M/S. Inno Infra Private Limited v. Indian Overseas Bank

Madras HC16 Apr 2025WP/2880/2025

Case brief

AI extract

What is this about?

Short-cause mandamus order; keywords: fraud classification of loan account, FMR (fraud monitoring report) copy, borrower's right to obtain FMR/certified copy, Indian Overseas Bank, Reserve Bank of India, Article 226 writ of mandamus, bank undertaking to furnish copy, two-week compliance direction, no costs, miscellaneous petition closed. Useful for matters on disclosure of fraud-classification reports to borrowers.

What did the court decide?

Direction to the first respondent bank to provide a copy of FMR No.IOBK-2103-0084 within two weeks from receipt of a web-copy of the order, without waiting for a certified copy; no order as to costs; connected W.M.P.No.3179 of 2025 closed. ¶¶35

M/S. Inno Infra Private Limited Vs Indian Overseas… — Writ and Judicial Review | Madras HC (2025)

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W.P.No.2880 of 2025

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 16.04.2025

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CORAM :

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THE HON'BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY

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W.P.No.2880 of 2025

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and W.M.P.No.3179 of 2025

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M/s.Inno Infra Private Limited, Represented by its Director, Sajid Ahmed Sathak Abdul Kadir, No.6, Crowm Court, (Ground Floor), No.128, Cathedral Road, Gopalapuram, Chennai - 600 086.

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.. Petitioner

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Versus

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M/s.Indian Overseas Bank, Thirumazhisai Branch, No.162/1, Thiruvallur High Road, Thirumazhisai, Chennai - 600 124.

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Also at:

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Asset Recovery Management Branch, Third Floor, Central Office Annex Building, No.763, Anna Salai, Chennai - 600 002.

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The Reserve Bank of India, Fort Glacis, 16, Rajaji Road, Fort St George, Chennai - 600 001. .. Respondents

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1/6

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

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W.P.No.2880 of 2025

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Prayer : Writ Petition filed under Article 226 of the Constitution of India, pleased to issue a Writ of Mandamus directing the 1st respondent to serve a certified copy of FMR No.IOBK-2103-0084, dated 29.09.2021, classifying the Loan Account No.252402000000500 as 'FRAUD' issued by the 1st respondent.

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For Petitioner : Mr.Aasim Shehzad for M/s.BFS Legal

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For Respondents : Mr.M.L.Ganesh, for R1

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ORDER

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The prayer in the Writ Petition is for a Mandamus directing the first

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respondent bank to serve a certified copy of FMR No.IOBK-2103-0084,

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dated 29.09.2021, classifying the Loan Account No.252402000000500 as