Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs Vijayakumar on 1 June 2024
T.A. No. 238 of 2023 01.06.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 01st day of June, 2024
Present: Shri Ganapathi K.R.K.
Presiding Officer
TRANSFERRED APPLICATION No. 238 of 2023
(Originally filed before DRT- II, Chennai as OA 228/2020 and thereafter transferred to this Tribunal and renumbered as TA No 238 of 2023)
State Bank of India
ARM Branch Chennai
44, 1st Floor, Eldams Road, Teynampet,
Chennai – 600 018.
Rep. by it’s Manager & Case Officer
Mr. C. S. Srinivasan
….Applicant
-Vs-
Mr. S. VIjayakumar S/o. Sivaramakrishanan No.33/F7, Om Suyajothi, Muthaiah Nagar, Kovilambakkam, Chennai – 600 117.
.
Also available at:
AATA Om Saravanabava Developers
No.2/3, 13th Street, Tansi Nagar,
Velachery, Chennai – 600 042.
Also available at:
Flat No.f-4, “Naveen Jothi”,
No.13, SCR Avenue, New S. No.300/2A,2B
Old S.No.300/2A2, Okkiam, Thoraipakkam,
Chennai – 600 080.
…..Defendant
.
Counsels on record / appeared:
Counsel for Applicant
:
M/s. E. Kumar
Counsel for Defendant
:
M/s. M. Aravind Subramaniam
T.A. No. 238 of 2023 01.06.2024
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ORDER
1. This TA is filed by the applicant bank for recovery of a sum of Rs.20,45,278.14p together with future interest and costs.
2. A memo is filed by applicant bank stating therein that during pendency of the above TA, defendant had approached applicant bank for settlement under OTS, which was accepted by applicant bank and accordingly, defendant had remitted a sum of Rs.24,60,210/- towards full and final settlement of the TA claim and the loan account was closed on 29.12.2023. Hence, applicant bank prayed that the TA claim may be treated as settled out of Court. Applicant bank also filed two separate memos for return of documents A-1 to A-11 and also for refund of Court fee.
3. Copy of memo is served to defendant, who had acknowledged the same.
4. Perused. Memo is taken on record. Allowed. In the result, this TA is disposed of as settled out of Court, however without costs. Registry is directed to return documents marked as Ex A-1 to A-11 to applicant bank under proper acknowledgment. Memo is signed by City Case Officer, SARB-II of applicant bank, counsel for respondent bank and defendant. Registry is directed to process 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 01st day of June, 2024)
Sd/- (GANAPATHI K.R.K) PRESIDING OFFICER