Aks Cold Storage Ltd, v. Indian Bank,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 26.04.2024 CORAM :

THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE J.SATHYA NARAYANA PRASAD A.K.S. Cold Storage Limited Rep. by its Managing Director AKS Saravanan S.F.No.956, AKS Farm Bathrakaliamman Koil Road Thekkampatti Village Mettupalayam 641 305 Coimbatore District.

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Petitioner Vs.

Indian Bank Rep. by its Branch Manager Mettupalayam Branch No.212, Ooty Main Road Mettupalayam Coimbatore District 641 801.

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Respondent Prayer: Petition filed under Article 226 of the Constitution of India seeking a writ of Certiorarified Mandamus to call for the records relating to the possession notice dated 08.12.2023 issued by the respondent bank and quash the said possession notice dated

08.12.2023 and direct the respondent bank to restore the status of the petitioner company's term loan account as it stood prior to the classification of NPA.

For the Petitioner : Mr.P.V.Balasubramanian Senior Counsel For Mr.Roshan Atiq M

ORDER

(Made by the Hon'ble Chief Justice) Learned Senior Counsel, on instructions, seeks leave to withdraw the writ petition, with liberty to approach Debts Recovery Tribunal.

2. The writ petition is dismissed with liberty as aforesaid. There shall be no order as to costs. Consequently, W.M.P.Nos.12721 & 12724 of 2024 are also dismissed.

(S.V.G., CJ.) (J.S.N.P., J.) 26.04.2024 Index :

Yes/No :

Yes/No kpl

To The Branch Manager Indian Bank Mettupalayam Branch No.212, Ooty Main Road Mettupalayam Coimbatore District 641 801.

THE HON'BLE CHIEF JUSTICE AND J.SATHYA NARAYANA PRASAD, J (kpl) 26.04.2024