Chitra Venkataraman, R.Karuppiah
Lakshmi Mohan – Appellant
Versus
Airtech Projects Engineers Pvt. Ltd. , Rep. By its Director S. P. Sundaram – Respondent
Chitra Venkataraman, J.—Writ Petition Nos.32610 and 32611 of 2012 and 24241 to 24244 of 2012 are filed by the United Bank of India and the purchasers of the guarantor’s properl in I.A.Nos.1026 and 1027 of 2011 in R.A.(S.A.)Nos.86 and 87 of 2010 dated 31.8.2012.ty respectively in the auction conducted by the Authorised Officer of the Bank against the orders of the Debt Recovery Appellate Tribunal in R.A.(SA) Nos.86 and 87 of 2010 dated 31.8.2012 and the orders of the Debt Recovery Tribuna
2. The first respondent in the above Writ Petitions is Airtech Projects Engineers Pvt. Ltd, the borrower, who defaulted in the payment of its dues to the bank. Since the issue and facts are common, the status of the parties as in W.P.No.31610 of 2012, filed by the Bank, is maintained herein in this order.
3. The first respondent herein had the cash credit facility for Rs.85.00 lakhs from the bank. One of its Directors by name Vasantha Devi (not a party in the Writ Petitions) offered her immovable property of an extent of 2.04 Grounds (4900 sq.ft at 32, McNichols Road, Chetpet, Chennai-31 for the above-said credit facility as security and guaranteed the repayment of the dues. Admit
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