Madhankumar Ramalingam v. 55
Case brief
What is this about?
The Applicant filed a SARFAESI application challenging a possession notice issued by the bank. The court noted the Applicant failed to show any procedural infirmities and dismissed the application.
What did the court decide?
SARFAESI Application dismissed without costs. Interim orders vacated and other IAs closed.
What the court decided
1
SA No.516 of 2023
01.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 1st day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.516 of 2023
Mr. Madhankumar Ramalingam, S/o. Ramalingam, No.144, Thammanan Road, Arisipalayam, Salem-636 009. ….Applicant
- Vs-
The Authorized Officer, Federal Bank Ltd., LCRD Chennai Division, No.27, 5th Floor, Akshaya Shanthi, Opp to Head Post Office, Anna Salai, Chennai-600 002. …. Defendant
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether the possession notice issued by the bank was without infirmities in procedure.
Parties & counsel
- applicant
Mr. Madhankumar Ramalingam
- respondent
The Authorized Officer, Federal Bank Ltd.
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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