The Tribunal disposed of an application by the Authorized Officer of IDBI Bank challenging a sale notice. Noting that the subsequent auction sale did not materialize, the Tribunal held the application infructuous and dismissed it.
Sale notice challenge dismissed as infructuous due to non-materialization of sale; 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.
SA No.128/2022
10.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of March, 2025
Present: SMT. S.V. GOWRAMMA
Hon’ble Presiding Officer
SARFAESI APPLICATION No. 128 of 2022
Tirumala Tirupathi Devasthanams, T.T.D. Admin. Buildings, K.T. Road, Tirupati – 517 504. Represented by its Executive Officer, SHRI.K.S. JAWAHAR REDDY. …Applicant
-Vs-
Counsels on record / appeared:
Counsel for Applicant : Ld. Counsel Mr. K. Ravindranath Counsel for Respondent : Ld. Counsel Mr. Shivakumar & Suresh
: - ORDER ON SA.No. 128/2022- :
to the measures initiated by the Respondent Bank. It is the case of the
SA No.128/2022
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10.03.2025
applicant that the property bearing No. 58,59 and 60, Old Door No. 13/5,13/6 and 13/7 in Jermiah Road, Vepery, Chennai- 600 007, Purasaiwakkam – Perambur Taluk, as described under the sale notice dated 28.04.2021 was originally owned by Dr.C. Bhagya Lakshmi who is the wife of Lte. C. Chennakesavalu Chetty.
SA No.128/2022
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Court of Law which can be not be adjudicated under Section 17(1) of the SARFAESI Act.
(Dictated to stenographer (MS), after its transcription and necessary corrections, signed and order is passed on this day 10th day of March 2025.
Sd/S.V. GOWRAMMA PRESIDING OFFICER-DRT III
1 issue framed by the court
Whether the Special Application filed to set aside the sale notice has become infructuous since the sale was not materialized.
Tirumala Tirupathi Devasthanams
The Authorized Officer, I.D.B.I. Bank Limited
C. Jaichander
S.V. Gowramma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
