M/s.Integrated Finance Company Limited v. G.Saravanan and Another
CONT P/573/2025 · 2025-06-30
N Sathish Kumar
Transfer Petitionbody2025
DailyLaw.ai
[ 2025 DAILYLAW 82837 (MAD) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 82837 (MAD) · dailylaw.ai ]
Judgment text
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Cont.P.No.573 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 30.06.2025
CORAM :
THE HON'BLE MR.JUSTICE N.SATHISH KUMAR Cont.P.No.573 of 2025 and Sub.A.No.280 of 2025 M/s.Integrated Finance Company Limited, No.112, Thyagaraya Road, T.Nagar, Chennai - 600 017. having its office currently at No.12, North Cresent Road, T.Nagar, Chennai - 600 017. Rep by its authorised signatory A.Hema Jothi .. Petitioner Versus
1. G.Saravanan Director, Gopuram Enterprises Ltd., No.31, First Floor, Lazarus Church Road (above Andhra Bank), Raja Annamalai Puram, Chennai - 600 028.
2. Mohan Kumar Branch Manager, State Bank of India, Santhome Branch, https://www.mhc.tn.gov.in/judis
Cont.P.No.573 of 2025 No.120, Santhome High Road, Santhome, Chennai - 600 028. .. Respondents Prayer : Contempt Petition filed under Section 11 of the Contempt of Courts Act, 1972 to punish the respondents for wilfully disobeying the order of this Court passed in A.No.2457 of 2021 in E.P.Dairy No.45983 of 2020 dated
07.12.2023. For Petitioner : M/s.V.P.Raman For Respondent : Mr.Wilson Topaz M/s.A.S.Kailasam Associates for R1 : Mr.S.Rajesh for R2
ORDER The contempt petition has been filed to punish the respondents for wilful disobedience of the order of this Court passed in A.No.2457 of 2021 in E.P.Dairy No.45983 of 2020 dated 07.12.2023.
2.
Learned Counsel for the first respondent submitted that they have redeposited the interest component in State Bank of India and the copy of the fixed deposit also has been placed before this Court. https://www.mhc.tn.gov.in/judis
Cont.P.No.573 of 2025
3.
Learned Counsel for the Bank affirms that the amount has been deposited in different fixed deposit account.
4. In such view of the matter, till this Court decides the matter further, the amount shall not be withdrawn by the first respondent and the Bank shall also not permit any such withdrawal. It is brought to the notice of this Court that execution proceedings is pending before the Special Bench of this Court. Therefore, the parties are at liberty to move before the concerned Bench for any other relief. In the result, Contempt Petition stands closed. Consequently, connected Sub Application, is also closed. 30.06.2025 Neutral Citation : yes/no veda To
1. Branch Manager, State Bank of India, Santhome Branch, No.120, Santhome High Road, Santhome, Chennai - 600 028. https://www.mhc.tn.gov.in/judis
Cont.P.No.573 of 2025 N.SATHISH KUMAR, J. veda Cont.P.No.573 of 2025 30.06.2025 https://www.mhc.tn.gov.in/judis