SARFAESI Application filed challenging recovery measures was disposed of as infructuous because the borrower had settled the loan account. No costs awarded; interim orders vacated.
The SARFAESI application was dismissed as infructuous; interim orders vacated; other pending IAs closed without 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.355 of 2022
02.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 02nd day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.355 of 2022
Manappuram Home Finance Ltd., (“Mahorin”) Rep by its Area Collection Head, Tamil Nadu, No.20/1, First Floor, Ponnamalee Highway, Maduravoyal Market, Maduravoyal Chennai-600 095. ….D efendant
Counsels on record / appeared:
Counsel for Applicant : M/s. V.P. Parivallal Counsel for Respondent : M/s. R. Rajeshkumar
ORDER
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SA No.355 of 2022
02.04.2024
become infructuous. Thus submitting, Ld. counsel prayed for passing necessary orders. Ld. Counsel for applicant also made an endorsement to that effect in SA paper book.
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 02nd day of April, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the SARFAESI application challenging recovery measures becomes infructuous upon settlement of the loan account.
M/s. N. Kumaravel and M/s. N. Murugavel
Manappuram Home Finance Ltd.
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
