The Debt Recovery Tribunal allowed the applicant bank's application to dispose of the recovery proceeding as settled out of court, where respondents paid Rs.12 lakh via compromise memo during the pendency of the case without costs being awarded.
OA disposed of as settled out of court without costs.
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TA No. 1909 of 2023 20.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.1909 of 2023
State Bank of India
Rep. by its Chief Manager Retail Assets Central Processing Centre, MRC Nagar, No. 4, Santhome High Road, Mylapore, Chennai – 600 004. ….Applicant
Vs
1. Marx Alexander J
S/o. A. Irudayaraj, No.1/942, Lenin Street, Bavani Nagar, Red Hills, Chennai – 600 005.
2. Mr. Irudayaraj, S/o. S. Anthony, No.1/942, Lenin Street, Bavani Nagar, Red Hills, Chennai – 600 005. .... Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. Suresh Law Associates
ORDER
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TA No. 1909 of 2023 20.11.2023
proposal amount of Rs.12,00,000/- on 22.09.2023 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 prayed for passing necessary orders.
as settled out of Court, however without costs. All other interlocutory applications, if any pending shall stand closed.
(Dictated to Steno (DD), corrected, signed and signed and processed by me through e-drt, on this the 20th day of November, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
State Bank of India
Marx Alexander J
Mr. Irudayaraj
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
