The Tribunal disposed of the SARFAESI application as infructuous because the first and second respondents (lenders) withdrew the SARFAESI proceedings after fully recovering the dues from the loan accounts.
SA disposed of as infructuous without costs; interim orders vacated and pending IAs closed.
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SA No.60 of 2023
07.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 07th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.60 of 2023
| 1. Mr. T Senthil Kumaran, |
|---|
| S/o. Mr.Thyagarajan, Door No.23, Thanikachalam Road, |
| T. Nagar, Chennai-600 017. |
| 2. | M/s. Sky Lift Cargo Pvt.Ltd., Rep by its Director, Mr. T.Senthilkumarn, Door No.10, Thanikachalam Road, T.Nagar, Chennai-600 017. |
|---|---|
| 3. | M/s. Air Lift Associates, Rep by its Director, Mr.T. Senthilkumarn, Door No.10, Thanikachalam Road, T.Nagar, Chennai-600 017. ….Applicants -Vs- |
| 1. | The Authorized Officer, Bank of Baroda, Regional Stressed Assets Recovery Branch, Chennai Metro Region, 1stFloor, No.10, C.P. Ramaswamy Road, Alwarpet, Chennai-600 018. |
| 2. | The Branch Manager, Bank of Baroda, SIET College Avenue Branch, 54,Barathidasan Road, Teynampet, Chennai-600 018. |
| 3. | Ms. T.Shanmugapriya, D/o Late Mr. Thyagarajan, Door No.10, Thanigachalam Road, T.Nagar, Chennai-600 017. …Respondents |
| Counsels on record / appeared: | |
| Counsel for Applicant : M/s. Kaushik N Sharma Counsel for Respondents 1 & 2 : M/s. E.Vijayaraghavan |
|
| Counsel for 3rdrespondent : M/s S.L. Sudarsanam |
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SA No.60 of 2023
07.02.2024
ORDER
order, if any granted and subsisting till this day stands vacated and all other IAs, if any pending stands closed.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 07th day of February, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the SARFAESI application should be disposed of as infructuous since the bank withdrew proceedings after recovering dues.
Mr. T Senthil Kumaran
M/s. Sky Lift Cargo Pvt.Ltd.
M/s. Air Lift Associates
The Authorized Officer, Bank of Baroda
The Branch Manager, Bank of Baroda, SIET College Avenue Branch
Ms. T.Shanmugapriya
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
