This writ petition is filed seeking for a Mandamus directing the second respondent to return the vehicle Ashok Leyland / ECOMENT 912 FSD bearing Registration No.TN 74 AA 4599 to the petitioner by taking note of the guidelines on Fair Practices Code for Lenders

issued in DBOD.Leg.No.BC.104/09.07.007/2002-03 dated 05.05.2003 by the 1st respondent.

2. Heard the learned counsel appearing on either side.

3. The petitioner borrowed vehicle loan from the second respondent bank. The said vehicle was seized by the second respondent bank for non payment of balance loan amount. Now, the present writ petition is filed seeking for the release of the vehicle.

4. The learned counsel appearing for the respondent bank submitted that as on date a sum of Rs. 3,68,000/-is approximately due and liable to be paid by the petitioner and if the same is paid, the respondent bank will release the vehicle.

5. On the other hand, the learned counsel appearing for the petitioner submitted that the petitioner is liable to pay only a sum of Rs. 3,22,756.40 and he is ready and willing to pay the same. Therefore, the disputed amount between the parties is only about Rs.46,000/-.

6. In view of the fact that the peti