The Debts Recovery Tribunal disposed of an original application filed by ICICI Bank for recovery. The application was settled out of court via an OTS arrangement where the defendant remitted Rs.5,12,415/-; the OA was allowed without costs.
The original application was disposed of as settled out of court; refund of court fee directed.
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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T.A. No. 1026 of 2023
27.07.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 27th day of July, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1026 of 2023
(Originally filed before DRT- II, Chennai as OA No.828 of 2018 and thereafter transferred to this Tribunal and renumbered as TA No.1026 of 2023)
ICICI Bank Limited, Rep by its Authorised Signatory, Mr. V. Prabhakaran, No. 1, Cenotaph Road, Teynampet, Chennai – 600 018.
….Applicant
Vs
Mr. K. Saravanan, S/o. Kanniyappan, Iswaryam Apartments, A Block G3, First Street, Chettiyar Agarram, Behind SRMC Hospital, Porur, Chennai – 600 077.
Also at, DB Schenker India Private Limited, No. 426/32a, 3d Killai Road, Manchampakkam, Chennai – 600 060.
Also at, Proprietor of M/s. Sai Impex, No. 12/14 Krishnamachari Nagar, 4th Street Valasaravakkam, Kadampathi Amman Kovil, Chennai – 600 087.
….Defendant
Counsels on record / appeared:
Counsel for Applicant : M/s. M. Ajmal Azzath
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T.A. No. 1026 of 2023
27.07.2023
ORDER
as settled out of Court, however without costs. All other interlocutory applications, if any pending shall stand closed. Applicant bank to take appropriate steps for refund of Court fee as per extant guidelines.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 27h day of July, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
ICICI Bank Limited
Mr. K. Saravanan
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
