Authority: High Court of Judicature at Madras (Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan)
Order Date: 09 July 2026
Case Overview
- Petitioners: Bharathi Raju (individual) and M/s Sri Shivam Enterprises (partnership) filed WP No.28748/2024 and WP No.28752/2024 respectively under Article 226 of the Constitution.
- Respondents: The Authorized Officer, Union Bank of India (Stressed Asset Management Branch, Chennai) and various entities including M/s Sri Thirumurugan Agencies (partners Ravji Patel, Kirthi Kumar Patel, etc.) and M/s Sri Laxmi Timbers Private Limited (Managing Director Dinesh N Patel) along with several individual respondents.
- Prayer: Petitioners sought a writ of certiorari and mandamus to call for records in STA/SAMB‑CHEN/258/2024‑25 and STA/SAMB‑CHEN/257/2024‑25 dated 18‑09‑2024, to quash the proceedings as illegal and prejudicial, and to direct the bank to extend the time for payment of the remaining 75 % of the bid amount by three months.
- Counsel: Mr. Harikrishnan appeared for the petitioners, assisted by Mr. Sharath Chandran.
Final Outcome
- The Court held the petitions rendered infructuous and dismissed them without any order as to costs.
- All interim applications filed in the matters stand closed.
Topics: Legal Proceedings, Banking