Allowed

Karur Vysya Bank v. Munirathinam

DRT9 Jan 2026MA/395/2025

Case brief

AI extract

What is this about?

The DRT allowed an application for condonation of a 450-day delay in re-presenting an Original Application by Karur Vysya Bank. The delay was attributed to oversight in rectifying minor mistakes required by the registry. The bank was directed to pay costs to the Legal Services Authority within a specified timeline.

What did the court decide?

Condonation of 450 days delay allowed subject to payment of Rs.2,000/- to TNSLSA by 06.02.2026 and filing compliance report.

Karur Vysya Bank versus Munirathinam — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI

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Dated this the 9^th day of January 2026

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Present: SMT. S.V. GOWRAMMA Presiding Officer

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M.A. No. 395 of 2025 in OA Dy. No.4132/2023

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The Karur Vysya Bank Ltd Pappiredipatti Branch New No.224, Old No.66D2, Dharmapuri Main Road, Pappiredipatti, Dharmapuri-636 905 Rep by its Manager ....Applicant

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-Vs-

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Madhu Munirathinam S/o. Madhu, residing at 39, Valluvar Street, Pilparuthi, Bommidi, Dharmapuri-635 301 ….Defendant

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Counsels on record / appeared:

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Counsel for Applicant : Dr. S. R. Sundaram

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ORDER IN MA No. 395/2025

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MA No. 395 of 2025 is taken up. This is an application filed by applicant bank for condonation of delay of 450 days in re-presenting the OA.

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Perused the Affidavit filed on behalf of the Applicant bank.

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It is submitted by applicant bank that the present OA was filed for

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recovery of sum of Rs.31,43,607.90p together with interest and costs. It is submitted by the applicant bank that the Original Application was returned by the Registry for complying with the returns. It is submitted that

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due to over-sight, applicant bank were not able to rectify the minor mistakes and represent the OA on time. Hence, the OA could not be represented within the time granted by this Tribunal, which is neither wilful nor wanton, but only due to aforesaid reasons. Therefore, the applicant bank prayed for condonation of delay of 450 days in representing the OA.

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Perused the Affidavit filed on behalf of the Applicant bank and

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the records of the case.

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As OA is filed for recovery of money due from borrower and in view of the fact that the bank being a financial institution is the custodian of the public money held under trust, the Tribunal relying on the judgment of Hon’ble High Court of Madras (At Madurai) in the judgment of V.P.

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Rajula -Vs.- K.J. Sakadeva Raja reported in LAWS (MAD)-2020-8441 feels it apt to condone the delay and give opportunity to applicant to prosecute their case.

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Accordingly, MA No.395/25 stands allowed and delay is condoned, subject to payment of cost of Rs.2,000/- to the Tamil Nadu State Legal Services Authority on or before 06.02.2026 by the applicant and to file the compliance report before the Registry.

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In case of the applicant complying with the order and filing compliance memo, Registry is directed to number the OA, if otherwise found to be in order. It is clarified that in case if the applicant bank fails to

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comply with the conditional order above, MA stand dismissed automatically

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without there being any need to pass separate order.

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Sd/-

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(S.V. GOWRAMMA) PRESIDING OFFICER, DRT-III, CHENNAI

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(Dictated to Steno (Arti), transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 09^th day of January, 2026)

Karur Vysya Bank v. Munirathinam

Case brief

What is this about?

What did the court decide?

Karur Vysya Bank v. Munirathinam

Case brief

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What did the court decide?

What the court decided

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