M/S.Peri Education And Charitable Trust v. Indian Overseas Bank

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 21.07.2025 CORAM :

THE HON'BLE MR. JUSTICE R.SUBRAMANIAN AND THE HON'BLE MRS.JUSTICE K.GOVINDARAJAN THILAKAVADI M/s Peri Education and Charitable Trust rep by its Chairman Mr.Saravanan Periasamy Peri Knowledge Park, Mannivakkam Chennai 600 048 ..

Petitioner v.

1. Indian Overseas Bank Asset Recovery Management Branch 763, Anna Salai Chennai 600 002

2. Indian Overseas Bank Irungattukottai Branch Large Advances Branch SIPCOT Industrial Park Irungattukottai, Sriperumbudur Kanchipuram 602 117 ..

Respondents Petition filed under Article 226 of the Constitution of India, praying for issuance of a Writ of Certiorari, to call for the records of the 1st respondent in respect of the impugned sale notice of immovable secured assets dated 30.06.2025 and quash the same and consequently declare the

auction conducted by the 1st respondent on 16.07.2025 as null and void. For Petitioner ::

Mr.A.K.Sriram Senior Counsel for Mr.L.Murali Krishnan

ORDER

(Order of the Court was made by R.SUBRAMANIAN,J.) In view of the latest pronouncement of the Hon'ble Supreme Court, the writ petition is dismissed with liberty to the petitioner to go before the Debts Recovery Tribunal. Consequently, W.M.P.Nos.30440 & 30442 of 2025 are dismissed.

Index : yes/no (R.S.M.,J.) (K.G.T.,J.) 21.07.2025 ss To

1. Indian Overseas Bank Asset Recovery Management Branch 763, Anna Salai Chennai 600 002

2. Indian Overseas Bank

Irungattukottai Branch Large Advances Branch SIPCOT Industrial Park Irungattukottai, Sriperumbudur Kanchipuram 602 117

R.SUBRAMANIAN,J.

AND K.GOVINDARAJAN THILAKAVADI,J.

ss 21.07.2025