The Debts Recovery Tribunal dismissed the SARFAESI application as infructuous. The applicant conceded that no auction sale had taken place on the scheduled date and admitted there were no procedural infirmities in issuing the sale notice.
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. 322 of 2023
09.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 09th day of January, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 322 of 2023
Mr.Dhananjayan, S/o. Subrayan, No.232, Drowbathi Amman Koil Street, Pillaichavady, Vanur Taluk, Villupuram District – 605 104. ….Applicant
Vs.
The Authorised Officer, Indian Bank, Zonal Office Puducherry, No.66/4, East Coast Road, Pakkamudayanpet, Puducherry – 605 008. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. J.Prince Counsel for Respondent : M/s. R.Jagadeesan
ORDER
to 26.06.2023 for recovery of a sum of Rs.54,24,867/-
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SA No. 322 of 2023
09.01.2024
of documents filed along with counter. Ld.counsel also submitted that no sale had taken place on the scheduled date and prayed for passing necessary orders.
(Dictated to Stenographer(DD), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 09th day of January, 2024)
(GANAPATHI K.R.K) PRESIDING OFFICER
Sd/-
Mr. Dhananjayan
The Authorised Officer, Indian Bank, Zonal Office Puducherry
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
