The Tribunal disposed of an application for recovery of debt. The court recorded that the dispute was settled out of court via One Time Settlement (OTS) at the applicant bank's receipt, leaving no matter for adjudication.
Application disposed off as the dispute was settled out of court outside the Tribunal.
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TA No.1008 of 2023
19.09.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of September, 2024
Present: SHRI A. S. JAYACHANDRA Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1008 of 2023
(Originally filed before DRT- II, Chennai as OA 56/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1008 of 2023)
*M/s. Indian Bank Represented by its Assistant General Manager Stressed Asset Management Branch, Apex Chamber, No.20, Sir Theagaraya Road, T. Nagar, Chennai – 600 017. .…. Applicant
-Vs-
S/o. Mr. Rajamanikam, Old No. 49/1420, New Door No. 23, Thandan Street, Sevapet, Salem.
Also at: No.18, Jothi Nagar 1st Street, Ekkatuthangal, Chennai – 600 097
Farm Address
Survey No. 640/5A, Nagalapuram Village, Thuraiyur Taluk, Trichy District.
Also at: 11C, Santhaipettai Street, Uthamapalayam Taluk, Podinayakkanur, Town . …. Defendants
(*Amendment carried out as per order of this Hon’ble Tribunal dated 21.07.2022)
TA No.1008 of 2023
2
19.09.2024
Counsels on record / appeared:
Counsel for Applicant : M/s. RRK Associates
PROCEEDINGS DATED 19.09.2024
The Memo dated 12.03.2024 which is filed on 13.03.2024 by the bank is
counter signed by the Senior Manager of the bank wherein it is recorded that:-
OTS at Rs.27,19,000 fully and finally and that the same is satisfied
of the “Full Satisfaction Memo” filed. Accordingly, the following:-
ORDER
TA stands disposed of as settled outside the Tribunal
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 19th day of September, 2024)
M/s. Indian Bank
Mr. R. Ram Mohan
Dr. Lakshmi Anandan
SHRI A. S. JAYACHANDRA
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
