This Single Appeal SA No.96 of 2022 was dismissed by the Debts Recovery Tribunal, Chennai. The applicants failed to establish any infirmity in the bank's procedure when issuing a possession notice for recovery of dues. The court proceeded to dismiss the appeal without costs.
Single Appeal dismissed without costs; interim order vacated.
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.96 of 2022
14.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
SARFAESI APPLICATION No.96 of 2022
-Vs-
1. The Authorized Officer, Union Bank Of India, Madambakkam Branch, Madambakkam Main Road, Near Hansa Garden, Madambakkam, Chennai-600 073.
2. The Branch Manager, Union Bank Of India, Madambakkam Branch, Madambakkam Main Road, Near Hansa Garden, Madambakkam, Chennai-600 073. …Respondents
C ounsels on record / appeared: Counsel for Applicant : M/s. T.Raghavan Counsel for Respondent : M/S. G.V Anjaneya Babu
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SA No.96 of 2022
14.02.2024
ORDER
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SA No.96 of 2022
14.02.2024
stands closed. Applicants may prosecute their negotiations in terms of their submissions for any settlement with respondent bank.
guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 14th day of February, 2024)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether impugned possession order issued by the bank is susceptible to infirmity.
M/s. Sri Mariamman Stores
Mr. R.Sriram
Mrs. S.Seetha Lakshmi
The Authorized Officer, Union Bank Of India
The Branch Manager, Union Bank Of India
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
