M/s.Sri Murali Krishnan and co M/S. R.S.Shakthivel, M.P. KUMAR ,N SELVADURAI ,E. NARESH KUMAR ,K.C. JOTHI ,S. KAVITHA vs Punjab National Bank — WP/19288/2026

Case under Others Section 1. Disposed: Contested--DISMISSED on 12th June 2026.

Case disposed

CNR: HCMA011099582026

Filing Number

WP/81710/2026

Filing Date

11-May-2026

Registration No

WP/19288/2026

Registration Date

11-May-2026

Judge

Honourable The Chief Justice , Honourable Mr.Justice G.arul Murugan

Coram

Honourable The Chief Justice , Honourable Mr.Justice G.arul Murugan

Bench Type

Division Bench

Category

Banking ( 15 )

Sub-Category

DRT Orders ( 2 )

Judicial Branch

WRITSECTION

Decision Date

12-Jun-2026

Nature of Disposal

Contested--DISMISSED

Last updated 13-Jun-2026

Acts & Sections

Others Section 1

Petitioner(s)

  1. 1.M/s.Sri Murali Krishnan and co M/S. R.S.Shakthivel, M.P. KUMAR ,N SELVADURAI ,E. NARESH KUMAR ,K.C. JOTHI ,S. KAVITHA

Respondent(s)

  1. 1.Punjab National Bank

    Adv. KAVIRAJAN GUHAN, EVANGILINE FOR R2 DT.12.06.2026,AAKASH ROHINTH, SANGILIRAJAN, VAISHINI,AMAI K PANVAR, S.PONMADASAMY,SANGILIRAJAN,SRISHTI PANDY,,M/S. CHENNAI LAW ASSOCIATES, M.L.JOSEPH, K.SUBHASHINI,,PROOF NOT FILED,PRIVATE NOTICE PERMITTED,NO APP NOT READY,TAPAL DUE REG R2 1123

  2. 2.M/s. Sri Krishna Saw Mill

Case History

  1. Case disposedDisposed

  2. 12-Jun-2026

    Honourable The Chief JUSTICE,Honourable Mr.Justice G.arul MuruganView PDF

    Case Summary: WP No.19288/2026 Court Decision: The Madras High Court dismissed the writ petition filed by Sri Murali Krishnan and Co. against Punjab National Bank's seizure of wooden logs and timber, holding the writ petition wholly misconceived. Key Reasoning: The court determined that disputes over ownership of seized movables fall outside the High Court's jurisdiction under Article 226 when an effective alternative remedy exists under the SARFAESI Act. Since determining whether the materials constitute unhypothecated stock of a tenant or part of the borrower's inventory requires detailed examination of invoices, stock registers, and physical verification—complex factual inquiries inappropriate for summary proceedings—the Debt Recovery Tribunal is the proper forum. The petitioner's failure to remove materials within the DRT-granted extension period further weighed against judicial intervention. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 03-Jun-2026

    For Admission (Wp)

    Honourable Mrs.Justice L.victoria Gowri , Honourable Mr.Justice N.senthilkumar

  4. 13-May-2026

    Honourable Mrs.Justice L.victoria GOWRI,Honourable Mr.Justice N.senthilkumarView PDF

  5. 13-May-2026

    First hearing

    Initial hearing scheduled

  6. 11-May-2026

    Case filed

    Registration No. WP/19288/2026

casestatus.in Summary

Case Summary: WP No.19288/2026 Court Decision: The Madras High Court dismissed the writ petition filed by Sri Murali Krishnan and Co. against Punjab National Bank's seizure of wooden logs and timber, holding the writ petition wholly misconceived. Key Reasoning: The court determined that disputes over ownership of seized movables fall outside the High Court's jurisdiction under Article 226 when an effective alternative remedy exists under the SARFAESI Act. Since determining whether the materials constitute unhypothecated stock of a tenant or part of the borrower's inventory requires detailed examination of invoices, stock registers, and physical verification—complex factual inquiries inappropriate for summary proceedings—the Debt Recovery Tribunal is the proper forum. The petitioner's failure to remove materials within the DRT-granted extension period further weighed against judicial intervention. This case analysis is maintained by casestatus.in based on publicly available court records.

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