Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs M/S S S MOTORS REP BY PARTNERS V SELVI on 1 February 2024
T.A. No. 718 of 2023
01.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 01st day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 718 of 2023
(Originally filed before DRT- II, Chennai as OA134/2022 and thereafter transferred to this Tribunal and renumbered as TA No 718 of 2023)
State Bank Of India,
Asset Recovery Management,
No.44, Eldams Road,
Teynampet, Chennai-600 018.
Rep by its Manager.
….Applicant
-Vs-
1. M/s. S.S.Motors,
Rep. by its Partners V.Selvi & K.Susila, Regd. Off. 276/121, Near Muthukrishna Makkal Mandram, Thuraiyur Road, Perambalur-621 212.
Mrs. V.Selvi, W/o. Vijayakumar,
No.278/G6, Kalyan Nagar, Thuraiyur Road, Perambalur District.
3. Mrs. K.Suseela W/o Kaliyan
No.5/23, New No.5/128, krishnapuram West, Veppanthattai Taluk, Perambalur Taluk and District
4. Mr. C.Kaliyan @ Kaliyamoorthy S/o Chinnukounder, No.5/23, New No.5/128, krishnapuram West, Veppanthattai Taluk, Perambalur Taluk and District
5.
Mr.K.Vijayakumar S/o C.Kaliyan @ Kaliyamoorthy, No.278/G6, Kalyan Nagar, Thuraiyur Road, Perambalur District.
….Defendants
T.A. No. 718 of 2023
01.02.2024
Counsels on record / appeared:
Counsel for Applicant
:
M/s.Suresh Law Associates
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ORDER
1. This TA is filed by the applicant bank for recovery of a sum of Rs.1,74,32,813.44p together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of the above OA, defendants have approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.1,15,00,000/- on 07.02.2023 towards full and final settlement of the OA claim. Hence, applicant bank prayed that the OA claim may be treated as settled out of Court.
3. Perused. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. All other interlocutory applications, if any pending shall stand closed. (Dictated to PS, transcribed by her, corrected, signed and processed through E-drt, on this the 1st day of February, 2024)
Sd/- (GANAPATHI K.R.K)
PRESIDING OFFICER