Debts Recovery Tribunals and Appellate Tribunals
CANARA BANK vs Mrs A Manikamuthu And Four Others on 29 April 2024
T.A. No. 688 of 2023
29.04.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of April, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 688 of 2023
(Originally filed before DRT- II, Chennai as OA 412/2018 and thereafter transferred to this Tribunal and renumbered as TA No 688 of 2023)
Canara Bank, G.P. Road Branch
Represented by its Chief Manager
No.110, G. P. Road, Chennai-600 002.
. ….Applicant
-Vs-
1.
Mrs. A. Manikamuthu, W/o. Late Shri. P. Abraham Proprietarix of M/s. Valli Traders, New No.32, (Old No.40/2), West Kalmandapam Royapuram, Chennai- 600 013.
2.
Mrs. M. Anbumani Victoria
D/o. (Late) Shri. P. Abraham
New No.32, (Old No.40/2), West Kalmandapam Royapuram, Chennai- 600 013.
3.
Mrs. S. Angel Hepsibha
D/o. (Late) Shri. P. Abraham
New No.32, (Old No.40/2), West Kalmandapam Royapuram, Chennai- 600 013.
4.
Mrs. A. Agnes Emma,
D/o. (Late) Shri. P. Abraham
New No.32, (Old No.40/2), West Kalmandapam Royapuram, Chennai- 600 013.
5.
Mr. A. Immanuel , S/o. Late) Shri. P. Abraham New No.32, (Old No.40/2), West Kalmandapam Royapuram, Chennai- 600 013.
…..Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. M. Muthukumaran
T.A. No. 688 of 2023
29.04.2024
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ORDER
1. This OA is filed by the applicant bank for recovery of a sum of Rs.1,34,22,143.34p together with future interest and costs.
2. A memo is filed on behalf of applicant bank submitting 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, defendants had remitted a sum of Rs.43,51,000/- 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 return of original documents filed along with proof affidavit.
3. Perused. Memo is taken on record. Allowed. In the result, this OA is disposed of as settled out of Court, however without costs. Registry is directed to return all documents filed along with proof affidavit to applicant bank under proper acknowledgment 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 29th day of April, 2024)
Sd/-
(GANAPATHI K.R.K)
PRESIDING OFFICER