Dismissed

Export Import Bank of India v. M/S Haldia Coke and Chemicals Pvt. Ltd.

DRT16 Aug 2023TA/189/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal disposed of Transfer Application No. 189 of 2023, filed by the Export-Import Bank of India for recovery, upon confirmation by the applicant that the claim was settled out of Court via a one-time settlement scheme, without awarding costs.

What did the court decide?

OA treated as settled out of Court without costs; application for refund of court fees allowed; other pending interlocutory applications closed.

Export Import Bank of India versus M/S Haldia Coke and… — Banking and Recovery | DRT (2023)

TA No. 189 of 2023

16.08.2023

IN THE DEBTS RECOVERY TRIBUNAL- III, CHENNAI

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Dated this the 16^th day of August, 2023

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Present: Shri Ganapathi K.R.K.

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Presiding Officer

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TRANSFERRED APPLICATION No. 189 of 2023

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(Originally filed before DRT- II, Chennai as OA No.237 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.189 of 2023)

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Export-Import Bank of India Rep. by its Regional Head Mr.Madhusuthan J

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Reg. Office at: Centre One Building, floor 21 World Trade Centre Complex Cuffe Parade Mumbai – 400 005 Regional Office at: 4^th Floor, Overseas Towers 756/L Anna Salai Chennai – 600 002 ….Applicant

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M/s Haldia Coke and Chemicals Pvt Ltd Rep. by its Authorised Signatory Having its Reg. Office at: Sigapi Achi Building No.1B, 1^st Floor, 18/3 Rukmani Lakhsmipathi Salai Egmore Chennai – 600 008 ….Defendant

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Counsels on record / appeared:

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Counsel for Applicant : M/s.Shree Law Service Counsel for Defendant : M/s.Rahul Balaji

TA No. 189 of 2023

16.08.2023

ORDER

This OA is filed by the applicant bank for recovery of a sum of Rs.96,33,89,973/together with future interest and costs.

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Memo vide SR.No.9040/2023 is filed by applicant bank stating therein that during pendency of the above OA, defendants have approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.4,68,38,601/- towards full and final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court and applicant bank has also filed another memo praying for refund of court fees.

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Heard. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court (vide separate order), however without costs. Memo is signed by Deputy General Manager of the bank and Ld.Counsel for applicant. Registry is directed to verify the signatures and process refund of court fee as per extant guidelines. All other interlocutory applications, if any pending shall stand closed.

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4. With the above observations, OA stands disposed.

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(Dictated to Steno (DD), transcribed by her, corrected, signed and processed through e-drt, on this the 16^th day of August, 2023)

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Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER

Export Import Bank of India v. M/S Haldia Coke and Chemicals Pvt. Ltd.

Case brief

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Export Import Bank of India v. M/S Haldia Coke and Chemicals Pvt. Ltd.

Case brief

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