Debts Recovery Tribunals and Appellate Tribunals
M/s Sri Vasavi Marketing vs INDIAN BANK on 8 September 2026
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 8TH Day of September, 2026
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
IA 1760/2025 (Delay)
IN
AIR 2042 of 2025
(Arising out of SA 438/2024 on the file of DRT-I, Karnataka at Bengaluru)
Between
1. M/s. Sri Vasavi Marketing,
29/A, Car Street, Ward 81,
Ulsoor, Bengaluru,
Karnataka – 560 008.
2. V.K. Shashi Kumar,
(Proprietor of M/s. Sri Vasavi Marketing), 29/A, Car Street, Ward 81, Ulsoor, Bengaluru, Karnataka – 560 008.
… Appellants
AND
1. The Authorised Officer,
Indian Bank,
110 MG Road,
Bengaluru, Karnataka – 560 001.
2. Vinutha V.S.,
W/o V.K. Sashi Kumar,
Ward 81, Ulsoor, Bengaluru,
Karnataka – 560 008.
..Respondents
Counsel for the Appellants : M/s . B. Rajesh
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ORDER
Learned counsel for the petitioners/appellant filed a memo stating that this matter has been settled through OTS and seeks permission of this Tribunal for withdrawal of this appeal.
2. In view of the settlement of the dispute out of the Tribunal through OTS and the withdrawal memo filed, the petitioners/appellants are permitted to withdraw this appeal. Accordingly, this appeal is dismissed as withdrawn. Parties shall bear their own costs. Pending IAs, if any, shall stand closed.
Sd/-
(JUSTICE G. CHANDRASEKHARAN)
CHAIRPERSON