DRT-III, Chennai restored a tribunal application dismissed for default and non-prosecution by the applicant bank, a financial institution, allowing the bank to adduce evidence subject to payment of conditional costs.
MA 103/25 allowed; OA restored subject to payment of Rs.3,000/- costs and filing compliance report.
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.
MA 103/24 in TA No.819/2023
24.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 24th day of March, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
M.A. No. 103 OF 2024 in TA No.819 of 2023
M/s Union Bank of India (Erstwhile Corporation Bank) No.21, Nyniappa Naicken Street Park Town Chennai – 600 003 ….Applicant
-Vs-
Counsels on record / appeared:
Counsel for Applicant : M/s S. Parthasarathy
:- ORDER ON MA NO. 103/2024 -:
against the Defendants, seeking main relief to order the Defendants pay a
sum of Rs.27,98,585/- (Rupees Twenty Seven Lakhs Ninety Eight
Thousand Five Hundred and Eight Five only) together with future interest and costs.
MA 103/24 in TA No.819/2023
2
24.03.2025
Heard counsel for applicant bank and perused the records of the case .
MA 103/24 in TA No.819/2023
3
24.03.2025
interest and for sale of mortgaged properties. It is seen that the applicant has not taken steps despite availing substantial adjournments. Accordingly, OA came to be dismissed for default and non-prosecution on 26.03.2024.
Sd/(S.V. GOWRAMMA) PRESIDING OFFICER, DRT-III, CHENNAI
(Dictated to PS, transcribed by her, corrected, signed and pronounced by me on this the 24th day of March, 2025)
1 issue framed by the court
Whether to restore a tribunal application dismissed for default and non-prosecution by a financial institution.
M/s Union Bank of India
M/s PIX CARVE
S.V. Gowramma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
