Debts Recovery Tribunals and Appellate Tribunals
JAMMU AND KASHMIR BANK LIMITED vs Shibu on 23 April 2024
T.A. No. 437 of 2023
23.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 23rd day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 437 of 2023
(Originally filed before DRT- II, Chennai as OA 195/2021 and thereafter transferred to this Tribunal and renumbered as TA No 437 of 2023)
M/s. Jammu & Kashmir Bank
Mount Road Branch
Rep by its Branch Head Mr. Ravikumar Trichal No.221, 1st Floor, Metro Plaza, Anna Salai, Mount Road Chennai-600 002.
….Applicant
-Vs-
1.
K.S. Shibu
S/o. Mr. Shahul Hameed
No.4/6, A.K.R. Nagar, II Street,
Valasaravakkam, Chennai-600 087.
2.
A. Habeeb
S/o Abdul Kafoor
No.1, Muthu Mari Amman Koil Street,
Rajiv Gandhi Nagar, Alapakkam
Chennai-600 087.
…..Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. J. Senthil Kumar
Counsel for Defendants
:
M/s. R. Baskar
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ORDER
1. This OA is filed by the applicant bank for recovery of a sum of Rs.20,18,876/- together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of the above OA, defendants had approached applicant bank for settlement under OTS, which
T.A. No. 437 of 2023
23.04.2024
was accepted by applicant bank and accordingly, defendants had remitted a sum of Rs.1,70,034/- 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. Copy of memo is sent to other side by post, applicant bank had furnished postal receipt evidencing the same.
4. 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 pronounced by me in Open Court, on this the 23rd day of April, 2024)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER