The Tribunal dismissed the SARFAESI application challenging the possession notice issued by the Respondent financial institution, finding no infirmities in the procedure followed.
SA dismissed without costs; interim order settled till date is vacated.
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.459 of 2023
27.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 27th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.459 of 2023
Mr. AllaSudhakar, S/o, Ramireddy, 35-4-71, Seetharamapuram, Near Vinayaka Temple, Ongole, Prakasam, Andhra Pradesh-523 001. ….Applicant
-Vs -
The Authorized Officer, GIC Housing Finance Limited, Khivraj Complex -2, 2nd Floor, No.480, Anna Salai, Opp. Nandanam Arts College, Nandanam, Chennai -600 035. … Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. J. Prince Counsel for Respondent : M/s. V. Balasubramani
ORDER
27.05.2023 issued by respondent financial institution for recovery a sum of Rs.25,68,153/-.
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SA No.459 of 2023
27.03.2024
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 27th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
AllaSudhakar
The Authorized Officer, GIC Housing Finance Limited
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
