The Debt Recovery Tribunal disposed of an original application for money recovery as settled out of court. The applicant bank accepted an out-of-court settlement (OTS) involving full and final settlement of the claim via remittance of Rs.44 Lakhs by the respondents.
The OA claim to be treated as settled out of Court; registry to return documents to the applicant bank.
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.
1
O.A No. 263 of 2022
31.08.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 31st day of August, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
ORIGINAL APPLICATION No. 263 of 2022
Indian Bank, Represented by its Senior Manager, No.386, Panneer Nagar, Mogappair, Chennai – 600 037.
….Applicant Vs.
No. PC 1/10, Pari Salai, Mogappair East,
Chennai – 600 037.
Perambur, Chennai – 600 039.
Counsels on record / appeared: Counsel for Applicant : M/s. R. Jagadeesan
2
O.A No. 263 of 2022
31.08.2023
Counsel for Defendants 4 & 5 : M/s. J. Srinivasan
ORDER
(Dictated to Steno (GS), transcribed by her, corrected, signed and processed through E-drt on this the 31st day of August, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Indian Bank
M/s. Udhagai Daily Needs
Mr. T. Senthil Kumar
Mr. D.J. Mani
Mr. D. Karthiban
Mr. D. Chandra Mohan
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
