G Kannan v. Axis Bank
Case brief
What is this about?
Applicant challenged a possession notice for loan recovery. The Debts Recovery Tribunal disposed of the application as settled out of court, set aside the notice, and restored possession to the mortgagor upon the bank's representation of settlement and absence of dues.
What did the court decide?
Possession Notice dated 27.10.2022 set aside; possession restored to mortgagor; other pending Is closed.
What the court decided
1
SA No. 542 of 2023 18.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of December, 2023
Present: ShriGanapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 542 of 2023
G. Kannan S/o Ganesan No.2/87, South Street Anthakudi Nagapattinam District – 610 106 ….Applicant
-Vs-
The Authorised Officer Axis Bank, Arcot Plaza Old No.38, New No.165 Arcot Road, Kodambakkam Chennai – 600 024 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. R. Lakshmi Narasimhan Counsel for 1st Respondent : M/s TKM Sai Krishnan
Parties & counsel
- applicant
G. Kannan
- respondent
Axis Bank
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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