Debts Recovery Tribunals and Appellate Tribunals
IDBI BANK vs JAI KRISHNA SUDHARSAN on 29 August 2024
TA No.359 of 2023
29.08.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 29th day of August, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 359 of 2023
(Originally filed before DRT- II, Chennai as OA 101/2022 and thereafter transferred to this Tribunal and renumbered as TA No 359 of 2023)
M/s. IDBI Bank Ltd.,
Rep. by its Branch Manager, S. Hemanth
Pe Ve Plaza, No. 9, Lakshmi Nagar,
Arcot Road, Porur, Chennai – 600 116.
.…. Applicant
-Vs-
1.
Mr. Jai Krishna Sudharsan,
S/o. J. Sudharsan,
Flat No. 36, Indira Gandhi Nagar,
Karayambedu, Chennai – 603 202.
Also at:
Mr. Jai Krishna Sudharsan,
No. 4A, Thirumurgan Street,
Kalashetra Colony,
Besant Nagar Extension,
Thiruvanmiyur,
Chennai – 600 041.
2. Mrs. Kumudha
W/o. Mr. J. Sudharsan
Flat No. 36, Indira Gandhi Nagar,
Karayambedu, Chennai – 603 202.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant
:
Ms. Venmani for Sh. S. Parthasarathy
TA No.359 of 2023
29.08.2024
PROCEEDINGS DATED 29.08.2024
Ld. counsel for the applicant bank submits that they have filed full satisfaction memo dated 15.04.2024 filed on 17.04.2024, which is duly signed by the Authorized Signatory of the bank. It was observed that:-
1.
OA is filed for recovery of Rs.1,15,75,030/-
2.
The dispute is settled at Rs.1,02,05,600 on 09.12.2022 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 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 29th day of August, 2024)