State Bank of India v. Adithyan
Case brief
What is this about?
The DRT allowed an application by State Bank of India for attachment before judgment and direction to furnish security against a respondent-borrower to secure loan dues of Rs.25,65,240.
What did the court decide?
Conditional attachment of schedule property and direction to furnish security of Rs.25,65,240 within 10 days.
What the court decided
IA 1072.24 in OA 133.23
26.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of March, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
I.A. No.1072 of 2024 in O.A. No. 133 of 2023
State Bank of India, RACPC OMR BRANCH New No.4/952 & 4/952 A, 3rd Floor, Rajivgandhi Salai, Perungudi, Chennai — 600 096 ….Applicant
-Vs-
- Mr.P.Adithyan P S/o Mr.Perumal V
Having address at
- a. No.299, 5th Street, Periyakovilambakkam, Chennai- 600117
Issues for consideration
2 issues framed by the court
Whether to allow an application for attachment before judgment and direction to furnish security by the respondent-borrower.
Whether the balance of convenience favours the bank to attach the mortgaged property pending disposal of the original application.
Parties & counsel
- applicant
State Bank of India
- respondent
Mr.P.Adithyan P
Coram
Smt. S.V. Gowramma
Case details
As recorded by the court registry
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