V.J. Dhanapal v. Union Bank of India and Ors. C.R.P. (PD) No. 3697 of 2017

The present case was a revision petition filed by the petitioner borrower, V.J. Dhanapal, who was one of the partners of M/s. Haris Chicken which had been receiving financial assistance from the Union Bank of India, Bangalore. There was a default on his part, due to which the account of the borrower was classified as a Non-Performing Asset (NPA). Thereafter, the respondent bank issued an auction sale notice, fixing the date for sale on 27/9/2013. The petitioner challenged the notice due to non-compliance of the requirements under Section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act of 2002 before the Debt Recovery Tribunal (DRT) and the Debt Recovery Appellate Tribunal (DRAT), after which the petitioner borrower approached the Hon’ble High Court of Madras.

V.J. Dhanapal v. Union Bank of India and Ors. C.R.P. (PD) No. 3697 of 2017 - (mylawyersadvice.com)

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