Disposed

Uco Bank v. M/S Dreams Plus Consulting Pvt. Ltd.

DRT18 Sept 2024TA/1214/2023

Case brief

AI extract

What is this about?

The Tribunal disposed of a transferred recovery application on the submission of a memo by the applicant bank stating that the dispute was settled at Rs.68,05,000 and fully satisfied. The original documents are ordered to be returned upon filing Form 11.

What did the court decide?

The application is disposed of as settled outside the Tribunal; original documents to be returned upon filing Form 11.

Uco Bank versus M/S Dreams Plus Consulting Pvt. Ltd. — Execution and Attachment | DRT (2024)

TA No.1214 of 2023

18.09.2024

IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI

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Dated this the 18^th day of September, 2024

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Present: SHRI A. S. JAYACHANDRA Presiding Officer (In – charge)

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TRANSFERRED APPLICATION No. 1214 of 2023

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(Originally filed before DRT- II, Chennai as OA 316/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1214 of 2023)

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M/s.UCO Bank, Mid Corporate T. Nagar Branch Represented by its Chief Manager No.26, Ground Floor, South Dhandapani Street, T. Nagar, Chennai – 600 017. .…. Applicant

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-Vs-

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M/s. Dreams Plus Consulting Pvt. Ltd.,

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Represented by its Director,

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Mr. K. Sankaranarayanan,

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No.75, Burkit Road,

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T. Nagar, Chennai – 600 017.

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Mr. K. Sankaranarayanan

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No. 75, Burkit Road,

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T. Nagar, Chennai – 600 017.

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Mrs. S. Kiruthika,

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W/o. Mr. K. Sankaranarayanan No. 75, , Burkit Road,

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T. Nagar, Chennai – 600 017.

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…. Defendants

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Counsels on record / appeared:

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Counsel for Applicant : M/s.. R. Selvakumar

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PROCEEDINGS DATED 18.09.2024

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Ld. Counsel for the applicant bank submits that they have filed the Memo dated

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06.03.2024 which is filed on 07.03.2024 and the same is endorsed by the Chief Manager of the bank wherein it is recorded that:-

TA No.1214 of 2023

18.09.2024

TA is filed for recovery of Rs.1, 17,67,140/-.

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In the Memo, it is submitted that the dispute is settled at Rs.68,05,000 fully and finally and that the same is satisfied.

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Having heard the Ld. counsel for the applicant bank, there remains nothing to be considered in the present case in view of the full satisfaction Memo filed. Accordingly, the following

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ORDER

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(a) OA stands disposed of as settled outside the Tribunal

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(b) The original documents, if any, may be returned, if proper Form 11 is filed along with photo copies.

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A copy of this order be sent to all the parties concerned.

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Sd/(A.S. JAYACHANDRA)

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PRESIDING OFFICER (In-charge)

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(Dictated to Steno, who typed in the system, corrected, signed and pronounced in Open Court, on this 18^th day of September, 2024)

Uco Bank v. M/S Dreams Plus Consulting Pvt. Ltd.

Case brief

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Uco Bank v. M/S Dreams Plus Consulting Pvt. Ltd.

Case brief

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