S. Sivagami Sundari v. The Authorized Officer

O R D E R [Order of the Court was made by The Hon'ble CHIEF JUSTICE] Heard the learned counsel appearing on either side.

¶2The present writ petition is filed against the order passed in I.A.Sr.No.15538 of 2018 in S.A.No.18 of 2019 by the Debts Recovery Tribunal, Madurai, wherein the right claimed by the petitioner for redemption of her property is negatived.

¶3The learned counsel for the petitioner submits that the petitioner is ready to redeem the property by paying the amount due and payable. However, only on the ground that after the auction sale, the right of redemption is lost, the impugned order is passed.

¶4The learned counsel for the petitioner does not dispute that the property is sold under the SARFAESI Act, 2002. The Hon'ble Apex Court in the case of Celir LlP v. Bafna Motors (Mumbai) Pvt. Ltd., reported in 2023 SCC OnLine SC 1209, has held that the right to redeem is lost after the auction sale notice is issued. The auction is after the amendment to the provisions of Rule 13(8) of the SARFAESI Act.

¶5In light of that, no error is committed by the Debts Recovery Tribunal. It is only if the sale is challenged on the ground of illegality or irregularity, then petitioner can agitate in respect of the same.

¶6The writ petitions is accordingly disposed of. No Costs. Consequently, connected miscellaneous petition is closed. [S.V.G., C.J.] [K.K.R.K, J.]

29.11.2023 Index : Yes / No PM To:

The Debts Recovery Tribunal Madurai, III & IV Floor, Kalyani Towers, No.4/162 Madurai-Melur Road, (Near Meenakshi Mission Hospital), Uthangudi Post, Madurai – 625 107. THE HONOURABLE CHIEF JUSTICE and K.K. RAMAKRISHNAN , J . PM

29.11.2023 ____________https://www.mhc.tn.gov.in/judis

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 29.11.2023 CORAM : THE HONOURABLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE and THE HONOURABLE MR.JUSTICE K.K. RAMAKRISHNAN and W.M.P(MD)No.13016 of 2020 1.Mrs.S.Sivagami Sundari 2.Mrs.S.Visalakshi 3.Manonmani ... Petitioners Vs. 1.The Authorized Officer, Tamilnad Mercantile Bank Ltd., No.209, Palakarai Main Road, Mailam Chandai, Tiruchirapalli – 620 008. 2.Tamilnad Mercantile Bank Ltd., Rep. by its Branch Manager, No.209, Palakarai Main Road, Mailam Chandai, Tiruchirapalli – 620 008. 3.Thiru.S.Muralidharan 4.Debts Recovery Tribunal Madurai, III & IV Floor, Kalyani Towers, No.4/162 Madurai-Melur Road, (Near Meenakshi Mission Hospital), Uthangudi Post, Madurai – 625 107. ... Respondents PRAYER : Petition filed under Article 226 of the Constitution of India, to issue a Writ of Certiorari, calling for the records relating to the order dated 03.03.2020 made in I.A.Sr.No.15538 of 2018 in S.A.No.18 of 2019 on the file of the fourth respondent herein and quash the same. For Petitioner : Mr.V.Veerapandian For R-1 & R-2 : Mr.N.Dilipkumar, Standing Counsel For R-3 : No Appearance