The Debts Recovery Tribunal condoned a delay of 303 days in re-presenting the Original Application filed by a bank for recovery, citing the custodial nature of banking institutions and accidental loss of files during office transfer.
Conditioning of delay of 303 days in re-presenting the Original Application allowed.
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IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 22nd day of August 2025
SMT. S.V. GOWRAMMA Presiding Officer
M.A. No.242 of 2025 in OA Dy. No.1526/2022
Punjab National Bank (Earlier Known as Oriental Bank of Commerce) No.9, Duraisamy Road, Vadapalani, Chennai - 600026
now the loan account is transferred to Spencer Plaza, Ground Floor, No.769, Anna Salai, Chennai - 600 002
Rep by its Chief Manager, Mr. S. Srinivasan .... Applicant
-Vs-
Rep. by its Proprietor A.Thangamalai, Old. No. 2, New No.3, Bharatheeswarar Colony, 5th Street, Kodambakkam, Chennai-600 024.
Chennai - 600 078. ….Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s. NVS & Associates
ORDER IN MA No. 242/2025
applicant bank for condonation of delay of 303 days in re-presenting the OA.
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Sd/(S.V. GOWRAMMA) PRESIDING OFFICER, DRT-III, CHENNAI
(Dictated to Steno (Deepika), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 22nd day of August, 2025)
1 issue framed by the court
Whether the delay of 303 days in re-presenting the Original Application should be condoned.
Punjab National Bank (Earlier Known as Oriental Bank of Commerce)
M/s. Hitech Labels
Mr. A. Thangamalai
S.V. Gowramma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
