Authority: High Court of Judicature at Madras
Order Date: 09 July 2026
Case Overview
- Parties: Petitioner P. Nathan vs Respondent Authorized Officer, Tamil Nadu Mercantile Bank, Salem Branch.
- Nature of proceeding: Writ petition under Article 226 seeking a mandamus directing the bank to receive the amount paid towards the loan account and to release the secured asset from mortgage.
- Petition numbers: WP No.23707 of 2024 and WMP No.26024 of 2024.
- Appearance: No appearance by the petitioner; respondent represented by Ms. R. Mithra of Fox Mandal & Associates.
- Respondent's submission: The mortgaged property has already been sold; an application under Section 14 of the SARFAESI Act is pending; the petitioner has challenged the sale notice, which remains pending.
- Court's observation: Given the respondent's position and the pending status of the sale challenge, there is no surviving issue for adjudication in the writ petition.
Final Outcome
The Court disposes of the writ petition, orders no costs, and closes the interim application.
Topics: Banking Regulation, SARFAESI Act