The Debt Recovery Tribunal dismissed a Sale Notice application filed by lenders against M/s. Dharmapuri Paper Mills Pvt. Ltd. as infructuous due to an out-of-court settlement where the applicant discharged the entire OTS amount.
SA dismissed as infructuous; interim orders vacated.
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.
SA 286 of 2022
07.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 7th day of march, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 286 of 2022
M/s. Dharmapuri Paper Mills Pvt. Ltd.
M/s. Dharmapuri Paper Mills Pvt. Ltd.
All having Office at New No. 96, Old No. 140, Luz church Road, Mylapore, Chennai – 600 004.
…Applicants
-Vs-
The Authorized Officer, Indian Bank, Mylapore Branch, 75/1, P.S. Sivasamy Salai, Mylapore, Chennai – 600 004.
Also at
The Authorized Officer, Indian Bank, Mylapore Branch, 111, Luz Church Road, Mylapore, Chennai – 600 004.
…Respondent
SA 286 of 2022
07.03.2024
Counsels on record / appeared:
Counsel for Applicant : M/s. Tanya Kapoor Counsel for Respondent : M/s. RRK Associates
ORDER
(Dictated to stenographer,Saranya.M, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 7th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
SA 286 of 2022 07.03.2024
M/s. Dharmapuri Paper Mills Pvt. Ltd.
Dr. Muthusamy
Mrs. Anupriya Muthusamy
The Authorized Officer, Indian Bank, Mylapore Branch
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
