IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 23^rd day of April, 2025 PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON RA (SA) 44/2023 (arising out of SA 86/2020 on the file of DRT-II, Chennai)

Between

1. Mrs. S. Malathi, W/o Sourirajan, No.555/3, Methu Street, Kamarajar Nagar, Thellar 604 406.

Thiruvannamalai District.

2. Mr. T.S. Kamalesh, S/o Sourirajan, No.555/3, Methu Street, Kamarajar Nagar, Thellar 604 406.

Thiruvannamalai District.

…..Appellants And

1. The Authorised Officer, M/s Indian Overseas Bank, 2/278, Vandavasi Tindivanam Main Road, Thellar, Tamil Nadu 604 406.

2. Mr. N.K. Kalidas, S/o Kuttaya Gounder, 116, Ponnapillai Street, Nerkundram Village, Vayalamur Post, Thiruvannamalai District 604 400.

…..Respondents Counsel for Appellants : M/s R.K.M. Suresh & Adhitya D.

Counsel for 1^st Respondent Bank : Mr. P.H. Vinodh Pandian Counsel for 2^nd respondent : Mr. Arun Pradeesh K.

ORDER

1. This appeal is filed under Section 18 of the SARFAESI Act, challenging the order passed by Learned Presiding Officer, DRT-II, Chennai dated 30.3.2023 passed in SA No.86/2020.

2. Challenging the sale notice issued by the first respondent dated 28.2.2020, appellants filed SA 86/20