Idbi Bank v. Srinivasan
Case brief
What is this about?
Debts Recovery Tribunal disposed of an original application filed by a bank for recovery as settled out of court after defendants remitted a sum towards full and final settlement under an out-of-court settlement scheme during the pendency.
What did the court decide?
The OA claim is disposed of as settled out of Court, however without costs.
What the court decided
1
TA No. 1793 of 2023 20.09.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of September, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1793 of 2023
(Originally filed before DRT- II, Chennai as OA No.180 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.1793 of 2023)
M/s.IDBI Bank Limited, Rep. by its Authorised Officer K.Nithya Prabha, Plot No.780, Door No.3, Munusamy Salai, K K Nagar, Chennai – 600 078. ….Applicant
Vs
- Mr.N.Srinivasan, S/o.B.Nallathambi, No.16, Union Carbide Colony, Old Pallavaram,
- Chennai – 600 117.
- Mr.B.N.Senthil Kumar, S/o.B.Nallathambi, No.16, Union Carbide Colony, Old Pallavaram, Chennai – 600 117.
Parties & counsel
- applicant
M/s.IDBI Bank Limited
- respondent
Mr.N.Srinivasan
- respondent
Mr.B.N.Senthil Kumar
- respondent
Mr.B.Nallathambi
- respondent
Mrs.Savithri
- respondent
Case details
As recorded by the court registry
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