V.Tamilselvan v. the Union Bank of India
Case brief
What is this about?
Madras High Court, W.P.No.2890 of 2024 (with W.M.P.Nos.3134 and 3135 of 2024), decided 08.01.2025 by K.R.Shriram, CJ and Senthilkumar Ramamoorthy, J. Petitioner V.Tamilselvan vs Union Bank of India, Moovallur Branch (Authorised Officer). Challenge to SARFAESI Act section 13(4) notice dated 03.01.2024; prayer for certiorarified mandamus and return of loan/title documents for properties in Sitharkadu Village, Mayiladuthurai. Consent disposal: closure of housing loan accounts and handing over of documents by way of bank counsel's undertaking; no adjudication on merits of other pending loans; no costs; interim applications closed.
What did the court decide?
Petition disposed of by consent: respondent bank to close the housing loan accounts at Sl.Nos.1 and 2 of para 9 of the petition and hand over the related documents immediately upon the petitioner approaching the bank (counsel's statement accepted as an undertaking); no order as to costs; interim applications closed.