Debts Recovery Tribunals and Appellate Tribunals
Sree Subramaneshwara Co Operative Bank Ltd vs M/s UCO Bank & anr on 30 October 2024
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 30th day of October, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
RA (SA) 175/2019
(Arising out of SA 111/2019 on the file of DRT-I Bengaluru)
Between
Sree Subramaneshwara Co-operative Bank Limited,
‘Rajatha Bhavan’
No. 106, R.V. Road, V.V. Puram,
Bangalore – 560 004.
Represented by its General Manager,
Sri. B.R. Nagaraj.
..... Appellant
And
1. M/s. UCO Bank,
Zonal Office, II Floor,
No. 13/12, Kempegowda Road,
Bangalore – 560 009.
Represented by its Authorised Officer.
And Also At:-
No. 147, East Point College Campus,
Virgonagar Post,
Bidarahalli, Bangalore – 560 049.
Represented by its Authorised Officer.
2. Smt. M. Govindamma,
W/o. V. Shamaraju,
No. 45, ‘Banashankari Nilaya’
Doctors Layout,
Whitefield, Bangalore – 560 066.
….. Respondents
Counsel for Appellant
: M/s. Indumathi Ravi & N. Sharmila
Counsel for Respondents
: M/s. V. Suthakar, K.S. Viswanathan & T. Hemalatha
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ORDER
Ld. Counsel for R1 Bank is present.
A Memo has been filed on 23.10.2024 by appellant, expressing intention of the appellant to withdraw the present appeal. It is seen from the Memo that appellant intends to withdraw the present appeal and has filed this Memo seeking permission to withdraw the Appeal.
Ld. Counsel for R1 bank submitted that appellant sold the property in dispute to a third party even after making objection by the R1 bank on 13.7.2022.
However, this appeal has been filed by the appellant and appellant does not want to prosecute the appeal now. Therefore, the memo is taken on record and permission is accorded to the appellant for withdrawal of appeal.
Accordingly, Appeal RA(SA) 175/2019 is dismissed as withdrawn. R1 bank may take any legal course of action in the manner, known to law.
(JUSTICE G. CHANDRASEKHARAN)
CHAIRPERSON