K.RAVICHANDRABAABU
Pegasus Assets Reconstruction Private Ltd. – Appellant
Versus
Inspector of General Registration, Government of Tamil Nadu – Respondent
ORDER :
The petitioner seeks for a Mandamus to direct the 2nd respondent to return the assignment agreement dated 28.02.2007 taken on file in Document No.P59/2007 duly registered to the petitioner.
2. The case of the petitioner is as follows:
The petitioner Company had acquired debt due in the NPA account of another Company, viz., M/s. Ram Super Leather Ltd., from State Bank of Mauritius Ltd. It is stated that the petitioner had acquired the debts by way of assignment of debt along with right and title in the financial documents. The said assignment of debt was carried out by entering into an assignment agreement dated 28.02.20107. On execution of such assignment agreement, the petitioner had paid the stamp duty of Rs.1 lakh and also presented the said document for registration before the 2nd respondent on 06.07.2007. The 2nd respondent, on receipt of the said document, collected the registration fee of Rs.20,000/- and assigned Pending No.P59/2007. The registration process was completed on 06.07.2007 and the petitioner paid the required registration fee of Rs.20,000/- as well. However, the 2nd respondent, without registering the document is keeping the same pending only on the reason
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