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Asset Reconstruction Company (India) Limited v. the Inspector General of Registration

Madras HC7 Feb 2025WP/3847/2025

Case brief

AI extract

What is this about?

Writ of mandamus; Article 226 Constitution of India; Madras High Court; N. Anand Venkatesh J.; registration and release of Assignment Agreement dated 01.09.2023 (No.P/ Redhills/03/2024); Asset Reconstruction Company (India) Limited / Arcil-AST-030-II-Trust; Karur Vysya Bank Limited; Sub Registrar Redhills; Inspector General of Registration; technical glitch; direction to register and release within one week; petition disposed, no costs.

What did the court decide?

Mandamus granted as a direction to the respondents to register and release the Assignment Agreement dated 01.09.2023 within one (1) week from receipt of a copy of the order; petition disposed of with the above direction and no costs. ¶32

Asset Reconstruction Company (India) Limited Vs the… — Writ and Judicial Review | Madras HC (2025)

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Writ Petition No.3847 of 2025

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 07.02.2025

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CORAM

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THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH

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Writ Petition No.3847 of 2025 and

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W.M.P.No.4262 of 2025

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Asset Reconstruction Company (India) Limited, represented by its Authorized Signatory, Yuvek.J, Trustee of Arcil-AST-030-II-Trust, Having its register office at The Ruby, 10th Floor, 29, Senapati Bapat Marg, Dadar (W), Mumbai - 400 028.

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... Petitioner

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Vs.

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1.The Inspector General of Registration, Office of the Inspector General of Registration, No.100, Santhome High Road, Chennai - 600 028.

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2.The Sub Registrar, O/o.The Redhills Sub Registrar Office, No.2, Sothukuppam Road, Next to Sivan Koil, Palavoyal, Redhills, Chennai - 600 052.

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3.The Sub Registrar, O/o.The Nagore Sub-Registrar Office, Nagore, Nagapattinam - 611 002.

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4.The Sub Registrar,

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O/o.The Kollidam Sub-Registrar Office, Kollidam, Mayiladuthurai. ... Respondents

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

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Writ Petition No.3847 of 2025

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Writ Petition filed under Article 226 of the Constitution of India seeking issuance of a Writ of Mandamus directing the second respondent to register, release and handover the Assignment Agreement dated 01.09.2023 presented for registration on 08.01.2024 executed between the petitioner and M/s.Karur Vysya Bank Limited bearing No.P/ Redhills/03/2024 within a time frame to be fixed by this Court.

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For Petitioner : Mr.V.Jeevan Ram For Respondents : Mr.Abishekmurthy Government Advocate *****

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O R D E R

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This writ petition has been filed seeking issuance of a writ of

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mandamus directing the second respondent to register and release the Assignment Agreement dated 01.09.2023 executed between the petitioner and Karur Vysya Bank.

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Heard Mr.V.Jeevan Ram, learned counsel for petitioner and

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Mr.Abishekmurthy, learned Government Advocate appearing for respondents.

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Learned Government Advocate appearing on behalf of the

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respondents submitted that there was some technical glitch and the Assignment Agreement will be released within a short time.

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

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2/4

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Writ Petition No.3847 of 2025

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Taking into consideration the above submission made by learned Government Advocate, there shall be a direction to the respondents to register and release the Assignment Agreement dated 01.09.2023 within a period of one (1) week from the date of receipt of a copy of this order.

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This writ petition is disposed of with the above direction. No

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costs.

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07.02.2025

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Note: Issue order copy by 10.02.2025

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Neutral Citation: Yes/No Index: Yes/no Speaking Order/Non-Speaking Order gm

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