Debts Recovery Tribunals and Appellate Tribunals

IDBI BANK vs JAYAPRAKASH on 31 December 2024

TA No.635 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. 635 of 2023

(Originally filed before DRT- II, Chennai as OA 158/2022 and thereafter transferred to this Tribunal and renumbered as TA No 635 of 2023)

M/s. IDBI Bank Ltd.,

Rep by its Authorized Signatory,

Mr. N. Vijayendra Raj,

No.38, G.A. Road,

Old Washermanpet,

Chennai – 600 021.

.…. Applicant

-Vs-

1.

Mr. V. Jayaprakash,

S/o. Late Mr. Vazh Muni,

No.30/11, North Matha Church Street,

Royapuram, Chennai – 600 013.

2.

Mrs. Kavitha Prakash,

W/o. V. Jayaprakash,

No.30/11, North Matha Church Street,

Royapuram, Chennai – 600 013.

3.

Mrs. Prakalatha,

D/o. Late Mr. Vazh Muni,

No.57, Irusappachetty Street,

Cuddalore – 607 003.

4.

Mrs. Thilagavathy,

W/o. Late Mr. Vazh Muni,

No.30/11, North Matha Church Street,

Royapuram, Chennai – 600 013.

5.

Mr. V. Sivaprakash,

S/o. Late Mr. Vazh Muni,

No.30/11, North Matha Church Street,

Royapuram, Chennai – 600 013.

…. Defendants

TA No.635 of 2023

Page 1 of 2

31.12.2024

Counsels on record / appeared:

Counsel for Applicant Bank

:

M/s. S. Parthasarthy

PROCEEDINGS DATED 31.12.2024

Ld. Counsel for the applicant submits that a Memo has been filed regarding regularization of the loan account and borrower continues the repayment of monthly instalments.

In view of the above, the applicant prays for withdrawal of the TA.

Heard the Ld Counsel. In view of the memo, the OA is being disposed of by the following:-

ORDER

 OA stands disposed of as withdrawn  The applicant bank is eligible to the refund of Court Fee to the extent permissible under the rules. A copy of this order be communicated to 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)

Page 2 of 2

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