Allahabad Bank v. Velayutham
Case brief
What is this about?
An application filed for recovery of money was disposed of as settled out of court after the defendants paid a substantial sum under an out-of-court settlement scheme; documents were returned.
What did the court decide?
OA treated as settled out of Court; return of original documents directed; costs not awarded.
What the court decided
TA 1682/2023
09.02.2024
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 09th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 1682 of 2023
(Originally filed before DRT- II, Chennai as OA 418/2019 and thereafter transferred to this Tribunal and renumbered as TA No 1682 of 2023)
M/s. Allahabad Bank,
Rep by its Assistant General Manager, Stressed Asset Management Branch, No.20, Apex Chambers, Sir Thyagaraya Road, T.Nagar,Chennai-600 017. ….Applicant
-Vs-
Parties & counsel
- applicant
M/s. Allahabad Bank
- respondent
A. Velayutham
- respondent
I. Sumathi
Coram
Case details
As recorded by the court registry
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