The Debts Recovery Tribunal disposed of an applicant bank's original application for recovery by treating the claim as settled out of court after defendants remitted a sum towards a One Time Settlement, without costs.
The Original Application is disposed of as settled out of court without costs, and pending interlocutory applications are closed.
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. 1293 of 2023
25.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 25th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 1293 of 2023
(Originally filed before DRT- II, Chennai as OA 223/2021 and thereafter transferred to this Tribunal and renumbered as TA No 1293 of 2023)
M/s. Punjab National Bank, Circle Sastra Centre, Chennai South, PNB Towers, 46-49, Mezzanine Floor, Royapettah High Road, Royapettah, Chennai-600 014.
….Applicant
-Vs-
All are residing at: No.21, Subramaniar Street, Thillai Nagar, Villianoor, Puducherry-605 110.
…..Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. Suresh Law Associates Counsel for Defendants : M/s. R. Sreethar
ORDER
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T.A. No. 1293 of 2023
25.03.2024
pending shall stand closed.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 25th day of March, 2024)
Sd/-
(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Punjab National Bank
Mr. T. Sivasubramanian
Mrs. S. Chitra
Mrs. S. Balasaraswathi
Mr. Karthikeyan
Ganapathi K.R.K
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
