Debts Recovery Tribunal allowed an application for settlement out of court in a banking recovery matter where respondents paid the full claim amount under One Time Settlement during pendency.
Application disposed of as settled out of court; outstanding claim treated as fully settled without costs.
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. 294 of 2023 08.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.294 of 2023
(Originally filed before DRT- II, Chennai as OA No. 326 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.294 of 2023)
State Bank of India, Retail Assets Central Proceeding Centre, MRC Nagar, No. 4, Santhome High Road, Mylapore, Chennai – 600 004. Rep. by its Chief Manager.
….Applicant
Vs
Counsels on record / appeared:
Counsel for Applicant : M/s. Suresh Law Associates
ORDER
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TA No. 294 of 2023 08.11.2023
as settled out of Court, however without costs. All other interlocutory applications, if any pending shall stand closed.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 08th day of November, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
State Bank of India
Mr. D. Chandrasekar
Mrs. Aparna Chandrasekar
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
