2009 (3) TMI 1065

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....impugned order, the High Court disposed of the writ petition filed by the respondent herein by directing them to pay a sum of Rs. 10 lakhs in installments for liquidating the dues of the appellant bank. A perusal of the record shows that the appellant-bank extended financial facility to the respondent to an extent of Rs. 10 lakhs. The respondent deposited the title deeds of land and building as....

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....ion No.7435 of 2005. The High Court stayed the proceeding subject to the respondent depositing a sum of Rs. 10 lakhs, which the latter never deposited. In the interregnum, the respondent approached the bank for one time settlement. The bank agreed for settlement, but the respondent failed to abide by the conditions of settlement. Consequently, bank issued notice dated 12.2.2007 for possession of t....