John Udayakumar v. The Authorised Officer

O R D E R [Order of the Court was made by The Hon'ble The CHIEF JUSTICE] Heard Mr.B.Jameelarasu, learned counsel for the petitioner and Mr.V.S.Karthi, learned counsel for the respondent Bank.

¶2The learned counsel for the Bank submits that the interest of Rs.6,17,864/- payable by the petitioner has been waived by the bank and the learned counsel, on instructions, further submits that within two weeks, the documents of the petitioner would be released. The petitioner may arrange for the discharge registration.

¶3In view of the said submission made, the writ petition is disposed of. However, there is no order as to costs.

[S.V.G., CJ.] [P.V.M, J.]

28.08.2023 NCC : Yes / No Index : Yes / No

RR W.P.(MD) No.18145 of 2023 THEoHON'BLEoTHEoCHIEFoJUSTICE and oP.VADAMALAIoo,oJo. RR W.P.(MD)No.18145oofo2023

28.08.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 28.08.2023 CORAM: THE HON'BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICE and THE HON'BLE MR.JUSTICE P.VADAMALAI W.P.(MD) No.18145 of 2023 John Udayakumar ... Petitioner -vs- The Authorised Officer City Union Bank Limited Credit Recovery and Management Department Narayan Administrative Office 21/B Gandhinagar,Kumbakonam Thanjavur District ... Respondent PRAYER: Petition filed under Article 226 of the Constitution of India, for issuance of a Writ of Mandamus to direct the respondent Bank to release the original collateral documents mortgaged by the petitioner with the respondent bank vide his loan Account No.501812080077296 in the light of total repayment of entire loan amount as per the directions of this Court made in WP(MD) No. 21954 of 2022 dated 16.09.2022 within the time stipulated by this Court. For Petitioner : Mr.B.Jameelarasu For Respondent : Mr.V.S.Karthi