Debts Recovery Tribunals and Appellate Tribunals
IDBI BANK vs ABDUL KHADER AMBALAM on 26 September 2024
TA No.183 of 2024
26.09.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 26th day of September, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 183 of 2024
(Originally filed before DRT-II, Chennai in OA Dy No.1021/2022 and thereafter transferred to this Tribunal and renumbered as TA No 183 of 2024)
M/s. IDBI Bank Ltd.,
Rep. by its Authorized Signatory
Regional Office, TN – 1,
Greams Road,
Chennai – 600 006
.…. Applicant
-Vs-
1.
Mr. Abdul Khader Ambalam
S/o. Abubakka Ambalam
No. 59, Tiruppur Kumaran Main Street,
Puzhal, Chennai – 600 066.
2.
Mrs. Fairoja Begum
D/o. Abdul Hameed,
No. 59, Tiruppur Kumaran Main Street,
Puzhal, Chennai – 600 066.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant
:
M/s. S Parthasarthy
PROCEEDINGS DATED 26.09.2024
Ld. Counsel for the applicant bank submits that the matter is settled. During the first hearing itself it was submitted before the Registry that the matter is settled.
TA No.183 of 2024
26.09.2024
Today, the Memo dated 02.09.2024 is filed on 03.09.2024 is posted before the Tribunal. It is seen that the same is endorsed by the Authorized Signatory of the bank and counter signed by the Counsel wherein it is recorded that:-
1. TA is filed for recovery of Rs.60,56,742/-.
2. In the Memo, it is submitted that the dispute is settled by way of OTS
at Rs.77,79,571/-towards full and final and the same is 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 Memo filed.
Accordingly, the following
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ORDER
(a) TA stands disposed of as settled outside the Tribunal (b) The Court Fee may be refunded to the extent the applicant is eligible in accordance with the rules. 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 26th day of September, 2024)