This debtor recovery tribunal disposed of an operative arbitration by the applicant because the defendants settled the claim through an out-of-court settlement agreement and paid the agreed amount, thus satisfying the debt.
The Open Arbitration was disposed of as settled out of court, 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.
1
OA No.322/2022 29.03.2023
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 29th day of March, 2023
Present: Shri Ganapathi K.R.K.
Presiding Officer
O.A. No. 322 of 2022
The Cosmos Co-operative Bank Ltd. Madipakkam Branch Plot No.2, New No.3, Ground Floor, Defence Colony, Medavakkam Main Road, Madipakkam, Chennai – 600 091. Rep. by its Chief Manager, Mr.Vivek Inamdar.
….Applicant
Versus
Chennai – 600 088.
2
OA No.322/2022 29.03.2023
Chennai – 600 088. ....Defendants
Counsel for Applicants: M/s.NVS & Associates.
O R D E R
October, 2021 to December, 2022. Accordingly, defendants had complied with the terms of OTS towards full and final settlement of the OA claim and that no amount is due and pending from defendants. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 29th day of March, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
The Cosmos Co-operative Bank Ltd.
M/s.Dr.Parthasarathy Memorial Hospital
Mr.P.Karthick
Mrs.J.Saranya
Mr.S.Aravind
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
