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2023 Supreme(Mad) 3229

N. ANAND VENKATESH
S. Prema – Appellant
Versus
Indian Overseas Bank, Represented by Senior Manager, Kanyakumari – Respondent


Advocates:
For the Petitioner:S.C. Herold Singh, Advocate. For the Respondent: N. Dilip Kumar, Standing Counsel.

JUDGMENT

(Prayer: Writ Petition filed under Article 226 of the Constitution of India for issuance of Writ of Certiorarified Mandamus, calling for the records on the file of the respondent pertaining to its auction notification bearing no. nil dated 19-03-2021 released in Thina Tanthi bringing petitioner jewel pledged loan account nos. 214003549 dated 30.10.2019 2028009423 dated 06.11.2019 and 2028009318 dated 30.10.2019 and quash the same and consequence direct the respondent to hand over the Jewels to petitioner on receipt of the loan outstanding amount specified in the notice that is a sum of Rs.4,69,564/- within a time frame that may be fixed by this Court.)

1. This Writ Petition was filed challenging the auction notification issued by the respondent Bank and for a consequential direction for the respondent Bank to hand over the jewels that were pledged by the petitioner for the loan availed by the petitioner which the petitioner was willing to repay back to the respondent Bank.

2. The issue that is involved in the present Writ Petition has been captured in the earlier order that was passed by this Court on 08.11.2021 and is extracted hereunder:

“This writ petition

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