IN THE HIGH COURT OF JUDICATURE AT MADRAS
Honourable The CHIEF JUSTICE
PRIYADHARSINI ATHREYA – Appellant
Versus
THE AUTHORIZED OFFICER – Respondent
ORDER
(Order of the Court was made by the Hon'ble Chief Justice)
Heard learned counsel for the parties.
2. This petition is directed against the order passed by the Debt Recovery Appellate Tribunal (DRAT), by which the petitioner's appeal against the order passed by the Debts Recovery Tribunal (DRT) was dismissed.
3. The instant petition has been filed by the petitioner aggrieved by the measures taken by the bank in the matter of recovery of loan advanced to the borrower, the second respondent herein, in respect of which, the petitioner, admittedly, stood as a guarantor.
4. Indisputedly, the borrower was declared as Non-Performing Asset (NPA) by the bank, as the borrower failed to repay the installments according to the schedule. The borrower having failed to challenge any steps taken by the bank, including declaration of the borrower's account as NPA, the bank was left with no other option, but to initiate proceedings towards recovery of the loan amount and, for that purpose, the bank had issued notice of possession on 05.09.2019. Aggrieved upon the receipt of notice of possession, the petitioner approached the DRT by moving an application under Section 17 (1) of the Securitisation an
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