Axis Bank v. Anandan
Case brief
What is this about?
The Applicant bank filed an OA for recovery but later filed a memo stating the defendants settled the claim under the Out of Court Settlement Agreement (OTS) by remitting Rs.38 lakhs. The Tribunal allowed the OA as settled out of Court without costs.
What did the court decide?
The OA claim was treated as settled out of Court without costs, and the Court fee was to be refunded.
What the court decided
1
TA No. 744 of 2023 18.11.2023
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of November, 2023
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.744 of 2023
(Originally filed before DRT- II, Chennai as OA No.304 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No. 744 of 2023)
Axis Bank Limited, Retail Asset Centre, No.37, Nathella & Arcade, South Usman Road, T.Nagar, Chennai – 600 017. ….Applicant
-Vs-
- G.Anandan,
- S/o. A.Gandeeban, No.3, Chetty Street, Poonamallee,
Chennai – 600 056.
Parties & counsel
- applicant
Axis Bank Limited
- respondent
G.Anandan
- respondent
Mohanalakshmi Anandan
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court