The Tribunal disposed of an Original Application filed by Bank of Baroda for recovery of a sum. The bank accepted an Out of Court Settlement offer made by the respondents during pendency and remitted the principal amount, leading to the case being treated as settled.
Application treated as settled out of court; case closed without costs; refund of court fee 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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T.A. No. 568 of 2023
03.10.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 03rd day of October, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 568 of 2023
(Originally filed before DRT- II, Chennai as OA No.40 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.568 of 2023)
Bank of Baroda Saidapet Branch AGS Towers, 1st Floor, No. 2, Abdul Razak, 1st Street, Saidapet, Chennai – 600 015. ….Applicant
-Vs-
Rep. by its partners No.24 / 7, Chakrapani, 2nd street,
Narasingapuram Ext., Maduvangarai,
Chennai – 600 032.
Also at, No.8 / 48, 2nd Floor, Mohanapuri, 2nd Street, Brindavan Nagar,
Adambakkam, Chennai – 600 088.
Also at
No.74B, 1st Floor, 1st street, TNHB Colony, Velacherry, Chennai – 600 042.
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T.A. No. 568 of 2023
03.10.2023
Also at
Old No.16 & 17, New No. 41 & 43 Gangai Amman Koil Street Choolaimedu, Chennai – 600 094.
Also at
No.104, Susee Avenue, Karanai Puducherri, Kanchipuram – 603 202. ….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. S.Pandurangan
ORDER
Rs.1,32,94,105.44p together with future interest and costs.
as settled out of Court, however without costs. All other interlocutory applications, if any
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T.A. No. 568 of 2023
03.10.2023
pending shall stand closed. Applicant bank to take appropriate 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 03rd day of October, 2023)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
Bank of Baroda Saidapet Branch
R.I. GROUP and others
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
