Debts Recovery Tribunals and Appellate Tribunals
YES BANK vs KUMARESAN on 19 February 2024
E-drt Dy.No.1040/22 (OASR 10887/22)
19.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
E-drt Dy.No.1040/2022 (OASR No.10887/2022)
M/s. Yes Bank,
Parrys Branch,
Dass India Towers Second Line Beach,
3, Beach Road, Parry’s Corner, George Town, Chennai- 600 001.
Rep by its Authorized Signatory.
….Applicant
-Vs-
1.
Mr. V. Kumaresan,
Proprietor- M/s. VVK Transport,
No.1, 1st Floor, Thulukanathamman Koil Main Road, Pallikaranai, Chennai-600 100.
2.
Mr. K. Gunaseeli,
W/o. Kumaresan,
No.2, Thulukanathamman Koil Main Road,
12th Street, Pallikaranai,
Chennai-600 100.
….Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. Kvp Deepak Raj
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ORDER
1. This contemplated OA is filed by the applicant bank for recovery of a sum of Rs.27,73,299.18ptogether with future interest and costs.
2. A memo vide SR No.13734/23 is filed by applicant bank stating therein that during pendency of scrutiny of the above OA, defendants had approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, E-drt Dy.No.1040/22 (OASR 10887/22)
19.02.2024 defendants had remitted a sum of Rs.22,00,000/ on 18.08.2022 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 and also prayed for refund of Court fee.
3. Copy of memo is sent to other side by post by applicant bank, postal receipts furnished.
4. Perused. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. Applicant bank to file necessary application for refund of Court fee as per extant guidelines. All other interlocutory applications, if any pending stands closed. (Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 19th day of February, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER