2009 (3) TMI 1065

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..... on filed by the respondent herein by directing them to pay a sum of ₹ 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 ₹ 10 lakhs. The respondent deposited the title deeds of land and building as security. On 31.12.2000, the account of the respo .....

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..... proceeding subject to the respondent depositing a sum of ₹ 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 the secured assets. The respondent challeng .....

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