Mr.G.Arun v. The Authorised Officer,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 09.09.2020

CORAM

THE HON'BLE MR.JUSTICE M.M.SUNDRESH and THE HON'BLE MRS.JUSTICE R.HEMALATHA W.P.No.6628 of 2020 G.Arun .. Petitioner Vs The Authorised Officer, State Bank of India, Stressed Assets Recovery Branch, Red Cross Buildings, II Floor, No.32, Montieth Road, Chennai - 600 008.

.. Respondent Writ Petition filed under Article 226 of the Constitution of India praying to issue a Writ of Mandamus directing the respondent Bank to calculate the amount payable under the SBI OTS policy based on the recovery by treating it as unsecured loan and on terms and conditions as this Court deems fit and proper in the interest of justice. For Petitioner .. Mr.D.Murugan For Respondent .. No appearance

ORDER

(Order of the Court was made by M.M.SUNDRESH, J.) The petitioner being the borrower has come forward to file this writ petition seeking direction to the respondent to calculate the amount payable under the one time settlement(OTS) policy. 2.It appears that this is a continuation of the earlier round of litigation between the parties. Now, the Debts Recovery Tribunal-I, Chennai, has reserved orders on the application filed by the respondent-Bank.

3.In such view of the matter, we are not inclined to entertain this writ petition. In the event the said application being ordered against the petitioner, he can very well work out his remedy before the Appellate Forum by raising all the contentions. Accordingly, leaving all the issues open, the writ petition stands closed. No costs. (M.M.S., J.) (R.H., J.) 09.09.2020 raa/kmk

M.M.SUNDRESH, J.

and R.HEMALATHA,J.

raa/kmk W.P.No.6628 of 2020 09.09.2020