Debts Recovery Tribunals and Appellate Tribunals
BANK OF INDIA vs M S SREE SAI AGENCIES on 26 August 2024
TA No.1610 of 2023
26.08.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of August, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1610 of 2023
(Originally filed before DRT- II, Chennai as OA 646/2019 and thereafter transferred to this Tribunal and renumbered as TA No 1610 of 2023)
M/s. Bank of India
K. K. Nagar Branch,
No. 456, R. K. Shanmugam Road,
Sector 6, K. K. Nagar,
Chennai – 600 078.
Represented by its Constituted Attorney
….Applicant
-Vs-
1.
M/s. Sree Sai Agencies
Plot No. 456, Ground Floor,
Viduthalai Nagar Extension
Sunnambu Kolathur,
Chennai – 600 117.
2.
Mrs. S. Uma Maheswari
W/o. Mr. S. Sachithanantham
Proprietor, M/s. Sree Sai Agencies
New No. 30, Old No. 976,
Lakshmanasamy Salai,
K.K. Nagar, Chennai – 600 078.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. M. P. Venkateswaran
Defendants set ex-parte on 30.11.2021
PROCEEDINGS DATED 26.08.2024
The Ld. Counsel submits that the matter is settled.
Perused the Full Satisfaction Memo dated 21.08.2024 filed by the applicant bank on 23.08.2024, reporting:- TA No.1610 of 2023
26.08.2024
1.
OA is filed for recovery of Rs.30,91,352/-.
2.
Memo is filed by the applicant bank duly signed by the Chief Manager of the applicant bank as well as Counsel. It is submitted that the dispute is settled at Rs.6,10,000 on 24.07.2024 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
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ORDER
(a) OA stands disposed of as settled outside the Tribunal.
(b) The original documents may be returned. The applicant is entitled to refund of Court Fee to the extent permissible under the Rules.
4. 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 26th day of August, 2024)