M/S First Step Public School v. The Authorized Officer

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 30.11.2023 CORAM :

THE HONOURABLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE and THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI and W.M.P(MD)Nos.5848 and 5850 of 2022 1.M/s.First Step Public School, Represented by its Chairman, Mr.P.Krishna Moorthy, 2.M/s.Centre for Human and Natural Resources Development, Represented by its Secretary, Mr.P.Krishnamoorthy 3.M/s.Amutham Foundation, Represented by its Chairman/Managing Trustee, Mr.P.Krishna Moorthy 4.Mr.P.Krishnamoorthy ... Petitioners Vs.

1.The Authorized Officer, Varthana Finance Private Limited., (Formerly Known as Thirumeni Finance Private Limited), Registered Office: Varasiddhi, 3rd Floor, 5BC-110 Service Road, 3rd Block, HRBR Layout, Bangalore - 560 043.

2.Varthana Finance Private Limited, (Formerly Known as Thirumeni Finance Private Limited),

Rep. by its Branch Manager, Madurai Branch, No.166, Keelpura Street, Upstairs Hotel Magil, Bypass Road, Madurai - 625 016.

3.Debts Recovery Tribunal - Madurai, III & IV Floor, Kalyani Towers, 4/162, Madurai-Melur Road, (Near Meenakshi Mission Hospital), Uthangudi Post, Madurai - 625 107, Rep. by Registrar ... Respondents PRAYER : Petition filed under Article 226 of the Constitution of India, to issue a Writ of Certiorari, to call for the records pertaining to the proceedings dated 25.02.2022 passed by the third respondent in S.A.No.117 of 2022 insofar as payment of 2nd conditional amount of Rs.1.25 Crores and quash the same.

For Petitioners : Mr.K.Veerapandian for M/s.Vast Law Associates For R-1 & R-2 : Mr.A.Sivasubramanian

ORDER

[Order of the Court was made by The Hon'ble CHIEF JUSTICE] Heard the learned counsel for the petitioner and the learned counsel for the bank.

2. The learned counsel for the bank, on instructions, submitted that the account of the petitioner has been settled.

3. In light of that, the writ petition stands disposed of. No Costs. Consequently, connected miscellaneous petitions are closed. [S.V.G., C.J.] [L.V.G., J.] 30.11.2023 Index : Yes / No PM To:

The Registrar, Debts Recovery Tribunal - Madurai, III & IV Floor, Kalyani Towers, 4/162, Madurai-Melur Road, (Near Meenakshi Mission Hospital), Uthangudi Post, Madurai - 625 107,

THE HONOURABLE CHIEF JUSTICE and L.VICTORIA GOWRI , J.

PM 30.11.2023