Debts Recovery Tribunals and Appellate Tribunals

ALLAHABAD BANK vs Ram Mohan R on 19 September 2024

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TA No.1008 of 2023

19.09.2024

IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI

Dated this the 19th day of September, 2024

Present: SHRI A. S. JAYACHANDRA

Presiding Officer (In – charge)

TRANSFERRED APPLICATION No. 1008 of 2023

(Originally filed before DRT- II, Chennai as OA 56/2020 and thereafter transferred to this Tribunal and renumbered as TA No 1008 of 2023)

*M/s. Indian Bank

Represented by its Assistant General Manager Stressed Asset Management Branch, Apex Chamber, No.20, Sir Theagaraya Road,

T. Nagar, Chennai – 600 017.

.…. Applicant

-Vs-

1.

Mr. R. Ram Mohan

S/o. Mr. Rajamanikam,

Old No. 49/1420, New Door No. 23,

Thandan Street, Sevapet, Salem.

Also at:

No.18, Jothi Nagar 1st Street,

Ekkatuthangal,

Chennai – 600 097

Farm Address

Survey No. 640/5A, Nagalapuram Village,

Thuraiyur Taluk,

Trichy District.

2.

Dr. Lakshmi Anandan,

S/o. Mr. T.R. Ramanathan

No. 7- A, Balasundaram Layout ,

Avarampalyam Road

Coimbatore.

Also at:

11C, Santhaipettai Street,

Uthamapalayam Taluk,

Podinayakkanur, Town

. …. Defendants

(*Amendment carried out as per order of this Hon’ble Tribunal dated 21.07.2022)

TA No.1008 of 2023

19.09.2024

Counsels on record / appeared:

Counsel for Applicant

:

M/s. RRK Associates

PROCEEDINGS DATED 19.09.2024

The Memo dated 12.03.2024 which is filed on 13.03.2024 by the bank is counter signed by the Senior Manager of the bank wherein it is recorded that:-

1.

TA is filed for recovery of Rs.35,01,138.91p /-.

2.

In the Memo, it is submitted that the dispute is settled out of Court by OTS at Rs.27,19,000 fully and finally and that the same is satisfied

3.

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

TA stands disposed of as settled outside the Tribunal A copy of this order be sent to all the parties concerned.

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 19th day of September, 2024)

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