The Debts Recovery Tribunal disposed of the SARFAESI application by accepting that the loan account was settled out of court, vacating interim orders, and closing related pleas.
SA disposed without costs; interim orders vacated; pending IAs closed.
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.531 of 2022 17.04.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 17th day of April, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 531 of 2022
Vs.
M/s.Tamilnad Mercantile Bank Limited, Chennai Regional Office, No.45, Pulla Avenue, Shenoy Nagar Chennai – 600 030 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.SR.Mounaswamynathan. Counsel for Respondent : M/s.K.N.Chinnakrishnan.
ORDER
respondent bank before Ld. CMM, Egmore, Chennai in Crl.M.P. No.23304 of 2022 dated 06.10.2022, for recovery of a sum of Rs.1,03,73,065.58p.
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S.A.531 of 2022 17.04.2023
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 17th day of April, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
T.S.Dinadayalan and Anr.
M/s.Tamilnad Mercantile Bank Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
