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2024 Supreme(Online)(MAD) 20918

HIGH COURT OF MADRAS
Honourable Mr Justice S.S. SUNDAR
M.SANGEETHA RAJI – Appellant
Versus
THE REGIONAL DIRECTOR – Respondent


O R D E R

(Order of the Court was made by S.S. SUNDAR, J.)

This writ petition is filed for issuance of a Writ of Mandamus directing the respondents to give a chance or opportunity to the petitioner to avail the benefit of One Time Settlement (OTS) on the basis of sanction letter dated 17.10.2022 given by 3rd respondent Bank under AMBY Scheme, by considering the representation of the petitioner dated 16.05.2024 within the time stipulated by this Court and to direct the 3rd respondent Bank to defer the sale proceedings initiated pursuant to the sale notice dated

17.04.2024 fixing the sale on 03.05.2024.

2.The petitioner's father Mr.C.Thangasamy availed credit facilities from the respondent Bank and it is admitted that the total amount borrowed by the petitioner's father is around Rs.90,00,000/-. The petitioner's father and mother by name Mrs.T.Rajeswari deposited the title deeds pertaining to the immovable properties which are now the subject matter of sale. The loan account of the petitioner's father was declared NPA even in 2010 and the 3rd respondent issued a demand notice under Section 13(2) of the SARFAESI Act on 15.02.2011. Thereafter, possession notice under Section 13(4) was also

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