The SARFAESI application was dismissed for default and non-prosecution, noting the sale notice had become infructuous due to a lack of bidders and that neither party pursued further compliance.
SA dismissed for default and non-prosecution; sale notice deemed infructuous; interim order 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. 470 of 2023
25.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 25th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No. 470 of 2023
Jeyam Educational Health and Charitable Trust, Represented by its chairman, Mr.M. Ramesh, Son of Late. Manickam,
Having its office at:
B. Agraharam Village, Nallanur Post, Pennagaram Taluk, Dharmapuri District- 636 813. …Applicant
-Vs-
Religare Finvest Limited, Represented by its Authorized Officer, Branch Office at:
No. 79/1A, Praveen Plaza, 1st Floor, Sir Shanmugam Road, R.S. Puram, Coimbatore-641 902. ...Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. A.M. Kamalanath Counsel for Respondent : M/s. S. Namasivayam
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SA No. 470 of 2023
25.03.2024
ORDER
(Dictated to Stenographer, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 25th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
Jeyam Educational Health and Charitable Trust
Religare Finvest Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
