W.P.No.19914 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 11.06.2025 CORAM THE HONOURABLE MR.JUSTICE MOHAMMED SHAFFIQ W.P.No.19914 of 2025 Edelweiss Asset Reconstruction Company Limited, Trustee of The EARC Trust-SC 493, Represented by its Authorized Signatory, Mr.Arvind Kumar Jha, Having its register office at Edelweiss House, Off C.S.T.Road, Kalina, Mumbai - 400 098. ... Petitioner(s) Vs. 1.The Inspector General of Registration, Office of the Inspector General of Registration, No.100, Santhome High Road, Chennai - 600 028. 2.The Sub Registrar, O/o.The Sub Registrar Office, Thiruvallur Joint-I, 201, J N Road, Taluk Office Compound, Thiruvallur - 602 001. ... Respondent(s) Prayer: Writ Petition filed under Article 226 of the Constitution of India, praying to issue a Writ of Mandamus, directing the 2nd respondent to register, release and handover the Assignment Agreement dated 24.12.2024 executed between the Petitioner and Centrum Housing 1/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 Finance Limited, bearing No.P/Tiruvallur Joint 1/529/2024 within a time -frame to be fixed by this Hon'ble Court. For Petitioner(s) : Ms.B.Sharmila For Respondent(s) : Ms.Bakkiyalakshmi for R1 & R2 Government Advocate ORDER By consent of learned counsel on both sides, this writ petition is taken up for final disposal at the admission stage itself. 2.The present writ petition is filed praying for a writ of mandamus to direct the 2nd respondent to register, release and handover the Assignment Agreement dated 24.12.2024 executed between petitioner company and Centrum Housing Finance Limited, bearing No.P/Tiruvallur Joint 1/529/2024 within a time frame to be fixed by this Court. 3.Petitioner herein, Edelweiss Asset Reconstruction Company Limited, is a company registered under the companies Act, 1956 (hereinafter referred to as “Assignee”) and registered as an Asset Reconstruction Company in terms of Section 3 of SARFAESI Act, 2002. 2/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 Petitioner is acting in its capacity as trustee of EARC Trust – SC 493 for the benefit of the holders of security receipts issued by the trustee thereunder. 4.Centrum Housing Finance Limited, a public limited company registered under the companies Act, 2013, (hereinafter referred to as the “Assignor”), is engaged in the business of extending finance facilities to its customers upon execution of financing documents. 5.The Assignor approached the Assignee and expressed its willingness to assign certain loans which were disbursed under financial facilities along with all its rights, title and interest in the financing documents along with underlying security interests, pledges and/or guarantees in respect of such loans, to and in favour of the Assignee, pursuant to the terms and subject to the conditions as envisaged under Section 5(1)(b) of SARFAESI Act. 6.The Assignment Agreement was executed between the Assignee and Assignor on 24.12.2024 with an intention to assign certain debts along with underlying securities in favour of Assignee and submitted the 3/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 above agreement before the Sub Registrar of Tiruvallur Joint 1 on 24.12.2024, for registration. 7.It is submitted that the Assignment Agreement dated 24.12.2024 has been kept pending since then. The properties covered under the said Assignment Agreement dated 24.12.2024 falls within the limits of the following Sub Registration Office, Registration District and Zones: S.No. Sub Registrar Office Registration District Zone 1 Thiruvallur Joint I X 17 Schedules Thiruvallur Thiruvallur 2 Gudiyatham X 2 Schedules Vellore Vellore 3 Vellore X 3 Schedules Vellore Vellore 4 Manapparai X 3 Schedules Trichy Trichy 5 Alangudi X 3 Schedules Pudukottai Tanjore 6 Perambakkam X 4 Schedules Kanchipuram Kanchipuram 7 Thiruvalangadu X 4 Schedules Kanchipuram Thiruvallur 8 Elumalai X 1 Schedule Periyakulam Madurai 9 Musiri X 1 Schedule Trichy Trichy 10 Jollarpettai X 1 Schedule Vellore Vellore 11 Kanchipuram Joint II X 1 Schedule Kanchipuram Kanchipuram 12 Chettikulam X 1 Schedule Perambalur Trichy 13 Pammal X 2 Schedules Chennai South Chennai 14 Manavalanagar X 2 Schedules Thiruvallur Thiruvallur 15 Redhills X 2 Schedules Chennai North Chennai 16 Kariyapatti X 1 Schedule Virudhunagar Ramanathapuram 17 Pallikonda X 2 Schedules Vellore Vellore 18 Pullambadi X 1 Schedule Ariyalur Trichy 4/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 S.No. Sub Registrar Office Registration District Zone 19 Thuraiyur