Disposed

City Union Bank Limited v. Yaaas Enterprisa

DRT12 Dec 2023OA/26/2022

Case brief

AI extract

What is this about?

Debts Recovery Tribunal disposed of an Original Application filed by a bank for recovery of funds. The court allowed the claim as settled out of court after defendants remitted the full claim amount, directing the return of original documents issued in the matter without awarding costs.

What did the court decide?

OA treated as settled out of court without costs; original documents to returned to applicant.

City Union Bank Limited versus Yaaas Enterprisa — Execution and Attachment | DRT (2023)

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OA No. 26 of 2022 12.12.2023

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IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI

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Dated this the 12^th day of December, 2023

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Present: Shri Ganapathi K.R.K. Presiding Officer

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ORIGINAL APPLICATION No. 26 of 2022`

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City Union Bank Ltd Rep. by its Branch Manager Manali Branch No.60, Parthasarathy Street Chinnasekkadu, Manali Chennai – 600 068 …. Applicant

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1. M/s Yaaas Enterprisa

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A sole proprietary business of Mr.A.Akbar Basha No.160, Nedunchezian Salai

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Manali

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Chennai – 600 068

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2. Mr.A.Akbar Basha

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S/o Shaik Ansar No.158, Nedunchezian Salai Manali, Chennai – 600 068

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3. Mrs.Momalajan Akbar Basha W/o Mr.A.Akbar Basha No.158, Nedunchezian Salai Manali, Chennai – 600 068

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4. Mr.A.Mohammed Im Tiaz

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S/o Mr.A.Akbar Basha No.158, Nedunchezian Salai Manali, Chennai – 600 068

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5. Mrs.E.Shakila

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W/o Mr.A.Mohammed Im Tiaz No.158, Nedunchezian Salai Manali, Chennai – 600 068 .... Defendants

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OA No. 26 of 2022 12.12.2023

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Counsels on record / appeared:

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Counsel for Applicant : M/s. R.S.Varadarajan Counsel for defendants : M/s. P.V.Murlidhar

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ORDER

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This OA is filed by applicant bank for recovery of a sum of Rs.2,27,61,082/together with future interest and costs.

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A memo vide SR.No.13291/2023 is filed on behalf of applicant bank submitting therein that during pendency of the above OA, defendants have approached applicant bank for settlement and accordingly defendants have remitted a sum of Rs.2,27,61,082/- 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 and prayed for return of original documents filed along with OA (Ex.A-01 to Ex.A-33). Copy of full satisfaction memo is served on defendants, who have acknowledged the same by affixing their signature on the memo.

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Heard. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. Registry is directed to return original documents filed along with proof affidavit to applicant bank under proper acknowledgment as per extant guidelines. All other interlocutory applications, if any pending shall stand closed.

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OA No. 26 of 2022 12.12.2023

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With the above observations, OA stands disposed.

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(Dictated to Steno (DD), corrected, signed and processed by me through e-drt, on this the 12^th day of December, 2023)

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Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER

City Union Bank Limited v. Yaaas Enterprisa

Case brief

What is this about?

What did the court decide?

City Union Bank Limited v. Yaaas Enterprisa

Case brief

What is this about?

What did the court decide?

What the court decided

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