Debts Recovery Tribunals and Appellate Tribunals
CANARA BANK vs G M Rerollers on 28 March 2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 28th day of March, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 336 of 2023
(Originally filed before DRT- II, Chennai as OA 422/2021 and thereafter transferred to this Tribunal and renumbered as TA No 336 of 2023)
M/s .Canara Bank
Sowcarpet Branch,
(Presently Merged with Mint Street Branch, Chennai)
479, Mint Street,
Chennai-600 079.
Rep by its Senior Manager
….Applicant
-Vs-
1.
M/s. G.M. Rerollers,
Rep by its Partners,
Mrs. Lalitha Devi Agarwal,
W/o. Manmohan Agarwal,
New No.170, Old No.28, Mettu Street,
Sathangadu. Thiruvottiyur,
Chennai-600 019
2.
Mrs. Lalitha Devi Agarwal,
W/o. Manmohan Agarwal (Late)
Partner of G.M. Rerollers
3.
Mr. Hemant Agarwal,
S/o. Manmohan Agarwal (Late)
4.
Mrs. Shashi Goel
D/o. Manmohan Agarwal (Late)
5.
Mrs. Sonam,
W/o. Vikas Moda
6.
Mrs. Dolly Bhalotia,
W/o. Abhishek
7.
Mrs. Nandhini Metha
W/o. Kapil
Defendants 2 to 7 are LRs of Late Mr. Manmohan Agarwal, Borrower / partner of G.M. Rollers All are residing at No.14, Murthy Street Agatheeswarar Nagar Kilpauk, Chennai – 600 010
…..Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. N.G. Durairajan
Counsel for Defendants
:
M/s. M. Kamalkannan
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ORDER
1. This OA is filed by the applicant bank for recovery of a sum of Rs.34,34,56,062.77 p 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 was accepted by applicant bank vide its sanction dated 31.01.2024 and accordingly, defendants had remitted a sum of Rs.18,85,00,000/- on 21.02.2024 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 return of all documents filed along with proof affidavit.
3. Copy of memo is sent to defendants by post and applicant bank had furnished postal receipts 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. Registry is directed to return all documents filed along with proof affidavit to applicant bank under proper acknowledgment as per extant guidelines. (Dictated to PS, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 28th day of March, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER