Debts Recovery Tribunal disposed of a transferred recovery application filed by the Bank, treating the claim as settled out of court with full remittance of dues by the defendants, without awarding costs.
OA treated as settled out of court without costs; documents returned to applicant bank.
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. 745 of 2023
18.01.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 18th day of January, 2024
Present: Shri Ganapathi K.R.K. Presiding Officer
TRANSFERRED APPLICATION No. 745 of 2023
(Originally filed before DRT- II, Chennai as OA 408/2021 and thereafter transferred to this Tribunal and renumbered as TA No 745 of 2023)
M/s. State Bank of India, Rep. by its Chief Manager, Retail Assets Central Processing Centre, MRC Nagar, No.4, Santhome High Road, Mylapore, Chennai-600 004. ….Applicant
Vs
Both are residing at, New No.7, Old No.14, AG Apartments, 1st Floor, Ram Nagar North Street, Velachery, Chennai-600 042. …..Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. Suresh Law Associates
ORDER
above OA, defendants have approached applicant bank and defendants had remitted the entire outstanding dues and closed the loan account on 12.06.2023 towards full and
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T.A. No. 745 of 2023
18.01.2024
final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court and applicant bank has also filed another memo praying for return of documents filed along with proof affidavit.
(Dictated to PS, transcribed by her, corrected, signed and pronounced in open court on this the 18th day of January, 2024)
Sd/(GANAPATHI K.R.K) PRESIDING OFFICER
M/s. State Bank of India
Mrs. Maria Rufina Martina
Mr. Vinoth Victor
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
