Sethuraman M v. The Ombudsman Of Reserve Bank Of India

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 27.07.2022

CORAM

THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN M.Sethuraman ... Petitioner Vs.

1.The Regional Manager, Indian Bank, "Jenny Plaza"-3rd Floor, No.5F, Bharathiyar Salai, Contonment, Trichy-620001.

2.The Branch Manager, Indian Bank, Kulithalai Branch, No.61-A, Periyar Street, Cauvery Nagar, Kulithalai, Karur District.

... Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Mandamus, to direct the respondents 2 and 3 to hand over the title deed document of the lands in S.Nos.3/2A, 3/2C, 1/2B, 1/3C and 2/1A by mortgaging for the loan obtained by the mother of the petitioner in Account No.505312654.

1/3

For Petitioner : Mr.J.Anandkumar For R1 & R2 : Mr.J.Gopinath

ORDER

Heard the learned counsel on either side.

2. The petitioner had availed mortgage loan from the respondent Bank. He had also deposited the original title deed. The mortgage loan has since been cleared. But the title deed could not be returned because it appears to have been misplaced or lost. The petitioner therefore moved the Banking Ombudsman. The Banking Ombudsman vide communication dated 25.05.2021 had set out the directions which will have to be complied with by the Bank in such cases.

3. The learned standing counsel appearing for the respondent Bank states that they would adhere to the directions set out in the communication dated 25.05.2021 issued by the Banking Ombudsman. This shall be done within a period of eight weeks.

4. The Writ Petition is disposed of accordingly. No costs. 27.07.2022 Index : Yes / No Internet : Yes/ No rmi 2/3

G.R.SWAMINATHAN, J.

rmi 27.07.2022 3/3