Indian Bank v. Sivaraman
Case brief
What is this about?
Debts Recovery Tribunal allowed the petitioner bank's motion for condonation of 173-day delay in re-presenting an Original Application after office objections, conditionally reserving the issue of liability for contractual interest accrued during the default period.
What did the court decide?
Condonation of 173-day delay allowed conditionally; consideration of interest liability for the default period reserved for issuance of Recovery Certificate.
What the court decided
MA 86/24 in OA Dy.No.255/23 (OASR 1644/23)
25.04.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 25th day of April, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
M.A. No. 86 of 2024 in OA Dy. No.255/2023 (OASR No.1644/23)
M/s. Indian Bank Park Town Branch No.53, Raja Muthiah Salai Periamet, Chennai-600 003. .….Petitioner
-Vs-
1. M. Sivaraman S/o. Mr. Murugaiyan
2. M. Mahendran, S/o. Murugaiyan
Both residing at 2/2 First Floor, D Flat, Square Garden Chellammal Nagar Kalasathamman Koil Street Ramapuram, Tiruvallur – 600 089. …Respondents
Issues for consideration
1 issue framed by the court
Whether delay of 173 days in re-presenting an Original Application warrants condonation without imposition of costs.
Parties & counsel
- petitioner
M/s. Indian Bank Park Town Branch No.53
- respondent
M. Sivaraman
- respondent
M. Mahendran
Coram
Case details
As recorded by the court registry
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