Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs R TARA on 24 July 2024
TA No.706 of 2023
24.07.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 24th day of July, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 706 of 2023
(Originally filed before DRT- II, Chennai as OA 08/2022 and thereafter transferred to this Tribunal and renumbered as TA No 706 of 2023)
State Bank of India,
Retail Assets Central Processing Centre, MRC Nagar, No. 4, Santhome High Road, Mylapore, Chennai – 600 004.
Represented by its Chief Manager
…. Applicant
-Vs-
Mrs. R. Tara,
W/o. Late Rajasekaran,
No. 8, Surya Street, Bharani Colony,
Saligramam, (Passport Office)
Chennai – 600 093.
…. Defendant
Counsels on record / appeared:
Counsel for Applicant
:
M/s. Suresh Law Associates
Defendant set ex-parte on 18.07.2022
PROCEEDINGS DATED 24.07.2024
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1. Perused the note sheet dated 09.08.2024 placed by the Registrar before the Bench for considering the full satisfaction memo filed by the applicant bank.
2. The Ld. Counsel for the applicant bank submits that OA may be permitted to be withdrawn in view of the full satisfaction, for which, a full satisfaction memo is filed intimating the sale of schedule ‘D’ properties of the OA under SARFAESI Act.
3. In view of the above and the memo indicating the realization of the sale proceeds of Rs.62,00,000/- having been adjusted to the claim and the balance TA No.706 of 2023
24.07.2024 having been credited to the borrower’s account, the OA does not survive for any consideration.
4. In view of the memo and the separate endorsement made by the Ld. counsel for the applicant today on the full satisfaction memo, the OA stands disposed as not pressed.
5. The documents sought to be returned as per Form 11 may be returned after filing an affidavit by the bank to the effect that there no legal impediments /pendency of any case before any other Forum.
6. Copies be communicated to the party. Sd/- (A.S. JAYACHANDRA)
PRESIDING OFFICER (In-charge)