In a transferred application for recovery of a duet, the tribunal recorded that the applicant bank recovered its entire dues via the IBC liquidation process. The tribunal disposed of the OA as settled out of court without costs.
The OA was disposed of as settled out of court without costs; applicant to refund court fee.
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.296 of 2023 12.10.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 12th day of October, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 296 of 2023
(Originally filed before DRT- II, Chennai as OA No.361 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.296 of 2023)
Bank of Baroda, Stressed Asset Management Branch, 4th Floor, JBAS Building, No.45, Moore Street, Chennai – 600 001. ….Applicant
Vs
Counsels on record / appeared:
Counsel for Applicant : M/s.Ramasubramaniam Raja.
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TA No.296 of 2023 12.10.2023
ORDER
as settled out of Court, however without costs. All other interlocutory applications, if any pending shall stand closed. Applicant bank to take necessary steps for refund of Court fee as per extant guidelines.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 12th day of October, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Bank of Baroda, Stressed Asset Management Branch
Mrs. Mradulla Gandhi
Mr. Ashish Manick
M/s. M.N. Horological Industries Pvt. Ltd.
Shri Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
