Drat Madras Court January 2008 Judgments
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M.N. Muthanna Vasu Vs. Malaprabha Grameena Bank and ors.
Court: DRAT Madras
Decided on: Jan-22-2008
Reported in: I(2008)BC159
1. This appeal is preferred by the appellant challenging the legality of the order passed by the DRT, Bangalore on 14.2.2007 in MA-50/2004.2. The appellant and the 3rd respondent herein have filed the application in MA-50/2004 on the file of DRT. Bangalore to set aside the ex parte order passed against them in OA-312/2002. The 1st respondent Bank filed its objections in the said proceedings. After hearing both sides, the learned Presiding Officer dismissed the application filed by the appellant and the 3rd respondent herein.Hence, the appeal.3. The 1st respondent Bank has filed the OA-312/2002 against the appellant and the respondents 2 and 3 herein for recovery of Rs. 46,97,120/- with future interest at 16% p.a. from the date of application till the date of realization and also for sale of the hypothecated properties under Schedules A and C and for sale of the mortgaged properties under Schedules B and D. In the said proceedings, the appellant herein, who was arrayed as 2nd defendant...
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