The Debts Recovery Tribunal disposed of the original application filed by the bank for recovery as settled out of court after the defendants accepted the One Time Settlement (OTS) and remitted the agreed sum without costs.
The original application (OA) was disposed of as settled out of court; costs were not awarded.
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T.A. No. 184 of 2023
21.05.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of May, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 184 of 2023
(Originally filed before DRT- II, Chennai as OA 303 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No 184 of 2023)
M/s. Punjab National Bank, Ashok Nagar Branch 17/36, Ground Floor, 4th Avenue, Ashok Nagar, Chennai – 600 083. Rep by its Senior Manager ….Applicant
-Vs-
Rep by its Proprietor
No.17/9, 23rd Street, 7th Avenue,
Ashok Nagar, Chennai – 600 083.
W/o. D. Thanigivel No.17/9, 23rd Street, 7th Avenue, Ashok Nagar, Chennai – 600 083. ….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. P. Reghu Raja
ORDER
above OA, defendants have approached applicant bank for settlement under OTS,
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T.A. No. 184 of 2023
21.05.2024
which was accepted by applicant bank and accordingly, the defendants have remitted a sum of Rs.2,96,480/- towards full and final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court and also prayed for refund of court fee.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 21st day of May, 2024)
M/s. Punjab National Bank, Ashok Nagar Branch
M/s. Sreenidhi Enterprises
D. Thanigaivel
Mrs. T. Rajeshwari
Shri Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
