Debts Recovery Tribunals and Appellate Tribunals
BANK OF BARODA vs M/s Celebrity Exports on 29 February 2024
T.A. No. 1033 of 2023
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
TRANSFERRED APPLICATION No. 1033 of 2023
(Originally filed before DRT- II, Chennai as OA.294/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1033 of 2023)
M/s. Bank of Baroda
International Business Branch
No.45, Moore Street
Chennai-600 001
Rep by its Assistant General Manager
….Applicant
-Vs-
1. M/s. Celebrity Exports, A Partnership Firm No.28/37J, II Floor, Kattur Sadayapan Street, Chennai-600 003.
Mr. T.S. Vasan,
No.18, Subbaraya Chetty Main Street
Royal Apartments, F4 Block, Kilpauk
Chennai-600 010.
3.
Mr. P. Tanveer Ahmed ,
No.18, Gadi Abdul Gani Street,
Ambur – 635 802.
Vellore District
No.44/45, Flat No.3C,
Sapphire Square Apartment
Perambur Barracks Road,
Purasawalkam,
Chennai-600 006.
4. Mrs. M. Shaziya
W/o. Mr. P. Tanveer Ahmed,
No.18, Gadi Abdul Gani Street,
Ambur – 635 802.
Vellore District
T.A. No. 1033 of 2023
29.02.2024
No.44/45, Flat No.3C, Sapphire Square Apartment Perambur Barracks Road, Purasawalkam, Chennai-600 006.
….Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. R. Umasuthan
Counsel For Defendants
:
M/s. N. Nanda Kumar
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ORDER
1. This OA is filed by the applicant bank for recovery of a sum of Rs.67,59,687/- together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of the above OA, defendants have approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, the defendants have remitted a sum of Rs.19,00,000/- 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 also prayed for refund of court fee.
3. Heard. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. Memo is signed by Authorized Signatory of Bank of Baroda. Registry is directed to verify the signatures and process 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