Bench considered petition to release collateral documents. Court permitted withdrawal with liberty to pursue remedies in competent forum and dismissed the writ petition accordingly.
Writ petition dismissed as withdrawn; liberty granted to petitioners to work out remedies in competent forum.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 13.09.2021
CORAM
THE HONOURABLE MR.JUSTICE R.MAHADEVAN
W.P.No.5408 of 2020 and
WMP Nos.6332 of 2020, 1575 of 2021
Vs.
7. The Assistant General Manager,
The Federal Bank Ltd., Industrial Finance Branch, 132 A, Deepa Comple, Mangalam Road, Tirupur 641 601.
8. The Relationhip Manager,
The Federal Bank Ltd., Industrial Finance Branch, 132 A, Deepa Comple, Mangalam Road, Karuvampalayam, Tirupur 641 601. .. Respondents
Prayer : Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus, directing the respondents 1 to 6 Karur Vysya Bank to release and return the documents to the petitioner, including th documents of title relating to the immovable properties of the petitioners, given as collateral security for the loans and limits with the respondents 1 to 6, Karur Vysya Bank vide the loan accounts of petitioners respectively, which were closed and taken over by the seventh respondent, Federal Bank, Tirupur.
For Petitioners : Mr.Prabhu Rajadurai for Mr.R.Senthilkumar
For Respondents : Mr.N.P.Vijayakumar for R2 to R4 and R6 No appearance for R1, R5, R7 and R8
ORDER
Today, when the matter is listed for hearing, the learned counsel appearing for the petitioners seeks permission of this court to withdraw the writ petition with liberty to work out their remedies in the manner known to law before the competent forum.
Assistant Registrar(CS VII)
//True Copy//
mst
+1cc to Mr.R.Senthil Kumar, Advocate Sr No.46226 +3ccs to Mr.N.P.Vijaykumar, Advocate Sr No.46260
W.P.No.5408 of 2020
GPL (CO) PR (06/10/2021)
M/s Greenway Clothing India Pvt. Ltd.
M/s Sprixoo Knitwear
The Managing Director, The Karur Vysya Bank Ltd.
The General Manager, The Karur Vysya Bank Ltd.
The Chief Manager-Business Banking Head, The Karur Vysya Bank Ltd.
The Manager, The Karur Vysya Bank Ltd.
R. Mahadevan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
