In a SARFAESI application challenging recovery measures under Section 14, the applicant sought withdrawal citing a settlement and a no objection certificate. The Tribunal dismissed the application as withdrawn and vacated interim orders.
The SA was disposed of as withdrawn without costs; interim orders were vacated.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.No.510 of 2023 19.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of December, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 510 of 2023
1. Mrs.Carolinpushparani W/o Arockiyasamy No.3/79C, Main Road Natham, Sirkali Nagapattinam – 609 118
2. Mrs.Ancy D/o Carolinpushparani No.3/79C, Main Road Natham, Sirkali Nagapattinam – 609 118 ….Applicants
Vs
M/s Equitas Small Finance Bank Limited (Formerly Known as M/s Equitas Finance Ltd.,) Rep. by its Authorized Officer Manimaran, S/o.Kalidass F-39, Spencer Plaza No.769, 4th Floor, Phase – II Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicants : M/s T.Padmanabhan Counsel for respondent : M/s T.K.M.Sai Krishnan
ORDER
Section 14 of SARFAESI Act before Ld. CJM, Mayiladuthurai in Crl.M.P.No. 04 of 2023
dated 17.08.2023 for recovery of a sum of Rs.12,26,719/-
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S.A.No.510 of 2023 19.12.2023
(Dictated to Steno (DD), transcribed by her, corrected, signed and processed by me through e-drt, on this the 19th day of December, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
M/s Carolinpushparani W/o Arockiyasamy & Mrs. Ancy
M/s Equitas Small Finance Bank Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
