Naveen T v. Hdfc Bank
Case brief
What is this about?
This order dismissed the SARFAESI application as infructuous because the application sought to set aside a sale notice for a sale that never materialized, rendering the prayer infructuous and the undervaluation challenge time-barred.
What did the court decide?
Application dismissed as infructuous; pending IAs disposed of in terms of this order.
What the court decided
1
SA. No. 526 of 2024(E)
07.02.2025
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 07th day of February, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
SARFAESI APPLICATION No. 526 of 2024
Mr. Naveen T No-119, Lord Govindas Nagar, Anna Salai, Chennai – 600 002. ….Applicant
-Vs-
The Authorised Officer, HDFC Bank Limited, 1st Floor, ITC Centre, 760, Anna Salai, Chennai, Tamil Nadu- 600 002. ….Respondent
Counsels on record / appeared:
Counsel for Applicant : M/s. S. Raman Counsel for respondent : M/s. K.J. Parthasarathy
Issues for consideration
1 issue framed by the court
Whether a challenge to the sale notice can be maintained when the sale has not materialized and the application seeks undervaluation which is time-barred.
Parties & counsel
- applicant
Mr. Naveen T
- respondent
The Authorised Officer, HDFC Bank Limited
Coram
S.V. Gowramma
Case details
As recorded by the court registry
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