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    <title>2000 (7) TMI 900 - HIGH COURT OF MADRAS</title>
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    <description>Applicants who had executed the mortgage deed and defaulted in repayment failed to establish a strong prima facie case or balance of convenience for an injunction against enforcement of the mortgagee&#039;s power of sale, because the admitted debt remained unpaid and the challenge to mortgage clauses did not displace that liability. The Court nevertheless granted only limited interim protection by restraining sale conditionally, to give time for part-payment of the admitted liability. The restraint would cease automatically if the stipulated deposit was not made within time, after which the mortgagee could proceed under the power of sale.</description>
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    <pubDate>Fri, 14 Jul 2000 00:00:00 +0530</pubDate>
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      <title>2000 (7) TMI 900 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=106079</link>
      <description>Applicants who had executed the mortgage deed and defaulted in repayment failed to establish a strong prima facie case or balance of convenience for an injunction against enforcement of the mortgagee&#039;s power of sale, because the admitted debt remained unpaid and the challenge to mortgage clauses did not displace that liability. The Court nevertheless granted only limited interim protection by restraining sale conditionally, to give time for part-payment of the admitted liability. The restraint would cease automatically if the stipulated deposit was not made within time, after which the mortgagee could proceed under the power of sale.</description>
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