Application filed for recovery was disposed. It was found that the applicant bank had received full payment under a One Time Settlement scheme submitted by Defendant No. 1, and the bank was fully satisfied.
OA disposed as settled under OTS; Applicant Bank entitled for refund of Court fee.
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.
IN THE DEBTS RECOVERY TRIBUNAL –I AT CHENNAI
Dated this 5th Day of June, 2025
PRESENT: SHRI A.S.JAYACHANDRA
Presiding Officer
O.A. No.5 of 2024
INDIAN BANK
Stressed Asset Management Branch Rep by its Branch Manager / AGM Mr. S. Brammanandan, 2nd Floor, No.55, Ethiraj Salai, Egmore, Chennai – 600 008.
. . . Applicant
Versus
1. M/S. GMR Rajahmundry Energy Limited
(GMRREL)
Rep by its Director, Registered Office at Skip House, 25/1, Museum Road, Bangalore – 560025.
And also at Corporate Office, No.302, New Shakthi Bhawan, New Udaan Bhawan Complex, Opp. T-3 IGI Airport, New Delhi - 110037.
2. M/s.GMR Generation Assets Limited,
Rep by its Director, Corporate Office at: No.302, New Shakthi Bhawan, New Udaan Bhawan Complex, Opp. T-3 IGI Airport, New Delhi - 110037.
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And also at:-
No.702, 7th floor, Naman Nagar Center, Plot No.C-31, Bandra Kurla Complex Bandra East. (Opp to Dena Bank) Mumbai – 400 051.
3. M/s. GMR Infrastructure Limited,
Rep by its Director, No.702, 7th floor, Naman Nagar Center, Plot No.C-31, Bandra Kurla Complex Bandra East. (Opp to Dena Bank) Mumbai – 400 051.
And also at:-
No.302, New Shakthi Bhawan, New Udaan Bhawan Complex, Opp. T-3 IGI Airport, New Delhi – 110037.
4. IDBI BANK Limited,
Rep by its Manager, NPA Management Group, 7th Floor, Cuffe Parade Mumbai, Maharastra – 400005.
5. Union Bank of India, (Erstwhile called as Andhra Bank),
N.R. Road Branch No.2/3 Raja Building, Bengaluru – 560002.
6. Indian Overseas Bank
No.2, Janardhan Towers, Residency Road, Bengaluru – 560025.
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7. Punjab & Sind Bank 7-1-129 & 130, Near Sheeshmahal Theater, Ameerpet, Hyderabad – 500016. 8. State Bank of India (Erstwhile called as State Bank of Patiala) Chandralok Building, 2nd Floor 36, Janpath, New Delhi – 110001.
9. Infrastructure Development, Finance Company Limited, 4th floor, 501, Naman chambers, C-32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.
10. Jammu & Kashmir Bank
Karim Mansion, 787, Mount Road, Chennai – 600002.
11. Punjab National Bank , (United Bank of India Merged) Large Corporate Branch, Maker Tower E, Cuffle Parade, Mumbai – 400005. . . . Defendants
: - PROCEEDINGS DATED - 05.06.2025 - :
Applicant by: Ld. Counsel Shri Kailash.
D1 and D2 by Shri.K. Sanjay
D6 by Shri.K. Arun.
D3 and D7 – exparte 12.11. 2024.
None for others.
The applicant had filed the full satisfaction Memo dated 15.05.2025.
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Heard the Ld. Counsel on the Memo.
: - O R D E R - :
OA stands disposed of as settled under OTS. The Applicant Bank is entitled for the refund of the Court fee to the extent permissible under the Rules. A copy of this Order be communicated to all the parties as per Rules.
Sd/(A.S.JAYACHANDRA) PRESIDING OFFICER DRT-I, CHENNAI
(Dictated to Stenographer, typed in the system, corrected, signed and pronounced by me on this 5th Day of June, 2025)
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1 issue framed by the court
OA filed by bank for recovery is disposed as same is settled under One Time Scheme.
Indian Bank
M/s. GMR Rajahmundry Energy Limited
M/s. GMR Generation Assets Limited
M/s. GMR Infrastructure Limited
IDBI Bank Limited
Union Bank of India
A.S. Jayachandra
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
