The RBI Appeals Tribunal allowed the appellant's request to withdraw appeal no. 8/2016 after it was stated that the loan account was written off. The appeal was consequently dismissed as withdrawn. Parties bear their own costs.
Permission to withdraw appeal granted; appeal dismissed as withdrawn; parties to bear own costs.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 11th of July 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
R.A.(SA): 8/2016
(Against the order in OA NO.323/2015 (Old OA No.103/2033 on the file of DRT-II, Chennai)
Betweem
State Bank of India, Represented by the Chief Manager, Services Branch, No.14, Whites Road, Chennai.14. ... Appellant
And
1
In I.A.No.149 of 2024)
…Respondents Counsel for Appellant : M/s. Ramalingam Associates Counsel for Respondents 1,2 & 4 : M/s. N.V.S. Associates
R3 – set exparte
ORDER
When the matter is taken up today, the learned counsel for the appellant filed a memo stating that the subject loan account was written off from their books and hence, they are not interested in proceeding with the appeal and seeks permission to withdraw this appeal.
Permission is accorded. The Appeal in RA (SA) 8/2016 is dismissed as withdrawn. Parties are directed to bear their own costs.
Pending I.A., if any, shall stand closed .
(Dictated to R.Anjalidevi, stenographer, in open Court, transcribed by her, corrected and signed by me this 11th of July 2025)
Sd/-
ra
(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
2
State Bank of India
The Royal Bank of Scotland N.V.
M/s. Pooja Creatins
Natwest Market Pvt. Ltd.
G. Chandrasekharan
As recorded by the court registry
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