S.R.Shyam Sundar v. The Authorized Officer
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 05.03.2025 CORAM :
THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE MOHAMMED SHAFFIQ C.R.P.Nos.1514 & 1047 of 2021 C.R.P.No.1514 of 2021 S.R.Shyam Sundar .. Petitioner Vs 1.The Authorized Officer, State Bank of India, Stressed Assets Management Branch, Red Cross Building, No.32, Montieth Road, Egmore, Chennai -600008 Kancheepuram District, Kancheepuram.
1 st Cross Street, Sholonganallur, Chennai-600119.
4.Mr.P.K.Sivakumar 5.Mr.P.K.Narayanan 6.Mr.Badrinarayana Choudhary Director of Goldern Shelters Private Ltd., No.33, Ruthland Towers, Shafee Mohmmed Road, Greams Road Post, Chennai-600006.
.. Respondents Prayer : Petition under Article 227 of the Constitution of India to set aside the order dated 19.04.2021 in R.A. (SA) No.27 of 2020, on the file of the Debt Recovery Appellate Tribunal, Chennai, partly allowing the order dated 15.06.2020 in S.A.No.192 of 2019 on the file of the Debts Recovery Tribunal-I, Chennai and thus render justice.
For Petitioner Mr.G.Thamizharasi for M/s.Giridhar & Sai For Respondent Mr.M.L.Ganesh for R1 Mrs.R.Anitha, Special Government Pleader for R2 & R3 Mr.P.Ravishankar Rao for R4 & R5 Mr.Haja Nazirudeen, Senior Advocate for Mr.P.Haribabu for R6
C.R.P.No.1047 of 2021 The Authorized Officer, State Bank of India, Stressed Assets Management Branch, Red Cross Building, No.32, Montieth Road, Egmore, Chennai -600008 .. Petitioner Vs 1.Mr.S.R.Shyam Sundar Kancheepuram District, Kancheepuram.
1 st Cross Street, Sholonganallur, Chennai 600 119.
4.Mr.P.K.Sivakumar 5.Mr.P.K.Narayanan 6.Mr.Badrinarayana Choudhary, Director of Golden Shelters Private Ltd., No.33, Ruthland Towers, Shafee Mohmmed Road, Greams Road Post, Chennai-600006 .. Respondents
Prayer : Petition under Article 227 of the Constitution of India to set aside the order dated 19.04.2021 in R.A. (SA) No.27 of 2020, on the file of the Debt Recovery Appellate Tribunal, Chennai, and consequently, allow the same in entirety and thus render justice.
For Petitioner Mr.M.L.Ganesh For Respondent Mr.G.Thamizharasi for M/s.Giridhar & Sai for R1 Mrs.R.Anitha, Special Government Pleader for R2 & R3 Mr.P.Ravishankar Rao for R4 & R5 Mr.Haja Nazirudeen Senior Advocate for Mr.P.Haribabu for R6 COMMON ORDER (Order of the Court was made by the Hon'ble Chief Justice) Counsel states that the parties have entered into a settlement agreement dated 27.02.2025, in the presence of the Mediator, Ms.Chitra Narayan.
2. The Mediator has also filed a report dated 28.02.2025. The forwarding letter dated 03.03.2025 from the Tamil Nadu Mediation and Conciliation Centre, to the Assistant Registrar, High Court, with its enclosures, is taken on record.
3. In view thereof, petitions stand disposed of. There shall be no order as to costs.
(K.R.SHRIRAM, C.J.) (MOHAMMED SHAFFIQ,J.) 05.03.2025 Index Yes/No NC Yes/No mrn To:
1.The Authorized Officer, State Bank of India, Stressed Assets Management Branch, Red Cross Building, No.32, Montieth Road, Egmore, Chennai -600008 Kancheepuram District, Kancheepuram.
1 st Cross Street, Sholonganallur, Chennai-600119.
THE HON'BLE CHIEF JUSTICE AND MOHAMMED SHAFFIQ ,J.
(mrn)
4. Debt Recovery Appellate Tribunal, Chennai C.R.P.Nos.1514 & 1047 of 2021 05.03.2025