Debts Recovery Tribunals and Appellate Tribunals
HDFC BANK vs MS AMODHA TRADE LINKS PVT LTD on 2 February 2024
E-Drt Dy.No.4770/2023
02.02.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this 02nd day of February, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
E-Drt Dy.No.4770/2023 (OASR No.13693/2023)
M/s. HDFC Bank Ltd.,
No.110, 4th Floor, Ceebros Building,
Nelson Manickam Road, Aminjikarai,
Chennai-600 029.
Rep by its Authorized Signatory
….Applicant
-Vs-
1.
Mr. Amodha Trade Links Pvt.Ltd.,
Rep by its Directors,
No.109, MTH Road, Ambattur,
Near Ambattur Bus Stop,
Chennai-600 058.
2.
Ravichandran,
S/o. Kaliyaperumal,
No.13/1, Railway Colony 1st Street,
Nelson ManickamRoad,
Aminijikarai, Chennai-600 029.
….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.26,21,648.76p together with future interest and costs.
2. A memo is filed by applicant bank stating therein that pending scrutiny of above OA, defendants had approached applicant bank for settlement under OTS, which was E-Drt Dy.No.4770/2023
02.02.2024 accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.18,80,000/- on 12.04.2023 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 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 PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 02nd day of February, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER