ORDER :

PRAYER: Writ Petition filed under Article 226 of the Constitution of India to issue a Writ of Certiorarified Mandamus, calling for the records relating to the order passed by the 1st respondent in their Ref. No. F&R/223/13, dated 20.03.2013, and to quash the same and consequently direct the 1st respondent to treat the loan account No. PF/F&R/223/2013 of the petitioner as closed and return the original title deeds of the mortgaged property deposited in respect of the said loan.

1. The petitioner has borrowed a sum of Rs.53.57 lakhs out of total sanctioned amount of Rs.56 lakhs from the 1st respondent (SIPCOT). The petitioner however fell in arrears and had paid only a part of the amount to the 1st respondent (SIPCOT). Under these circumstances, proceedings under State Financial Corporation Act, 1951 were initiated against the petitioner by the 1st respondent (SIPCOT) before the District Court, Chengalpet in SFCOP No. 11 of 1991.

2. The SFCOP No. 11 of 1991 was decreed by the District Court, Chengalpet in favour of the 1st respondent (SIPCOT). Thus, an amount of Rs.78,22,146