Yes Bank v. Vasantha
Case brief
What is this about?
The Debt Recovery Tribunal granted an interim order on an application for attachment of property. Directing respondents to furnish security or face property attachment within 15 days.
What did the court decide?
Show cause why security of Rs.26,83,943/- should not be furnished within 15 days; conditional attachment of respondent property ordered.
What the court decided
IA 1265/25 in OA 307/2025
01.07.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 01st day of July, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
I.A. No.1265 of 2025 in O.A. No. 307 of 2025
Yes Bank Limited Parrys Branch Dass India Towers, Second Line Beach 3, Beach Road, Parry’s Corner Geroge Town, Chennai – 600 001 Rep. by its Authorised Signatory ….Applicant
-Vs-
- Vasantha R
- W/o Rajapandi
Flat No.F3, First Floor, New No.18 Bank Colony, 2nd Street, MMC, Near Pal Pannai
Issues for consideration
3 issues framed by the court
Whether to grant an order of attachment or require security pending disposal of the recovery application.
Whether the third defendant is likely to dispose of property to frustrate debt recovery.
Whether a prima facie case exists for an interim order restraining alienation of property.
Parties & counsel
- applicant
Yes Bank Limited
- respondent
Vasantha R
- respondent
Rajapandi N
- respondent
K. Sudhakar Babu
Coram
Case details
As recorded by the court registry
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