On 28.10.2024, the Debts Recovery Tribunal disposed of an application for recovery of Rs.84,62,722.33 filed by Bank of Baroda against respondents. The application was set aside as the dispute was fully settled outside the Tribunal with payment recorded.
The original application OA No.185 of 2024 stands disposed of as settled outside the Tribunal.
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.
OA No.185 of 2024
28.10.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 28th day of October, 2024
Present: SHRI A. S. JAYACHANDRA Presiding Officer (In – charge)
ORIGINAL APPLICATION No. 185 of 2024
Bank of Baroda Rep by its Chief Manager, ROSAR Branch No.10, Dr. C. P. Ramasamy Road, 1st Floor, Alwarpet, Chennai – 600 018.
…. Applicant
-Vs-
Also at:
No. 1, 2nd Street, Nehru Nagar, Adyar, Chennai – 600 020.
Also at:
No. 141, Level 2, Agnito Tech Park, Kandanchavadi, Perungudi, OMR, Chennai – 600 096.
Also at:
No. 141, Level 2, Agnito Tech Park, Kandanchavadi, Perungudi, OMR, Chennai – 600 096.
OA No.185 of 2024
2
28.10.2024
Also at: No. 5, Phase 2, Egret Park, Anand Nagar Extension, Thuraipakkam, Chennai – 600 097.
Also at: No. 141, Level 2, Agnito Tech Park, Kandanchavadi, Perungudi, OMR, Chennai – 600 096.
Also at:
No. 5, Phase 2, Egret Park, Anand Nagar Extension, Thuraipakkam, Chennai – 600 097. .....Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. S. Panduragan None for defendants
PROCEEDINGS DATED 28.10.2024
Ld. Counsel for the applicant bank submits that they have filed the Memo of
Settlement dated 18.09.2024, which is filed on 24.09.2024 and the same is endorsed by
the Chief Manager of the bank, wherein it is recorded that:-
fully and finally and that the same is satisfied.
OA No.185 of 2024
3
28.10.2024
ORDER
A copy of this order be sent to all the parties concerned.
Sd/(A.S. JAYACHANDRA)
PRESIDING OFFICER (In-charge)
(Dictated to Steno, who typed in the system, corrected, signed and pronounced in Open Court, on this 28th day of October, 2024)
1 issue framed by the court
Whether the present Debt Recovery Tribunal application should be disposed of upon the full payment of the settlement amount via a Memo of Settlement.
Bank of Baroda
M/s. KVM Advisory Services Pvt. Ltd.
Mr. K.V. Madhan
Mrs. Radha Madhan
A. S. Jayachandra
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
