1. Canara Bank (Srivilliputhur Branch), represented by its Senior Manager, preferred this Writ Petition seeking issuance of a writ of certiorarified mandamus to call for the records of R1/Banking Ombudsman, Chennai, with reference to his Award, dated 31.08.2000, vide Award No.Ac-003/99-2000 in Complaint No.RS-439/98-99 and to quash the same.

2. Learned counsel for the petitioner briefly outlined the core factual aspects by submitting thus:

The third respondent, who is an NRI Customer of the petitioner/Bank, made some FCNR (Foreign Currency Non-Resident) Deposits and availed loans against the same. He had preferred a complaint before the 1st respondent/Banking Ombudsman, Chennai, alleging that the deposits made as security against the Loan availed by him were kept unilaterally alive by the Bank without closing the same on the maturity period by appropriating the loan amount and handing over the balance, if any, to the depositor. It was complained that the Bank should have intimated the maturity of deposits and kept the 3rd respondent/loanee informed about the interest debited and also the other relevant details. The unilateral act of the Bank resulted in undue gains in its