Debts Recovery Tribunals and Appellate Tribunals
INDIAN OVERSEAS BANK vs SAKTHIVEL on 31 December 2024
TA No.1286 of 2023
31.12.2024
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 31st day of December, 2024
Present: SHRI A. S. JAYACHANDRA
Presiding Officer (In – charge)
TRANSFERRED APPLICATION No. 1286 of 2023
(Originally filed before DRT- II, Chennai as OA 238/2021 and thereafter transferred to this Tribunal and renumbered as TA No 1286 of 2023)
Indian Overseas Bank,
Rep by its Manager,
CLC Road, Chrompet,
Chennai – 600 044.
.…. Applicant
-Vs-
1.
Mr. D. Sakthivel,
S/o. V. Dharmalingam,
2.
Mrs. Indira Sakthivel,
W/o. D. Sakthivel,
Both are residing at Flat No. S2,
Old No. 20/1, New No. 50,
Venugopal Street, Saidapet,
Chennai – 600 015.
…. Defendants
Counsels on record / appeared:
Counsel for Applicant Bank
:
M/s. N. Karunanidhi
Counsel for Defendant
:
M/s. K. Mohan
PROCEEDINGS DATED 31.12.2024
Ld. Counsel for the applicant has moved the “Full Satisfaction Memo” dated 19.12.2024, duly signed by the Authorized Officer of the bank wherein it is recorded that:-
1.
TA is filed for recovery of Rs.43,32,667/- along with interest against all the defendants TA No.1286 of 2023
31.12.2024
2.
It is reported that the defendants approached the bank and offered to settle the account. On the OTS offered, the borrowers had settled account at Rs.22,30,000/- to the full and final satisfaction of the applicant bank in the present OA claim.
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
OA stands disposed of as settled outside the Tribunal. The original documents, if any, may be returned, if proper Form- 11 is filed along with photo copies.
4. A copy of this order be communicated 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 31st day of December, 2024)