BEFORE THE DEBTS RECOVERY TRIBUNAL II, AT CHENNAI

O.A.No. 408 of 2001

BETWEEN

Asset Reconstruction Co. (India) Ltd.

Shrepati Arcade, August Kranti Marg
Nana Chowk, Mumbai – 400 036.
..Applicant

(Applicant has been substituted in place of Indian Bank vide order dated
9/4/2009 in IA No 72 of 2009)

AND
1. Maxwell Exim Foods Ltd
2. G. Balakrishnan
3. Smt. B. Daara
4. M.S. Mani
5. S. Madhusudhanan
6. C. Rajaraman
7. V.P. Haran
8. K. Sai Jaganathan
9. A.V. Anand (Deceased)
10. R. Prabhakaran (Deceased)
11. Well Stores (Madras) Private Ltd
12. ASREC India Ltd (Assignor-State Bank of Hyderabad)
13. ICICI Bank Ltd (Earlier- Bank of Rajasthan)
14. Smt. A. Shanthi
15. Sri A. Arunraj
16. Minor A Krithika rep. by mother and natural guardian A Shanthi
17. Smt. V. Chandralekha
18. Mrs. Kavitha
19. Sri Satish
(14-17 are legal heirs of A.V Anand)
(18 & 19 are legal heirs of R. Prabhakaran) ..Defendants

MEMO RECORDING PART SATISFACTION

The Applicants states as follows:

1. The Applicant submits that OA 408 of 2001 was filed seeking for

following reliefs :

a) Directing the Respondents 1 to 10 to pay the Applicant a

sum of Rs.147,63,77,759.00/- together with further

interest at 24.25% at quarterly rests from the date of filing

of the plaint till realization,

b) Directing the Respondent 11, as mortgager to pay to the

Applicant a sum of Rs.147.63,77,759.00 together with

 further interest 24.25% p.a at quarterly rests from the date

of plaint till realization.

2. OA 408 of 2001 was filed for recovery of money and the Hon’ble

Tribunal after hearing the Applicant and the Defendants was pleased to

allow the original Application. The Applicant states that the Defendants

have mortgaged various properties and the same is proposed to be

brought for sale.

3. The Applicant has sold properties located in under SARFAESI through

Private Treaty on “as is where is and as is what is” basis for all

properties located at Keelaiyur in Nagapattinam District. The buyer had

paid the Applicant a sum of Rs.3,00,000/- (Rupees Three Lakhs Only)

towards the sale of the property at Keelaiyur having documents No

1025/1086 and 1033/1986 and the same is received by the Applicant

from the purchaser M/s. Navani Impex Private Limited on 3 rd June 2020

so as the documents has to be handed over to the purchaser, therefore

the Applicant is filing this part satisfaction memo which may be taken

on record.

4. We also undertake that there is no order or stay from any tribunal/court

restraining the sale of the properties subject matter of the present OA.

In view of the above it is most humbly prayed that this Hon’ble Court may be

pleased to record part satisfaction of Rs.3,00,000/- (Rupees Three Lakhs Only) which

has been recovered from the DRC amount .

Dated on this the 24th Day of August 2020.

 APPLICANT COUNSEL FOR

APPLICANT

SCHEDULE

1. Part and Parcel of land and building situated at Keezaieyur Village,

Nagapattinam Taluk, comprised in R.S No. 395/13B measuring about 24
cent in which Rice Mill erected and covered and to the extent of
1296sq.ft. bearing Door No.1-90 with electrical connection No.37, 52
bearing Mill Licence No.3527 is bounded on the

North : By main Road

South : By west by lands owned by R.Banumathy
East : Lands owned by Sowrirajulu Naidu
West : By road within the sub-district of Thirupoondi and Registration
district of Nagapattinam.

2. Part and parcel of land and building situated at Keezaieyur village,

Nagapattinan Taluk, comprised in S.No. 388/26 measuring about 40 cent
and out of 77 cent within the registration district of Nagapattinam is
bounded on the

North : By Keezaiyur Village Tank

South : By Road
West : By Subbiaha Pathar Punjai Lands
East : By Lands owned by Sowrirajuly Naidu’s land
 BEFORE THE DEBTS RECOVERY
TRIBUNAL II, AT CHENNAI

ORIGINAL APPLICATION 408 OF 2001

Asset Reconstruction Co. (India) Ltd.

Shrepati Arcade, August Kranti Marg
Mana Chowk, Mumbai – 400 036.

...Applicant
VS

1. Maxwell Exim Foods Ltd

2. G. Balakrishnan
3. Smt. B. Daara
4. M.S. Mani
5. S. Madhusudhanan
6. C. Rajaraman
7. V.P. Haran
8. K. Sai Jaganathan
9. A.V. Anand (Deceased)
10. R. Prabhakaran
(Deceased)
11. Well Stores (Madras)
Private Ltd
12. ASREC India Ltd
(Assignor-State Bank of
Hyderabad)
13. ICICI Bank Ltd (Earlier-
Bank of Rajasthan)
14. Smt. A. Shanthi
15. Sri A. Arunraj
16. Minor A Krithika rep. by
mother and natural
guardian A Shanthi
17. Smt. V. Chandralekha
18. Mrs. Kavitha
19. Sri Satish
(14-17 are legal heirs of A.V
Anand)
(18 & 19 are legal heirs of R. Prabhakaran)
..Defendants

MEMO RECORDING PART

SATISFACTION OF DECREE AMOUNT

AKHIL BHANSALI (E.NO2210/05)

KM AASIM SHEHZAD (E.NO.325/03)
COUNSEL FOR THE APPLICANT