The Tribunal disposed of the SARFAESI application as the loan account was regularized by the applicant. The bank retains rights to initiate fresh proceedings on future default. Any interim stay is vacated.
SARFAESI application disposed without costs; liberty to respondent to initiate action afresh on future default.
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S.A. 47 of 2023 14.03.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 47 of 2023
Mrs.N.Rajeswari, W/o.M.Nagarajan, No.13 A Kamatchi Nivas, Gangai Amman Koil Street, Ganapathi Raj Nagar, Virugambakkam, Chennai – 600 092. .…Applicant Vs. The Authorised Officer HDFC Limited, 2nd Floor, ITC Centre, 760, Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.G.R.Sridharan & G.Sanjeevi. Counsel for Respondent : M/s K.J. Parthasarathy
ORDER
submitting therein that during the pendency of SA, applicant had regularized the loan account and hence nothing survives for adjudication in the above SA. it is submitted
that respondent reserves its right to initiate proceedings afresh, if there will be a default
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S.A. 47 of 2023 14.03.2023
in repayment in future. Thus submitting, Ld. counsel prayed for passing necessary orders.
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
Mrs. N. Rajeswari
The Authorised Officer HDFC Limited
Ganapathi K.R.K.
As recorded by the court registry
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