The Debts Recovery Tribunal disposed of an outstanding application by settling the claim. The bank accepted a One Time Settlement from the defendants, who remitted Rs. 95 lakhs. The OA was treated as settled out of court without costs, and court fees were refunded.
The OA was treated as settled out of court without costs. Court fee refund was 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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TA No. 1712 of 2023 21.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.1712 of 2023
(Originally filed before DRT- I, Chennai as OA No. 333 of 2020 and thereafter transferred to DRT-II Chennai and renumbered as TA No.546/2023 and subsequently, transferred to this Tribunal and renumbered as TA No.1712 of 2023)
M/s. Canara Bank, Anna Salai, Saidapet, Chennai – 600 015.
….Applicant
Vs
Mannadi, Chennai – 600 001.
.... Defendants
Counsels on record / appeared:
Counsel for Applicant : Mr. M.S. Viswanathan
ORDER
together with future interest and costs.
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TA No. 1712 of 2023 21.11.2023
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 21st day of November, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Canara Bank
M/s. SLV Enterprises
Vijesh Xavier
Mohamed Iqbal
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
