In this disposal, the Madras High Court directed the petitioner to furnish an indemnity bond to the respondent bank in exchange for the release of title deeds pertaining to a redeemed auction property.
The petitioner was directed to submit an indemnity bond to the bank; upon submission, the bank was directed to release the title deeds.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
W.P.No.21004 of 2023
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 19.09.2023
CORAM :
THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE
AND
THE HON'BLE MR.JUSTICE P.D.AUDIKESAVALU
W.P.No.21004 of 2023
M/s. S.P.Palaniappan & Co New No.52, Old No.62, Sembudoss Street Chennai 600 001 Rep. by its Partner/Authorised Signatory Rajmohan.
.. Petitioner
Vs.
M/s. ICICI Bank 3rd Floor, No.1, Cenotaph Road Teynampet Chennai 600 018.
.. Respondent
Prayer: Petition filed under Article 226 of the Constitution of India seeking a writ of Mandamus directing the respondent to close the Loan Account No.057405000498 and return the documents pertaining to redeemed property situate at No.3052 Krest Park Apartments, Basavangudi, Bangalore 560 004.
Page 1 of 5
W.P.No.21004 of 2023
For the Petitioner
: Mr.Prahalad Bhat
For the Respondent
: Mr.Elayaraja Kumar For M/s. Ramalingam & Associates
ORDER
(Made by the Hon'ble Chief Justice)
We have heard Mr.Prahalad Bhat, learned counsel for the
petitioner and Mr.Elayaraja Kumar, learned counsel for the respondent.
Page 2 of 5
W.P.No.21004 of 2023
is ready to furnish the indemnity bond.
(S.V.G., CJ.) (P.D.A., J.) 19.09.2023 Index : Yes/No Neutral Citation : Yes/No
kpl
To
M/s. ICICI Bank 3rd Floor, No.1, Cenotaph Road Teynampet Chennai 600 018.
Page 3 of 5
W.P.No.21004 of 2023
Page 4 of 5
W.P.No.21004 of 2023
THE HON'BLE CHIEF JUSTICE AND P.D.AUDIKESAVALU, J.
(kpl)
W.P.No.21004 of 2023
19.09.2023
Page 5 of 5
M/s. S.P.Palaniappan & Co.
M/s. ICICI Bank
Sanjay V.Gangapurwala
P.D.Audikesavalu
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
