The Tribunal disposed of an Outsider Transfer Settlement (OTS) claim. The defendants surrendered part of the dues, leading the Tribunal to treat the case as settled out of court without costs.
The OA claim is treated as settled out of Court, however without costs.
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.310/2022 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. 310 of 2022
Punjab & Sind Bank Mogappair Branch No.2, 403, Seethakathi Salai Block 12, Block 3, J.J.Nagar, Mogappair East, Chennai – 600 037 Rep. By its Manager. ....Applicant
Versus
Ashok Nagar
Chennai – 600 083. Tiruvallur District.
Tiruvallur District. ....Defendants
Counsel for Applicant : Mr.P.Reghu Raja.
O R D E R
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OA No.310/2022 09.01.2023
of Rs.26,05,653/- 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 9th day of January, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Punjab & Sind Bank, Rep. By its Manager
D.Pushparaj
D.Pugazhenthi
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
