Smt Koneru Kasi Ratnam v. Indian Bank
Case brief
What is this about?
Held infructuous as auction not materialized. Application under Section 17 SARFAESI Act dismissed due to lack of cause of action.
What did the court decide?
Securitization Application dismissed as infructuous; permission to bank to proceed afresh for auction granted.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD
DATED THIS THE 2ND DAY OF MAY, 2C25
PRESENT: GUMMADI GOPICHAND, PRESIDING OFFICER
sA.No.40/2022
Smt. KoneruKasiRatnam, W/o Mr.Radhakrishna Murthy, Aged 80 years, Occ:house wife, R/o H.No .24-64, West lrbahimpatnam, Vijayawada-S21 456.
... Applicant
l.lndain Bank, Rep. by its Authorized officer Barkatpura branch,
H. No. 3-4 -499 &,3 -4 -7 64, Near BarkatpuraChaman, Barkatpura, Hyderabad.
2.Mls Auroflow Infra Reality P.Ltd., Rep. by its director Mr.Murali Krishna Kocharla Kota, S/ o Mr.VenkatrayuduKocharla Kota, Flat No.78, Marigold L&T, Serene County, Gachibowli, Hyderabad-sOO 032.
Respondents
Counsel for the Applicant : Sn D. Raghauulu
Counsel for the T"tRespondent : Sn R. V. Subba Rao Respondent No.2 Exparte
Issues for consideration
2 issues framed by the court
whether the applicant established valid grounds for challenging the auction sale notice issued by the bank?
whether any relief is entitled given the material status of the sale notice due to stay on auction?
Parties & counsel
- applicant
Smt. Koneru Kasi Ratnam
- respondent
Indian Bank
- respondent
M/s Auroflow Infra Realty Pvt. Ltd.
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Krishna Gopal Dwivedi
- Order 2 — this page · G. Gopichand
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