Maximus Arc Ltd v. M/S.Sri Devi Karumariamman Educational

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 20.09.2019

CORAM

THE HON'BLE MR. JUSTICE P.D. AUDIKESAVALU W.P. No. 17170 of 2019 and W.M.P. Nos. 16722, 16724,16728 and 16730 Maximus Arc Limited, A Company Incorporated under Company's Act 2013, Having registered and corporate office at, 59 A-18/1A - 5A, 3rd Floor, Sri Plaza, Teacher's Colony, Patamata, Vijayawada 520 008.

Rep. By Assistant Vice President Shri K. Hari Krishna ...

Petitioner -vs1.M/s. Sri Devi Karumariamman Educational Trust, No.5, Chellammal complex, Janaki Nagar, Arcot Road, Valasaravakkam, Chennai 600 087.

2.Indian Bank, Rep. By its Managing Director and CEO, Central Office, No. 254-260, Avvai Shanmugam Salai, Royopettah, Chennai 600 001.

3.Central Bank of India, MID Corporate Branch, 48/49, Montieth Road, Egmore, Chennai 600 008, Rep. By its Chief Manager Mr. Ujjal Kumar Moitra. 4.Aringar Anna Institute of Science and Technology, 5.Aringar Anna Institute of Management Studies and Computer Applications, ... Respondents Prayer:- Petition filed under Article 226 of the Constitution of India, to issue a Writ of Mandamus, directing the 2nd Respondent Bank to close down, Account No.6594023039 and 6594022116 in the name of the 4th Respondent maintained with the Indian Bank, Kodambakkam Branch, Account No.6590355047 in the name of the first respondent maintained with Indian Bank, Kodambakkam Branch, Account No.6594019341 in the name of the 5th Respondent

maintained with the Indian Bank, Kodambakkam Bank Branch, and consequently, direct the 2nd Respondent to transfer all the monies in the afore mentioned accounts to the credit of current Account No.3173997243 maintained with the 3rd Respondent bank by the First Respondent trust as per letter dated 16.03.2019 issued by the 3rd Respondent to the 2nd Respondent.

For Petitioner :

Mr. Nithyaesh Natraj For Respondents:

Mr. S.Pushpakaran, (for R1, R4 & R5) Ms. Rita Chandrasekar for M/s.Aiyar and Dolia (for R2) Mr. T.S. Rajeev Gandhi for M/s. NVS Associates (for R3)

O R D E R

Learned Counsel for the Petitioner submits that the relief sought by the Petitioner in this Writ Petition has been granted by order dated 03.09.2019 in I.A. No. 325 of 2019 in O.A. No. 496 of 2016 by the Debts Recovery Tribunal-II, Chennai and no further orders are necessary in this Writ Petition and he has made an endorsement to that effect.

2.

Recording the aforesaid subsequent events, the Writ Petition is disposed. Consequently, connected Miscellaneous Petitions are closed. No costs.

Sd/- Assistant Registrar //True Copy// Sub Assistant Registrar gsa/vjt To 1.The Managing Director and CEO, Indian Bank, Central Office, No. 254-260, Avvai Shanmugam Salai, Royopettah, Chennai 600 001.

2.The Chief Manager, Central Bank of India, MID Corporate Branch, 48/49, Montieth Road, Egmore, Chennai 600 008, 3.Aringar Anna Institute of Science and Technology,

4.Aringar Anna Institute of Management Studies and Computer Applications, W.P. No. 17170 of 2019 SV(CO) CB(09/01/2020)