The Debt Recovery Tribunal disposed of the recovery application as settled out of court. The bank accepted the settlement payment made by the respondents via the OTS scheme, and the OA claim was treated as settled without costs.
OA treated as settled out of court; documents returned to applicant bank; no costs awarded.
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.
1
O.A. No.85 of 2022
19.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of February, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
ORIGINAL APPLICATION No. 85 of 2022
M/s. Union Bank of India (Corporation Bank) Puducherry Branch Ground Floor, Savitha Plaza 100 Feet Road, (Near Indira Gandhi Statue) Pondicherry - 605 005.
….Applicant
-Vs-
….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. K. S. Sundar Counsel for Defendant : M/s. P. V. Ramchandran
2
O.A. No.85 of 2022
19.02.2024
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of February, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Union Bank of India (Corporation Bank) Puducherry Branch
Marigot Agro (P) Ltd. and others
Shri Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