X 1 Schedule Ariyalur Trichy 20 Thiruverambur X 5 Schedules Trichy Trichy 21 Ambasamuthiram X 1 Schedule Cheranmahadevi Tirunelveli 22 Pochampalli X 1 Schedule Krishnagiri Salem 23 Ambur X 7 Schedules Vellore Vellore 24 Tiruthani X 4 Schedules Thiruvallur Thiruvallur 25 R.K.Pettai X 2 Schedules Kanchipuram Kanchipuram 26 Thirupathur X 5 Schedules Thirupathur Vellore 27 Lalgudi X 3 Schedules Ariyalur Trichy 28 Thiruvottiyur X 4 Schedules Chennai North Chennai 29 Ambattur X 2 Schedules Chennai North Chennai 30 Mettur X 3 Schedules Salem West Salem 31 Ayothiyapattanam X 2 Schedules Salem East Salem 32 Perungalur X 2 Schedules Pudukottai Tanjore 33 Vaniyambadi X 2 Schedules Vellore Vellore 34 Uthangarai X 1 Schedule Krishnagiri Vellore 35 Rasipuram X 1 Schedule Namakkal Salem 36 Uthukottai X 2 Schedules Thiruvallur Thiruvallur 37 Omalur X 2 Schedules Salem West Salem 38 Mecheri X 3 Schedules Salem West Salem 39 Boodhalur X 1 Schedule Tanjore Tanjore 40 Chennai South Joint – I X 1 Schedule Chennai South Chennai 41 Guduvanchery X 1 Schedule Chennai South Chennai 42 Kulithalai X 1 Schedule Karur Trichy 43 Walajabad X 1 Schedule Kanchipuram Chennai 44 Pudukottai Joint – 1 X 2 Pudukottai Tanjore 45 Thathaiyangarpettai X 1 Trichy Trichy 46 Arani X 1 Schedule Chennai North Chennai 47 Bargar X 1 Schedule Krishnagiri Salem 48 Thuraiyur X 2 Schedule Ariyalur Trichy 5/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 S.No. Sub Registrar Office Registration District Zone 49 Krishnagiri Joint II X 1 Schedule Vellore Vellore 50 Manachanallur X 1 Schedule Trichy Trichy 51 Purasaiwalkam X 1 Schedule Chennai Central Chennai 52 Chennai Central Joint II, Thousand Lights X 1 Schedule Chennai Central Chennai 53 Tirupur Joint – II X 1 Schedule Vellore Vellore 54 Madurai South Joint – I X 1 Madurai Madurai 55 K.Sathanoor X 1 Schedule Trichy Trichy 56 Natrampalli X 1 Schedule Vellore Vellore 57 Trichy Joint – III X 1 Schedule Trichy Trichy 58 Valikdandapuram X 1 Schedule Trichy Trichy 59 Vadakkuveeravanallur X 1 Schedule Cheranmahadevi Trichy 60 Chekkanoorani X 1 Schedule Madurai South Madurai 61 Thallakulam X 1 Schedule Madurai North Madurai 62 Vadipatti X 1 Schedule Madurai North Madurai 63 Valappadi X 1 Schedule Salem East Salem 64 Kadaiyam X 1 Schedule Cherammahadevi Trichy 65 Sholingar X 1 Schedule Arakonam Kancheepuram 66 Pappireddipatti X 1 Schedule Dharmapuri Salem 67 Nangavaram X 1 Schedule Karur Trichy 68 Kanchipuram Joint – IV X1 Kanchipuram Kanchipuram 69 Villivakkam X 1 Schedule Chennai Central Chennai 70 Sembium X 1 Schedule Chennai North Chennai 71 Mallasamuthiram X 1 Schedule Namakkal Salem 72 Triplicane X 1 Schedule Chennai Central Chennai 6/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 8.The 2nd respondent has kept the document pending and has issued memorandum to all the Sub Registrars mentioned in the table above, seeking issuance of “No Objection Certificate” from the concerned Sub Registrars in respect of the properties covered under the aforesaid Assignment Agreement. 9.It is submitted by the learned Government Advocate for the respondents that it is only because “No Objection Certificates” is yet to be obtained from some Sub Registrars mentioned in the above table, document is kept pending for consideration. 10.It is further submitted that once “No Objection Certificates” are obtained from the remaining Sub Registrars wherever it has not been obtained till date, assignment agreement would be registered and released if it is otherwise in order within a period of 12 weeks from the date of receipt of uploading, which was agreed to by the learned counsel for the petitioner. 11.Recording the same, this writ petition is disposed of. It is 7/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 made clear that this Court has not expressed any views with regard to the merits of the case and it is open to the concerned respondent to consider the case on its own merits and in accordance with law. No costs. 11.06.2025 Index : Yes/ No Speaking (or) Non Speaking Order Neutral Citation: Yes/No pam 8/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 To 1.The Inspector General of Registration, Office of the Inspector General of Registration, No.100, Santhome High Road, Chennai - 600 028. 2.The Sub Registrar, O/o.The Sub Registrar Office, Thiruvallur Joint-I, 201, J N Road, Taluk Office Compound, Thiruvallur - 602 001. 9/10 https://www.mhc.tn.gov.in/judis W.P.No.19914 of 2025 MOHAMMED SHAFFIQ, J. pam W.P.No.19914 of 2025 11.06.2025 10/10 https://www.mhc.tn.gov.in/judis