The Debts Recovery Tribunal allowed the SARFAESI application filed by the applicant challenging a sale notice, on the respondent bank's withdrawal of proceedings, without awarding costs.
SARFAESI application allowed without costs; interim orders 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.551 of 2023
02.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 02nd day of April, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.551 of 2023
Mr. Geridharan A.B. S/o. Amudhan Baskar No.1/63, Thulukanathaamman Koil Street, Surapet, Puzhal, Chennai-600 066.
….Applicant
-Vs-
The Authorized Signatory, Shriram Finance Ltd., No.17, First Floor, Nehru Nagar, Opp to Vijay Park Hotel, Ponniammanmedu, Thiruvallur-600 110. ….R esponden t
Counsels on record / appeared:
Counsel for Applicant : M/s. ARK Law Associates Counsel for Respondent : M/s. S. Prabhakaran
ORDER
they are withdrawing the entire SARFAESI proceedings initiated against applicant and hence prayed for passing necessary orders.
2
SA No.551 of 2023
02.04.2024
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 02nd day of April, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
Geridharan A.B
Shriram Finance Ltd.
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
