This appeal was dismissed as settled. The appellants filed a memo stating settlement with the respondent, which was conceded by the respondent's counsel, leading to the dismissal of the appeal.
Appeal dismissed as settled. Each party to bear own costs.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 20th day of April, 2026
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 882/2025 (Delay) in AIR 833/2025
(arising out of IA No. 1690/2025 in SA 358/2025 on the file of DRT, Coimbatore)
Between
No. 3, Andal Layout, Ayyar Hospital Road, Coimbatore South, Coimbatore – 641 005
….. Appellants
And
M/s. Hinduja Leyland Finance Limited, No. 89, Ansari Street, Ram Nagar, Coimbatore – 641 009
….. Respondent
Counsel for appellants : M/s. G.V. Law Associates & Co. Counsel for Respondent : M/s. Kvp. Deepak Raj & Co.
ORDER
Learned Counsel for both sides are present.
When the matter is taken up, Learned Counsel for Appellants filed a Memo stating that
the matter has been settled with the Respondent and seeks permission for closing this appeal as settled.
Learned Counsel for the Respondent Institution also concedes to the settlement.
In the light of the settlement and the Memo filed, this appeal is dismissed as ‘settled out
of the Tribunal’.
Both the parties are directed to bear their own costs.
Sd/-
(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
Ms. Sri Thirukumaran Agencies
K. Aravindh
Hari Prashanth
Hinduja Leyland Finance Limited
G. CHANDRASEKHARAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
