M/S.Rasi Silk Industries Ltd. v. the Reserve Bank of India
Case brief
What is this about?
This appeal challenged a lower court's refusal to entertain a writ petition concerning a claim for interest refund under a One Time Settlement. The court held the matter was a money claim not amenable to writ jurisdiction and dismissed the appeal with no relief.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 04.08.2020
CORAM :
The Hon'ble Mr.A.P.SAHI, THE CHIEF JUSTICE
AND
The Hon'ble Mr.JUSTICE SENTHILKUMAR RAMAMOORTHY
W.A.No.112 of 2020
M/s.Rasi Silk Industries Ltd.,
Rep. by its Authorised Signatory, Mr.Jairam.
.. Appellant/Petitioner
-vs1.The Reserve Bank of India, Dept. of Banking Supervision, Fort Glacis, Rajaji Salai, Chennai 600 001. 2.Indian Bank, Rep. by its Asst. General Manager, 21, North Mada Street, Mylapore, Chennai 600 004.
3.Indian Bank, Rep. by its General Manager, Recovery Dept., 66, Rajaji Salai, Chennai 600 001.
Issues for consideration
2 issues framed by the court
Whether a writ petition is the appropriate remedy for a money claim regarding a One Time Settlement concluded in 2006.
Whether the lower court correctly denied exercising discretion under Article 226 of the Constitution of India.
Parties & counsel
- appellant
M/s.Rasi Silk Industries Ltd.
- respondent
The Reserve Bank of India
- respondent
Indian Bank
- respondent
Indian Bank
Coram
Case details
As recorded by the court registry
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