Renuka v. Federal Bank
Case brief
What is this about?
The Debts Recovery Tribunal dismissed a Securitization Application filed to set aside steps taken under the Security Interest (Enforcement) Rules 2002. The court found the bank complied with SARFAESI Act requirements and served the demand notice properly.
What did the court decide?
Application dismissed; no order as to costs.
What the court decided
Fair Order
IN THE DEBTS RECOVERY TRIBUNAL - 1 AT ERNAKULAM
DATED THIS 20th DAY OF AUGUST, 2025
PRESENT: Su. WILLYAHM, B.Sc., M.L. [DISTRICT JUDGE - Retd] PRESIDING OFFICER
S.A No.52 of 2025
Between
Renuka, Kuyyalil House, Thiruvallur, Ponmeri P.O., Vadakara, Kozhikode-41.
--- Applicant
And
The Authorized Officer, Federal Bank, Federal Towers, Mavoor Road, Arayadathu Palam, Kozhikode -16.
--- Defendant
This Securitization Application coming on 18.06.2025 for final hearing before me in the presence of Mr. Jithendran S., Counsel appearing for the Applicant and Mr. Madhusoodanan Counsel appearing for the defendant and upon hearing arguments of learned Counsels for both the parties and upon perusing the material on records, this Tribunal delivered the following:
Issues for consideration
2 issues framed by the court
Whether the defendant bank complied with statutory requirements under Section 14(1) of SARFAESI Act, 2002.
Whether the demand notice was properly served to all borrowers.
Parties & counsel
- applicant
Renuka
Coram
Su. WILLYAHM
Case details
As recorded by the court registry
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