Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs M/S Optical Expression on 24 September 2024
TA No.72 of 2023
24.09.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 24th day of September, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 72 of 2023
(Originally filed before DRT-II, Chennai as OA 816/2019 and thereafter transferred to this Tribunal and renumbered as TA No 72 of 2023)
M/s. Punjab National Bank,
K.K. Nagar Branch, No. 347,
Dr. Lakshmanasamy Salai, K. K. Nagar,
Chennai – 600 078.
Represented by its Senior Manager.
.…. Applicant
-Vs-
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1. M/s. Optical Expressions,
Rep. by Proprietor Mrs. Yasmin Banu
Plot No. 82, Jagadamba Complex, M.G.R. Road, Nanganallur, Chennai – 600 061.
2. Mrs. Yasmin Banu, W/o.
No. 2091, 2nd Block, Appasamy CERUS Apartments, Arcot Road, Virugambakkam, Chennai – 600 093.
3. Anwar Basha S/o.
PC3, Double Tank Colony,
K.K. Nagar,
Chennai – 600 078.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant : M/s.. S. Vaidyanathan
Counsel for D3
: M/s. Shabnam Banu
PROCEEDINGS DATED 24.09.2024 Applicant bank moved full satisfaction memo dated 04.09.2024. Heard the Ld. Counsel.
TA No.72 of 2023
24.09.2024 ORDERS ON MEMO DATED 04.09.2024
1. OA is filed for recovery of Rs. 44,59,493 along with interest.
2. The account is settled under OTS for 62,50,000 on 15.08.2024.
In view of the memo supported by the affidavit of the Bank official, the present TA, stands disposed of as settled outside the tribunal. The original documents as per Form 11 filed, if found on record may be returned to the applicant upon acknowledgement. A copy of this order be sent to all the parties concerned.
Sd/- (A.S. JAYACHANDRA)
PRESIDING OFFICER (In-charge)
(Dictated to Steno in open court, who typed in the system, corrected, signed and pronounced by me on this the 24th day of September, 2024)