Nithisha Traders v. The Regional Governor

ORDER Learned counsel for the petitioner submits that the matter has become infructuous and that it may be dismissed as such.

¶2Recording the said submission, this writ petition is dismissed having become infructuous. No costs.

06.10.2023 NCC : Yes/No Internet :Yes/No Index :Yes/No sm

N.ANAND VENKATESH, J. sm W.P.(MD)No.17076 of 2020 Dated:

06.10.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 06.10.2023 CORAM THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH W.P.(MD)No.17076 of 2020 Nithisha Traders, Rep. By its Proprietor, B.Seeinivasan. ...Petitioner /Vs./ 1.The Regional Governor, Reserve Bank of India, The Dept. of Nonbanking Supervision, Port Glacis 16th Rajaji Salai, Chennai - 1. 2.The General Manager, Lakshmi Vilas Bank, Recovery Dept., Regional Office, Karur, 2nd Floor, Salem Main Road, Kathaparai, Karur District. 3.The Manager, Lakshmi Vilas Bank, Main Branch, Madurai. . ...Respondents PRAYER:- Petition - filed under Article 226 of the Constitution of India, to issue a Writ of Mandamus, directing the respondents to extend the period of time grant under Rule 9(4) of the Security Interest Enforcement Rule, 2002 to deposit the remaining Rs.21 Lakhs the OTS amount Rs.26 Lakhs as per the extant guidelines of the Bank in tune with RBI directives. For Petitioner : Mr.K.Kevinkaran For Respondents : Mr.S.I.Muthaiah (R2)