P. Kannan v. Reserve Bank of India, represented through Authorized Officer
2014-08-26
M.JAICHANDREN, R.MAHADEVAN
body2014
DigiLaw.ai
Judgment : M. Jaichandren, J. 1. W.P(MD)No.14121 of 2014 has been filed praying that this Court may be pleased to issue a writ of Mandamus to direct the second respondent to permit the petitioner to pay the entire loan amount under the One Time Settlement Scheme, based on his representation, dated 12.07.2014. 2. W.P(MD)No.14122 of 2014 has been filed praying that this Court may be pleased to issue a writ of Mandamus to direct the second respondent to permit the petitioner to pay the entire loan amount under the One Time Settlement Scheme, based on his representation, dated 12.07.2014. 3. W.P(MD)No.14123 of 2014 has been filed praying that this Court may be pleased to issue a writ of Mandamus to direct the second respondent to permit the petitioner to pay the entire loan amount under the One Time Settlement Scheme, based on his representation, dated 12.07.2014. 4. Heard Mr. S.M. Mohan Gandhi, the learned Counsel appearing on behalf of the petitioners and Mr. Pala.Ramasamy, the learned Counsel appearing on behalf of the second respondent. 5. At this stage of the hearing of the writ petitions, the learned Counsel appearing on behalf of the second respondent, had submitted that notices had been issued to the petitioners, on 28.04.2014, under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and no representation has been received from the petitioners, till date. However, if the petitioners submit their representations, with regard to the settlement of the outstanding dues, the second respondent Bank may consider the same and pass appropriate orders thereon. 6. In view of the said submissions made by the learned Counsel appearing on behalf of the second respondent, no further orders are necessary in these writ petitions. Accordingly, all the writ petitions are closed. No costs.