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2025 DAILYLAW 79757 (MAD)

M/S.PERI EDUCATION AND CHARITABLE TRUST v. INDIAN OVERSEAS BANK

WP/27140/2025 · 2025-07-21

K Govindarajan Thilakavadi, R Subramanian

Transfer Petitionbody2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

W.P.No.27140 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 21.07.2025 CORAM : THE HON'BLE MR. JUSTICE R.SUBRAMANIAN AND THE HON'BLE MRS.JUSTICE K.GOVINDARAJAN THILAKAVADI W.P.No.27140 of 2025 M/s Peri Education and Charitable Trust rep by its Chairman Mr.Saravanan Periasamy Peri Knowledge Park, Mannivakkam Chennai 600 048 .. Petitioner v. 1. Indian Overseas Bank Asset Recovery Management Branch 763, Anna Salai Chennai 600 002 2. Indian Overseas Bank Irungattukottai Branch Large Advances Branch SIPCOT Industrial Park Irungattukottai, Sriperumbudur Kanchipuram 602 117 .. Respondents Petition filed under Article 226 of the Constitution of India, praying for issuance of a Writ of Certiorari, to call for the records of the 1st respondent in respect of the impugned sale notice of immovable secured assets dated 30.06.2025 and quash the same and consequently declare the ____________ https://www.mhc.tn.gov.in/judis W.P.No.27140 of 2025 auction conducted by the 1st respondent on 16.07.2025 as null and void. For Petitioner :: Mr.A.K.Sriram Senior Counsel for Mr.L.Murali Krishnan ORDER (Order of the Court was made by R.SUBRAMANIAN,J.) In view of the latest pronouncement of the Hon'ble Supreme Court, the writ petition is dismissed with liberty to the petitioner to go before the Debts Recovery Tribunal. Consequently, W.M.P.Nos.30440 & 30442 of 2025 are dismissed. Index : yes/no (R.S.M.,J.) (K.G.T.,J.) Neutral citation : yes/no 21.07.2025 ss To 1. Indian Overseas Bank Asset Recovery Management Branch 763, Anna Salai Chennai 600 002 2. Indian Overseas Bank ____________ https://www.mhc.tn.gov.in/judis W.P.No.27140 of 2025 Irungattukottai Branch Large Advances Branch SIPCOT Industrial Park Irungattukottai, Sriperumbudur Kanchipuram 602 117 ____________ https://www.mhc.tn.gov.in/judis W.P.No.27140 of 2025 R.SUBRAMANIAN,J. AND K.GOVINDARAJAN THILAKAVADI,J. ss W.P.No.27140 of 2025 21.07.2025 ____________ https://www.mhc.tn.gov.in/judis