O.A.No.1033 of 2006 is filed seeking an order of interim injunction restraining the fifth respondent LIC Housing Finance Limited from taking further action pursuant to the auction notice in respect of flat bearing No.F6 situate at Lloyds Towers, 93, Lloyds Road, Royapettah, Chennai 600 014. This court was pleased to grant ad interim injunction when the said Original Application was moved, in absentia of the respondents. The fifth respondent moves Application No.179 of 2007 seeking to vacate the order of ad interim injunction granted by this court on 212. 2006 in O.A.No.1033 of 2006. The fifth respondent has taken out another application No.180 of 2007 praying to reject the plaint and dismiss the suit in C.S.No.960 of 2006 on the file of this court.

.2. To avoid confusion, the plaintiff is referred as the applicant and the fifth defendant is referred as respondent herein.

.3. The applicant would contend that the applicant is engaged in the business of real estate. The applicant was the owner of an extent of, 9 grounds and 442 sqft of land and building at No.93, Lloyds Road, Chennai 600 014. It entered into an agreement for joint development with Readymoney Shops and Hom