This application filed by a bank for debt recovery was disposed of as settled out of court after the defendants remitted Rs.5.35 crores accepted under out-of-court settlement, allowing the claim without costs.
The OA claim is treated as settled out of Court without costs; other interlocutory applications shall stand 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. 135 of 2023
08.03.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of March, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 135 of 2023
(Originally filed before DRT- II, Chennai as OA 611/2019 and thereafter transferred to this Tribunal and renumbered as TA No 135 of 2023)
M/s. Indian Bank SAM Branch Rep by its Asst General Manager 2nd line Beach Road, Chennai – 600 001. ….Applicant
-Vs-
…..Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. P.V. Murlidhar
ORDER
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T.A. No. 135 of 2023
08.03.2024
under OTS, which was accepted by applicant and accordingly, defendants had remitted a sum of Rs.5,35,00,000/-. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 08th day of March, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Indian Bank SAM Branch
M/s. Sujatha Biotech
Dr. C.K. Rajkumar
Mrs. R. Sujatha
GANAPATHI K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
