Idbi Bank v. Saravanavadivel Sivasubramaniam
Case brief
What is this about?
The Debts Recovery Tribunal disposed of an original application for recovery filed by IDBI Bank. The Tribunal allowed the applicant's prayer to treat the application as settled out of court after the defendants remitted a sum towards full and final settlement during the pendency of the matter, adjudicating without costs.
What did the court decide?
The Original Application was disposed of as settled out of court without costs.
What the court decided
1
TA No. 649 of 2023 15.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 15th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.649 of 2023
(Originally filed before DRT- II, Chennai as OA No. 53 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.649 of 2023)
M/s. IDBI Bank Ltd., Rep. by its Branch Manager, Periyar Nagar Branch, No.B-26, Karthikeyan Salai, Periyar Nagar, Chennai – 600 082.
….Applicant
-Vs-
- Mr. Saravanavadivel Sivasubramaniam, S/o Sivasubramaniam, No.45 C, Medavakkam Main Road, Behind Vignesh Opticals, Puzhithivakkam, Chennai – 600 091.
Parties & counsel
- applicant
M/s. IDBI Bank Ltd.
- respondent
Mr. Saravanavadivel Sivasubramaniam
- respondent
Mrs. S. Brindha
Coram
Case details
As recorded by the court registry
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