Debts Recovery Tribunals and Appellate Tribunals
ORIENTAL BANK OF COMMERCE vs GOPIVARDHAN on 23 December 2024
TA No.1110 of 2023
23.12.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 23rd day of December, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1110 of 2023
(Originally filed before DRT- II, Chennai as OA 156/2020 and thereafter transferred to this Tribunal and renumbered as TA No. 1110 of 2023)
M/s. Punjab National Bank,
Circle Sastra –Chennai North,
Anna Salai, Chennai -600 002.
Represented by its Chief Manager
.…. Applicant
-Vs-
Mr. P. Gopivardhan S/o. V. Parthasarathi No.4/108A, Erikari Street, Melathur, Somamangalam, Chennai – 600 069.
Also available at:
Plot No. 102, RS No. 298/25,
Flat No. S2. 2nd Floor, JJR Homes,
Ganapathy Nagar 1st Street,
Anakaputhur Village,
Chennai – 600 070.
…. Defendant
Counsels on record / appeared:
Counsel for Applicant
:
M/s. E. Kumar
PROCEEDINGS DATED 23.12.2024
IA/2441/2024 - Upon the IA moved for advance hearing petition, the matter is taken up today from 13.02.2025 to this day. Perused and the same is allowed.
Ld. Counsel for the applicant has moved the Full Satisfaction Memo dated 03.07.2024 duly signed by the Chief Manager of the bank wherein it is recorded that:- TA No.1110 of 2023
23.12.2024
Orders on Full Satisfaction Memo
Perused the full satisfaction memo.
1. The OA is filed for recovery of Rs.24,34,428.50p along with interest against all the defendants.
2. It is reported that the defendants approached the bank and offered to settle the account. On the OTS offered, the borrower had settled account at Rs.20,00,000 and the account is closed on 01.12.2023.
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TA stands disposed of as settled and withdrawn. The original documents, if any, may be returned, if proper Form- 11 is filed along with photo copies. The applicant is entitled for refund of Court Fee to the extent permissible under the rules. The earlier date fixed stands cancelled. 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 directly in the system, corrected, signed and pronounced in Open Court, on this the 23rd day of December, 2024)