Renganathan v. M/S.Equites Small

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 16.09.2022

CORAM:

THE HONOURABLE MRS.JUSTICE J.NISHA BANU and THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH C.R.P(PD)(MD)No.495 of 2020 and C.M.P(MD)Nos.3107 and 3108 of 2020 Renganathan ... Petitioner Vs.

M/s.Equitas Small Finance Bank Ltd., Rep. by its Legal Manager, 2nd Floor Sri Nagar Arcade, No.5, Williams Road, Trichy.

... Respondent PRAYER: Petition filed under Article 227 of the Constitution of India, to set aside the order made in I.A.No.2604 of 2019 in S.A.No. 621 of 2019, dated 20.02.2020, pending on the file of the Debts Recovery Tribunal at Madurai.

For Petitioner : Mr.S.Siva Ilayaraja For Respondent :

:

Mr.M.Ponnaiah

O R D E R

************ J. NISHA BANU , J.

AND N. ANAND VENKATESH, J.

The order passed by the Debts Recovery Tribunal at Madurai in I.A.No.2604 of 2019 in S.A.No.621 of 2019, dated 20.02.2020, was the subject matter of challenge in this Civil Revision Petition.

2. When the matter was taken up for hearing, it was brought to the notice of this Court by the learned counsel appearing on either side that the bank offered a One Time Settlement and the same was agreed by the petitioner and on 31.05.2022, the petitioner paid a sum of Rs.8.67 lakhs. In view of the same, 'No Due Certificate' was also issued by the bank.

3. In view of the above, nothing survives in this Civil Revision Petition and accordingly, the same is closed. No Costs. Consequently, connected miscellaneous petitions are closed. [J.N.B.,J.] & [N.A.V.,J.] 16.09.2022 Index : Yes/No Internet : Yes/No pm

To 1.The Judge, The Debts Recovery Tribunal, Madurai.

2.The Section Officer, Vernacular Records, Madurai Bench of Madras High Court, Madurai.

J.NISHA BANU , J.

AND N.ANAND VENKATESH, J.

pm ORDER MADE IN C.R.P(MD)No.495 of 2020 16.09.2022