The Debt Recovery Tribunal addressed an out-of-court settlement in an OA filed by a bank for debt recovery. The court accepted the defendants' remittance as full and final settlement, disposing of the matter without costs.
OA treated as settled out of Court; disposed of without costs; other pending interlocutory applications 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.
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OA No.226/2020 09.01.2023
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 9th day of January, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
O.A. No. 226 of 2022
State Bank of India Tiruvallur ADB Branch Rep. By Branch Manager, No.173, J.N.Road,
Tiruvallur – 602 001. ....Applicant
-Vs-
S/o.Varadan 4/52, Pillaiyar Koil Street, Kanchipadi, Mavoor, Tiruttani Taluk – 631 204 Tiruvallur District.
4/52, Pillaiyar Koil Street, Kanchipadi, Mavoor, Tiruttani Taluk – 631 204
Tiruvallur District. ....Defendants
Counsel for Applicant : M/s.D.Mukundan.
O R D E R
above OA, defendants have approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendants had remitted a sum
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OA No.226/2020 09.01.2023
of Rs.15,63,526.85p on 29.10.2022 towards full and final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court.
as settled out of Court, however without costs. All other interlocutory applications, if any
pending shall stand closed.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 09th day of January, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
State Bank of India Tiruvallur ADB Branch
V.Krishnan
K.Mani
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
