Debts Recovery Tribunal heard an interim application seeking stay of proceedings following an alleged irregular auction sale under SARFAESI Act. The respondent bank asserted completion of sale formalities. The Tribunal found no grounds for interim relief and dismissed the application.
The Interlocutory Application No.602 of 2026 is dismissed. No order as to costs.
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IN THE DEBTS RECOVERY TRIBUNAL – II AT CHENNAI
Dated this 19th day of June, 2026
PRESENT: SHRI SHARANG DHAR UPADHYAY Presiding Officer
IA No.602 of 2026 in SA No.195 of 2026
Versus
The Authorised Officer HDFC Ltd., ITC Centre No.760, Anna Salai Chennai – 600 002 …Respondent / Respondent
ORDER
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unless this Tribunal interferes and grants an order of stall of all further proceedings pursuant to the impugned auction sale the petitioners rights will be greatly prejudiced.
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11. Accordingly, the following:
ORDER
IA No.602 of 2026 is dismissed. No order as to costs.
Sd/(SHARANG DHAR UPADHYAY) PRESIDING OFFICER DRT-II CHENNAI
(Dictated to PS, who typed in the system directly, corrected, signed and pronounced by me in Open Court, on this 19th day of June, 2026)
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2 issues framed by the court
Whether the Tribunal is inclined to grant an interim stay of proceedings despite the sale being confirmed, certificate issued and registered.
Whether the alleged violation of SARFAESI Act provisions warrants immediate interference at this interlocutory stage.
Mr. Anbarasu Munusamy and Smt. M. Vijayalakshmi
The Authorised Officer HDFC Ltd.
SHARANG DHAR UPADHYAY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
