The applicant bank withdrew its ongoing recovery application due to the regularization of the loan account by the respondents, seeking liberty to file a fresh application in case of future defaults.
OA disposed as withdrawn by applicant bank with liberty to file fresh OA in case of future default.
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.
TA No.638/2023
04.10.2023
1
IN THE DEBTS RECOVERY TRIBUNAL – III, CHENNAI
Dated this the 04th day of October, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
T.A. No. 638 of 2023
(Originally filed before DRT-II, Chennai as OA No.354/2022 and thereafter transferred to this Tribunal and re-numbered as TA No.638/2022)
M/s Kotak Mahindra Bank Limited 8th Floor, Zone-2, TVH Agnitio Park No.141, Old Mahabalipuarm Road Kandhanchavadi, Chennai – 600 096
….Applicant – Vs. –
Also at Mr. P. Kamalesh S/o Mr. Prabhakaran Flat – F-1, V- Block, 14th Street Anna Nagar, Chennai – 600 040
Also at Mr. P. Kamalesh S/o Mr. Prabhakaran No.62/63, Sri Raghavendra Nagar Ponniammanmedu, Madhavaram Chennai – 600 110
….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s Ramalingam & Associates
TA No.638/2023
2
04.10.2023
O R D E R
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 04th day of October, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
M/s Kotak Mahindra Bank Limited
Mr. P. Kamalesh
Mrs. P. Jeevakumari
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
