LAWS(MAD)-2013-11-321

VISALAKSHI MILLS PVT LTD Vs. DEBTS RECOVERY TRIBUNAL AND ORS

Decided On November 28, 2013
Visalakshi Mills Pvt Ltd Appellant
V/S
Debts Recovery Tribunal And Ors Respondents

JUDGEMENT

(1.) Heard the learned counsel appearing on behalf of the review applicant, as well as the learned counsels appearing on behalf of the respondents.

(2.) The above review application has been filed praying that this Court may be pleased to review the order passed by this Court, dated 27.09.2007, made in W.P.(MD) No.6960 of 2007.

(3.) The review applicant had preferred the present application stating that the Authorized Officer, Indian Bank circle office, Madurai, the third respondent herein, had conducted the auction, in respect of the properties in question and had attempted to alienate the properties belonging to the applicant, fraudulently, by invoking the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as 'the SARFAESI Act').