. by its Authorized Officer / Chief Manager Asset Recovery Department, Chennai No.30, Star House, 4th Floor Era Balu Chetty Street Chennai – 600 001 ….Respondent
Issues for consideration
1 issue framed by the court
Whether the applicant established any infirmities in the procedure adopted by the respondent bank while issuing the impugned sale notice?
Parties & counsel
- applicant
K.Khameshh
- respondent
The Authorised Officer, Bank of India Perungalathur Branch
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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