The Debt Recovery Tribunal disposed of Sale Notice Application No. 15 of 2025 as infructuous, holding that grounds were to be adjudicated in a pending Sale Notice Application No. 4/2025.
The sale notice application was declared infructuous and disposed of. Defendant No. 1 relieved of expenses. Parties to bear own costs.
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.
IN THE DEBTS RECOVERY TRIBUNAL –I AT CHENNAI
Dated this 13th Day of October, 2025
PRESENT: SHRI A.S.JAYACHANDRA
Presiding Officer
S.A. No.15 of 2025
M/s.Gemini Foundation Private Ltd., Rep. by its Director Mr.R.Shyamn Kumar, Plot No.B-60-63, PIPDIC Industrial Estate, Mettupalayam, Pondicherry – 605009.
. . . Applicant
Versus
Saidapet, Chennai – 600015.
Also at:Temple Tower, 2nd Floor, No.672, Anna Salai, Nandanam, Chennai – 600035.
. . . Defendants
1
: - PROCEEDINGS DATED 13.10.2025 - :
Applicant by Shri Srinivasan Adv. a/w Shri Jaishankar, Adv.files the AOS.
D1 by Shri R. Imayavaramban, Adv. a/w Rohith Tony Adv.
D2 not served- returned as “No such Person” in the Address.
D 3 is served – none appears called out – absent. Hence placed exparte.
Heard the ld counsel
2
urged becoming infructuous. The legal grounds are kept open to be adjudicated in the SA 4/2025. In the backdrop, the present SA stands disposed of by the following
SA stands disposed of as becoming infructuous and all the grounds in this petition is kept open to be adjudicated in the pending SA 4/2025.
The Defendant No.1 shall not debit any expenses arising out of the sale notice in the present SA – questioned.
Parties to bear their own costs.
A copy of this order be communicated to the parties as per Rules.
Sd/- (A.S.JAYACHANDRA) PRESIDING OFFICER DRT-I, CHENNAI
(Dictated to Assistant who typed in the system, corrected, signed and pronounced in open court on this 13th Day of October, 2025)
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M/s. Gemini Foundation Private Ltd.
The Authorised Officer, LIC Housing Finance Ltd.
M/s. JDA Consultancy Services Pvt. Ltd.
M/s. Jaya Pushpam Investments and Trading Pvt. Ltd.
A.S. Jayachandra
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
