The Debts Recovery Tribunal, Chennai, disposed of the recovery application as settled out of court after the applicant bank accepted an offer for settlement via property sale and remittance, granting relief without costs.
The OA claim is treated as settled out of Court without costs. Applicant bank to refund eligible Court fee.
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.74 of 2023 26.10.2023
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 26th day of October, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
O.A. No. 74 of 2023
M/s.City Union Bank Limited, Nagore Branch, Rep. By its Branch Manager, Mr.I.Halith, No.598, Main Road, Nagore – 611 002 Nagapattinam District. .....Applicant
Versus
Counsels on record / appeared:
Counsel for Applicant : M/s.Hasmukh S Surana.
O R D E R
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OA No.74 of 2023 26.10.2023
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 26th day of October, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
M/s.City Union Bank Limited
M/s.Sri Sakthi Industries
Mrs.A.Manimalar
Mr.V.Ashokavarman
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
