Punjab National Bank v. Sugumar
Case brief
What is this about?
The Debts Recovery Tribunal condoned a delay of 242 days in re-presenting an original application for money recovery, relying on principles of trust regarding custodial of public funds.
What did the court decide?
Application for condonation of delay of 242 days allowed subject to payment of cost and filing compliance report.
What the court decided
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 09th day of January, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
M.A. No. 407 of 2025 in OA Dy. No.1750/2022
Punjab National Bank Kilpauk Branch No.74, New Avadi Road, Kilpauk, Chennai-600 010
Now Loan Account Transferred to ARMB PNB, PNB Towers, No.46-49, Ground Floor, Royapettah High Road, Chennai-600 014. ....Applicant
-Vs-
- Mr. R. Sugumar S/o. Mr. Rajagopal No.20/3, Elangovan Street Tambaram East, Chennai-600 059
- Dr. Prem Alex Lawrence S/o. Mr. Lawrence Sus Antony No.H-2, Nathans Subramanian Colony, Velarchery, Chennai-600 042 ….Defendants
Counsels on record / appeared:
Parties & counsel
- applicant
Punjab National Bank Kilpauk Branch
- respondent
Mr. R. Sugumar
- respondent
Dr. Prem Alex Lawrence
Coram
Case details
As recorded by the court registry
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