1979 Supreme(Raj) 439
S.C.AGRAWAL
Nath Raj – Appellant
Versus
State Bank of Bikaner And Jaipur – Respondent
Advocates:
For the Petitioner:K.C. Samdariya, Advocate.
For the Non-petitioner:M.M. Vyas, Advocate and D.S. Shishodia, Govt. Advocate.
JUDGMENT
1. - Both these revision petitions have been filed against the: orders passed by the Additional District judge, Sirohi in civil suit No. 2 of 1975 heard together and are disposed of this common order.
2. The facts giving rise to these revision petitions are as under:-The State Bank of Bikaner & Jaipur (hereinafter referred to as 'the Bank'), the non-petitioner herein had extended Joan facilities to the petitioner to the extent of Rs. 25,000/- with the Cash Credit Account opened by the petitioner under the phaina Branch of the Bank and by way of security for the repayment of the amount due under the Cash Credit Account the petitioner had hypothecated the machinates and that stock of finished and unfinished goods and raw materials with the Bank under a hypothecation agreement dated 3rd March 1972 executed by the petitioner in favour of the Bank. On 10th July, 197i the Bank filed a suit against the petitioner in the court of the Additional District Judge, Sirohi for the recovery of Rs. 38,303.88 on account of the amount due under the loan advanced by the Bank to the petitioner under the Cash Credit Account, the interest payable op the said amount of loan as well as the expense
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