M/S.Mk Aromatics Limited v. The Chief Manager And Authorized Officer

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 26.03.2025

CORAM

THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE MOHAMMED SHAFFIQ M/s.MK Aromatics Limited, Rep. by its Managing Director, Dr.Mahesh Merchant, Plot No.43-47, SIDCO Industrial Estate, Alathur, Tamil Nadu 603110.

.. Petitioner in both WPs.

-vs1. The Chief Manager & Authorised Officer, Asset Recovery Cell, Bangalore Zone, Bank of Maharashtra, Zonal Office, Bengalur, No.465/A, 22nd Cross, 3rd Block, Opp. NMKRV College for Women, Jayanagar, Bengalurur 560011.

2. The Chief Manager & Authorised Officer, Koramangala Branch, Bank of Maharashtra, 440, 8th Main, 4th Block, Koramangala, Bengaluru 560034.

3. The Executive Director, Bank of Maharashtra, No.1501, Lokmangal, Shivaji Nagar, Pune 411005.

.. Respondents in both WPs.

Prayer: Petitions filed under Article 226 of the Constitution of India for issuance of a (i) WP.3842 of 2025 - Writ of Mandamus directing the 1st, 2nd and 3rd respondents to adhere to the "Framework for Revival and Rehabilitation of MSMEs" issued by the Ministry of MSME, vide notification dated 29.05.2015 and the Master Direction "Lending to Micro, Small and Medium Enterprise (MSME) Sector" dated 21.07.2016 notified by the RBI; and (ii) WP.3843 of 2025 - Writ of Mandamus to direct the 2nd respondent to extend the validity of the Bank Guarantee No.0114624IPG006779 dated 22.04.2024 in favour of the Member Secretary, Goa State Urban Development Authority, required for the disbursement of a sum of Rs.3,16,00,000/- by the GSUDA to the petitioner. For Petitioner :

Mr.G.Madan * * * * * COMMON ORDER (Order of the Court was made by the Hon'ble Chief Justice) In view of the subsequent developments, counsel seeks leave to withdraw the writ petitions.

Petitions are dismissed as withdrawn. There shall be no order as to costs.

(K.R.SHRIRAM, CJ.) (MOHAMMED SHAFFIQ, J.) 26.03.2025 Index : Yes/No : Yes/No sra

To

1. The Chief Manager & Authorised Officer, Asset Recovery Cell, Bangalore Zone, Bank of Maharashtra, Zonal Office, Bengalur, No.465/A, 22nd Cross, 3rd Block, Opp. NMKRV College for Women, Jayanagar, Bengalurur 560011.

2. The Chief Manager & Authorised Officer, Koramangala Branch, Bank of Maharashtra, 440, 8th Main, 4th Block, Koramangala, Bengaluru 560034.

3. The Executive Director, Bank of Maharashtra, No.1501, Lokmangal, Shivaji Nagar, Pune 411005.

The Hon'ble Chief Justice and Mohammed Shaffiq, J.

(sra) 26.03.2025