M/S. Grd Educational Trust v. The Authorized Officer

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 13.02.2025

CORAM:

THE HONOURABLE MR.K.R.SHRIRAM, CHIEF JUSTICE and THE HONOURABLE MR.JUSTICE V.LAKSHMINARAYANAN and W.M.P.(MD).Nos.6267 and 6268 of 2023 M/s. GRD Educational Trust Represented by its Trustee, M.Subramaniam S/o.S.Muthusamy, Plot No.5, Maruthi Salai, II Cross Road, Annamalai Nagar (East), Trichy-620 018.

... Petitioner -Vs1. The Authorized Officer, Canara Bank, Regional Office-Trichy, 1st Floor, Muthaiya Towers, Williams Road, Trichy- 620 001.

2. The Branch Manager, Canara Bank, Trichy Main Branch II, 99, West Bouleward Road, Trichy- 620 008.

... Respondents

PRAYER: Petition filed under Article 226 of the Constitution of India, to issue a writ of Certiorari, calling for the records relating to the impugned sale notice dated 22.06.2022 published in the English Newspapers on 25.02.2023 issued by the 1st respondent and quash the same in so far as it relates to the petitioner. For Petitioner :

Mr.G.Mohan Kumar For Respondents :

Mr.R.Pandivel

O R D E R

[Order of the Court was made by The Hon'ble CHIEF JUSTICE] Counsel for petitioner seeks leave to withdraw the petition in view of subsequent developments. Counsel states that petitioner has already challenged subsequent actions of the Bank before the Debt Recovery Tribunal. 2.Writ Petition is dismissed as withdrawn. There shall be no order as to costs. Consequently, the interim applications are closed. 3.At this stage, we should note that counsel for petitioner stated that if the

Bank is reasonable and provides a correct calculation, petitioner would pay the entire loan amount.

4.For information, a copy of this order be sent to the Managing Director, Canara Bank.

[K.R.SHRIRAM., C.J.] [V.LAKSHMINARAYANAN,J.] 13.02.2025 NCC : Yes / No Index : Yes / No LR To Copy to The Managing Director, Canara Bank, 112, J.C. Road, Bangalore, Karnataka, 560 002.

THE HON'BLE CHIEF JUSTICE and V.LAKSHMINARAYANAN, J.

LR 13.02.2025