Court allowed the SARFAESI application held infructuous due to non-affixture of auction notice, setting aside the auction sale notice and directing closure of the application.
Impugned sale notice set aside; expenses not to be debited; interim orders vacated; pending IAs closed; liberty to initiate further action.
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SA No.147 of 2023 19.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of January, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 147 of 2023
Mr.Ashok R.Patel, S/o.Ratanshi M Patel, No.20, Ranganatha Avenue, Kilpauk, Chennai-600 010. ….Applicant
Vs.
The Authorized Officer, Punjab National Bank, Zonal Sastra Centre Chennai, No.46-49, 4th Floor, PNB Towers, Royapettah High Road, Chennai-600 014. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s.Prince Counsel for Respondent : M/s. M.L.Ganesh
ORDER
by respondent bank scheduling sale to 10.03.2023 for recovery of a sum of Rs.13,21,46,136.98p.
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SA No.147 of 2023 19.01.2024
5. With the above directions, SA stands closed.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of January, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
Mr. Ashok R. Patel
The Authorized Officer, Punjab National Bank, Zonal Sastra Centre Chennai
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
