The tribunal disposed of the debt recovery application by accepting the applicant bank's memo that the claim was fully settled out of court upon receipt of Rs.23.50 Lakhs via the Out of Court Settlement scheme, without granting costs.
The OA claim was treated 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.
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TA No. 1006 of 2023 21.09.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of September, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1006 of 2023
(Originally filed before DRT- II, Chennai as OA No.668 of 2019 and thereafter transferred to this Tribunal and renumbered as TA No.1006 of 2023)
Canara Bank Mowbrays Road Branch, TT Krishnamachari Road, Alwarpet,
Chennai – 600 018. Rep. by its Authorised Signatory. ….Applicant
Vs
Counsels on record / appeared:
Counsel for Applicant : M/s.Shree Law Services.
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TA No. 1006 of 2023 21.09.2023
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of September, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Canara Bank Mowbrays Road Branch
M/s.Jai Fortune Bakers & Confectioners
V.Jayakumar
J.Amudha
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
