Kayaar Exim v. Hdfc Bank
Case brief
What is this about?
The Debts Recovery Tribunal disposed of the Section 17 application challenging an e-auction notice as infructuous because the respondent bank had accepted an One-Time Settlement proposal and the auction did not proceed.
What did the court decide?
SA disposed of as infructuous; all pending IAs disposed of; interim stay vacated.
What the court decided
SA No.826/2024
12.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 12th day of March, 2025
Present: SMT. S.V. GOWRAMMA
Hon’ble Presiding Officer
SARFAESI APPLICATION No. 826 of 2024
- M/s. KAYAAR EXIM,
Represented by its partner, Mr. Khimji M Patel No. 2/1, Sattana Naicken Street, Second Floor, Choolai, Chennai – 600 003.
- Mr. Ashok R. Patel, S/o. Mr. Ratanshi M Patel, No. 82/1, New No. 105/1, Sydenhams Road, Periamet, Near Park Town Signal, Chennai – 600 003 --Applicants
-Vs-
Parties & counsel
- applicant
M/s. KAYAAR EXIM
- applicant
Mr. Ashok R. Patel
- respondent
The Authorized Officer, HDFC Bank Limited
Coram
Case details
As recorded by the court registry
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