The Debt Recovery Tribunal allowed an application for recovery filed by the bank but disposed of it as settled out of court after the defendants paid the entire dues and the loan account was closed.
Returned to registrar to dismiss as settled, without costs.
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.
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T.A. No. 1055 of 2023
09.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 09th day of January, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1055 of 2023
(Originally filed before DRT- II, Chennai as OA No.439 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.1055 of 2023)
Union Bank of India* Erstwhile Corporation Bank Represented by its chief manager, No.21, Nyniappa Street, Park Town, Chennai – 600 000
….Applicant
Vs
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T.A. No. 1055 of 2023
09.01.2024
Counsels on record / appeared:
Counsel for Applicant : M/s. K. Sarath Babu
ORDER
(Dictated to Stenographer (DD), transcribed by her, corrected, signed and processed through E-drt, on this the 09th day of January, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
Union Bank of India
M/s V Company
Mrs. Vasanthi
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
