Debts Recovery Tribunals and Appellate Tribunals
Mr Praveen Shenoy vs State Bank of India on 13 October 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
M.A(S.A):5/2022
Praveen Shenoy V/S Ao, Sbi
13/10/2026
Learned counsel for the appellant and the learned counsel for the respondent are present. Learned counsel for the appellant in both the appeals has filed a memo for withdrawal of the appeals on the ground the respondent-Bank agreed for settlement of loan account for a sum of Rs.68,00,000/- and a sum of Rs.7,00,000/- has to be paid by the appellant as a pre-condition for issuance of OTS letter. In the withdrawal memo, the learned counsel for the appellant also prays for refund of pre-deposit, which was deposited for entertaining the appeals. In view of the memo filed for withdrawal of these appeals, the appeals in RA (SA) 5/2022 and MA (SA) 5/2022 are dismissed as withdrawn. Parties shall bear their own costs. Pending IAs, if any, shall stand closed. The pre-deposit amount of Rs.12,00,000/- with accrued interest, if any, is ordered to be refunded to the appellant.
Sd/-
Chairperson