Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK (ORIENTAL BANK OF COMMERCE) vs MICHEL THOMAS on 3 April 2024
T.A. No. 1424 of 2023
03.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 03rd day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 1424 of 2023
(Originally filed before DRT- II, Chennai as OA 108/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1424 of 2023)
M/s. Punjab National Bank
Circle -Sastra-Chennai North
Anna Salai, Chennai-600 002.
Rep by its Chief Manager.
….Applicant
-Vs-
Mr. Michel Thomas,
S/o. Fernades
No.26, Flat No. G-2, Sethil Andawar Street Saligramam, Chennai-600 093.
…..Defendant
Counsels on record / appeared:
Counsel for Applicant
:
M/s. E. Kumar
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ORDER
1. This OA is filed by the applicant bank for recovery of a sum of Rs.41,46,406.10 p together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of the above OA, defendant had approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendant had remitted a sum of Rs.19,20,000/- 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 prayed for refund of Court fee. Applicant bank had also filed another memo for return of original documents filed along with proof affidavit.
T.A. No. 1424 of 2023
03.04.2024
3. Perused. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. Registry is directed to return original documents (Ex.A-1 to A-14) to applicant bank under proper acknowledgment. Applicant bank to file appropriate application for refund of Court fee as per extant guidelines. All other interlocutory applications, if any, pending shall stand closed. (Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 03rd day of April, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER