The civil revision petitioner is the second defendant in O.S.No.55 of 1988 on the file of the Sub Court, Sankagiri. In the said suit filed by the first respondent/Plaintiff Bank for hypothecation directing the defendants 1 to 3 to pay a sum of Rs.4,79,259/- with future interest at 13.5% per annum from the date of suit till date of payment towards the Term Loan, with a charge over the property described in the schedule and directing the sale of the hypothecated property in case of default of payment to be sold and the sale proceeds be applied for realization of the decretal amount and directing the defendants to pay a sum of Rs.1,99,907.05/-with future interest at 15% p.a. from the date of suit till date of payment towards cash credit loan with a charge over the property described in the schedule and in case of default of payment, directing the hypothecated property in movables described in the schedule to be sold and the sale proceeds be applied for realization of the decretal amount due under the cash credit loan amount and for cost, decree was passed by the trial Court on 26.09.1991.

2. An interlocutory application was filed by the first Respondent/Plaintiff Bank befo