Debts Recovery Tribunals and Appellate Tribunals
YES BANK vs MUTHUKUMAR on 29 February 2024
OA Dy. No.1575/22 (OASR 13620/22)
29.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
OA Dy. No.1575/2022 (OASR No.13620/2022)
M/s. Yes Bank Ltd.,
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.
M/s. Sri Lakshmi Transport,
Prop. S. Muthukumar,
No.1/7, 1st Floor, AJM Complex, Poonamallee High Road, Near Pandiyan Hotel, Vanagaram, Chennai- 600 095.
2.
Amudha,
No.30/17A, Nehru Street,
Padikuppam, Koyambedu,
Rail Nagar Backside,
Chennai-600 107.
….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.31,77,022/- together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of scrutiny of the above OA, defendants had approached applicant bank for settlement OA Dy. No.1575/22 (OASR 13620/22)
29.02.2024 under OTS, which was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.16,50,000/- on 30.07.2022 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. 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 shall stand closed. (Dictated to Steno, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 29th day of February, 2024) Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER