Madras High Court
CRP(MD)/2595/2026 of Dr.P.SELVARAJ Vs THE AUTHORIZED OFFICER on 16 September 2026
BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT
DATED : 16.09.2026
CORAM
THE HONOURABLE MR.JUSTICE G.R.SWAMINATHAN
and
THE HONOURABLE MRS.JUSTICE M.D.SUMATHI
CRP(MD) NO. 2595 of 2026
{CNR: HCMD011275352026}
Case QR
&
C.M.P.(MD)No.12879 of 2026
P.Selvaraj
...Petitioner / Petitioner /Applicant
Vs.
The Authorized Officer,
Indian Bank, Stressed Assets Management Branch, 100-101, East Avani Moola Street, Madurai-625 001. ... Respondent / Respondent / Defendant Prayer: Civil Revision Petition filed under Article 227 of the Constitution of India to call for the records pertaining to the order dated 12-08-2026 passed in IA.No.3475 of 2026 in S.A.No.705 of 2026 on the file of the Debts Recovery Tribunal, Madurai and set aside the same insofar as it imposed the condition directing payment of 40 percentage of Rs.44,96,59,057.68/- in five instalments of Rs.3,59,73,000/- each and
provides that the interim protection shall stand automatically vacated upon failure to pay any one instalment, and consequently direct the learned DRT, Maduria to reconsider I.A.No.3475 of 2026 afresh, on merits and by a reasoned order, within a time-bound period, and pass such further or other orders as this Honourable Court may deem fit and proper in the circumstances of the case and thus render justice.
For Petitioner
: Mr.M.Abubakkar
For Respondent : Mr.R.Gowrishankar
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JUDGMENT
(Judgment of the Court was delivered by G.R.Swaminathan, J.) The petitioner challenges the order dated 12.08.2026 passed by the DRT, Madurai.
2. The respondent bank had brought the secured asset to sale. The DRT made it clear that the sale proceedings will be put on hold subject to the petitioner making 40% of the claim amount. The sale was allowed to go on. But confirmation was ordered to be stayed.
3 . When the matter was taken up for hearing, the learned standing counsel submitted that no bidders evinced interest in the property and the sale process got aborted. Therefore, nothing survives for consideration in this petition. It stands closed. We give liberty to the petitioner to approach the DRT once again in the event of the respondent bank bringing the property to sale.
4. This Civil Revision Petition is closed. No costs. Consequently, connected miscellaneous petition is also closed. (G.R.S. J.,) & (M.D.S. J.,) 16.09.2026 NCC : Yes/No Index : Yes / No Internet : Yes/ No rmi To: The Debts Recovery Tribunal, Madurai
G.R.SWAMINATHAN, J. and M.D.SUMATHI
, J.
rmi C.R.P.(MD)No.2595 of 2026
16.09.2026