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2012 DIGILAW 2621 (MAD)

S. Chidambaradhanu v. Regional Manager State Bank of India Chennai

2012-06-22

M.JAICHANDREN

body2012
Judgment :- 1. Heard the learned counsel for the petitioner and the learned counsel appearing for the respondents. 2. At this stage of the hearing of the Writ Petition, the learned counsel appearing for the petitioner had submitted that the petitioner would comply with all the requirements, prescribed by the Respondent bank, for the disbursement of the loan, which stands in the Term deposit account of K. Kamalam, said to be the mother of the petitioner, except the furnishing of two sureties as stipulated by the said bank. 3. The learned counsel appearing on behalf of the respondents had submitted that the amount standing in the name of K. Kamalam, the mother of the petitioner, could be disbursed, only on the petitioner complying with the rules relating to such disbursement, as prescribed by the respondent bank and therefore, the petitioner is required to furnish two sureties before the amount is disbursed. He had further submitted that, on the petitioner complying with all the necessary requirements, the respondent bank would disburse the amount, as prayed for by the petitioner. 4. In view of the said submissions made by the learned counsel appearing for the respondents, the respondent bank is directed to disburse the amount standing in the name of K. Kamalam, as expeditiously as possible, on the petitioner complying with the necessary requirements, as prescribed by the respondent bank. Accordingly, this Writ Petition is disposed of. No costs.