Debts Recovery Tribunals and Appellate Tribunals
CENTRAL BANK OF INDIA vs M/s Aban Offshore Ltd on 2 November 2022
IN THE DEBTS RECOVERY TRIBUNAL –I AT CHENNAI
Dated this 2nd Day of November, 2022
PRESENT: SHRI A.S.JAYACHANDRA
Presiding Officer
T.A. No.60 of 2022
[Old O.A.No.312 of 2019 – DRT-II, Chennai]
Central Bank of India,
Corporate Finance Branch,
Post Box No.2719, Addison Buildings,
No.803, Anna Salai,
Chennai – 600002.
. . . Applicant
Versus
1.
M/s. Aban Offshore Ltd.,
Rep by its Managing Director Mr. Reji Abraham, Registered Office at:
Jan Priya Crest,
No.113, Pantheon Road, Egmore,
Chennai 600 008.
2.
M/s.Deep Drilling 2 Pte Ltd.,
Rep. by its Attorney, Mr.S.Srinivasan,
Having Registered and Corporate Office at:
No.6, Temasek Boulevard, #28-01 to 05,
Suntec Tower Four,
Singapore – 038986.
Also at:-
Jan Priya Crest,
No.113, Pantheon Road, Egmore,
Chennai 600 008.
. . . Defendants
Counsel for the Applicant
:
M/s. M.L.Ganesh & S.Arun Kumar
Counsel for the Defendants
:
R & P Partners.
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: - O R D E R - :
Heard on the memo filed today.
2. The memo is dated 08.09.2022. It is submitted that the defendants have complied the OTS proposals and a sum of Rs. 121,78,41,258/- is remitted towards the claim amount in the OA (Rs. 155,30,50,451/- along with interest). This payment is remitted on 29.08.2022 as per the memo.
3. With this remittance the claim amount in the OA is satisfied fully and finally. The memo is counter signed by the Bank through its proper AR. The Ld. Counsel for the bank submits that OA may be disposed of as withdrawn and settled. Court fee is also requested to be refunded.
4. As regards the refund of court fee the Ld. Counsel Shri. Srinivasan submits that the same is to be in accordance with Rule 4 & 5 of the DRT (refund of court fee) Rules 2013 and that the matter is settled after hearing of the Tribunal and such an application for refund of half the court fee cannot be made since rule 4(b) provides for 25% only and such an application is to be filed jointly by the parties before the Registrar as provided in Rule 5.
5. After hearing the Ld. Counsel the OA stands disposed of by the following order:-
: - O R D E R - :
The OA stands disposed of as withdrawn in view of the full and final settlement reported.
The applicant bank may file proper application as provided under Rule 4 & 5 for refund of the court fee before the Registrar.
The original documents may be returned to the bank if proper application under form-11 is filed.
Sd/- (A.S.JAYACHANDRA)
PRESIDING OFFICER
DRT-I, CHENNAI
(Dictated to PS, transcribed by him, corrected, signed and pronounced by me on this 2nd Day of November, 2022)