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2025 DAILYLAW 90502 (MAD)

K.Prabakaran v. Union of India

REV.APLW/216/2024 · 2025-01-08

D Bharatha Chakravarthy, S S Sundar

Transfer Petitionbody2025

Judgment text

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Rev.Aplw.No.216/2024. IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED 08.01.2025 CORAM THE HONOURABLE MR. JUSTICE S.S.SUNDAR AND THE HONOURABLE MR. JUSTICE D.BHARATHA CHAKRAVARTHY REV.APLW.No.216/2024 K.Prabakaran .. Petitioner / Party-in-person Versus 1.Union of India rep. By the Secretary Banking Division, Ministry of Finance Department of Financial Services Jeevan Deep Building, Parliament Street New Delhi 110 001. 2.The Reserve Bank of India rep.by the Chief General Manager Department of Regulation Central Office 13th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort, Mumbai 400 001, Maharashtra 3.Lakshmi Vilas Bank [Now amalgamated into DBS India Ltd] 1 https://www.mhc.tn.gov.in/judis Rev.Aplw.No.216/2024. rep.by its Authorised Representative having its Corporate Office at LVB House, 4/1 Sardar Patel Road Guindy, Chennai 600 034, Tamil Nadu. 4.DBS India Limited rep.by its Authorised Representative Having its registered office at Ground Floor Nos.11 and 12 Capital Point, Baba Kharak Singh Marg Connaught Place, New Delhi 110 001. .. Respondents Prayer:- Review Application filed under Order 47 Rule 1 read with Section 114 of CPC to review the order in WP.No.9801/2022 dated 26.04.2024. For Petitioner : Mr.K.Prabakaran, Party-in-person For R2 : Mr.P.Giridharan For R4 : Mr.R.Parthasarathy, Senior counsel for Mr.Suhrith Parathasarathy ORDER [Order of the Court was made by S.S.SUNDAR, J.,] (1)This review application is filed by the petitioner seeking to review the order dated 26.04.2024 made in WP.No.9801/2022. (2)Mr.P.Giridharan, learned Standing counsel for RBI, 2nd respondent herein and Mr.R.Parthasarathy, learned Standing counsel for DBS Bank, 4th 2 https://www.mhc.tn.gov.in/judis Rev.Aplw.No.216/2024. respondent herein submitted that the Hon'ble Supreme Court has already stayed sub-paragraphs [ii] and [iv] of paragraph No.14 of the impugned order vide order dated 24.07.2024 in SLP[C] Diary No.23542/2024. (3)Since several SLPs have been filed against the very same order and the Hon'ble Supreme Court has now seized of the matter, the petitioner / party-in-person has agreed that he will prosecute his case before the Hon'ble Supreme Court by an independent appeal. (4)Therefore, with liberty preserved to the petitioner/party-in-person to move the Hon'ble Supreme Court by way of appeal, this review application stands dismissed. No costs. [S.S.S.R., J] [D.B.C., J] 08.01.2025 AP Internet: Yes 3 https://www.mhc.tn.gov.in/judis Rev.Aplw.No.216/2024. To 1.The Secretary Union of India Banking Division, Ministry of Finance Department of Financial Services Jeevan Deep Building, Parliament Street New Delhi 110 001. 2.The Chief General Manager Reserve Bank of India Department of Regulation Central Office 13th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort, Mumbai 400 001, Maharashtra 3.The Authorised Representative Lakshmi Vilas Bank [Now amalgamated into DBS India Ltd] having its Corporate Office at LVB House, 4/1 Sardar Patel Road Guindy, Chennai 600 034, Tamil Nadu. 4.The Authorised Representative DBS India Limited Having its registered office at Ground Floor Nos.11 and 12 Capital Point, Baba Kharak Singh Marg Connaught Place, New Delhi 110 001. 4 https://www.mhc.tn.gov.in/judis Rev.Aplw.No.216/2024. S.S.SUNDAR, J., AND D.BHARATHA CHAKRAVARTHY, J. AP Rev.Aplw.No.216/2024 08.01.2025 5 https://www.mhc.tn.gov.in/judis