Case Details

IN THE HIGH COURT OF JUDICATURE AT MADRAS ( Special Original Jurisdiction ) Thursday, the Twenty Second day of April Two Thousand Twenty One PRESENT THE HON`BLE MR.JUSTICE SANJIB BANERJEE, THE CHIEF JUSTICE and THE HON`BLE MR JUSTICE SENTHILKUMAR RAMAMOORTHY W.P.No.33319 of 2019 1 M/S.KOTAK MAHINDRA BANK LTD [ PETITIONER ] REP BY ITS VICE PRESIDENT PRESENTLY AT ASSET RECONSTUCTION DIVISION, 5TH FLOOR, SAMSON TOWER, NO 402 L, PANTHEON ROAD, EGMORE CHENNAI-8. Vs 1 A.ANAND PRASAD [ RESPONDENTS ] 2 M/S.RAVISHANKAR INDUSTRIES PVT.,LTD, REP BY THE PROVISIONAL LIQUIDITOR, CORPORATE BHAVAN, SECOND FLOOR, NO 29, RAJAJI SALAI CHENNAI-1. 3 THE REGISTRAR DEBTS RECOVERY APPELLATE TRIBUNAL CHENNAI. Writ petitions under article 226 of the Constitutions of India praying that in these circumstances stated therein and in the respective affidavits filed their with the High Court will pleased to issue a writ of certiorarified mandamus or any other order, direction in the nature of appropriate writ to call for the records of the Impugned order dated 24.10.2019 passed in M.A.NO 11/2019 on the file of the 3rd Respondent and quash the portion of the order that if due amoutn recovered from Andhra Property and Mumbai Property is found not sufficient then Bank has a right to recover the balance money from Adyar Property also and allow the Appeal filed by the Petitoner to quash the impugned order dated 29.5.2018 passed in A.P.NO 07/2018 IN M.A.NO44 and 45/2018 in DRC.NO 05/2013 on the file of the Debts Recovery Tribunal- II, Chennai (IN WP.NO.33319 OF 2019.) https://hcservices.ecourts.gov.in/hcservices/ Order : This petition coming on this day for hearing upon perusing the petition and the affidavit filed in support thereof and upon hearing the arguments of MR.E.OMPRAKASH, SENIOR COUNSEL ASSISTED BY MR. P.ELAYARAJ KUMAR, FOR MR.RAMALINGAM AND ASSOCIATES Advocate for the petitioner and of MR.SATHISH PARASARAN, SENIOR COUNSEL FOR M/S.PRAHLAT BHAT for respondents the court made the following order:- The matter will appear a week after the summer vacation. In the meantime, no further third party rights ought to be created in respect of the residential house at Old No.60, New No.30, III Main Road, Gandhi Nagar, Adyar, Chennai 600 020 or in respect of the agricultural land at Manapakkam Village near Chennai (extent Ac 7.69 patta land and Ac 1.22 poramboke land) together with out-house, cow-sheds, etc. and the wells and pump-sets thereat. The adjournment is granted in the hope that a negotiated settlement may be arrived at to bring a final closure to the matter that has been lingering for a considerable period of time. List on 09.06.2021. -sd/- 22/04/2021 / TRUE COPY / Sub-Assistant Registrar ( Statistics / C.S. ) High Court, Madras - 600 104. TO 1 THE REGISTRAR DEBTS RECOVERY APPELLATE TRIBUNAL CHENNAI. Order in WP.33319/2019 Date :22/04/2021 From 26.2.2001 the Registry is issuing certified copies of the Interim Orders in this format MJ 26/04/2021 https://hcservices.ecourts.gov.in/hcservices/