W.P(MD)No.19133 of 2026 BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 10.07.2026 CORAM THE HONOURABLE MR.JUSTICE M.DHANDAPANI W.P(MD)No.19133 of 2026 M/S. MR Hi Tech Engineers Private Limited, Represented by its Director, Niranjan Ramakrishnan ... Petitioner Vs 1.Indian Bank, Represented by its Zonal Manager, Zonal Office, Karaikudi. 2.The Reserve Bank of India, Represented by the Banking Ombudsman, Office of the RBI Ombudsman, No.16, Rajaji Salai, Fort Glacis, Chennai-600 001. ... Respondents PRAYER: Writ Petition filed under Article 226 of Constitution of India, to issue a Writ of Mandamus, directing the first respondent to forthwith release the Fixed Deposits totalling Rs.72,00,000/- (Rupees Seventy Two Lakhs only) held as cash margin against the Bank Guarantee limit unconditionally and without imposing any pre-condition of payment of alleged penal interest, card rate differential or any other additional charge. 1/4 https://www.mhc.tn.gov.in/judis W.P(MD)No.19133 of 2026 For Petitioner : Mr.V.Chandraprabu For R-1 : Mr.C.Karthik For R-2 : Mr.K.R.Laxman ORDER This writ petition has been filed seeking a direction to the first respondent to forthwith release the Fixed Deposits totalling Rs.72,00,000/- (Rupees Seventy Two Lakhs only) held as cash margin against the Bank Guarantee limit unconditionally and without imposing any pre-condition of payment of alleged penal interest, card rate differential or any other additional charge. 2. Heard the learned counsel on either side. 3. The learned counsel appearing for the petitioner would submit that the present writ petition has been filed seeking a direction to the first respondent to release the Fixed Deposits aggregating to a sum of Rs.72,00,000/- (Rupees Seventy Two Lakhs only), which are held as cash margin against the Bank Guarantee limit, without insisting upon payment of the alleged penal interest, card rate differential or any other additional charges. The learned counsel would 2/4 https://www.mhc.tn.gov.in/judis W.P(MD)No.19133 of 2026 further submit that, with regard to the very same grievance, the petitioner had earlier approached the Banking Ombudsman. The Banking Ombudsman, by order dated 18.02.2026, disposed of the complaint without granting any effective relief to the petitioner. 4. In view of the above submission, this Writ Petition is disposed of, granting liberty to the petitioner to challenge the order dated 18.02.2026 passed by the Banking Ombudsman before the appropriate forum in the manner known to law, if so advised. No costs. 10.07.2026 NCC : Yes / No Index : Yes / No TSG To 1.Indian Bank, Represented by its Zonal Manager, Zonal Office, Karaikudi. 2.The Reserve Bank of India, Represented by the Banking Ombudsman, Office of the RBI Ombudsman, No.16, Rajaji Salai, Fort Glacis, Chennai-600 001. 3/4 https://www.mhc.tn.gov.in/judis W.P(MD)No.19133 of 2026 M.DHANDAPANI, J. TSG W.P(MD)No.19133 of 2026 10.07.2026 4/4 https://www.mhc.tn.gov.in/judis