In this SARFAESI application challenging a sale notice, the court disposed of the matter as settled out of court after the applicant remitted the entire outstanding amount and withdrew the application without costs.
SARFAESI application disposed as settled out of court; interim orders vacated; no costs.
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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SA No. 135 of 2023
26.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.135 of 2023
The Authorized Officer/Chief Manager Karur Vysya Bank Ltd., Asset Recovery Branch, No.1, Padmavathiyar Road, 2nd Floor, (Off. Peters Road), Gopalapuram, Chennai – 600 086. ….Respondent
C ounsels on record / appeared: Counsel for Applicant : M/s. P. Murugan Counsel for Respondent : M/s. S. Namasivayam
ORDER
submitted that, during the pendency of SA, borrower had approached respondent bank
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SA No. 135 of 2023
26.03.2024
and had remitted the entire amount to bank by way of OTS and closure letter is also received from bank. Hence applicant may be permitted to withdraw the SA and prayed for passing necessary orders. Ld. counsel for applicant also made an endorsement to that effect in SA paper book.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 26th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Kitch Innova & Mr. P. Prathappkumar
The Authorized Officer/Chief Manager Karur Vysya Bank Ltd.
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
