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2017 Supreme(AP) 577

V.RAMASUBRAMANIAN
Lokesh Foundaries Pvt. Ltd. – Appellant
Versus
Varun Motors – Respondent


Advocates Appeared:
For the Petitioner: Mr. S. Satyanarayana Prasad, Senior Counsel for Ch. Laxmi Chaya, Counsel.
For the Respondents: Bharadwaj Associates, Counsel, Mr. Vedula Venkata Ramana, Senior Counsel.

ORDER :

V. Ramasubramanian, J.

Aggrieved by an order passed by the trial Court, at the instance of the plaintiff in a suit for specific performance, directing the second defendant-bank to produce certain documents, the 1st defendant has come up with the present revision.

2. Heard Mr. S. Satyanarayana Prasad, learned senior counsel for the petitioner/1st defendant and Mr. Vedula Venkata Ramana, learned senior counsel appearing for the 1st respondent/ plaintiff.

3. The 1st respondent herein filed a suit in O.S.No.50 of 2007 for specific performance of an agreement of sale purportedly entered into between the 1st respondent company and the petitioner herein on 21.06.2005. It was recorded in the said agreement of sale that the total sale consideration would be Rs. 2,50,00,000/-; that the 1st respondent-plaintiff paid a sum of Rs. 50.00 lakhs in cash as advance at the time of execution of the agreement of sale; that the 1st respondent would also pay a sum of Rs. 31.00 lakhs to the 2nd respondent/2nd defendant-bank, by the end of June 2005 in a no lien account; and that since the petitioner had dues to be paid to the 2nd respondent Bank, for the settlement of which, a one time proposal was b







































































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