Federal Bank v. Usharani
Case brief
What is this about?
The Debt Recovery Tribunal disposed of the transferred application as settled outside the Tribunal based on a Full Satisfaction Memo. The bank received the full agreed amount via One Time Settlement, satisfying the claim of Rs. 1.15 crore.
What did the court decide?
The original order is disposed of as settled outside the Tribunal; original documents to be returned and court fee refunded.
What the court decided
TA No.1436 of 2023
20.08.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of August, 2024
Present: SHRI A. S. JAYACHANDRA Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1436 of 2023
(Originally filed before DRT- II, Chennai as OA 219/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1436 of 2023)
M/s. The Federal Bank Limited, Branch Chennai / T.Nagar, Having Office at No. 29, Dr. Nair Road, T. Nagar, Chennai – 600 001.
.…. Applicant -Vs-
- Ms. T.S. Usharani W/o. T. G. Sridhar (Late) Old No. 30, New No. 49, North Usman Road, T. Nagar, Chennai – 600 017.
- Mr. T.S. Mohanraj, S/o. T.G. Sridhar (Late) Old No. 30, New No. 49, North Usman Road, T. Nagar, Chennai – 600 017.
Parties & counsel
- applicant
M/s. The Federal Bank Limited, Branch Chennai / T.Nagar
- respondent
Ms. T.S. Usharani W/o. T. G. Sridhar
- respondent
Mr. T.S. Mohanraj S/o. T.G. Sridhar
- respondent
Ms. T. S. Ishwrya D/o. T. G. Sridhar
- respondent
Ms. T. S. Sowbhagya D/o. T. G. Sridhar
Case details
As recorded by the court registry
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