1 BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT DATED: 14.09.2011 CORAM: THE HONOURABLE MR.JUSTICE R.SUDHAKAR W.P(MD)No.4968 of 2011 B.Revathi .. Petitioner Vs. 1.The Union of India, The Ministry of Finance, Rep. by its Finance Secretary, New Delhi. 2.The Chairman and Managing Director, Indian Overseas Bank- Head Office, Anna Salai, Chennai. 3.The Lead District Manager, Lead Bank, District Consultative Committee for Banking Development, Canara bank Salai Road, Canara Bank, Dindigul District. 4.The Branch Manager, Indian Overseas Bank, Sithayajkottai Branch, Sithayankottai(post), Dindigul District. .. Respondents PRAYER: Writ Petition is filed under Article 226 of the Constitution of India, to issue a Writ of Mandamus directing the fourth respondent to sanction the educational loan of Rs.2,70,000/- as per the fees structure dated 20.08.2009 and funds for educational loan aids for the petitioner study of B.E., (Electronics and Instrumentation Engineering) course at Adhiyaman College of Engineering at Hosur within the period stipulated by this Court. For Petitioner : Mr.A.Haja Mohideen For R-1 : Mr.Arunkumar For R-4 : Mr.M.Senthil Kumar O R D E R This Writ Petition has been filed to direct the fourth respondent to sanction educational loan of Rs.2,70,000/- to the petitioner, as per the fees structure, dated 20.08.2009 to undergo of B.E., (Electronics and Instrumentation Engineering) course at Adhiyaman College of Engineering at Hosur, within a stipulated period. 2. Heard Mr.A.Haja Mohideen, learned counsel for the petitioner and Mr.Arun Kumar, learned counsel appears for R-1 and Mr.M.Senthil Kumar, learned counsel appears for R-4. https://hcservices.ecourts.gov.in/hcservices/ 2 3. By consent, the Writ Petition itself is taken up for final hearing. 4. The petitioner seeks educational loan. The learned counsel for the fourth respondent bank on notice states that there is default on account of the sister of the petitioner. 5. The learned counsel for the petitioner states that the petitioner's sister is not gainfully employed and the petitioner has given a representation to the fourth respondent bank explaining her difficult situation and she has also paid certain amount earlier. 6. The fact that the sister of the petitioner has taken a loan, need not be taken as a ground to deny educational loan to the petitioner for her future education. That is not in terms of the Reserve Bank of India guidelines. 7. The learned counsel for the first respondent states that upto Rs.4,00,000/-, no security is required. The above statement is recorded. 8. Accordingly, the fourth respondent bank is directed to consider the claim of the petitioner for grant of educational loan in accordance with the guidelines of the Reserve Bank of India, within a period of four weeks from the date of receipt of a copy of this order. 9. With the above direction, the Writ Petition is disposed of. No Costs. Sd/- Assistant Registrar (CO) /True copy/ Sub Assistant Registrar(C.S) To 1.The Finance Secretary, Union of India, The Ministry of Finance, New Delhi. 2.The Chairman and Managing Director, Indian Overseas Bank- Head Office, Anna Salai, Chennai. 3.The Lead District Manager, Lead Bank, District Consultative Committee for Banking Development, Canara bank Salai Road, Canara Bank, Dindigul District. 4.The Branch Manager, Indian Overseas Bank, Sithayajkottai Branch, Sithayankottai(post), Dindigul District. +1. CC to Mr.S.Arunkumar, Advocate, SR.No. 31903 +1. CC to Mr.M.Senthil Kumar, Advocate, SR.No. 31806 pm W.P.(MD)No.4968 of 2011 14.09.2011 TR : 20.09.2011: 2p/7c https://hcservices.ecourts.gov.in/hcservices/