Dismissed

Dr.R.Sundaravelu v. Indian Bank

Madras HC5 Apr 2024WP/6640/2020

Case brief

AI extract

What is this about?

Writ petition seeking to restrain Indian Bank from assigning the petitioner's debt account and mortgage to an ARC and to direct acceptance of a one-time settlement amount. Counsel sought withdrawal on endorsement that the matter was settled out of court; the Court dismissed the writ petition as withdrawn with no order as to costs.

What did the court decide?

Writ petition permitted to be withdrawn; dismissed as withdrawn with no order as to costs and connected miscellaneous petition closed.

Dr.R.Sundaravelu Vs Indian Bank — Banking and Recovery | Madras HC (2024)

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W.P.No.6640 of 2020

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 05.04.2024

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CORAM:

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THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN

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AND

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THE HONOURABLE MR.JUSTICE R.SAKTHIVEL

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W.P.No.6640 of 2020 and WMP No.7870 of 2020

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Dr.R.Sundaravelu Managing Partner, M/s.Hermitage Holistic Resorts Inc Flot No.4, Wing No.3 15^th Floor, Arihant Majestics, Koyambedu, Chennai 600 107. ..Petitioner

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Vs.

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Indian Bank, Corporate Office, Recovery Department, Rep. by its General Manager (R&L) 254-260, Avvai Shanmugam Salai, Royapettah, Chennai 600 004.

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Indian Bank, Nangnallur Branch, Rep. by its Branch Manager, Plot 7B/8, 6^th Main Road, Nanganallur, Chennai 600 061. ..Respondents

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Prayer: Writ Petition filed under Article 226 of the Constitution of India seeking issuance of a Writ of Mandamus to retrain the respondents from

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1/4

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

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W.P.No.6640 of 2020

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proceeding with the assignment of debt of the account of M/s.Hermitage Holistic Resorts Inc., and the mortgage of the petitioner of the said account to any ARC in term of proposal dated 15.02.2020 and consequential direction to accept the balance settlement amount with interest as per OTS sanction dated 29.12.2017, within a time frame as may be fixed by this Court.

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For Petitioner : Mr.N.Senthilkumar

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O R D E R

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(Order of the Court was delivered by R.SUBRAMANIAN, J.)

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The learned counsel appearing for petitioner seeks permission to

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withdraw the Writ Petition. He has also made the following endorsement to that effect:-

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“The matter settled out of Court. The petitioner may be permitted to withdraw the writ petition as infructuous.”

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

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W.P.No.6640 of 2020

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2 . Recording the endorsement made by the learned counsel

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appearing for the petitioner, this Writ Petition is dismissed as withdrawn.

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There shall be no order as to costs. Consequently, the connected miscellaneous petition is closed.

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(R.SUBRAMANIAN, J.) (R.SAKTHIVEL, J.) 05.04.2024

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jv Index: No Internet:Yes Non-speaking order

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The General Manager (R&L), Indian Bank, Corporate Office, Recovery Department, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai 600 004.

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The Branch Manager, Indian Bank, Nangnallur Branch, Plot 7B/8, 6^th Main Road, Nanganallur, Chennai 600 061.

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3/4

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

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W.P.No.6640 of 2020

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R.SUBRAMANIAN, J. and R.SAKTHIVEL, J.

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W.P.No.6640 of 2020 and WMP No.7870 of 2020

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05.04.2024

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4/4

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

Dr.R.Sundaravelu v. Indian Bank

Case brief

What is this about?

What did the court decide?

Dr.R.Sundaravelu v. Indian Bank

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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Parties & counsel

Coram

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