The applicant bank filed an original application for recovery of dues. During pendency, the bank and respondents settled out of court via an One Time Settlement scheme. The Tribunal disposed of the application as settled without costs.
OA disposed of as settled out of Court without costs.
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O.A. No. 178 of 2023
18.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of January, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
ORIGINAL APPLICATION No. 178 of 2023
Yes Bank Ltd, Parrys Branch Dass India Towers, No.3, Second Line Beach Road, Parry’s Corner, George Town, Chennai – 600 001, Rep. by its Authorised Signatory ….Applicant
Vs
Chennai – 600 037.
Chennai – 600 037. ….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. Deepak Raj
ORDER
therein that during pendency of the above OA, defendants have approached applicant
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O.A. No. 178 of 2023
18.01.2024
bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.24 lakhs towards full and final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court and also prayed for refund of Court fee.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 18th day of January, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Yes Bank Ltd
M/s. Sri Maruthi Exports Proprietor – Mohan
Ramani
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
