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Mm Traders versus Idbi Bank — Banking and Recovery | DRAT (2025)

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DRAT
2025
Mm Traders versus Idbi BankMm Traders v. Idbi Bank

Dismissed

Mm Traders v. Idbi Bank

DRAT18 Mar 2025MISC APPEAL/37/2023

Case brief

AI extract

What is this about?

Hayr

What the court decided

AI extract

A

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

Dated the 18^th day of March, 2025

PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN

CHAIRPERSON

MA 37/2023 (Arising out of IA 764/2022 in T.A.No.567/2023 on the file of DRT-II, Chennai)

Between

MM Traders, No. 36, Sriperumbudur High Road, Manavala Nagar, Tiruvallur – 602 002. … Appellant

And

IDBI Bank Ltd,

Rep. by its DGM,

No. 37, P.M. Towers,

Greams Road, Chennai – 600 006.

Parties & counsel

AI extract

appellant
MM Traders
respondent
IDBI Bank Ltd

Coram

AI extract

G. Chandrasekharan

Case details

As recorded by the court registry

Court: DRAT
Decided on: 18 Mar 2025 · March
Case no.: MISC APPEAL/37/2023
CNR: 331090013042023

All orders in this case

6 orders share this CNR

12 Oct 2023Order 1 · R. Sathyanarayanan
18 Oct 2023Order 2 · R. Sathyanarayanan
20 Nov 2023Order 3 · R. Sathyanarayanan
4 Dec 2023Order 4 · R. Sathyanarayanan
13 Dec 2023Order 5 · R. Sathyanarayanan
18 Mar 2025Order 6 — this page · G. Chandrasekharan

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Cite this judgement

Mm Traders v. Idbi Bank, MISC APPEAL/37/2023 (DRAT), decided on 18 March 2025.

The Debt Recovery Appellate Tribunals publishes no neutral citation for this judgement — cite it by case number and date of decision.

Bench / Coram

G. Chandrasekharan

Parties & counsel

Outcome

Dismissed

A compact analysis

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.

Mr. K. Gangaprasad,

Plot No. 45/4, Kunal Garden, TVS Avenue, Akkarai Village,

Sholinganallur, Chennai – 600 019.

Mr. GV Rao,

NS-2, 8-2-269/19/S/D, Lavakusha Residency, Road No. 2, Banjara Hills, Hyderabad – 500 034. …Respondents Counsel for Appellant : Mr. Rahul Jain Counsel for Respondent 1 : M/s. Shivakumar and Suresh

R2 & R3 are given up

1

ORDER

Ld. Counsel for appellant and Ld. Counsel for R1 bank are present.

When the matter is taken up, Ld. Counsel for the appellant sought permission to withdraw this appeal. Ld. Counsel also made an endorsement to that effect in the appeal book.

Permitted. In view of the endorsement made for withdrawing the appeal, this appeal MA 37/2023 is dismissed as withdrawn. The Ld. Presiding Officer, DRT – II, Chennai is directed to dispose of the TA 567/2023 as expeditiously as possible.

Sd/-

(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON

2

Topic

Banking and Recovery

Bench

G. Chandrasekharan

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