The Tribunal disposed of an Order Application filed by a bank for recovery of dues. The court treated the claim as settled out of court after the defendants remitted the agreed settlement amount under a One Time Settlement scheme.
The Order Application was treated as settled out of court; the claim closed without award of 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. 1036 of 2023 10.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1036 of 2023
(Originally filed before DRT- II, Chennai as OA No. 61 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.1036 of 2023)
Punjab National Bank, Branch Office: No. 150, Luz Church Road, Mylapore, Chennai – 600 004/
Now A/C Migrated to Asset Recovery Management Branch, (ARMB) Rep. by its Chief Manager. No. 46-49, PNB Towers, Mezzanine, Royapettah High Road, Royapettah, Chennai – 600 014. ….Applicant
-Vs-
Rep. by its Partners, Mrs. R. Senthamarai, Mr. Ramakrishnan Kandaraj, Mr. K. Balaji Srinivasan, Mr. K. Rangarajan, Plot No. 56, 1/6, Moorthy Nagar, 2nd Street, Chettiagaram, Porur, Chennai – 600 116.
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TA No. 1036 of 2023 10.11.2023
S/o. N.V. Kandraaj, No. 5, Krishnaswamy Avenue, Luz Church Road, Mylapore, Chennai – 600 004.
Counsels on record / appeared:
Counsel for Applicant : M/s. Nattarajan Gopinath
ORDER
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TA No. 1036 of 2023 10.11.2023
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 10th day of November, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
Punjab National Bank
M/s. Yemkay & Co.
Mrs. R. Senthamarai
Mr. Ramakrishnan Kandaraj
Mr. K. Balaji Srinivasan
Mr. K. Rangarajan
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
