Madras High CourtWP/5090/2024withdrawn dismissed

Cholamandalam Investment v. Reserve Bankof India

2026-04-06Honourable Mr Justice M.Dhandapani3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 06-04-2026

CORAM

THE HON'BLE MR JUSTICE M.DHANDAPANI Cholamandalam Investment And Finance Company Limited Represented By Its Seniro Manager Mr. K. Thiyagarajan Having Its Registered Office At No 719 N.S.C. Bose Road, Parrys Chennai 600 001 ..Petitioner(s) Vs

1. Reserve Bank of India Fort Glacis, No 16 Rajaji Salai Chenani 600

2. Tamil Nadu Mercantile Bank Limited Represented By Its Barnach Manager No 1 Vigneswara Nagar, Dharshan Complex 1st Floor, Medavakkam Main Road, Madipakkam Chennai 600 091

3. M/s Abina Plastic Industries Represented By Its Properietor Having Office At No 6/59, Varadaraja Perumal Koil Street, Sithalapakkam Kancheepuram 600 126

4. M/s. A.R Enterprises Represented By Its Proprietor No 1188 Tnhb Colo Ny Sithalapakkam Chennai 600 126 ..Respondent(s) Prayer: Writ Petition is filed under Article 226 of the Constitution of India praying for issuance of writ of Mandamus for direction against the 2nd Respondent to forthwith release the Collateral Securities along with all original title documents in their possession or, in the alternative, refund the entire sum of Rs. 1,18,93,834/- along with interest thereon, from the date of payment until realisation, within a stipulated time frame, and pass

For Petitioner(s):

Mr.Kishore Balasubramanian Vasanth.S For Respondent(s):

Mr.V.Chandrasekaran for R2 Order Today, when the matter is taken up for hearing, the learned counsel appearing for the petitioner seeks permission of this Court to withdraw this petition. He has also made an endorsement to that effect.

2. Recording the said submission made by the learned counsel for the petitioner, this Writ Petition is dismissed as withdrawn and liberty is granted to the petitioner to workout his remedy in the manner known to law. No costs. 06-04-2026 Index: Yes/No Speaking/Non-speaking order SK To

1. Reserve Bankof India Fort Glacis, No 16 Rajaji Salai Chenani 600 001

2. Tamil Nadu Mercantile Bank Limited Represented By Its Barnach Manager No 1 Vigneswara Nagar, Dharshan Complex 1st Floor, Medavakkam Main Road, Madipakkam Chennai 600

M.DHANDAPANI J.

sk 06-04-2026