The Debt Recovery Tribunal disposed of a SARFAESI application challenging debt recovery measures after the borrower settled the loan account by remitting a partial sum, with no costs awarded.
SA disposed without costs; interim order vacated; pending IAs 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.
1
SA No.427 of 2022
08.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.427 of 2022
D. Kalaimathi W/o. R. Durai Raju, Old No.22/2, New No.52, Babu Rajendra Prasath 1st Street, West Mambalam, Chennai-600 033. ….Applicant
-Vs -
The Authorized Officer, Canara Bank, (Erstwhile Syndicate Bank) Aminijikarai Branch, No.6/20, Govindan Street, Ayyavoo Colony, Aminijikarai, Chennai-600 029. ….R espondent
Counsels on record / appeared: Counsel for Applicant : M/s. V.P.Parivalal Counsel for Respondent : M/s. P. Sreenivasulu
ORDER
Section 14 of SARFAESI Act beforeLd.CMM, Egmore dated 05.05.2022 for recovery of a sum of Rs.1,35,44,450/-
during the pendency of Sa, borrower had approached respondent bank and settled eh
2
SA No.427 of 2022
08.04.2024
loan account under OTS by remitting a sum of Rs.53 lakhs. Hence it is submitted that applicant may be permitted to withdraw the SA.
reported by borrower, however without costs. Interim order, if any granted and subsisting till this day stands vacated and all other IAs, if any pending stand closed.
guidelines
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 08th day of April, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
D. Kalaimathi W/o. R. Durai Raju
The Authorized Officer, Canara Bank, (Erstwhile Syndicate Bank) Aminijikarai Branch
GANAPATHI K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
