A debt recovery tribunal disposed of an SARFAESI application challenging a sale notice, as the applicant submitted that the borrower had settled the account with the respondent under an Out-of-Court Settlement (OTS).
The SARFAESI application is disposed; interim orders vacated; no costs awarded.
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.94 of 2024
23.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 23rd day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.94 of 2024
Mr. G. Ravanan S/o. Late Mr. S. Gnanasundaram Flat No.A2, No.26/24, Crescendo Apartment Desika Road, Mylapore Chennai-600 004. ….Applicant
-Vs-
The Authorized Officer, Sundaram Home Finance Limited Office No.21, Patullos Road, Chennai-600 002. ….R espondent
C ounsels on record / appeared:
Counsel for Applicant : M/s. Antony. L. X. Selvam Counsel for Respondent : M/s. K.J. Parthasarathy
ORDER
is filed on behalf of applicant submitting therein that during the pendency of SA, borrower had approached respondent bank and settled the loan account under OTS
and hence applicant may be permitted to withdraw the SA. Thus submitting, Ld. counsel prayed for passing necessary orders.
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SA No.94 of 2024
23.04.2024
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
G. Ravanan
The Authorized Officer, Sundaram Home Finance Limited
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
