Debts Recovery Tribunals and Appellate Tribunals
INDIAN OVERSEAS BANK vs Ms Shree Krishna Plastic Process Pvt Ltd And Four Others on 5 December 2024
TA No.803 of 2023 (C)
05.12.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 05th day of December, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 803 of 2023
(Originally filed before DRT- II, Chennai as OA 128/2018 and thereafter transferred to this Tribunal and renumbered as TA No. 803 of 2023)
Indian Overseas Bank,
Rep by its Assistant General Manager,
Mount Road Branch,
No. 801, Anna Salai,
Chennai – 600 002.
…. Applicant
-Vs-
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1. M/s. Shree Krishna Plastic Process Pvt. Ltd., Represented by its Managing Director, Having registered office at:
No.1, Bhagirathi Ammal Street, T.Nagar,
Chennai – 600 017.
And also at:
S. No. 2, Aruvela Road, Hanuman Nagar,
Nindra Mandal, Chitoor District,
Andhra Pradesh – 517 591.
No. F-9, 11th Street,
Ambattur Industrial Estate,
Chennai – 600 058.
2. Sri. A. Ramesh,
S/o. A. Balasubramaniam Naidu,
Old No. 13, New No. 21, North Crescent Road,
T. Nagar, Chennai – 600 017.
3. Smt. Jyoti Ramesh, W/o. Sri. A. Ramesh,
Old No. 13, New No. 21, North Crescent Road,
T. Nagar, Chennai – 600 017.
4. Ms. Preethi Yachamaneni,
Old No. 13, New No. 21, North Crescent Road,
T. Nagar, Chennai – 600 017.
TA No.803 of 2023 (C)
05.12.2024
5. Ms. A. Keerthi,
Old No. 13, New No. 21, North Crescent Road,
T. Nagar, Chennai – 600 017.
6. M/s. Sri Krishna sales and Service Partnership Firm, Rep by its Managing Partner, Smt. A. Jyothi, No. 21, North Crescent Road,
T. Nagar, Chennai – 600 017.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant Bank : M/s. K. Parameshwari
Counsel for Defendant
: M/s. B. Sudarshan
PROCEEDINGS DATED 05.12.2024
1. The matter is at the stage of final argument. However, the bank had filed a Memo dated 02.12.2024.
2. Heard the Ld. Counsel.
3. OA filed for recovery of Rs.5,87,63,902 is settled out of Court at Rs.1,00,58,980 and that the bank is fully satisfied with the OA claim. The Memo is duly signed by the Ld. Counsel and the Authorized Officer.
4. In view of the above, OA stands disposed of as settled. The applicant be refunded with the Court Fee to the extent eligible under the rules.
5. Original documents may be returned. Sd/- (A.S. JAYACHANDRA)
PRESIDING OFFICER (In-charge)
(Dictated to Steno, who typed directly in the system, corrected, signed and pronounced in Open Court, on this the 05th day of December, 2024)