T.NARAYANAN KP PRAMODH KUMAR, RITHIK RAHUL P K vs M/S.INDUSTRIAL DEVELOPMENT BANK OF INDIA, — WP/20894/2026
Case under Others Section 1. Disposed: Contested--DISMISSED AS WITHDRAWAL on 02nd June 2026.
CNR: HCMA011166052026
Filing Number
WP/85108/2026
Filing Date
26-05-2026
Registration No
WP/20894/2026
Registration Date
27-05-2026
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
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, ( 33 )
Judicial Branch
WRITSECTION
Decision Date
02nd June 2026
Nature of Disposal
Contested--DISMISSED AS WITHDRAWAL
Acts & Sections
Petitioner(s)
T.NARAYANAN KP PRAMODH KUMAR, RITHIK RAHUL P K
Respondent(s)
M/S.INDUSTRIAL DEVELOPMENT BANK OF INDIA,
M/s. Sree Narayana Textiles Pvt. Ltd.,
N.Palaniappan
T.Saraswathi
T.Uma
PL. Narayanan
N.shanmugasundaram
Hearing History
Judge: Honourable The CHIEF JUSTICE , Honourable Mr.Justice G.ARUL MURUGAN
ADMISSION (WP)
ADMISSION (WP)
| Date | Purpose |
|---|---|
| 29-05-2026 | ADMISSION (WP) |
| 02-06-2026 | ADMISSION (WP) |
Orders
The Madras High Court dismissed the writ petition filed by T. Narayanan and others seeking to quash a "Web Notice for Transfer of Stressed Loan Exposures" issued by the Industrial Development Bank of India on 09.05.2026, which proposed assignment of a stressed loan to an Asset Reconstruction Company. The petition was dismissed as withdrawn by the petitioner's counsel, with no order regarding costs, and connected miscellaneous petitions were closed. This case analysis is maintained by casestatus.in based on publicly available court records.
The Madras High Court dismissed the writ petition filed by T. Narayanan and others seeking to quash a "Web Notice for Transfer of Stressed Loan Exposures" issued by the Industrial Development Bank of India on 09.05.2026, which proposed assignment of a stressed loan to an Asset Reconstruction Company. The petition was dismissed as withdrawn by the petitioner's counsel, with no order regarding costs, and connected miscellaneous petitions were closed. This case analysis is maintained by casestatus.in based on publicly available court records.
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