The Debts Recovery Tribunal allowed the applicant bank's request to treat an ongoing recovery application as settled out of court after the defendants remitted the full settlement amount, disposing the matter without costs.
OA claim treated as settled out of Court; 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. 723 of 2023
05.07.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 05th day of July, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 723 of 2023
(Originally filed before DRT- II, Chennai as OA No.138 of 2018 and thereafter transferred to this Tribunal and renumbered as TA No.723 of 2023)
Union Bank of India, Overseas Branch, First Floor, Union Bank Bhawan, No. 139, Broadway, Chennai – 600 108. ….Applicant
Vs
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T.A. No. 723 of 2023
05.07.2023
Mr. S. Chockalingam Pillai
No. 48, SIPCOT Industrial Complex, Ranipet – 632 402, Vellore District
And also branch office at G-3, Ganesh Flats, No. 127, Secretariat Colony, 4th Street, Kilpauk, Chennai – 600 010. ….Defendants
(*Amended as per I.A. No. 414/2018 dated 09.07.2023)
Counsels on record / appeared:
Counsel for Applicant : M/s. V. Sivakumar Counsel for Defendants 2 to 4 : M/s. Surana & Surana
ORDER
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T.A. No. 723 of 2023
05.07.2023
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 05th day of July, 2023)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
1 provisions across 1 enactments
Union Bank of India
M/s Nag Leathers Pvt. Ltd.
S. Chockalingam Pillai
Mrs. C. Shanmugathammal
Mr. C. Jagdeesh
Nag Yang Shoes Pvt Ltd.
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
