Madras High Court
WP(MD)/28672/2026 of A.Jayalakshmi Vs Sammaan Capital Limited on 1 October 2026
WP(MD) NO. 28672 of 2026
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT
DATED: 01-10-2026
CORAM
THE HONOURABLE MR JUSTICE M.DHANDAPANI
AND
THE HONOURABLE MR.JUSTICE N.DILIP KUMAR
WP(MD) NO. 28672 of 2026
{CNR: HCMD011294642026}
Case QR
WMP (MD) No.21740 of 2026
1. A.Jayalakshmi
Petitioner(s)
Vs
1. Sammaan Capital Limited
(Formerly known as Indiabulls Housing Finance Limited)
Represented by its Branch Manager
16 and 17 Shop No.A2
3rd Floor
KRV Arcade
AR Plaza
North Veli Steet
Madurai - 625001
2. The Authorised Officer
Sammaan Capital Limited
(Formerly known as Indiabulls Housing Finance Limited 16 and 17
Shop No.A2
3rd Floor
KRV Arcade
AR Plaza
North Veli Street
Madurai 625 001.
3. The Reserve Bank Of India
Represented by its Regional Director /Chief General Manager Fort Glacis
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No. 16, Rajaji Salai
Fort St. George
Chennai 600 001.
4. The National Housing Bank
Represented by its Managing Director/Authorised Officer Core 5A, India Habitat Centre Lodhi Road New Delhi 110 003.
Respondent(s)
For Petitioner(s):
Mr.G.Vairavasubramanian
For Respondent(s): Mr.K.R.Laxman, SC for R3
Prayer:
Writ Petition filed under Article 226 of the Constitution of India, praying this Court to issue a Writ of Mandamus directing Respondents 1 and 2 to rectify and re-fix the Repayment Schedules dated 07.08.2024 and 07.07.2026 pertaining to Housing Loan Account No. HHETRI00397267, strictly in accordance with the applicable RBI Guidelines/Circulars, the Loan Agreement dated 29.12.2017, the Fair Practices Code prescribed by the Fourth Respondent and the directions issued by the Third Respondent, after affording due notice and reasonable opportunity to the Petitioner, and consequently to issue corrected and duly revised repayment schedule in conformity with the said Guidelines/Circulars, and pass such further or other orders as this Hon'ble Court may deem fit and proper and thus render justice.
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ORDER
(Order of the Court was made by the Hon'ble M.DHANDAPANI J.) The present writ petition has been filed seeking issuance of a Writ of Mandamus, directing respondents 1 and 2 to rectify and re-fix the repayment schedules dated 07.08.2024 and 07.07.2026 pertaining to Housing Loan Account No. HHETRI00397267, strictly in accordance with the applicable RBI
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Guidelines/Circulars, the Loan Agreement dated 29.12.2017, the Fair Practices Code prescribed by the fourth respondent, and the directions issued by the third respondent, after affording due notice and a reasonable opportunity of hearing to the petitioner, and consequently, to issue a corrected and duly revised repayment schedule in conformity with the said Guidelines/Circulars.
2. When the matter is taken up for hearing, the learned Standing Counsel appearing for the third respondent would submit that the petitioner ought to have approached the Debts Recovery Tribunal, however, instead of availing the said remedy, the petitioner has chosen to file the present writ petition.
3. Since the writ petition is not maintainable before this Court, the same stands dismissed, granting liberty to the petitioner to approach the Debts Recovery Tribunal or the competent civil Court for appropriate remedy. No costs. Consequently, the connected miscellaneous petition is closed.
(M.DHANDAPANI J.) (N.DILIP KUMAR J.) 01-10-2026 PKN
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To
1. The Reserve Bank Of India Represented by its Regional Director /Chief General Manager Fort Glacis No. 16 Rajaji Salai Fort St. George Chennai 600 001.
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M.DHANDAPANI, J. and N.DILIP KUMAR, J. PKN W.P(MD)No.28672 of 2026 01.10.2026
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