Bank of Baroda v. Ramaswamy
Case brief
What is this about?
The Tribunal granted conditional attachment and a second charge on the respondent's immovable property secured to Bank of Baroda pending disposal of the recovery application, directing the respondent to furnish security within 15 days.
What did the court decide?
Conditional attachment of schedule properties and a second charge in favor of the applicant bank, subject to prior encumbrances.
What the court decided
IA No.1936/25 in OA No.563/25
19.01.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of January, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
I.A. No.1936 of 2025 in O.A. No. 563 of 2025
Bank of Baroda, ROSARB Branch, Chennai Metro Region, No. 10, C.P. Ramasamy Road, 1st floor, Alwarpet, Chennai - 600 018, Represented by its Authorised Officer ….Petitioner/Applicant
-Vs-
Mr. N. Ramaswamy, S/o. Mr. Navaneetha Krishnan, Residing at No. 100, Door No. 6, 5th Street, Vivek Nagar, Perungalathur, Kancheepuram - 600 063 and
Flat No. S1, Second Floor, Plot No. 61, Baby Nagar, Madampakkam Village, Kundrathur, Kancheepuram - 603 202 ….Respondent/Defendant
Issues for consideration
2 issues framed by the court
Whether to grant attachment before judgment and conditional attachment of property to secure bank dues pending disposal of original application.
Whether to allow creation of a second charge over the respondent's property after satisfying prior encumbrances.
Parties & counsel
- applicant
Bank of Baroda, ROSARB Branch, Chennai
- respondent
N. Ramaswamy
Coram
S.V. Gowramma
Case details
As recorded by the court registry
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