Anticipatory SARFAESI application admitted setting aside an e-auction notice withdrawn by the respondent bank due to lack of bidders, allowing the bid process cancellation without costs.
SA allowed without costs. Liberty to respondent bank to proceed if default continues. Vindication of previous interim order and closing of pending IAs.
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.477 of 2023
29.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.477 of 2023
| The Authorized Officer, Indian Bank, |
|
|---|---|
| MEPZ Branch, Admin Block, | |
| SEZ-MEPZ, Kadaperi, | |
| Tambaram, Chennai – 600 045. | ….Respondent |
| Counsels on record / appeared: | |
| Counsel for Applicant : |
M/s. Thanu Madhan N.S. |
| Counsel for Respondent : |
M/s. P.V. Muralidhar |
ORDER
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SA No.477 of 2023
29.04.2024
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 29th day of April, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Techno Kampa Infrastructure
Mrs. Karthick Vishvamaaya
Mr. B.S. Chandrasekaran Rao
The Authorized Officer, Indian Bank, MEPZ Branch
GANAPATHI K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
