IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 15.12.2025 CORAM :

THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN W.P.No.47505 of 2025 and W.M.P.No.53045 of 2025 Kamadhenu Jewellery Pvt. Ltd., Rep. by its Director Vinod V Sharma No.201, Poonamallee High Road, Near Chinnamman Koil Avadi, Chennai-600 054 Petitioner Vs The Karur Vysya Bank Limited Rep. by its Deputy General Manager Umar Farooq , 3rd Floor, No. 1 Padmavathiyar Road Off. Peters Road, Gopalapuram Chennai-600 086 Respondent PRAYER : Petition filed under Article 226 of the Constitution of India seeking issuance of a writ of mandamus to direct the respondent to reconsider the OTS proposal dated 10.10.2025 of the petitioner and consequently direct the respondent to furnish all the relevant particulars/documents of the accounts bearing Nos.171928000000490, 171980900000073 and 1719808000000130 maintained by them to the petitioner.

For Petitioner: Mr.S.Raghuman For Respondent: Mr.P.Raghunathan for M/s.T.S.Gopalan and Co.

ORDER (Order of the Court was made by the Hon'ble Chief Justice)

Heard.

2. A prayer has been made through this petition to issue a mandamus to the respondent to consider the petitioner’s offer for One-

Time Settlement (OTS) of outstanding debt liability.

3. Learned counsel for the petitioner could not satisfy the court with regard to any provision contained in the OTS guidelines that its case is required to be considered once submitted for consideration before the authority. On petitioner’s own showing, it is clear that the property was put to sale on more than one occasion, but the sale could not materialise.

4. In the absence of there being any specific guideline with regard to settlement as one time measure long after the petitioner’s loan account has been declared as Non Performing Asset (NPA), we are not inclined to issue any mandamus.

5. We leave the matter as it is and observe and clarify that dismissal of this petition shall not come in the way of the petitioner in seeking indulgence of the respondent.

6. The petition is dismissed. There shall be no order as to costs.

Consequently, connected miscellaneous petition is closed.

(MANINDRA MOHAN SHRIVASTAVA, CJ) (G.ARUL MURUGAN,J)

15.12.2025 Index : Yes/No Neutral Citation : Yes/No bbr To:

The Deputy General Manager Karur Vysya Bank Limited Umar Farooq , 3rd Floor, No. 1 Padmavathiyar Road Off. Peters Road, Gopalapuram Chennai-600 086 THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN,J.

bbr

15.12.2025