K Malarkodi v. State Bank of India
Case brief
What is this about?
The Debts Recovery Tribunal dismissed the Applicant's Securitization Application under SARFAESI Act as infructuous because the auction sale did not take place following an interim stay order. The Court also held the Applicant's claim regarding lack of security for unsecured loans to be unsustainable.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
SA No.168/2024
10.08.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of August, 2026
Present: SMT. S.V. GOWRAMMA
Presiding Officer
SA No. 168 of 2024
Smt. K. Malarkodi, W/o R. Kalaivanan No.28/1, North Agraharam Valangaiman – 612 804. Tiruvarur District.
…Applicant
-Vs-
The Authorised Officer, State Bank of India, Kumbakonam Main Branch - 00864, 136-137 TSR Big Street, Kumbakonam – 612 001. Thanjavur District.
Issues for consideration
2 issues framed by the court
Whether a Securitization Application filed to challenge a sale notice is maintainable when the auction sale did not take place due to compliance with an interim order.
Whether the Applicant is entitled to challenge the enforcement of security interest for unsecured housing and education loans under the Equitable Mortgage.
Parties & counsel
- applicant
Smt. K. Malarkodi
- respondent
The Authorised Officer, State Bank of India, Kumbakonam Main Branch
Coram
S.V. GOWRAMMA
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court