Slo Industries Ltd v. The General Manager

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 02.09.2025

CORAM

THE HONOURABLE MR.JUSTICE M.DHANDAPANI And W.M.P.No.3256 of 2017 SLO Industries Ltd., Rep. by its Managing Director ... Petitioner Vs.

1.The General Manager Corporation Bank, Zonal Office, Whites Road Royapettah, Chennai - 600 014.

2.The Chief Manager, Corporation Bank, Kellys Corner Branch, Chennai - 600 010.

... Respondents Prayer:

Petition filed under Article 226 of the Constitution of India to issue a Writ of Declaration declaring that classifying the petitioner's loan account as Non Performing Asset by the second respondent bank in violation of the guidelines framed by the Reserve Bank of India is invalid, void ab initio and nullity in law.

For Petitioner : Mr.S.Jayakumar 1/3

O R D E R

This writ petition has been filed seeking issuance of Writ of Declaration declaring that classifying the petitioner's loan account as Non Performing Asset by the second respondent bank in violation of the guidelines framed by the Reserve Bank of India is invalid, void ab initio and nullity in law.

2.The learned counsel appearing for the petitioner reports 'no instructions'.

3.In view of the above, this writ petition is dismissed. No costs. Consequently, connected miscellaneous petition is closed. 02.09.2025 pri Index: Yes/ No Speaking Order: Yes/ No NCC: Yes/ No To 1.The General Manager Corporation Bank, Zonal Office, Whites Road Royapettah, Chennai - 600 014.

2.The Chief Manager, Corporation Bank, Kellys Corner Branch, Chennai - 600 010.

2/3

M.DHANDAPANI,J.

pri And W.M.P.No.3256 of 2017 02.09.2025 3/3