Housing Development Finance Corporation Ltd. v. Surulivel.S
Case brief
What is this about?
Madras High Court (K. Kumaresh Babu J., 21-07-2025) in CS No. 133 of 2020, Housing Development Finance Corporation Ltd v. Surulivel.S: following the plaintiff's merger with HDFC Bank Limited (NCLT Mumbai Bench, Company Scheme Petition No.243 of 2022; order dated 17.03.2023 in Company Scheme Application No.200 of 2022) and the transferor's status as a notified Bank under the Recovery of Debts and Bankruptcy Act 1993, the Court applied Section 31 of that Act and directed transfer of the suit to the Debts Recovery Tribunal, Chennai, the suit to be struck off the High Court's Register; defendant's counsel conceded the position; no costs or quantum dealt with.
What did the court decide?
Transfer of the suit to the file of the Debts Recovery Tribunal, Chennai, whereupon it stands struck off from the Register maintained by the High Court.