{"id":34046,"date":"2006-11-23T00:00:00","date_gmt":"2006-11-22T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/a-subashchandran-vs-icici-bank-ltd-on-23-november-2006"},"modified":"2014-04-18T19:53:50","modified_gmt":"2014-04-18T14:23:50","slug":"a-subashchandran-vs-icici-bank-ltd-on-23-november-2006","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/a-subashchandran-vs-icici-bank-ltd-on-23-november-2006","title":{"rendered":"A.Subashchandran vs Icici Bank Ltd on 23 November, 2006"},"content":{"rendered":"<div class=\"docsource_main\">Madras High Court<\/div>\n<div class=\"doc_title\">A.Subashchandran vs Icici Bank Ltd on 23 November, 2006<\/div>\n<pre>       \n\n  \n\n  \n\n \n \n IN THE HIGH COURT OF JUDICATURE AT MADRAS\n\nDATED:  23.11.2006\n\nCORAM\n\nTHE HONOURABLE MR. JUSTICE P.SATHASIVAM\n\nC.R.P. (PD) No.944 of 2006\nand\nMP. No.1 of 2006\n\n\n~~~~~~~~~\n\nA.Subashchandran\t\t.. Petitioner\n                                                                                       \n\tVs.\n\nICICI Bank Ltd.,\nrep. by its Branch Manager,\nBranch office, \nErode.\t\t\t\t.. Respondent\n\n~~~~~~~~~\n\n\n\n\tCivil Revision Petition  under Article 227 of the Constitution of India against the order dated 02.09.2005 made in I.A.No.946 of 2004 in O.S.No.652 of 2000 on the file of the  First Additional Subordinate Judge, Erode.\n\n\n- - - - \nFor petitioner      :   Mr.V.Raghavachari\n\nFor  respondent     :   Mr.V.V.Giridhar\n- - - - \n\n\nORDER\n<\/pre>\n<p>\tThe above Civil Revision petition is directed against the order of the learned  First Additional Subordinate Judge, Erode, dated 02.09.2005 made in I.A.No.946 of 2004 in O.S.No.652 of 2000, in and by which,  the learned  Judge, after satisfying himself that there is no material to declare the petitioner as &#8220;pauper&#8221;, has  dismissed  the petition.\n<\/p>\n<p>\t2. Heard  both sides.\n<\/p>\n<p>\t3.  The defendant is the petitioner.  It is not in dispute that even in the year 2000, when the suit was laid, the petitioner-defendant has filed a written statement and admittedly no specific claim viz.,  counter claim was pleaded.  As rightly pointed out by the learned counsel for the respondent as well as  as observed by the  Court below, the petitioner-defendant has filed this petition  only after four years.  Added to this, though the petitioner claims that  he is not  having any property or income to pay Court fee and he is a pauper,  the materials available before the Court below amply show that  by pledging share certificates to the value of Rs.3,00,000\/-, he secured a loan of Rs.1,95,000\/-.  It is also seen that he has invested the money in various shares  of the company and also pledged the same and secured loan.  The order of the Court below shows that   all these aspects have been admitted by the petitioner.  In addition to the same, it is further seen that the Consumer Forum has granted a sum  of Rs.5,000\/-  towards compensation  and Rs.1,000\/-  towards costs and the bank was directed to pay the  said amount to the petitioner.  The Court below has also noted that the petitioner has credited a sum of Rs.60,000\/- to his account  by way of sale of shares.  Considering all these factual aspects and also of the fact that though  the petitioner-defendant has filed the written statement in the year 2000,  he seeks permission to file counter claim after a period of four years and in view of the factual findings by the Court below,  I do not find any valid ground for interference.  On the other hand, I am in agreement with the conclusion arrived at  by the Court below and I hold that the petitioner-defendant has failed to substantiate his claim to declare  as &#8220;pauper&#8221;.   Consequently, the revision fails and the same is dismissed.  No costs.  M.P.1 of 2006 is also dismissed.\n<\/p>\n<p>raa<\/p>\n<p>To<\/p>\n<p>1.\tThe Ist Additional Subordinate Judge,<br \/>\n\tErode.\n<\/p>\n<p>2. \tThe Record Keeper,<br \/>\n\tVR Section,<br \/>\n\tHigh Court,<br \/>\n\tMadras.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madras High Court A.Subashchandran vs Icici Bank Ltd on 23 November, 2006 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 23.11.2006 CORAM THE HONOURABLE MR. JUSTICE P.SATHASIVAM C.R.P. (PD) No.944 of 2006 and MP. No.1 of 2006 ~~~~~~~~~ A.Subashchandran .. Petitioner Vs. ICICI Bank Ltd., rep. by its Branch Manager, Branch office, Erode. .. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-34046","post","type-post","status-publish","format-standard","hentry","category-high-court","category-madras-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A.Subashchandran vs Icici Bank Ltd on 23 November, 2006 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/a-subashchandran-vs-icici-bank-ltd-on-23-november-2006\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A.Subashchandran vs Icici Bank Ltd on 23 November, 2006 - Free Judgements of Supreme Court &amp; 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