The Debts Recovery Tribunal dismissed the SARFAESI application filed by the applicant challenging a property sale for default and non-prosecution, noting the applicant's absence at hearings and lack of bidders.
The SARFAESI application was dismissed for default and non-prosecution; all interim orders and pending motions were vacated or 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.37 of 2023
21.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of March, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.37 of 2023
Mr. K.L. Srinivasalu, No.15, South Boag Road, T.Nagar, Chennai-600 017. ….Applicant
-Vs-
The Authorized Officer, State Bank of India, (Asset Recovery Management Branch) No.44,1st Floor, Eldams Road, Teynampet, Chennai-600 018. .… Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. Calvin Jones Counsel for Respondent : M/S. K.N. Chinnakrishnan
ORDER
even during second round of call work.
dated 01.12.2022 issued by respondent bank for recovery of a sum of Rs.4,14,71,040.95p.
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SA No.37 of 2023
21.03.2024
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 21st day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
K.L. Srinivasalu
The Authorized Officer, State Bank of India
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
