The Debts Recovery Tribunal dismissed the SARFAESI application filed by the applicant challenging actions taken by the respondent financial institution under Section 14 of the SARFAESI Act to obtain physical possession of property, holding the procedure lawful.
The SARFAESI application stands dismissed without costs; interim order is vacated.
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SA No. 83 of 2023
21.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of March, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No. 83 of 2023
Mrs.T.Selvaraj,
No.2/373, A Main Road, Villiyanallur, Kuthalam Taluk, Mayiladuthurai – 609 801. ….Applicant
-Vs-
M/s. Bajaj Finance Limited, Rep. by its Authorized Officer, Mr.Varadaraj, Unit No.209,210,
2nd Floor Alpha Wing, Beta Wing, Raheja Towers, No.177, Anna Salai, Chennai – 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. U. Kathiravan Counsel for Respondent : M/s. M. Arunachalam
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SA No. 83 of 2023
21.03.2024
ORDER
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SA No. 83 of 2023
21.03.2024
(Dictated to Stenographer, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of March, 2024)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER
1 issue framed by the court
Whether the SARFAESI application challenging the measures under Section 14 of the SARFAESI Act, upheld by the learned Civil Judge (Junior Division), has any merits.
Mrs. T. Selvaraj
M/s. Bajaj Finance Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
