Writ petition seeking a mandamus to Canara Bank to approve sale of hypothecated machineries for Rs.1,60,00,000 to discharge a term loan liability. Counsel stated relief had been obtained as the bank passed an order on 04.03.2024 pending the petition; the writ petition was closed with no costs.
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W.P.No.1411 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 18.03.2024
CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTH
W.P.No.1411 of 2024
R.Vijayashamundeswari .. Petitioner
vs
3.The Assistant General Manager, Canara Bank, Teynampet Branch, 524, Anna Salai, Teynampet, Chennai-600 015.
4.Sudhakaran
.. Respondents
Petition filed under Article 226 of the Constitution of India praying to issue a writ of Mandamus, directing the respondents 1 to 3 to grant approval for the sale of all hypothecated machineries in the premises for a sum of Rs.1,60,00,000 (One Crores and sixty lakhs) in discharge of their
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liability towards buyers credit machinery loan in 4th Respondent's term loan Account No.170005542335 Canara Bank, Teynampet Branch, Chennai.
For Petitioner : Mr.V.K.Bhuvaneshwar
For Respondents : No Appearance
O R D E R
Mr.V.K.Bhuvaneshwar, learned counsel for the petitioner states
that the relief sought for in the writ petition has been obtained, as,
pending writ petition, the bank has passed an order on 04.03.2024.
2.Recording this, this writ petition is closed. No costs.
18.03.2024
Index:Yes/No
Speaking Order / Non-Speaking Order Neutral Citation:Yes/No vs
To
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Canara Bank, Teynampet Branch, 524, Anna Salai, Teynampet,
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W.P.No.1411 of 2024
DR. ANITA SUMANTH,J.
vs
W.P.No.1411 of 2024
18.03.2024
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1 issue framed by the court
Whether a mandamus could be issued directing the bank to approve sale of hypothecated machinery to discharge a buyer's credit loan.
1 provisions across 1 enactments
R.Vijayashamundeswari
The Chief General Manager, Canara Bank
The Deputy General Manager, Canara Bank
The Assistant General Manager, Canara Bank
Sudhakaran
Anita Sumanth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
