P Esthar v. Axis Bank
Case brief
What is this about?
DrAT III, Chennai dismissed the SARFAESI application filed by the borrower challenging a mortgage property auction held by Axis Bank, finding no merit in the allegations regarding procedural lapses or non-service of notices.
What did the court decide?
SARFAESI Application dismissed without costs; pending interim orders vacated; other pending IAs closed.
What the court decided
1
S.A. 530 of 2022 27.06.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 27th day of June, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 530 of 2022
P.Esthar
D/o Pal Pandi No.864, Vallam, Ward No.4 Vangi Nagar, Senkottai Taluk Vallam Thirunelveli – 627 809 ….Applicant
Vs.
The Authorised Officer
Axis Bank Retail Landing and Payment Group (South Zonal Office / Branch) Legal & Support Team, 2nd Floor Door No.31, Old No.14, South Mada Street Mylapore Chennai – 600 004 ….Respondent
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether the applicant could show any infirmity in the procedure followed by the bank for issuing the sale notice and conducting the auction.
Parties & counsel
- applicant
P.Esthar
- respondent
Axis Bank Retail Landing and Payment Group
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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