P.SATHASIVAM
R. Natesan – Appellant
Versus
City Union Bank Ltd. & Others – Respondent
Second petitioner in O.A.No.400 of 2001 on the file of the Debts Recovery Tribunal-I, Chennai is the revision petitioner in both the Revisions filed under Article 227 of the Constitution of India. In C.R.P.No.1786/2002, the petitioner challenges the conditional order passed by the Debts Recovery Tribunal. In C.R.P.No. 1787/2002, the same petitioner challenges the final order dated 26-6-2001 passed in O.A.No. 400/2001 in and by which the Debts Recovery Tribunal issued a recovery certificate in favour of the applicant Bank to realize the sum as claimed.
2. Heard Mr. P.L. Narayanan, learned counsel for the petitioner and Mr. Chandramouli, learned senior counsel for first respondent-City Union Bank, the only contesting party in both these cases.
3. The first respondent-City Union Bank filed a civil suit in C.S.No.1994/1994 on the file of the Original Side of this Court against Messrs. Ferrodeal Private Limited and other defendants, including the petitioner herein for recovery of a sum of Rs.6,42,523-37 together with interest thereon in respect of various credit facilities availed by the defendants. The defendants entered appearance through counsel and the matter was pending.
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