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IN THE HIGH COURT OF JUDICATURE AT MADRAS
P.T.ASHA, J
D.Senthilkumar – Appellant
Versus
The Authorized Officer, Punjab National Bank – Respondent
| Table of Content |
|---|
| 1. challenges to procedural integrity in handling financial disputes. (Para 1 , 2) |
| 2. examination of maintainability and alternative remedies under statute. (Para 3 , 5) |
| 3. limitations of judicial review concerning statutory frameworks. (Para 7 , 8 , 9 , 10) |
| 4. final conclusion on the dismissal of the writ petition. (Para 11) |
ORDER
This writ petition has been filed to quash the impugned order issued by the second respondent dated 20.09.2025 and consequential direction to the respondents to refund the entire bid amount of Rs.45,25,000/- (Rupees Forty Five Lakhs Twenty Five Thousand only) along with interest at the rate of 12%
per annum from 09.09.2022 till the date of actual realization.
2. At the outset, this Court had directed the petitioner to argue on the maintainability of the writ petition, since the petitioner is seeking to redress the grievance, for which, there is an effective alternate remedy in the form of an application under Section 17 of the 'Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002', (hereinafter referred to as 'SARFAESI Act' for brevity).
3. The learned counsel would submit that the respondent bank h
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