The Debt Recovery Tribunal dismissed a SARFAESI application presented by mortgagors seeking quashing of a sale notice as it was voluntarily withdrawn by the applicants due to a contemplated settlement, issuing a cost-free order.
SARFAESI application dismissed; application withdrawn without costs; interim orders vacated; pending applications closed.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.625 of 2023
19.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.625 of 2023
No.13/2, D. Veerasamy Street, Periamet, Chennai-600 003.
-Vs -
The Chief Manager/Authorized Officer, Canara Bank, Asset Recovery Management Branch, 770A, 1st Floor, Spencer Towers II Buildings, Anna Salai, Chennai-600 002.. … Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. G. Sanjeevi
ORDER
respondent bank scheduling sale to 29.11.2023 for recovery of a sum of Rs.6,88,41,351.78p
2
SA No.625 of 2023
19.03.2024
2 Memo vide SR No.4104/23 is filed on behalf of applicant submitting therein that as applicant had approached respondent bank for a negotiated settlement, applicant may be permitted to withdraw the SA.
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Fahmitha Leather Exports
Mr. Mohammed Sheik
Mrs. Rahila Begum
Canara Bank
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
