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IN THE HIGH COURT OF JUDICATURE AT MADRAS
R.VIJAYAKUMAR, J
M/s. Aromica Restaurant, Proprietor Devasagayam Irudhayaraj – Appellant
Versus
The Authorized Officer, Canara Bank – Respondent
| Table of Content |
|---|
| 1. petition by msmes for loan revival considerations. (Para 1 , 2) |
| 2. arguments regarding obligations of the bank under sarfaesi and msme frameworks. (Para 3 , 4) |
| 3. court's direction to form a committee for msme rehabilitation. (Para 5 , 6) |
| 4. final ruling on the writ petition's disposition. (Para 7) |
O R D E R
The present Writ Petition has been filed by a Proprietorship firm engaged in the business of running a restaurant seeking a Mandamus directing the respondent Bank to consider their representation dated 05.02.2026 by placing the said representation before the appropriate committee for stressed/ distressed Micro, Small and Medium Enterprises (MSMEs) for revival measurers of their Loan as per the Central Government's Notification dated 29.05.2015.
2. The petitioners have defaulted in payment of the loan and the same has been declared as Non-Performing Assets (NPA). Notice has been issued under Section 13(2) of the SARFAESI Act , dated 18.12.2025. Thereafter, the petitioners concern had sent a communication on 05.02.2026 to the respondent claiming the benefits of MSME and sought a request for forming committee for Revival/Rehabilitation. Since the said application
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