The Debts Recovery Tribunal disposed of a recovery application filed by a bank defendant, as it remitted funds regularizing their loan account with liberty for future actions.
OA treated as not pressed; disposed without costs; liberty granted to bank for future action on default.
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. 1349 of 2023 19.06.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of June, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1349 of 2023
(Originally filed before DRT- II, Chennai as OA No.375 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.1349 of 2023)
M/s.Union Bank of India, Rep. by its Branch Manager, Chennai Main Branch, Ground Floor, Union Bank Bhavan, 139, Broadway, Chennai – 600 108. ….Applicant
Vs
Mr.Vinoth Kumar Shanmugam, Y-61, 8th Street, Anna Nagar West, Chennai – 600 040.
Also at:
Mr.Vinod Kumar Shanmugam, Flat No.F-1, SFS Flats, Annai Theresa Nagar Main Road, Urapakkam, Chennai – 603 202. ….Defendant
Counsels on record / appeared:
Counsel for Applicant : M/s.S.Parthasarathy.
ORDER
together with future interest and costs.
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TA No. 1349 of 2023 19.06.2023
by the borrower. All other interlocutory applications, if any pending shall stand closed.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of June, 2023)
Sd/ (GANAPATHI K.R.K) PRESIDING OFFICER
2 issues framed by the court
Whether the application for recovery be allowed in light of the regularization of the loan account by the defendants.
Whether the claim for recovery stands dismissed as not pressed without costs.
M/s. Union Bank of India
Mr. Vinoth Kumar Shanmugam
Mr. Vinod Kumar Shanmugam
GANAPATHI K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
