Disposed

M/s.Nandhi Dall Mills, v. Icic Bank Ltd.

Madras HC13 Nov 2024WP/17721/2018

Case brief

AI extract

What is this about?

The High Court disposed of a writ petition seeking quash of a DRAT order. The Court noted the petitioner's willingness to settle with the bank but received no commitment from the bank representative. The writ petition was disposed of without a specific order, while a related application to file a single petition was allowed.

What did the court decide?

Writ petition disposed with no order as to costs; W.M.P. allowing single petition allowed; other interim applications disposed.

M/s.Nandhi Dall Mills, Vs Icic Bank Ltd. — Company and Corporate | Madras HC (2024)

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W.P.No.17721 of 2018

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 13.11.2024

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CORAM :

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THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE

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AND

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THE HON'BLE MR.JUSTICE SENTHILKUMAR RAMAMOORTHY

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W.P.No.17721 of 2018 and W.M.P.Nos.20994, 20995 of 2018; 8689 and 25955 of 2019

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1.M/s.Nandhi Dall Mills,

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A partnership firm rep. by its Managing Partner S.A.Kumar No.270, Narashimman Road,

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Salem-636 002.

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2.S.A.Kumar

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3.K.Jayanthi

4.S.K.Arun

.. Petitioners

1.ICICI Bank Limited,

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rep. by its Authorised Signatory, 3^rd Floor, ICICI Bank,

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No.1, Cenoapsh Road, Teynampet, Chennai-600 018.

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2.The Registrar, Debts Recovery Appellate Tribunal, Chennai.

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___________ Page 1 of 5_

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https://www.mhc.tn.gov.in/judis

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W.P.No.17721 of 2018

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3.The Presiding Officer, Debts Recovery Tribunal, Kalyani Towers, Madurai.

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4.M.Sundareswaran

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.. Respondents

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Prayer : Petition filed under Article 226 of the Constitution of India seeking issuance of a writ of certiorari calling for the records in M.A.No.160 of 2017 on the file of the Debts Recovery Appellate Tribunal, Chennai and quash the order dated 19.03.2018 as the same is arbitrary, unreasonable and against the principles of natural justice.

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For Petitioners : Mr.Jayesh B Dolia Senior Counsel for M/s.Aiyar and Dolia For Respondents : Mr.Ilaiya Raj Kumar for M/s.Ramalingam & Associates for respondent No.1 : R2 & R3 – Tribunal : R4 – Tapal Returned (Left)

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ORDER

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(Order of the Court was made by the Hon'ble Chief Justice)

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Counsel for petitioners states that petitioners have all intentions to

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settle with the bank and would be happy to get one-time settlement offer

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Page 2 of 5

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https://www.mhc.tn.gov.in/judis

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W.P.No.17721 of 2018

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from the bank. Counsel states petitioners have made a request to the bank to extend the earlier one-time settlement offer that was made.

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Counsel for the bank states nobody prevents petitioners from approaching the bank with a reasonable offer and, if offer is received, the bank may consider the same on commercial terms. Counsel says he has no instructions to make any commitment on behalf of the bank.

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Keeping open all rights and contentions, writ petition is disposed of. There shall be no order as to costs. W.M.P.No.20994 of 2018 filed to permit petitioners to file a single writ petition is allowed. The other interim applications stand disposed of.

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(K.R.SHRIRAM, C.J.) (SENTHILKUMAR RAMAMOORTHY,J.) 13.11.2024

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Index : Yes/No NC : Yes/No bbr

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___________ Page 3 of 5_

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https://www.mhc.tn.gov.in/judis

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W.P.No.17721 of 2018

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To:

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1.The Registrar, Debt Recovery Appellate Tribunal, Chennai.

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2.The Presiding Officer, Debts Recovery Tribunal, Kalyani Towers, Madurai.

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___________ Page 4 of 5_

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https://www.mhc.tn.gov.in/judis

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W.P.No.17721 of 2018

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THE HON'BLE CHIEF JUSTICE AND SENTHILKUMAR RAMAMOORTHY,J.

bbr

W.P.No.17721 of 2018

13.11.2024

___________ Page 5 of 5_

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https://www.mhc.tn.gov.in/judis

M/s.Nandhi Dall Mills, v. Icic Bank Ltd.

Case brief

What is this about?

What did the court decide?

M/s.Nandhi Dall Mills, v. Icic Bank Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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