BAKTHAVATSALAM

The defendants appeal from a common Judgment of Shanmukham, J., in C.S. Nos. 31 and 33 of 1974.

2. Originally these suits were instituted in the City Civil Court, Madras, and were transferred to this Court. C.S. No.31 of 1974 is a suit for a declaration that the debt or debts in respect of which the respondents/ plaintiffs stood liable as sureties or otherwise in respect of the loan to Shree Bharathy Mills Limited, Pondicherry, for the appellant defendant is/are no longer in existence, for a declaration that the arrangement between the appellant/defendant and the principal debtor, Shree Bharathy Mills Ltd. represented by its Authorised Controller on 7-1-1967 and 23-1-1967 discharged the respondents/plaintiffs from all or any liability to the appellant/defendant bank as it, extinguished the original debt in respect of which the respondents/ plaintiffs undertook liability whether as sureties or otherwise, and for a direction to the appellant/defendant bank to handover to the respondents plaintiff all the documents of title to property, share certificates and life insurance policy. C.S. No.33 of 1974 is a suit for a declaration that respondents/plaintiffs liab