The Debts Recovery Tribunal disposed of an auction application filed by a bank for recovery of dues, holding the filing settled out of court after remittance of a part-sum under the Old Tenure Settlement Scheme without awarding costs.
OA disposed of as settled out of court without costs; pending interlocutory applications closed.
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. 746 of 2023
26.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 746 of 2023
(Originally filed before DRT- II, Chennai as OA 329/2021 and thereafter transferred to this Tribunal and renumbered as TA No 746 of 2023)
M/s. State Bank of India, Walajapet Branch, Chennai- 600 040. Migrated to: Assets Recovery Management Branch, No.44, Eldams Road, Teynampet.
….Applicant
-Vs-
No.20, Arcot Thethu Street,
Walajapet - 632 513.
Counsels on record / appeared:
Counsel for Applicant : M/s. P. H. Vinodh Pandian
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T.A. No. 746 of 2023
26.02.2024
ORDER
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 26th day of February,2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER
M/s. State Bank of India
M/s. Incense World
Mr. H. Dawood Khan
H. Usman Khan
M/s. Incense International
Ganapathi K.R.K.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
