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1991 Supreme(Del) 373

M.L.VERMA
UNION BANK OF INDIA – Appellant
Versus
LOGIC SYSTEMS PRIVATE LIMITED – Respondent


Advocates Appeared:
GITA MITTAL, H.L.DASI, PRAMOD AGARWAL, SUNIL GOEL, SVATANTAR KUMAR, VASUDHA INDURKAR

M. L. VARMA

( 1 ) THIS is an application by the plaintiff under O. 2, R. 2 of the Code of Civil Procedure (for short civil Procedure Code ), seeking leave to omit the relief for enforcement of its mortgage rights in respect of Flat No. 3, Datta Apart- ments Khar, Bombay (for short the mort- gaged property) from the instant suit and to institute appropriate proceedings in the Court of competent jurisdiction to enforce its said rights in respect of the said property. It has also been prayed in this application that necessary leave be granted to the plaintiff to omit including in this suit, the claim of the plaintiff under the various bank guarantees issued by the plaintiff for and on behalf of defendant No. 1 in favour of various parties, and to institute a suit for recovery of its dues if and when necessary, in the event of the bank guarantees being invoked and the payment of amount claimed therein.

( 2 ) IT is stated in this application that defendant No. 1 had equitably mortgaged the said property with intent to create security for the dues of defendant No. 1 and that this charge was got registered in the office of the Registrar of Companies of Delhi and Har- yana. New Delhi. It i




























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