The Debts Recovery Tribunal dismissed a SARFAESI application challenging an e-auction sale notice. The court held the application infructuous as the applicant conceded no procedural infirmities existed but failed to comply with the second part of a conditional order preventing the sale.
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. 415 of 2023
23.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 23rd day of January, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 415 of 2023
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SA No. 415 of 2023
23.01.2024
Vs.
The Authorised Officer, Tamilnad Mercantile Bank Limited, No.149, Maj Apartment, Bharathiyar Salai, Karaikal – 609 602. ….Respondent
Counsels on record / appeared:
Counsel for Applicants : M/s. K.J.Parthasarathy Counsel for Respondent : M/s. N.Somasundaar
ORDER
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SA No. 415 of 2023
23.01.2024
respondent bank while issuing subject impugned sale notice in terms of their counter and typed set of documents filed and since demonstrated. It is submitted that applicants could not establish any infirmities as respondent bank has followed the procedure as warranted under law and prayed for passing orders.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 23rd day of January, 2024)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the Single Account Hawke’s SA challenging the e-auction sale notice has any merit given the applicant's partial compliance with conditional order.
1 provisions across 1 enactments
Mr. Shajahan and others
The Authorised Officer, Tamilnad Mercantile Bank Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
