Dismissed

R.Usharani v. the Assistant General

Madras HC17 Aug 2015WP/29549/2013

Case brief

AI extract

What is this about?

The High Court disposed of a writ petition challenging an auction notice for a tractor secured under a non-performing agricultural loan. Rejecting reliance on affidavit claims of debt waiver, the Court held it was not willing to interfere in the commercial transaction. The petitioner was granted liberty to approach the bank for one-time settlement.

What did the court decide?

Liberty to approach the respondent bank to consider a one-time settlement; the writ petition is disposed of.

R.Usharani Vs the Assistant General — Contract and Commercial Disputes | Madras HC (2015)

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 17.8.2015

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CORAM:

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THE HONOURABLE MR.JUSTICE M.M.SUNDRESH

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W.P.No.29549 of 2013 and M.P.No.2 and 3 of 2013

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R.USHARANI
W/O.RANGASAMY,
NAYAKKAR STREET, MELAPATTI ,
S.VAZHAVANTHI POST,
PARAMATHI VELLORE TALUK,
NAMAKKAL DISTRICT. ... PETITIONER
Vs.
1.THE ASSISTANT GENERAL MANAGER,
INDIAN BANK,
ZONAL OFFICE, SALEM 1
2.THE BRANCH MANAGER
INDIAN BANK,
RASIPALAYAM MOHANUR,
NAMAKKAL DISTRICT. ... RESPONDENTS

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Writ petition filed under Article 226 of the Constitution of India, praying for the issuance of a Writ of Certiorarified Mandamus, calling for the entire records in so far relates to Auction Notice of the 1st respondent published in Dinamalar dt 21.10.2013 and quash the same in so far relates to petitioner is concerned and consequently direct the respondents to release the petitioners tractor and trailor bearing Register No. TN-28-M-5809 to the petitioner.

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For Petitioner : Mr.C.Prakasam

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For Respondents : Mr.P.V.Muralidhar

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https://hcservices.ecourts.gov.in/hcservices/

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O R D E R

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Petitioner was sanctioned a loan of Rs.5 lakhs on 24.6.2005. As the account of the petitioner has been classified as Non-performing one and using the provision contained under the hypothecation agreement, vehicle was taken possession and sought to be auctioned. Challenging the auction notice, the present writ petition has been filed.

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In view of the interim order, auction did not go on. The learned counsel for the petitioner submitted that the petitioner has made substantial payment. The said fact is denied by the respondent. It is also submitted that the petitioner was given waiver as per the Central Agricultural Debt Waiver & Debt Relief Scheme, 2008 and the amount was duly credited to his account.

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As it is purely a commercial transaction, this Court is not willing to allow the writ petition based upon the averments made in the affidavit filed in support of the writ petition. More so, the same is denied.

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Thus, the writ petition stands disposed of giving liberty to the petitioner to approach the respondent bank who can consider one time settlement as no useful purpose would be served in keeping the tractor idle.

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Accordingly, the writ petition stands disposed of. No costs. Consequently, connected M.P.No.2 and 3 of 2013 are closed.

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Sd/Assistant Registrar(CS III)

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//True Copy//

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Sub Assistant Registrar

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vaan

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1.THE ASSISTANT GENERAL MANAGER, INDIAN BANK, ZONAL OFFICE, SALEM 1

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https://hcservices.ecourts.gov.in/hcservices/

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2.THE BRANCH MANAGER INDIAN BANK, RASIPALAYAM MOHANUR, NAMAKKAL DISTRICT.

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+1cc to Mr.C.Prakasam, Advocate, S.R.No.43647 +1cc to Mr.P.V.Muralidhar, Advocate, S.R.No.43620

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W.P.No.29549 of 2013
and
M.P.No.2 of 2013
MSM(CO)
CA(01.09.2015)

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https://hcservices.ecourts.gov.in/hcservices/

R.Usharani v. the Assistant General

Case brief

What is this about?

What did the court decide?

R.Usharani v. the Assistant General

Case brief

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What did the court decide?

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