Yes Bank v. Smk and Co.
Case brief
What is this about?
The Debt Recovery Tribunal disposed of Original Application No. 304 of 2023 as settled outside the Tribunal. A settlement sum of Rs. 45 lakhs was received by the applicant bank on 30.03.2024, satisfying the disputed claim.
What did the court decide?
OA disposed of as settled; refund of Court Fee allowed to the extent permissible under the Rules.
What the court decided
OA No.304 of 2023
28.08.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 28th day of August, 2024
Present: SHRI A. S. JAYACHANDRA Presiding Officer (In – charge)
ORIGINAL APPLICATION No. 304 of 2023
M/s. 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-
- M/s. SMK & Co, Represented by its Proprietor – M. Mahaveer No.81, New No. 157, Corel Merchant Street, Mannady, Chennai – 600 001.
Parties & counsel
- applicant
M/s. Yes Bank Ltd
- respondent
M/s. SMK & Co
- respondent
M. Mahaveer
Coram
Case details
As recorded by the court registry
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