Yes Bank v. Shankar
Case brief
What is this about?
The Debt Recovery Tribunal allowed an interim application by Yes Bank Ltd. to appoint an Advocate Commissioner to seize respondents' commercial vehicles, alleging an attempt to defraud recovery dues via third-party disposal of loan-hypothecated assets.
What did the court decide?
Sh. Akshai Mani appointed as Advocate Commissioner to seize vehicles; remuneration fixed at Rs.25,000/- payable by applicant.
What the court decided
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of February, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
I.A. No.2389 of 2025 in O.A. No. 960 of 2025
M/s Yes Bank Limited Tiruchirapalli Branch B 11, Star Towers 11th Cross Colony Road Thillai Nagar, Tiruchirappalli – 620 018 Rep. by its Authorised Signatory
….Applicant
-Vs-
- Sankar. S
S/o Sengamalam No.3/31C Kela Street, Manakudiyan Senthurai, Near Jio Tower
Ariyalur – 627 719
- Manjula W/o Sankar No.3/31C Kela Street, Manakudiyan Senthurai, Near Jio Tower Ariyalur – 627 719 …..Defendants
Issues for consideration
2 issues framed by the court
Whether to appoint an Advocate Commissioner to seize vehicles pending disposal of the original application for recovery.
Whether the applicant bank satisfies the conditions for obtaining interim relief via an Advocate Commissioner amidst alleged disparity and dispossession.
Parties & counsel
- applicant
M/s Yes Bank Limited Tiruchirapalli Branch
- respondent
Sankar S
- respondent
Manjula
Coram
Case details
As recorded by the court registry
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