V Anandaselvan v. Indian Bank
Case brief
What is this about?
Disposal of SARFAESI Application challenging a Sale Notice on the grounds that the loan account was settled under an Out of Court Settlement (OTS) during the pendency of the application, rendering the petition infructuous.
What did the court decide?
Sale Notice scheduled for sale to be vacated; all pending IAs closed; no costs awarded.
What the court decided
SA 388 of 2023
19.02.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of February, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.388 of 2023
M/s. V.Anandaselvan, S/o. Late Vincent Nadar, No.3/318, Vettuvankeni, ECR, Chennai-600 115. ….Applicant -Vs- The Authorized Officer, Indian Bank, Neelankarai Branch, No.4/112, East Coast Road, Neelankarai, Chennai-600 115. ...R esponden t
| Counsels on record / appeared: | |
|---|---|
| Counsel for Applicant : |
M/s. J.Srinivasan |
| Counsel for Respondent : |
M/s. V. Rajeswari |
ORDER
- This SA is filed challenging the Sale Notice dated 10.07.2023 issued by the
Parties & counsel
- applicant
M/s. V.Anandaselvan
- respondent
The Authorized Officer, Indian Bank, Neelankarai Branch
Coram
Ganapathi K.R.K
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court