The Tribunal disposed of the main proceedings as withdrawn by the applicant, clarified that no reliefs are pressed, and granted refund of court fee citing a specific high court precedent.
Proceedings disposed as withdrawn; refund of court fee permitted.
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
S.A. No.13 of 2024
M/s.Ponnaiah Ramajayam Institute of Science and
Technology (PRIST) Trust,
Rep. by its Trustee Mr.M.Nageshwaran, No.33-34, Natarajapuram South, Medical College Road, Thanjavur – 613004.
. . . Applicant
Versus
1. The Authorised Officer, Indian Bank,
Stressed Assets Management Branch, Wellington Estate, 2nd Floor, No.55, Ethiraj Salai,
Egmore, Chennai – 600008.
2. M/s.Chettinad Academy of Research and Education ,
Rep. by its Authorised Signatory, Mr.Sivaramakrishnan Hariharan, No.603, 5th Floor, Chettinad Towers, Anna Salai, Chennai – 600006. . . . Defendants
The file is taken up today upon, the Ld. Counsel for the Bank moving an IA for advancing the case from 03.07.2025 to this day.
PRESENT:-
Applicant by Shri D. Adhitya.
Defendant Bank by Shri Surendra.
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Heard on the IA No. 78/2025.
The case is advanced and the IA stands allowed.
Heard on the Memo filed by the Applicant dated 08.05.2025.
ORDERS ON THE MEMO
The Applicant submits that though he challenges the sale Notice dated09.07.2024 which sale concluded on 31.07.2024, the applicant does not press the reliefs.
In view of the above, and after considering the Affidavit of the ld. counsel Annexed to the IA No. 78/2025, it is clear that the applicant does not press the relief and wants to withdraw the present proceedings. Hence the following :
ORDER
SA stands disposed as withdrawn. The earlier date assigned stands cancelled.
The applicant is entitled for refund of the Court fee to the extent permissible under the rules in view of the ruling in Shri Narayana Murthy Vs. Registrar DRT NC: 2024: KHC: 46797.
A copy of this order be communicated to the parties concerned.
Sd/(A.S.JAYACHANDRA) PRESIDING OFFICER DRT-I, CHENNAI
(Dictated to Stenographer in the system, corrected, signed and pronounced by me on this 5th Day of June, 2025)
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Colour shows how this judgement treated each authority
Shri Narayana Murthy Vs. Registrar DRTReferred¶29
Shri Narayana Murthy Vs. Registrar DRT NC: 2024: KHC: 46797
M/s.Ponnaiah Ramajayam Institute of Science and Technology (PRIST) Trust
The Authorised Officer, Indian Bank
M/s.Chettinad Academy of Research and Education
A.S.JAYACHANDRA
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
