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2018 Supreme(Mad) 385

S.MANIKUMAR, V.BHAVANI SUBBAROYAN
N. S. Suresh – Appellant
Versus
Authorised Officer, Vijaya Bank, ARM Branch, Chennai – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: D. Venkateswaran

JUDGMENT :

S. Manikumar, J.

1. Borrower has challenged the e-auction notice, dated 2/2/2018, which is extracted hereunder:-

Property for E-auction

It is notified for all concerned that the following property is secured in favour of Vijaya Bank, Indira Nagar, Chennai Branch and as secured creditor taken possession under SARFAESI Act, 2002 will be sold by e-auction on 17/2/2018, "as is where is and as is what is basis" for recovery of Bank dues. This is a notice to the borrower/s and to the guarantor/s of the below said loan about the holding of E-Auction sale on the said dates. If their outstanding dues are not repaid in full by the said auction date.

Name and Address of Borrower/s, Mortgagor/s and Guarantor/s:

1. Borrower/Mortgagor: Mr. N.S. Suresh, S/o. Sundaram,

2. Co-borrower: Mrs. S. Rajalakshmi, W/o. N.S. Suresh, Both residing at No.43/8 G1 Arun Flats, Raja Street, RA Puram, Mylapore, Chennai 600 028.

2. Amount due to the Bank: Rs.37,80,968.96/- (Rupees Thirty Seven lakhs Eighty thousand Nine hundred sixty eight and paisa ninety six only) as on 30/1/2018 along with further inte























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