V. Kannan v. Canara Bank
Case brief
What is this about?
This application challenging a sale notice under the SARFAESI Act was dismissed as infructuous because the scheduled auction failed to attract bidders, rendering proceedings belated.
What did the court decide?
The Securitization Application is dismissed as infructuous. All interim orders granted stand vacated.
What the court decided
SA No.664/2025
1
11.03.2026
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 11th day of March, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
SARFAESI APPLICATION No. 664 of 2025
Mr.V.Kannan S/o Mr.KK.Venkatraman, Flat No.3A, Ramaniyam Raja, New No.35, Old No.18, Venkatrathinam Nagar, Adyar, Chennai -600020. ….Applicant
-Vs-
- CANARA BANK
Rep.by its Authorized Officer and Chief Manager, SME Perungudi Branch, No.130 and 131, Burma Colony, Perungudi, Chennai -600096.
2. CANARA BANK
Parties & counsel
- applicant
V. Kannan
- respondent
Canara Bank
Coram
S.V. Gowramma
Case details
As recorded by the court registry
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