Disposed

Shriram Housing Finance Ltd. v. K.R. Kannan

Madras HC12 Feb 2024WP/2977/2024

Case brief

AI extract

What is this about?

A housing finance company sought a mandamus directing the Chief Judicial Magistrate, Vellore to dispose of its unregistered Section 14 SARFAESI application. The court directed the magistrate's office to notify any objections within fifteen days and to register the application if in order.

What did the court decide?

CJM Vellore to notify objections within 15 days or register the Section 14 application if perfect in all respects.

Shriram Housing Finance Ltd. Vs K.R. Kannan — Banking and Recovery | Madras HC (2024)

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WP No.2977 of 2024

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 12.02.2024

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CORAM

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THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE

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AND

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THE HON'BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY

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WP No.2977 of 2024

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M/s.Shriram Housing Finance Ltd., rep. Through its Authorised Officer

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: Petitioner

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versus

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1.K.R.Kannan 2.K.Susila : Respondents

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Prayer: Petition filed under Article 226 of the Constitution of India for issuance of a Writ of Mandamus directing the Chief Judicial Magistrate, Vellore to expeditiously dispose of the petition filed by the petitioner under Section 14 of the Securitisation and Reconstruction of Financial Assets

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and Enforcement of Security Interest Act, 2002 on 14.10.2023 vide e.filing No.ATN20220002106C202300001 pending before the Chief Judicial Magistrate, Vellore.

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For Petitioner : Mrs.K.Indhumathi for Mr.V.Balasubramani

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Page 1 of 4

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

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ORDER

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WP No.2977 of 2024

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(Made by the Hon'ble Chief Justice)

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We have heard Ms.K.Indumathi, learned counsel for the petitioner.

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The learned counsel for the petitioner submits that an application under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 has been filed before the Chief Judicial Magistrate, Vellore, in October, 2023. The same has not yet been registered.

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The office of the Chief Judicial Magistrate, Vellore, shall consider the said application and if there are any objections, shall notify the same to the petitioner within a period of fifteen days from today. If the application filed by the petitioner is perfect in all respects, then the same be registered, in accordance with law.

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Page 2 of 4

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

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WP No.2977 of 2024

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The writ petition stands disposed of. There shall be no order

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as to costs.

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(S.V.G., CJ.) (D.B.C., J.) 12.02.2024 Index : Yes/No Neutral Citation : Yes/No tar

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The Chief Judicial Magistrate, Vellore

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Page 3 of 4

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

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WP No.2977 of 2024

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THE HON'BLE CHIEF JUSTICE AND D.BHARATHA CHAKRAVARTHY, J.

(tar)

WP No.2977 of 2024

12.02.2024

Page 4 of 4

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

Shriram Housing Finance Ltd. v. K.R. Kannan

Case brief

What is this about?

What did the court decide?

Shriram Housing Finance Ltd. v. K.R. Kannan

Case brief

What is this about?

What did the court decide?

What the court decided

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