Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs Narasima Traders on 14 August 2026
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 14th day of August 2026
Present: SMT. S.V. GOWRAMMA
Presiding Officer
M.A. No.210 of 2026 in OA Dy.No.4560 of 2025
M/s State Bank of India,
Rep by its Chief Manager,
Mr.M.Mohan,
SME Ekkaduthangal,
No.5, Jawaharlal Nehru road,
Chennai- 600037
...Applicant
-Vs-
M/s Narasima traders,
Rep by its Proprietor,
Mr.Jayachandra Thangaraj,
S/o Thangaraj,
No.371/5A, N.N. 168/C,
6th street, LIC Nagar,
Kolathur, Chennai
Tamilnadu- 600 117
Also at:
D.No.3B, 3/372,
1st cross street, Rose Nagar,
Kovilambakkam,
Chennai- 600129
Office at:
Plot No.535 and 536,
English Electric Nagar,
Zamin Pallavaram, Pallavaram (TK)
Chennai- 600117
…Defendants
Counsels on record / appeared:
Counsel for Applicant : Mrs. V. Arulmozhi
ORDER IN MA No.210/2026
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1. MA No.210 of 2026 is taken up. This is an application filed by applicant bank for condonation of delay of 161 days in re-presenting the OA.
2. Perused the Affidavit filed on behalf of the Applicant bank.
3. It is submitted by applicant bank that the present OA was filed for recovery of sum of Rs.3,50,44,586/- (Rupees Three Crores Fifty Lakhs Forty Four Thousand Five hundred and Eighty Six only) together with interest and costs. It is submitted that the OA was returned by the Registry for compliance of objections. As the counsel on record for applicant was suffering from health issues. OA could not be re-presented 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 161 days in representing the OA. Perused the Affidavit filed on behalf of the Applicant bank and the records of the case
4. 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. Rajula -Vs.- K.J. Sakadeva Raja reported in LAWS (MAD)- 2020-8-441 feels it apt to condone the delay and give opportunity to applicant to prosecute their case.
5. Accordingly, MA No.210/26 stands allowed and delay is condoned, subject to payment of cost of Rs.4,000/- to the Tamil Nadu State Legal Services Authority on or before 11.09.2026 by the applicant and to file the compliance report before the Registry.
6. 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 comply with the conditional order above, MA stand dismissed automatically without there being any need to pass separate order.
Sd/-
(S.V. GOWRAMMA)
PRESIDING OFFICER,
DRT-III, CHENNAI (Dictated to Roshnee, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of August, 2026)