Krishnan. U v. The Authorised Officer

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 28.08.2023 CORAM :

THE HONOURABLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE and THE HONOURABLE MR.JUSTICE P.VADAMALAI and W.M.P(MD)Nos.16229 & 16231 of 2023 U.Krishnan ... Petitioner Vs.

The Authorized Officer, Union Bank of India, Asset Recovery Branch, No.51, Rosary Church Building, Town Hall Road, Madurai - 625 001.

... Respondent 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 impugned e-auction sale notice, dated 26.06.2023 issued by the respondent and quash the same as illegal.

For Petitioner : Mr.G.Vishnuram For Respondent : Mr.N.Dilip Kumar

O R D E R

[Order of the Court was made by The Hon'ble CHIEF JUSTICE] Heard Mr.G.Vishnuram, learned counsel for the petitioner and Mr.N.Dilip Kumar, learned counsel appearing for the respondent.

2. The matter is placed today "for reporting compliance".

3. On 11.08.2023, this Court observed that the petitioner has undertaken to deposit Rs.13,00,000/- (Rupees Thirteen lakhs only) on or before 25.08.2023. The Court, in view of the said undertaking, directed that status quo shall be maintained till 25.08.2023. The Court further observed that if the petitioner did not show his bonafides, as undertaken before this Court, it is open to the respondent/Bank to proceed with the matter in accordance with law and the petitioner shall pursue his remedy before the Debts Recovery Tribunal, Madurai.

4. As the petitioner has not complied with the undertaking, the order of this Court stands.

5. The Writ Petition stands disposed of in terms of the order, dated 11.08.2023. No costs. Consequently, connected miscellaneous petitions are closed.

[S.V.G., C.J.] [P.V.M., J.] 28.08.2023 Index : Yes / No RM

THE HONOURABLE CHIEF JUSTICE and P.VADAMALAI , J.

RM 28.08.2023