M/S.Sunshine Nails and Bolts v. The Authorized Officer

O R D E R [Order of the Court was made by D.KRISHNAKUMAR, J.] Challenging the order passed by the Debts Recovery Tribunal, Madurai in S.A.No.07 of 2023, dated 06.01.2023, the petitioners have filed this Writ Petition.

¶2Heard Mr.R.Subramanian, learned counsel appearing on behalf of Mr.M.Saravanan, learned counsel for the petitioners and Mr.N.Dilip Kumar, learned Standing Counsel, who takes notice for the respondent.

¶3By consent, this Writ Petition is taken up for final disposal at the admission stage itself.

¶4Learned counsel appearing for the respondent – Bank submitted that as against the impugned order, the petitioners have an appeal remedy under Section 19 of the SARFAESI Act and without exhausting such remedy, the petitioners have approached this Court and therefore, this Writ Petition is liable to be dismissed.

¶5In view of the aforesaid submissions, this Writ Petition is dismissed. Liberty is granted to the petitioners to avail an appeal remedy under Section 19 of the SARFAESI Act. No costs. Consequently, connected miscellaneous petition is closed.

[D.K.K., J.] [R.V., J.]

07.02.2023 NCC : Yes / No Index : Yes / No

vsm D.KRISHNAKUMAR

, J.

and

R.VIJAYAKUMAR, J. vsm To The Authorized Officer, Tamil Nadu Mercantile Bank Ltd., Madurai Simmakkal Branch, D.No.28, Naicker New Street, Sakthi Sivam Theatre Complex, Simmakkal, Madurai – 625 001. W.P.(MD)No.2492 of 2023

07.02.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 07.02.2023 CORAM: THE HONOURABLE MR.JUSTICE D.KRISHNAKUMAR and THE HONOURABLE MR.JUSTICE R.VIJAYAKUMAR W.P.(MD)No.2492 of 2023 and W.M.P.(MD)No.2273 of 2023 1.M/s.Sunshine Nails & Bolts, A Partnership Firm, Rep. by its Partner J.Jeyavel, Door No.3-W, 115A, Samanatham, Iyyanarpuram, Panaiyur Post, Madurai – 625 009. 2.Jeyavel 3.J.Latha 4.A.Nagarajan 5.S.Paripooranam ... Petitioners Vs. The Authorized Officer, Tamil Nadu Mercantile Bank Ltd., Madurai Simmakkal Branch, D.No.28, Naicker New Street, Sakthi Sivam Theatre Complex, Simmakkal, Madurai – 625 001. ... Respondent PRAYER : Petition filed under Article 226 of the Constitution of India, to issue a Writ of Certiorari, calling for the records pertaining to the impugned order passed by the Debts Recovery Tribunal, Madurai in proceedings in S.A.No. 07/2023 dated 06.01.2023 and quash the same. For Petitioners : Mr.R.Subramanian for Mr.M.Saravanan For Respondent : Mr.N.Dilipkumar, Standing Counsel.