Debts Recovery Tribunal disposed of a SARFAESI application challenging a sale notice. The court allowed settlement of the loan account by the borrower published by the respondent bank and settled the matter out of court without costs.
sale notice is vacated; SARFAESI application disposed as settled without costs; all pending IAs closed.
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SA No.364 of 2023
25.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 25th day of April, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.364 of 2023
Mr. K. Arul S/o. Kasinathan No.4/199, Thirumakottai Road, Asesham, Mannargudi – 614 001. Thiruvarur District. ….Applicant
-Vs-
The Authorized Officer, Tamilnad Mercantile Bank Ltd., Asesham Branch No.5/152, Ground Floor, Jothi Nagar Thirumakottai Main Road, Asesham, Mannargudi – 614 016 ….R espondent Thiruvarur District.
Counsels on record / appeared:
Counsel for Applicant : M/s. R. K.M Suresh Counsel for Respondent : M/s. E. Kumar
ORDER
the respondent bank scheduling sale to 14.07.2023, for recovery of a sum of Rs.60,73,358.73p
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SA No.364 of 2023
25.04.2024
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 25th day of April, 2024)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
K. Arul
The Authorized Officer, Tamilnad Mercantile Bank Ltd.
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
