SANJIB BANERJEE, SENTHIL KUMAR RAMAMOORTHY
R. Bharathi – Appellant
Versus
Chief Manager, Indian Overseas Bank, Salem – Respondent
JUDGMENT :
Sanjib Banerjee, CJ.
(Prayer: Appeal filed under Clause 15 of the Letters Patent against the order dated 6.11.2019 passed in W.P.No.39318 of 2015.)
1. The appeal is directed against an order dated November 6, 2019 by which the appellant’s writ petition has been disposed of by noticing that an amount on account of subsidy due to the appellant had been paid by the third respondent bank and by giving liberty to the appellant to make a representation to the first respondent bank to consider waiver of interest on account of the delayed receipt of partial subsidy.
2. The appellant obtained a loan from the first respondent bank in 2012 under a scheme that apparently permitted the appellant to claim subsidy from the third respondent NABARD. There is a document on record to demonstrate that the first respondent Indian Overseas Bank wrote to NABARD on August 16, 2012 indicating that it had sanctioned a loan of Rs.40 lakh against a project outlay in excess of Rs.56 lakh for which a subsidy claim of about Rs.18.88 lakh had been made. The letter was issued to NABARD for the subsidy that the appellant was eligible to receive to be released.
3. The appellant claims that the relevant scheme
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.