Disposed

Thamizhnadu Brahmin Association( Thambrass) v. The Karur Vysya Bank Ltd, Mylapore Branch

Madras HC8 Apr 2019OA/323/2019

Case brief

AI extract

What is this about?

This court closed the original application for an injunction restraining the bank or directing account closure. The order was based on the branch manager's affidavit stating the bank was willing to resume normal operations if the court found SEBI order interpretation was incorrect.

What did the court decide?

None of standing order. Application closed due to bank's willingness to resume operations.

Thamizhnadu Brahmin Association( Thambrass) Vs The Karur Vysya Bank Ltd, Mylapore Branch — Madras HC (2019) — LawSathi Research

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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(ORDINARY ORIGINAL CIVIL JURISDICTION) MONDAY, THE 08TH DAY OF APRIL 2019 THE HON'BLE MR.JUSTICE R.SUBRAMANIAN

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OA. No.323 OF 2019

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in C.S. No.218 of 2019

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1.Thamizhnadu Brahmin Association(Thambraas) Established on 16/11/1980 Represented by Mr.N.Narayanan, State President and Mr.P.Balasubramanian-State Treasurer 2. Thambraas Magazine represented by its Authorised signatory Mr.N.Narayanan and Mr.P.Balasubramanian 3. Thambraas Muhurtham.Com Represented by its authorised signatory Mr.N.Narayanan and Mr.P.Balasubramanian 4. Thambraas Literary Promotion Trust Represented by its authorised signatory Mr.N.Narayanan and Mr.P.Balasubramanian 5. Tambras Foundation Represented by its authorised signatory Mr.N.Narayanan and Mr.P.Balasubramanian Plaintiffs 1to5 having office at Flat No.6, 1^st Floor, Vishwakamal, Old No.245, R.K.Mutt Road, Mylapore, Chennai – 600 004. ... Applicants/ Plaintiffs -VersusThe Karur Vysya Bank Limited, Mylapore Branch represented by its Chief Manager, No.85, Kutcherry Road, Mylapore, Chennai – 600 004. ... Respondent/Defendant

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https://hcservices.ecourts.gov.in/hcservices/ Original Application praying that this Hon'ble Court be pleased to grant an injunction restraining the defendant

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bank from interfering with the banking activities of Applicants /Plaintiffs with the defendant bank. Alternatively, also the Applicants/Plaintiffs pray that this Hon'ble Court may be pleased to direct the defendant bank to permit the Applicants/Plaintiffs to have the account closed with th defendant bank transferred to some other bank so that the Applicants/Plaintiffs activities may not be crippled.

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This Original application coming on this day before this court for hearing the court made the following order: Pursuant to the order dated 05.04.2019, the Branch Manager of Karur Vysya Bank, Mylapore Branch, Chennai is present before Court today. He has also filed an affidavit stating that the Bank is willing to permit the applicant to operate its account as usual and the relevant portion in paragraph No.5 of the affidavit reads as follows:

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''5. I respectfully submit that the bank had frozen the account only for the above said reason. I further respectfully submit that the respondent bank is willing to permit the Applicant to operate the account as usual in the event of this Hon'ble Court pleased to find that the bank had misinterpreted the order of the SEBI. Our bank is ready to continue the cordial relationship with the applicant as before.''

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In view of the same, this application is closed for the present.

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Sd/- R.S.M.J. 08.04.2019

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//Certified to be a true copy// Dated this the day of 2019. GJM-12.4.2019

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From 25.09.2008 the Registry is issuing certified copies of https://hcservices.ecourts.gov.in/hcservices/ the Order/Judgment Decree in this format.

Thamizhnadu Brahmin Association( Thambrass) v. The Karur Vysya Bank Ltd, Mylapore Branch

Case brief

What is this about?

What did the court decide?

Thamizhnadu Brahmin Association( Thambrass) v. The Karur Vysya Bank Ltd, Mylapore Branch

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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Case details

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