R Palani v. Axis Bank
Case brief
What is this about?
The Debt Recovery Tribunal dismissed a Section 17 application challenging a possession notice dated 08.09.2022. The Tribunal allowed the case to be settled out of court and disposed of the matter without adjudicating the merits.
What did the court decide?
The application was dismissed as settled out of court; interim orders vacated and pending IAs closed.
What the court decided
1
S.A.No.539 of 2022 29.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 539 of 2022
Mr. R. Palani,
Son of Late Ranganathan, Old No. 27, New No. 38, 42nd Street, Jagajeevanram Street, GKM Colony, Chennai – 600 082. …. Applicant
Vs
The Authorized Officer, AXIS Bank, Ambattur ASC Branch, No.426/469, MTH Road, Ambattur, Chennai – 600 053. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. K. Kumar Counsel for Respondent : M/s. T.K.M. Sai Krishnan
Parties & counsel
- applicant
Mr. R. Palani
- respondent
The Authorized Officer, AXIS Bank, Ambattur ASC Branch
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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