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2026 Supreme(Online)(Mad) 18959

IN THE HIGH COURT OF JUDICATURE AT MADRAS
R.SURESH KUMAR, N.SENTHILKUMAR, JJ
M/s.Pranav Foundation Private Limited – Appellant
Versus
The Authorised Officer, IDBI Bank Limited – Respondent


Advocates:
For the Appellants/Petitioners: Mr.E.OM Prakash, Senior Counsel for Mr.Tharun Roshan
For the Respondents: Mr.Varun Srinivasan Standing Counsel for R1, Mr.N.Sivaprakash for R2

Table of Content
1. writ petition for mandamus regarding sarfaesi auction (Para 2 , 3)
2. bona fide intentions shown by the petitioner (Para 4 , 5 , 6)
3. court directions on procedures and interim measures (Para 7 , 8)

(Order of the Court was made by R.SURESH KUMAR, J.)

The prayer sought for herein is for a writ of mandamus to direct the Debt Recovery Tribunal-III, Chennai to dispose I.A.No.291 of 2026 in S.A.No.83 of 2026 within a time frame that may be fixed by this Court and consequently, grant an order of interim protection restraining the second respondent not to interfere or alienate or alter the structure of the scheduled property until the disposal of I.A.No.291 of 2026 in S.A.No.83 of 2026 on the file of the Debts Recovery Tribunal-III.

2. The petitioner’s property has been sold by e-auction sale dated

30.12.2025 by the first respondent Bank under SARFAESI proceedings. Sale has been confirmed. The second respondent, being an auction purchaser, having paid the full auction amount, seems to have taken possession as stated by Mr.Varun Srinivasan, learned Standing Counsel appearing for the Bank as well Mr.N.S.Sivapraksah, learned counsel appearing for the second respondent.

3. Sale

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