INDIAN BANK vs Managula Vinayagar Agro Oils Private Limited on 14 August 2026

1. M/s Managula Vinayagar Agro Oils Pvt Ltd, Rep by its Managing Director Represented by Mr. C. Shanmugasundaram (Managing Director), Mrs. R. Ambika (Director), Mrs. Sangeetha (Director), No.115, School Road,Venkateswara Nagar 1st Part, Kodungaiyur, Chennai - 600 118

Also at M/s Managula Vinayagar Agro Oils Pvt Ltd, No.27, 2nd Street, Venkateswara Nagar, Kodungaiyur, Chennai - 600 118

Factory at R.S No.136/2 & 136/3, Vinayagar Koil Street, Thirubuvanai Palayam, Puducherry

2. Mr. C. Shanmugasundaram, S/o of Mr. Chandrasekar, Managing Director of Managula Vinayagar Agro Oils Pvt Ltd, No.30, 5th Cross Street, Thanthai Periyar Nagar, Ellaipillaichavady, Nellithope, Puducherry - 605 005

3. Mrs. Sangeetha,

W/o Mr. C. Shanmugasundaram, Director of Managula Vinayagar Agro Oils Pvt Ltd, No.30, 5th Cross Street, Thanthai Periyar Nagar, Ellaipillaichavady, Nellithope, Puducherry - 605 005

4. Mrs.R.Ambika,

W/o Mr.Rajkumar,

Director of Managula Vinayagar Agro Oils Pvt Ltd No.18/38, Vanavil Nagar, Thenmbakkam, Kancheepuram- 631 501

5. Mr. K.S. Rajkumar,

S/o Mr,Rajkumar,

No.18/38, Vanavil Nagar,

Thenmbakkam, Kancheepuram- 631 501

…Defendants

Counsels on record / appeared:

Counsel for Applicant : M/s. P.V.Murlidhar

ORDER IN MA No.219/2026

1. MA No.219 of 2026 is taken up. This is an application filed by applicant bank for condonation of delay of 360 days in re-presenting the OA.

2. Perused the Affidavit filed on behalf of the Applicant bank.

3. It is submitted by applicant bank that the present OA was filed for recovery of sum of Rs.14,84,52,886.43/- (Rupees Fourteen crores Eighty Four Lakhs Fifty Two Thousand Eight Hundred and Eighty Six and Forty Three paise only) together with interest and costs. It is submitted that after the filing of OA, the Registry had returned the OA for compliance of office objections, as the annexure copies were are illegible. There occurred delay in obtaining the Fresh legible copies from the bank. Hence OA could not be re-presented within the time granted by this Tribunal, which is neither wilful nor wanton, but only due to aforesaid reasons. Therefore, the applicant bank prayed for condonation of delay of 360 days in representing the OA. Perused the Affidavit filed on behalf of the Applicant bank and the records of the case.

4. As OA is filed for recovery of money due from borrower and in view of the fact that the bank being a financial institution is the custodian of the public money held under trust, the Tribunal relying on the judgment of Hon’ble High Court of Madras (At Madurai) in the judgment of V.P. Rajula -Vs.- K.J. Sakadeva Raja reported in LAWS (MAD)- 2020-8-441 feels it apt to condone the delay and give opportunity to applicant to prosecute their case.

5. Accordingly, MA No.219/26 stands allowed and delay is condoned, subject to payment of cost of Rs.5,000/- to the Tamil Nadu State Legal Services Authority on or before 11.09.2026 by the applicant and to file the compliance report before the Registry.

6. In case of the applicant complying with the order and filing compliance memo, Registry is directed to number the OA, if otherwise found to be in order. It is clarified that in case if the applicant bank fails to comply with the conditional order above, MA stand dismissed automatically without there being any need to pass separate order.

Sd/-

(S.V. GOWRAMMA)

PRESIDING OFFICER,

DRT-III, CHENNAI (Dictated to Roshnee, transcribed by her, corrected, signed and pronounced by me in Open Court, on this the 14th day of August, 2026)