R Suresh v. City Union Bank Limited
Case brief
What is this about?
Application to set aside SARFAESI sale notice dismissed as infructuous. Court held no tenable infirmities were established against the bank’s procedure.
What did the court decide?
Application dismissed without costs; interim orders vacated; other pending IAs closed.
What the court decided
1
SA No. 76 of 2023
26.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
SARFAESI APPLICATION No.76 of 2023
Mr. R. Suresh S/o. M. Ramu No.30, Ganga Apartment Palayam Bazar, Woraiyur, Trichy- 620 003. ….Applicant
-Vs-
The Authorized Officer City Union Bank Ltd., Credit Recovery and Management Department “Narayana” Administrative Office, No.24 B. Gandhi Nagar, Kumbakonam – 612 001 ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. Om Sai Ram Associates Counsel for Respondent : M/s. Hasmukh S. Surana
Issues for consideration
1 issue framed by the court
Whether the SARFAESI application can be allowed when the auction was not held despite the applicant's compliance.
Parties & counsel
- applicant
R. Suresh
- respondent
City Union Bank Ltd.
Coram
Ganapathi K.R.K.
Case details
As recorded by the court registry
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