Debts Recovery Tribunal Chennai disposed of an application filed by Punjab National Bank for recovery of a loan sum without costs, upon the court record confirming the claim was settled out of court via the One Time Settlement Scheme.
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. 1051 of 2023 22.11.2023
IN THE DEBTS RECOVERY TRIBUNAL- III, CHENNAI
Dated this the 22nd day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.1051 of 2023
(Originally filed before DRT- II, Chennai as OA No. 47 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.1051 of 2023)
Punjab National Bank, Head Office at: Plot No.4, Sector 10, Dwarka, New Delhi – 110 075.
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
1. M/s. Ayshwarya Constructions,
Rep. by its Proprietress Ms. R. Ayshwarya,
No. 5, Krishnaswamy Avenue, Luz Church Road,
Mylapore, Chennai – 600 004.
2. Ms. R. Ayshwarya,
D/o. Ramakrishnan Kandaraj, Proprietress, M/s. Ayshwarya Constructions, No. 5, Krishnaswamy Avenue, Luz Church Road,
Mylapore, Chennai – 600 004.
3. Mr. Ramakrishnan Kandaraj,
S/o. V. Kandaraj,
No. 5, Krishnaswamy Avenue, Luz Church Road, Mylapore, Chennai – 600 004.
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TA No. 1051 of 2023 22.11.2023
4. Mrs. R. Senthamarai,
Luz Church Road, Mylapore, Chennai – 600 004. .... Defendants
Counsels on record / appeared:
Counsel for Applicant : Mr. Nattarajan Gopinath
ORDER
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TA No. 1051 of 2023 22.11.2023
(Dictated to Steno (DD), transcribed by her, corrected, signed and processed by me through e-drt, on this the 22nd day of November, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
Punjab National Bank
M/s. Ayshwarya Constructions
Ms. R. Ayshwarya
Mr. Ramakrishnan Kandaraj
Mrs. R. Senthamarai
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
