P.V.SANJAY KUMAR, G.SHYAM PRASAD
J. VEERAIAH – Appellant
Versus
INDIAN OVERSEAS BANK – Respondent
SANJAY KUMAR, J.
1. The petitioners in W.P.No.6426 of 2016, eight in number, claim to be the tenants in possession of the property bearing Municipal No. 13-4-752, Sabzimandi, Karwan, Mehdipatnam, Hyderabad. The original owners of the said property were late Jalla Sattaiah and late Jalla Lachaiah. The petitioners claim to have obtained lease deeds from late Jalla Sattaiah and the legal heirs of late Jalla Lachaiah. They claim protection under the Andhra Pradesh Buildings (Lease, Rent and Eviction) Control Act, 1960.
2. The five petitioners in W.P.No.6089 of 2016 are the legal heirs of late Jalla Lachaiah and late Jalla Sattaiah. They claim to be co-sharers of the property in question. Petitioners 3 to 5 claim to be living in the said property along with the tenants. It is an admitted fact that late Jalla Sattaiah was a guarantor for the loan availed by M/s. Vasavi Enterprises, Hyderabad, the 2nd respondent in both writ petitions, from Indian Overseas Bank, Hyderabad, the 1st respondent in both cases. The said loan account was classified as a non-performing asset owing to the default committed in repayment thereof. The 1st respondent bank thereupon issued a demand notice under S
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.