Dismissed
P Arivalagan v. State Bank of India
DRTSA/516/2022
Case brief
AI extract
What is this about?
This debt recovery tribunal dismissed the applicant's securitisation and reconstruction of financial assets and enforcement of security interest application challenging a sale notice dated 25.11.2022. Both counsel admitted the sale had not taken place on the scheduled date, rendering the application infructuous. Consequently, the tribunal dismissed the application as withdrawn without costs.
What did the court decide?
Application dismissed as withdrawn without costs; interim orders vacated; other interventional applications closed.