The Debts Recovery Tribunal disposed of the SARFAESI application noting that the underlying account had been settled between the parties, which was consented to by the applicants' counsel.
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1
SA. No. 442 of 2023
14.02.2025
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of February, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
SARFAESI APPLICATION No. 442 of 2023
-Vs-
.
2
SA. No. 442 of 2023
14.02.2025
Counsels on record / appeared:
Counsel for Applicant : M/s. Thomas T Jacob Counsel for respondent : M/s. M. Ajmal Azzath
ORDER ON SA 442 /2023
2 Both the counsels present. The Respondent institution submitted that the SA was filed by applicant challenging S.14(1) order dated 19.07.2023 passed by the Ld. CJM, in Vide Crl.M.P. No. 3607 of 2026. Bank Counsel has filed a memo reporting that
the account has been settled. Applicant Counsel also consents the settlement.
(Dictated to the Stenographer, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of February, 2025)
Sd/-
S.V. GOWRAMMA PRESIDING OFFICER-DRT III
S. Gowtham Raja
S. Karthick Raja
M/s. Indo Star Capital Finance Limited
Kavin Agencies
E. Merlin Thompsone
S.V. Gowramma
As recorded by the court registry
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