Petitioners challenged action against them under SARFAESI Act regarding One Time Settlement via writ petition. Court held petitioner could pursue settlement directly and disposed of the petition without merits.
No order as to costs; W.P.No.740 of 2024 disposed of.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
W.P.No.740 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 12.01.2024
CORAM :
THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE
AND
THE HON'BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY
W.P.No.740 of 2024
.. Petitioners
Vs.
Also at:
The Authorised Officer M/s.India Bulls Housing Finance Ltd. Corporate Office Plot No.422 C, Udyog Vihar, Phase – IV Gurugram – 122 016 (Haryana State) .. Respondents
Page 1 of 4
W.P.No.740 of 2024
Prayer: Petition filed under Article 226 of the Constitution of India seeking a writ of mandamus, directing the first respondent to consider the representation dated 18.12.2023 to direct the M/s.India Bulls Housing Finance Limited 2nd respondent herein to accept balance amount of OTS of Rs.1.55 cores with interest for the delayed period instead of canceling the OTS and consequently direct the 1st respondent to drop all further action pursuant to demand notice dated 30.11.2023 issued under Section 13(2) of the SARFAESI Act against the petitioner.
For the Petitioner : Mr.G.Senthil Kumar
ORDER
(Made by the Hon'ble Chief Justice)
Heard Mr.G.Senthil Kumar, learned counsel for the petitioner.
Page 2 of 4
W.P.No.740 of 2024
(S.V.G., CJ.) (D.B.C., J.) 12.01.2024 Index : Yes/No Neutral Citation : Yes/No
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Page 3 of 4
W.P.No.740 of 2024
THE HON'BLE CHIEF JUSTICE AND D.BHARATHA CHAKRAVARTHY, J.
(drm)
W.P.No.740 of 2024
12.01.2024
Page 4 of 4
Ramana Sekhar
Latha Ramana Sekhar
The Deputy Governor Department of NBFC Supervision Reserve Bank of India
The Authorised Officer M/s.India Bulls Housing Finance Ltd.
SANJAY V.GANGAPURWALA
D.BHARATHA CHAKRAVARTHY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
