The Debts Recovery Tribunal disposed of a transferred application filed by a bank for debt recovery. The claim was settled out of court via On-Time Settlement (OTS) with partial payment remitted by the defendants.
OA treated as settled out of Court and disposed of without costs; Court fee refund 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. 204 of 2023 29.05.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of May, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 204 of 2023
(Originally filed before DRT- II, Chennai as OA No.360 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.204 of 2023)
Union Bank of India, Erstwhile Corporation Bank, Mint Street Branch, No.21, Nainiappa Naicken Street, Park Town, Chennai – 600 003. ….Applicant
Vs
Prop. of AJ & Co, No.115/42, 2nd Floor, Thiruvalluvar Salai, Teynampet, Chennai – 600 018.
Also at: Mrs.R.Suchitra, Prop. of M/s.Jothi Traders,
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TA No. 204 of 2023 29.05.2023
No.57/23, 4th Street, K.C.Garden, Pervaellore, Chennai – 600 082. ….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s.K.Sarath Babu.
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 29th day of May, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Union Bank of India, Erstwhile Corporation Bank
M/s.AJ & Co (Rep. by Mr.V.Ramesh)
Mr.V.Ramesh
Mrs.R.Suchitra
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
