In this transferred money recovery application, the Debts Recovery Tribunal disposed of the applicant bank's claim as settled out of court after the respondents paid Rs. 2,85,00,000 under an out-of-court settlement scheme, denying costs.
OA disposed as settled out of court without costs; pending interlocutory applications closed.
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. 538 of 2023 13.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 13th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.538 of 2023
(Originally filed before DRT- II, Chennai as OA No. 60 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.538 of 2023)
Punjab National Bank, No. 150, Luz Church Road, Mylapore, Chennai – 600 004.
And presently A/c is in Circle Sastra Centre, Anna Salai, Chennai – 600 002.
….Applicant
Vs
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TA No. 538 of 2023 13.11.2023
Counsels on record / appeared:
Counsel for Applicant : Sh. Nattarajan Gopinath
ORDER
enclosed postal receipts evidencing the same.
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 13th day of November, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Punjab National Bank
Mr. Ramakrishnan Kandaraj
Mrs. R. Senthamarai
Mr. K. Balaji Srinivasan
Mr. K. Rangarajan
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
