Debts Recovery Tribunals and Appellate Tribunals
Sri Mappillai Vinaiyagar Spinning Mills vs TAMILNAD MERCANTILE BANK LIMITED on 6 November 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 747/2026 (Waiver) in A.IR:397/2026
Sri Mappillai Vinaiyagar Spinning Mills & 6 ors V/S Tamilnad Mercantile Bank ltd 06/11/2026
Learned counsel for both sides are present. When the matter is taken up, learned counsel appearing for the parties submitted that the parties entered into a compromise and OTS has been reached. As per OTS, entire amount has been paid. Thus, learned counsel for the petitioners/appellants seeks permission for withdrawal of this appeal. In view of the settlement, permission is granted and the appeal is dismissed as settled out of the Tribunal. Parties shall bear their own costs. Pending IAs, if any shall stand closed. Sd/-
Chairperson