Debts Recovery Tribunals and Appellate Tribunals
S Dhanraj vs YES BANK on 22 October 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
RA (SA) 63/2025
S.Dhanraj V/S A.O., Yes Bank Ltd
22/10/2026
Learned Counsel for both sides are present.
When the matter is taken up, Learned Counsel for Appellant submits that Appellant is taking steps to settle the matter with the Respondent Bank. Learned Counsel for Respondent Bank also submits that since the Appellant has been stating that the Appellant is going to settle the matter, the Respondent Bank is not executing the orders obtained under Section 14 of the SARFAESI Act, 2002.
In view of the submissions made by the Learned Counsel appearing for the Parties, this Tribunal directs the Appellants to make use of this opportunity and directs the Registry to refer the matter to the ensuing Lok Adalat scheduled to be held on 31.10.2026 for an amicable settlement between the Parties.
Learned Counsel for the Respondent Bank is directed to inform the Bank to depute a responsible officer to participate in the proceedings of the ensuing Lok Adalat on 31.10.2026.
Call on 11.11.2026. Sd/-
Chairperson