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2026 DAILYLAW 27186 (MAD)

M/S.SLAR MACHINES AND METHODS v. STATE BANK OF INDIA

WP/20801/2026 · 2026-05-29

G R Swaminathan, V Lakshminarayanan

Transfer Petitionbody2026

Judgment text

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WP No.20801 of 2026 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 29.05.2026 CORAM THE HON'BLE MR.JUSTICE G.R.SWAMINATHAN AND THE HON'BLE MR.JUSTICE V.LAKSHMINARAYANAN WP No.20801 of 2026 M/S.SLAR MACHINES AND METHODS a partnership firm, Rep. by its partner - V.Saravanabhavan, No.122/1 and 2, SIDCO Industrial Estate, Ambattur, Chennai - 600098. : Petitioner Versus State Bank of India (Erstwhile State Bank of Travancore), SIDCO Branch, Rep. by its Authorized Officer, Mr.R.Padmanaban, No.5A, SIDCO Industrial Estate, North Phase, Godrej Road Ambattur, Chennai – 600098. : Respondent Prayer: Petition filed under Article 226 of the Constitution of India for issuance of a Writ of Certiorarified Mandamus to call for the records in connection with impugned order dated 29.04.2026 passed by learned Judicial Magistrate, Tiruvallur in Crl.M.P.No.3 of 2026 and to quash the same and to consequentially direct the respondent to hand over the possession to the petitioner till the disposal of the securitization application in S.A.No.209 of 2022 pending before the DRT- III, Chennai. For Petitioner : Mr.Ali Hassan Khan https://www.mhc.tn.gov.in/judis WP No.20801 of 2026 ORDER (Order of the Court was made by G.R.SWAMINATHAN, J.) Heard the learned counsel for the petitioner. 2. Even though the writ petitioner has challenged the order passed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, (for short, ‘the Act’), learned counsel submits that the petitioner would be satisfied if this Court directs the Debts Recovery Tribunal-III, Chennai, to dispose of S.A.No.209 of 2022, filed by the petitioner against the action taken under Section 13(4) of the Act. 3. In view of the said submission, we dispose of this writ petition by directing Debts Recovery Tribunal No.III to dispose of S.A.No.209 of 2022, on merits and in accordance with law on or before 31.08.2026. 4. It is open to the petitioner to file an advance hearing petition before the Debts Recovery Tribunal. If the petitioner has filed any https://www.mhc.tn.gov.in/judis WP No.20801 of 2026 amendment petition, the same may be numbered and disposed of in accordance with law. 5. We make it clear that we have not expressed any opinion on the merits of the case. There will be no order as to costs. WMP Nos.22434 and 22436 of 2026 stand closed. (G. R. SWAMINATHAN, J.) (V. LAKSHMINARAYANAN, J.) 29.05.2026 Index : Yes/No Neutral Citation : Yes/No tar To 1.The Authorised Officer, State Bank of India (Erstwhile State Bank of Travancore), No.5A, SIDCO Industrial Estate, North Phase, Godrej Road Ambattur, Chennai – 600098. 2.The Debts Recovery Tribunal No.3, Chennai https://www.mhc.tn.gov.in/judis WP No.20801 of 2026 G.R.SWAMINATHAN, J. AND V. LAKSHMINARAYANAN , J. (tar) WP No.20801 of 2026 29.05.2026 https://www.mhc.tn.gov.in/judis