M/S.Gelind Tech Consultants v. The Reserve Bank Of India
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 06.01.2025
CORAM
THE HONOURABLE MR.JUSTICE M.S. RAMESH AND THE HONOURABLE Dr.JUSTICE A.D.MARIA CLETE and WMP(MD) Nos.26138 and 26140 of 2024
1. M/s.Gelind Tech Consultants, represented by its Managing Director K.Karuppiah
2. K.Karuppiah ... Petitioners Vs
1. The Reserve Bank of India, Fort Glacis, 16, Rajaji Road, Fort St. George, Chennai - 600 001..
2. City Union Bank Limited, Credit Recovery and Management Department, Narayana, Administrative Office, No.24-B, Gandhi Nagar, Kumbakonam - 612 001..
3. City Union Bank Ltd, Medical College Road, Thanjavur - 613 007..
... Respondents PRAYER :- Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Certiorarified Mandamus to call for the records relating to communication dated 30.10.2024 issued 1/4
by the 2nd respondent Bank, to quash the same, for being arbitrary, illegal and without jurisdiction and consequenly declare the classification of the Petitioners loan accounts with the 2nd and 3rd respondent bank as an NPA as illegal and further direct the 2nd and 3rd respondents to comply with the Framework for revival and rehabilitation of Micro, Small and Medium Enterprises mandated by the 1st respondent Reserve Bank of India.
For Petitioner : Mr.Tarun Rao Kallakuru
ORDER
The appropriate forum to redress the grievance put forth in this writ petition would be the Debt Recovery Tribunal, Madurai. When such an alternative remedy is available, it would not be justifiable to entertain the present writ petition. Accordingly, the petitioners are granted liberty to approach the Debt Recovery Tribunal for redressal of their grievances.
2. With the above liberty, the writ petition stands dismissed. No costs. Consequently connected Miscellaneous Petitions are closed. [M.S.R.,J] [A.D.M.C.,J] 06.01.2025 NCC : Yes/No 2/4
RR 3/4
M.S. RAMESH , J.
AND A.D.MARIA CLETE, J.
RR
ORDER
IN WP(MD) No.31175 of 2024 Date : 06.01.2025 4/4