The Debt Recovery Tribunal disposed of an original application filed by a bank for recovery without adjudicating on the merits, holding that the matter was settled out of court as the defendants remitted the agreed settlement sum.
Application disposed of as settled out of Court without costs; documents marked in evidence returned to the applicant bank.
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.
1
TA No. 1661 of 2023 14.09.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of September, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1661 of 2023
(Originally filed before DRT- II, Chennai as OA No.342 of 2019 and thereafter transferred to this Tribunal and renumbered as TA No.1661 of 2023)
Bank of India, Chennai Main Branch, No.30, Errabalu Street, Chennai – 600 001. Rep. by its Constituted Attorney ….Applicant
Vs
Also at:
#15/3, M.B.T.Road Cross, Ranipet, Vellore – 632 401.
2
TA No. 1661 of 2023 14.09.2023
Also at: No.10/145, Rasulpettai Village, Banavaram Via, Arakkonam Taluk.
Also at:
34-B, V P Koil Street, Palaniept Post, Arakonam Taluk, Vellore District.
Also at 1/69, Gandhi Street, Manthangal Mottur, Ranipet, Vellore District.
Also at: 145A/1, Mottur, Panavaram Post, Arakonam Taluk, Vellore District.
3
TA No. 1661 of 2023 14.09.2023
Counsels on record / appeared:
Counsel for Applicant : M/s.S.R.Sudhanraj.
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of September, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 issue framed by the court
Whether the obligation to adjudicate on the original application is discharged by the submission of an offer of settlement and acceptance thereof by the applicant.
Bank of India, Chennai Main Branch
M/s.Saaqib Leather Industry
Mrs.S.Aamira Sulthana
Mr.J.Mohammed Eclaus
Mr.B.Sharfuddin
Mr.J.Jahangeer
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
