The Debt Recovery Appellate Tribunal at Chennai dismissed debt recovery appeal MA 7/2020 as withdrawn after the appellant's counsel obtained permission and confirmed settlement.
The appeal was dismissed as withdrawn. Pending IAs stood closed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 8th day of January, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
MA 7/2020 ( arising out of IA 1291/2019 in TA No.1018/2017 on the file of DRT-II, Bangalore)
Between
Having its Regd. Office at
Hospet Road, Sandur, Bellary District, Karnataka.
Partner, M/s V.S. LAD & SONS,
Appellants 2 to 4 are at:
Prashanth Niwas, Krishna Nagar, Sandur, Bellary District, Karnataka.
…..Appellants
And
1
Respondents 4 to 6 are at:
House of Lads, Palace Road, Sandur, Bellary District, Karnataka.
2
And one of its Branch Offices at:
No.12, 1st Cross, 1st Main Dollars Colony, NTI Layout, RMV Extension II Stage, Bangalore 560 094.
…..Respondents Counsel for appellants : M/s Abhinav Parthasarathy & Co. Counsel for R1 Bank : M/s M.L. Ganesh & Co.
R2 to R7 are given up.
ORDER
Ld. Counsel for appellants and Ld. Counsel for R1 is present.
Ld. Counsel for appellants sought permission to withdraw this Appeal as matter is settled between the parties and made an endorsement to that effect in the Appeal Memo. Permission is accorded.
In view of the endorsement, Appeal MA 7/2020 is dismissed as withdrawn. Pending IAs, if any, stand closed.
Sd/(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
3
The Managing Partner, Mr. Eknath V. Lad
Mr. Eknath V. Lad
Mr. Santosh S. Lad
Mr. Vishwas U. Lad
Punjab National Bank, Corporate Branch
The Managing Partner, M/s V.S. LAD & SONS
G. Chandrasekharan
As recorded by the court registry
14 orders share this CNR
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