The Debt Recovery Tribunal disposed of an outstanding application for recovery as settled out of court after the defendants remitted Rs. 58 lakhs towards a one-time settlement accepted by the applicant bank.
The outstanding application was treated as settled out of court 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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TA No. 1212 of 2023 02.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 02nd day of January, 2024
Present: ShriGanapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No.1212 of 2023
(Originally filed before DRT-II, Chennai as OA No.364/2021 and thereafter transferred to this Tribunal and re-numbered as TA No.1212/2023)
State Bank of India SME, Adyar Branch Rep. by its Chief Manager No.5, 1st Cross Street (2nd Floor) Kasturba Nagar, Adyar Chennai – 600 020 ….Applicant
-Vs-
Rep. by Prop. Mrs. R. Hemalatchumi No.7, Annamalai Nagar, 3rd Street
West Mambalam, Chennai – 600 033
Now Office at
No.24/1, Rangabashyam Street West Saidapet, Chennai – 600 015
.…Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s Suresh Law Associates
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TA No. 1212 of 2023 02.01.2024
ORDER
pending shall stand closed.
(Dictated to PS, transcribed by her, corrected, signed and processed through E-drt on this the 02nd day of January, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
State Bank of India SME, Adyar Branch Rep. by its Chief Manager No.5
M/s Sri Vasam Traders Rep. by Prop. Mrs. R. Hemalatchumi
Mrs. R. Hemalatchumi W/o Shri. V. Rengarajan
Mr. V. Rengarajan, S/o Sh. S. Vijayagopal
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
