Dismissed

Lawn Textile Mills Pvt. Ltd. v. The Managing Director and CEO

Madras HC27 Aug 2024WP/5215/2021

Case brief

AI extract

What is this about?

The petitioner sought a writ of mandamus to direct the bank to verify excess interest charges and appoint an independent CA. The petition was dismissed as withdrawn at the hearing, with liberty to the petitioner to work out a remedy otherwise.

What did the court decide?

Petition dismissed as withdrawn with liberty to petitioner to work out remedy in manner known to law.

Lawn Textile Mills Pvt. Ltd. Vs The Managing Director and CEO — Madras HC (2024) — LawSathi Research

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W.P.No.5215 of 2021

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 27.08.2024

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CORAM

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THE HONOURABLE MR.JUSTICE M.DHANDAPANI

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W.P.No.5215 of 2021

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and

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W.M.P.No.5783 of 2021

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Lawn Textile Mills Private Limited,

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24A, Anna Street, 15 Velampalayam, Tirupur - 641 652. Represented by its Director.

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... Petitioner

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Vs.

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The Managing Director & CEO, UCO Bank, Head Office, 10, BTM Sarani,

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Kolkata - 700 001 & ors.

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The General Manager (Recovery), UCO Bank Head Office, 10, BTM Sarani, Kolkatta - 700 001.

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Page 1 of 4

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

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W.P.No.5215 of 2021

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The Chief Manager, UCO Bank, Tirupur Branch, Sakthi Tower (Ground Floor), 55 & 56 Bharathi Street, Valipalayam 3^rd Street, Tirupur - 641 601. ... Respondents

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PRAYER : Petition filed under Article 226 of the Constitution of India praying for issuance of Writ of Mandamus, to direct the third respondent Bank to appoint an independent Chartered Accountant to verify the calculation of excess interest charged (including compounding effect thereof) by the respondent Bank and arrive at the correct balance of the loan account of the petitioner after deducting the excess interest charged (including the compounding effect thereof) and also not to charge interest on delayed period from 2016.

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For Petitioner : Mr.S.Sathyanarayanan For Respondents : Mr.R.Selvakumar for R3 No appearance for R1 and R2

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O R D E R

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Today, when the matter is taken up for hearing, the learned

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counsel appearing for the petitioner seeks permission of this Court to withdraw this petition. He has also made an endorsement to that effect.

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Page 2 of 4

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

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W.P.No.5215 of 2021

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Recording the said submission made by the learned counsel for

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the petitioner, this Writ Petition is dismissed as withdrawn with liberty to the petitioner to work out his remedy in the manner known to law. No costs. Connected miscellaneous petition is closed.

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27.08.2024

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NCC: Yes / No Index : Yes / No Speaking Order : Yes / No ssb

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The Managing Director & CEO, UCO Bank, Head Office, 10, BTM Sarani, Kolkata - 700 001 & ors.

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The General Manager (Recovery), UCO Bank Head Office, 10, BTM Sarani, Kolkatta - 700 001.

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The Chief Manager, UCO Bank, Tirupur Branch, Sakthi Tower (Ground Floor), 55 & 56 Bharathi Street, Valipalayam 3^rd Street, Tirupur - 641 601.

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Page 3 of 4

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

W.P.No.5215 of 2021

M.DHANDAPANI,J.

ssb

W.P.No.5215 of 2021 and W.M.P.No.5783 of 2021

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27.08.2024

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_________ Page 4 of 4

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

Lawn Textile Mills Pvt. Ltd. v. The Managing Director and CEO

Case brief

What is this about?

What did the court decide?

Lawn Textile Mills Pvt. Ltd. v. The Managing Director and CEO

Case brief

What is this about?

What did the court decide?

What the court decided

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Parties & counsel

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