The Dubai-based applicant bank sought recovery of a loan sum. During pendency, respondents or accommodated their claim under an out-of-court settlement scheme and remitted the dues. The Tribunal disposed of the original application as settled without awarding costs.
The Original Application was disposed of as settled out of Court 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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T.A. No. 356 of 2023
16.08.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 16th day of August, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 356 of 2023
(Originally filed before DRT- II, Chennai as OA No.263 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.356 of 2023)
Kotak Mahindra Bank Ltd.
Rep. by its Chief Manager Chennai – Parrys Corner Branch No.3, Dass India Tower 2nd Line Beach, Parrys Chennai – 600 001.
….Applicant
Vs
1. M/s. Annamalai Transport,
Rep. by its Proprietor S.Kannan, No.6/1A, Thiruvallur High Road,
CCBF (Post), Edapalayam,
Chennai – 600 052.
2. Mr S.Kannan
S/o Subburaj Beema Naidu No.6/1A, Thiruvallur High Road, CCBF (Post), Edapalayam, Chennai – 600 052.
3. Ms. Krishnaveni,
W/o. S.Kannan, No.6/1A, Thiruvallur High Road, CCBF (Post), Edapalayam, Chennai – 600 052.
….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. N. Somasundaar
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T.A. No. 356 of 2023
16.08.2023
ORDER
pending shall stand closed.
(Dictated to Steno (DD), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 16th day of August, 2023)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER
Kotak Mahindra Bank Ltd.
M/s. Annamalai Transport
S. Kannan
Krishnaveni
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
