SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2021 Supreme(Mad) 3227

N.KIRUBAKARAN, T.V.THAMILSELVI
Tamilnadu Mercantile Bank Ltd. , rep. by its Authorised Officer, Elampillai Branch – Appellant
Versus
Sub-Registrar, Mallasamudram – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Mr.V. Chandrasekaran
For the Respondent: Mr.P. Muthukumar, State Government Counsel

ORDER :

N. KIRUBAKARAN, J.

The matter is heard through videoconferencing.

2. The petitioner Bank has challenged the order passed by the 1st respondent refusing to register the sale certificate issued by it in favour of the 2nd respondent who was the successful bidder in the auction conducted by the petitioner.

3. Heard Mr. V. Chandrasekaran, learned counsel for the petitioner and Mr.P.Muthukumar, State Government Counsel, who takes notice on behalf of the 1st respondent. Notice to the 2nd respondent is not necessary as there is no conflict of interest between the petitioner and the 2nd respondent.

4. The petitioner Bank granted loan in favour of one P. Murugesan, S/o. Mr. Pazhaniappa Mudaliar, D.No.3-39A, Gandhi Street, Mallasamudram, Tiruchengode Taluk, Namakkal District – 637 503, Salem District and the property in question was mortgaged to and in favour of the petitioner Bank by deposit of title deeds by the said Murugesan on 13.02.2015. However, the said Murugesan failed to repay the amount and therefore, the account had become NPA. Resultantly, the petitioner Bank brought the property for auction on 28.04.2021 and the 2nd respondent was declared as the successful bidder. The 2nd re

    Click Here to Read the rest of this document
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    SupremeToday Portrait Ad
    supreme today icon
    logo-black

    An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

    Please visit our Training & Support
    Center or Contact Us for assistance

    qr

    Scan Me!

    India’s Legal research and Law Firm App, Download now!

    For Daily Legal Updates, Join us on :

    whatsapp-icon telegram-icon
    whatsapp-icon Back to top