This applicant challenged measures initiated under Section 14 of the SARFAESI Act. The tribunal allowed the applicant to voluntarily hand over vacant possession by March 31, 2024. Failing this, the bank may proceed with execution.
Applicant permitted to hand over vacant possession by 31.03.2024; otherwise, bank entitled to proceed with execution thereafter.
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.No.634 of 2023 21.12.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of December, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 634 of 2023
Mr.Mohideen Abdul Razak A
S/o Anvarsha A E2 Block, Flat no.2003 Ozone Greens Apartment Jallandianpet Joint Road Elcot Sez, Perumbakkam Jalladianpet, Chennai – 600 100
…. Applicant
Vs
1. M/s.ICICI Bank Ltd
The Authorised Officer Mr.Shankar Balasubramanian No.1, Cenotaph Road Teynampet Chennai – 600 018
2. Mrs.V.Sasirekha
W/o Sreenath Reddy No.5.2, Amsu Villa Maz Worth Nagar, Phase – 2 Kolapakkam, Kancheepuram Chennai – 600 122 …. Respondents
Counsels on record / appeared:
Counsel for Applicants : M/s J.Prince Counsel for 1st respondent : M/s R.Sugumaran
ORDER
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S.A.No.634 of 2023 21.12.2023
(Dictated to Steno (DD), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of December, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether to grant an extension of time for the applicant to hand over vacant possession of the attached property.
1 provisions across 1 enactments
Mr. Mohideen Abdul Razak A
M/s. ICICI Bank Ltd
Mrs. V. Sasirekha
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
