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2024 Supreme(Online)(MAD) 15464

HIGH COURT OF MADRAS
Honourable Mr Justice P.B. BALAJI
INDIAN BANK – Appellant
Versus
PROF. M. KRISHNA PARAIYANAR – Respondent


J U D G M E N T

The plaintiff Bank has instituted the above suit for relief of permanent injunction to restrain the defendants from publishing any articles in magazines, pasting any posters and holding dharna against the plaintiff, which would tarnish the goodwill and reputation of the plaintiff and also to pay liquidated exemplary damages of Rs.1,00,000,000/- (Rupees One Crore only) for the loss of goodwill and reputation of the plaintiff for publishing defamatory Articles in the monthly magazine M/s.Makkalukkana Neethi Engey and for costs of the suit.

2. The plaint in brief:

The plaintiff is a Nationalised Bank and in respect of the account of M/s.Ind Solders & Alloys Private Limited and M/s.Murugan Foundary Private Limited, Hindustan Plastics and Tools, the plaintiff Bank has initiated measures under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), by invoking Section 13 of the said Act and brought the mortgage property to sale, following the procedure enumerated under the Security Interest Enforcement Rules, 2002. It is further submitted that the borrowers litigated upto the Hon'ble Supreme Court and were uns

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