Np Murugan v. Axis Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed the appeal as withdrawn because the appellant settled the loan account through OTS and filed a memo to that effect.
What did the court decide?
The appeal and IA 267/2026 are dismissed as withdrawn.
What the court decided
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.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 20th Day of May, 2026
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 267/2026 (Delay) In AIR (SA) 149 of 2026 (Arising out of IA 343/2025 in SA No.123/2025 on the file of DRT-II, Chennai)
Between
M/s. NP Murugan, Rep. by its Proprietor – NP Murugan, S/o Perumal, T/A-23 Anna Fruit Market, Wholesale Market Complex, Fruit Market, Block No. 65, Koyambedu, Chennai 600 092. ..…Appellant
And
The Authorized Officer, M/s. Axis Bank Ltd., Retail Assets Centre, 4th Floor, Arcot Plaza, Now No. 38, Old No. 165, Arcot Road, Kodambakkam, Chennai 600 024. ` …..Respondent
Counsel for Appellant : M/s. V. Karthikeyan Counsel for Respondent : ---
1
ORDER
Parties & counsel
- appellant
M/s. NP Murugan
- respondent
The Authorized Officer, M/s. Axis Bank Ltd.
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 331090001492026
- Topic
- Banking and Recovery
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