The application challenging a sale notice under the SARFAESI Act was dismissed as withdrawn following confirmation that the scheduled auction date had passed without a successful sale, rendering the petition infructuous.
The SARFAESI application is dismissed as withdrawn. Any interim order stands vacated and other pending IAs are 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.
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SA No.682 of 2023
06.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 06th day of February, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.682 of 2023
M/s. MARG Ltd., Rep by its authorized Signatory, Mr. K.S.Gajendra Babu, 1 5/26, Kottur Gardens, Adyar House, Kotturpuram, Chennai-600 085.
Now Presently having its registered office at, Sri Sai Subhodaya Apartments, Basement No.57/2B, East Coast Road, Thiruvanmiyur, Chennai-600 041. ….Applicant -Vs-
The Authorized Officer, Edelweiss Asset Reconstruction Company Ltd., Having its registered office at, Edelweiss House, Off C.S.T. Road, Kalina, Mumbai-400 098. … Responden t
Counsels on record / appeared:
ORDER
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SA No.682 of 2023
06.02.2024
sale which was scheduled to be held on 02.01.2024 was unsuccessful and thus the present SA challenging the sale notice has become infructuous. Hence it is prayed that applicant may be permitted to withdraw the SA.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 06th day of February, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. MARG Ltd.
The Authorized Officer, Edelweiss Asset Reconstruction Company Ltd.
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
