Debts Recovery Tribunals and Appellate Tribunals
FEDERAL BANK vs Usharani on 20 August 2024
TA No.1436 of 2023
20.08.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 20th day of August, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1436 of 2023
(Originally filed before DRT- II, Chennai as OA 219/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1436 of 2023)
M/s. The Federal Bank Limited,
Branch Chennai / T.Nagar,
Having Office at
No. 29, Dr. Nair Road,
T. Nagar, Chennai – 600 001.
.…. Applicant
-Vs-
1.
Ms. T.S. Usharani
W/o. T. G. Sridhar (Late)
Old No. 30, New No. 49,
North Usman Road,
T. Nagar, Chennai – 600 017.
2.
Mr. T.S. Mohanraj,
S/o. T.G. Sridhar (Late)
Old No. 30, New No. 49,
North Usman Road,
T. Nagar, Chennai – 600 017.
3.
Ms. T. S. Ishwrya
D/o. T. G. Sridhar (Late)
Old No. 30, New No. 49,
North Usman Road,
T. Nagar, Chennai – 600 017.
4.
Ms. T. S. Sowbhagya
D/o. T. G. Sridhar (Late)
Old No. 30, New No. 49,
North Usman Road,
T. Nagar, Chennai – 600 017.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant
:
Mr. B. Sridharan for
M/s. S. Sathiyanarayanan
TA No.1436 of 2023
20.08.2024
PROCEEDINGS DATED 20.08.2024
The Ld. Counsel submits that the matter is settled it.
Perused the Full Satisfaction Memo dated 03.07.2024 filed by the applicant bank, reporting:-
1.
OA is filed for recovery of Rs.1,13,92,651.96p
2.
In the Memo duly signed by the AVP/Branch Head of the applicant bank and the D1 to D4, it is submitted that the dispute is settled at Rs.1,15,00,000/- on 30.06.2024 under OTS. The applicant bank is in receipt of entire amount agreed between the parties. The claim is thus satisfied.
3.
Having heard the Ld. Counsel for the applicant bank, there remains nothing to be considered in the present case in view of the full satisfaction Memo filed.
Accordingly, the following
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ORDER
OA stands disposed of as settled outside the Tribunal
2. In view of the OA stands disposed of as settled outside the Tribunal, the original documents may be returned. The applicant is entitled to refund of Court Fee to the extant permissible under the Rules.
3. Copies be communicated to all parties.
Sd/- (A.S. JAYACHANDRA)
PRESIDING OFFICER (In-charge)
(Dictated to Steno, who typed in the system, corrected, signed and pronounced in Open Court, on this 20th day of August, 2024)