THE SOUTH INDIAN BANK LTD vs KHAGENDRA JANA PROPRIETOR GAUR HARI on 12 March 2026

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI (ADDITIONAL CHARGE , DRAT-DELHI)

Appeal No. 171/2025 (Arising out of S.A. No.594/2023 (DRT-I, Delhi))

The South Indian Bank Ltd. vs. Kagenda Jana & Ors.

12/03/2026

Mr. S.K. Garg, Ld. Counsel for appellant appeared through VC.

Mr. Sanjay Khanna, Ld. Counsel for respondents no.1 & 2 appeared through VC.

Ms. Rushali Sikand, Ld. Counsel for respondent no.3 appeared through VC.

This matter has been taken up through Video Conferencing.

I.A. No. 144/2026

This application is filed on behalf of appellant under Section 19(25) of the RDB Act read with Section 17(7) of the SARFAESI Act with Section 151 of CPC for withdrawal of the appeal in terms of OTS arrived at between the appellant bank and the borrowers/mortgagors/guarantors.

Ld. Counsel for appellant submitted that during the pendency of the appeal, the respondents no.1 and 2 have settled the matter with the appellant bank and paid Rs.8.15 crores to the loan account under OTS, therefore, this withdrawal application.

Ld. Counsel for respondents present and they also admitted that the matter is settled between the parties and have no objection for withdrawal of the appeal.

In view of the reasons stated in the application and the matter is ended into a settlement under OTS, this withdrawal application is allowed and the appellant is permitted to withdraw the appeal. Accordingly, the appeal is dismissed as withdrawn, being settled out of Court File be consigned to record room.

Sd/- Chairperson DRAT, Chennai Additional Charge, DRAT, Delhi

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