Pirainuthali C v. The Regional Manager

ORDER

Heard the learned counsel appearing for the writ petitioner and the learned Standing Counsel appearing for the respondent Bank.

¶2The petitioner had availed jewel loan from the second respondent. She wants to redeem the same by returning the principal amount with interest. Since the petitioner's husband as well as her father-in-law had availed loan from the second respondent, it appears that the Bank had some reservations about permitting the petitioner to redeem the pledged jewels. That led to filing of this writ petition.

¶3When the matter was taken up for hearing, the learned Standing Counsel submitted that the Bank would permit the petitioner to redeem the jewels on payment of the amount borrowed together with interest.

¶4Recording the stand of the respondents, this writ petition is allowed. There shall be no order as to costs.

10.10.2023 NCC : Yes/No Index : Yes / No Internet : Yes/ No MGA To

1.The Regional Manager, Indian Bank, Madurai Region, D.No.100/101, East Avani Moola Street, Madurai – 625 001.

2.The Branch Manager, Indian Bank, Bodi Nayakkanur Branch, Bodi Nayakkanur, Theni District – 625 513.

G.R.SWAMINATHAN, J. MGA

10.10.2023

BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED : 10.10.2023 CORAM THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN C.Pirainuthali ... Petitioner Vs. 1.The Regional Manager, Indian Bank, Madurai Region, D.No.100/101, East Avani Moola Street, Madurai – 625 001. 2.The Branch Manager, Indian Bank, Bodi Nayakkanur Branch, Bodi Nayakkanur, Theni District – 625 513. ... Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Mandamus, directing the second respondent to return the jewels, pledged by the petitioner Jewel loan account No. 3126 dated 12.04.2022, by receiving the entire Jewel loan amount along with its interest by considering the petitioner's representation dated 07.09.2023 within the time limit that may be stipulated by this Court. For Petitioner : Mr.M.S.Jeyakarthik For Respondents : Mr.R.Pandivel Standing Counsel