Canara Bank v. K Murugesan
Case brief
What is this about?
The Debt Recovery Tribunal disposed of an out-of-court settlement application filed by Canara Bank against the defendant, ratifying that the defendant had remitted Rs. 28 lakhs towards full and final settlement.
What did the court decide?
The OA claim is treated as settled out of court, bearing no costs.
What the court decided
1
TA No. 704 of 2023 12.10.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 12th day of October, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 704 of 2023
(Originally filed before DRT- II, Chennai as OA No.251 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.704 of 2023)
M/s.Canara Bank, Rep. by its Senior Manager, Park Town Branch, No.22, Shydenhams Road, Chennai – 600 003. ….Applicant
Vs
K.Murugesan, S/o.Karuppiah, No.68/2, Acharappan Street, Kothawal Bazaar, Chennai – 600 001. ….Defendant
Counsels on record / appeared:
Counsel for Applicant : M/s.K.Anbarasan.
Parties & counsel
- applicant
M/s. Canara Bank
Coram
Shri Ganapathi K.R.K
Case details
As recorded by the court registry
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