Applicant bank sought recovery of loan. During pendency, defendants approached for Out of Court Settlement under OTS, which was accepted. Defendants remitted Rs. 1,70,034/- for full and final settlement. Application disposed of as settled out of court.
OA claim treated as settled out of Court; disposed without costs.
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T.A. No. 437 of 2023
23.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 23rd day of April, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 437 of 2023
(Originally filed before DRT- II, Chennai as OA 195/2021 and thereafter transferred to this Tribunal and renumbered as TA No 437 of 2023)
M/s. Jammu & Kashmir Bank Mount Road Branch Rep by its Branch Head Mr. Ravikumar Trichal No.221, 1st Floor, Metro Plaza, Anna Salai, Mount Road Chennai-600 002.
….Applicant
-Vs-
S/o Abdul Kafoor No.1, Muthu Mari Amman Koil Street, Rajiv Gandhi Nagar, Alapakkam Chennai-600 087. …..Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. J. Senthil Kumar Counsel for Defendants : M/s. R. Baskar
ORDER
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T.A. No. 437 of 2023
23.04.2024
was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.1,70,034/- 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.
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 23rd day of April, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
M/s. Jammu & Kashmir Bank Mount Road Branch
K.S. Shibu
A. Habeeb
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
