Research › Search › Judgment

Madras High Court · body

2026 DAILYLAW 45793 (MAD)

M.R.Govindarajan v. The Official Liquidator

COMP.A/36/2026 · 2026-07-03

K Kumaresh Babu

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

COMP.A No. 36 of 2026 __________ Page1 of 5 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 03-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU COMP.A No. 36 of 2026 IN CP NO. 156 OF 2005 Mr.M.R.Govindarajan ..Petitioner(s) Vs 1. The Official Liquidator High Court Madras, As the Liquidator of M/s.The Muthialpet Benefit Fund Limited (In Liquidation) 2. The Sub Registrar Sembium, Chennai. ..Respondent(s) Judges Summons under Order XIV Rule 8 of O.S. Rules read with Rule 9, 11 (b) of the Company Court Ruels, 1959, praying to direct the first respondent Official Liquidator to remove the entry relating to the Regular Loan Mortgage Vide Document No.1653 of 1993 dated 29.03.1993 before the 2nd respondent, Sub-Registrar, Sembium, Perambur, Chennai - 600 011 in respect of the Recurring Deposit Account No.6000/1980 pertaining the property comprised O.S.No.5194, T.S.No.51, Block No.9, measuring 1 Ground and 154 Sq.feet situated at No.11/12, Sundara vinayagar Koil 1st Street, Sembium, Perambur, Chennai - 600 011. https://www.mhc.tn.gov.in/judis COMP.A No. 36 of 2026 __________ Page2 of 5 For Petitioner(s): Mr.S.Sridhar For Respondent(s): Ms.Ambili .B Dy OL (For R1) Mr.V.Prasad Government Pleader (For R2) ORDER This application has been filed to direct the first respondent Official Liquidator to remove the entry relating to the Regular Loan Mortgage Vide Document No.1653 of 1993 dated 29.03.1993 before the 2nd respondent, Sub- Registrar, Sembium, Perambur, Chennai - 600 011 in respect of the Recurring Deposit Account No.6000/1980 pertaining the property comprised O.S.No.5194, T.S.No.51, Block No.9, measuring 1 Ground and 154 Sq.feet situated at No.11/12, Sundara vinayagar Koil 1st Street, Sembium, Perambur, Chennai - 600 011. 2. Heard both sides. 3. With regard to the prayer that had been sought for in the present application, a report had been called for from the office of the Official Liquidator. A report had been filed by the Official Liquidator, indicating that, as per the records maintained by the company, which is under liquidation, https://www.mhc.tn.gov.in/judis COMP.A No. 36 of 2026 __________ Page3 of 5 Document No.4127 pertaining to the applicant, had been found and on examination of the said document, an endorsement had been made by the company in liquidation as early as on 30.04.1996 that the loan had been fully discharged. In view of the specific statement made in the report, this Court is of the view that the applicant had discharged the mortgage created by him in favour of the company in liquidation. 4. Accordingly, this Court is of the view that the second respondent can also be directed to make an entry with regard to the discharge of the loan as recorded by the company as early as on 30.04.1996. 5. Accordingly, this application stands disposed of with a direction to the 2nd respondent to make an entry in the register regarding the discharge of the mortgage loan created under Document No.4127 on its file. Such entry shall be made within a period of four (4) weeks from the date of receipt of a copy of this order. No costs. 03-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No kak https://www.mhc.tn.gov.in/judis COMP.A No. 36 of 2026 __________ Page4 of 5 To 1. The Official Liquidator High Court Madras, As the Liquidator of M/s.The Muthialpet Benefit Fund Limited (In Liquidation) 2. The Sub Registrar Sembium, Chennai. https://www.mhc.tn.gov.in/judis COMP.A No. 36 of 2026 __________ Page5 of 5 K.KUMARESH BABU, J. kak COMP.A No. 36 of 2026 IN CP NO. 156 OF 2005 03-07-2026 https://www.mhc.tn.gov.in/judis