Chithra.G v. The Authorized Officer

O R D E R [Order of the Court was made by R.SUBRAMANIAN, J.] Mr.R.Sivakumar, learned Standing Counsel, takes notice for the respondent – Bank.

¶2The sale notice, dated 18.02.2023, issued by the respondent – Bank, is under challenge in this writ petition.

¶3The amount due is Rs.71,11,000/- (Rupees seventy one lakhs and eleven thousand only).

¶4Learned counsel for the petitioner would submit that the petitioner is ready to liquidate the loan, if sometime is given. He would also offer to pay 25% of the amount due upfront.

¶5Learned Standing Counsel appearing for the respondent – Bank would submit that the petitioner has been given enough and more time and the petitioner has not come forward to pay the loan amount.

¶6Considering the overall circumstances, the respondent – Bank can go ahead with the sale, but it shall not confirm the sale, if the petitioner pays a sum of Rs.28,00,000/- (Rupees twenty eight lakhs only) to the respondent – Bank, on or before 13.04.2023.

¶7The balance amount shall be paid by the petitioner in four equated monthly installments commencing from May, 2023. The monthly instalments shall be paid on or before 20th of every succeeding month.

¶8The interest payable for the interregnum period and the cost of the sale shall be paid along with the last installment.

¶9The respondent – Bank can proceed to confirm the sale, if there is a default in payment of any one of the monthly installments.

¶10It is open to the petitioner to seek one time settlement.

¶11The writ petition is disposed of with the above directions,. No costs. Consequently, connected miscellaneous petition is closed.

[R.S.M., J.] [L.V.G., J.]

21.03.2023 NCC : Index : Internet :

krk R.SUBRAMANIAN , J . and L.VICTORIA GOWRI , J . krk and W.M.P.(MD) No.5916 of 2023

21.03.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 21.03.2023 CORAM: THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN and THE HONOURABLE MRS.JUSTICE L.VICTORIA GOWRI and W.M.P.(MD) No.5916 of 2023 G.Chitra ... Petitioner -vs- The Authorised Officer Repco Home Finance Limited New T.S.No.67, Door No.24 11th Cross, Ram Arcade Thillai Nagar, Trichy-620 018 ... Respondent PRAYER: Petition filed under Article 226 of the Constitution of India, to issue a writ of certiorari calling for the records of the impugned E-Auction sale notice dated 18.02.2023, issued by the respondent, quash the same as illegal. For Petitioner : Mr.A.S.Abul Kalam Azad For Respondent : Mr.R.Sivakumar, Standing Counsel