In this SARFAESI application, the applicant bank sought to challenge a possession notice issued by the respondent bank. The tribunal dismissed the application as not pressed upon the applicant's representation that they were negotiating for an Other Transfer Scheme (OTS).
Application dismissed as not pressed; interim orders vacated; all other IAs closed.
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. 273 of 2023
30.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 30th day of January, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 273 of 2023
| 1. M/s. J.K.Foudation Rep by its Prop. S.Akshaya New No.20 (Old no.114) Flat No.2, T.P.Koil Street, Triplicane, Chennai-600 005. Tamil Nadu |
|
|---|---|
| 2. M/s.S.Akshaya W/o. Suresh Krishnamoorthy, Proprietor JK Foudation Flat No.7, Old No.119, New no.8, 3rdFloor T.P.Koil Street, Triplicane, Chennai-600 005. Tamil Nadu. |
….Applicants |
| Vs. | |
| The Authorized Officer | |
| Indian Bank Padi Branch | |
| No.97, First Main Road Ambattur, Industrial Estate, |
|
| Chennai-600 058. | ….Respondent |
| Counsels on record / appeared: | |
| Counsel for Applicant : |
M/s. R. Sugumaran |
| Counsel for Respondent : |
M/s. R. Jagadeesan |
ORDER
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SA No. 273 of 2023
30.01.2024
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 30th day of January, 2024)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. J.K.Foudation Rep by its Prop. S.Akshaya
The Authorized Officer Indian Bank Padi Branch
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
