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ELIPE DHARMA RAO, M.VENUGOPAL
Ranjith Impex Rep. By N. Ranjith Kumar Marlecha, Sole Proprietor, Chennai & Another – Appellant
Versus
State Bank of India, Rep. By its Assistant General Manager, Stressed Assets Management Branch Chennai – Respondent
M. Venugopal, J.
C.R.P.No.2680 of 2009:
The revision petitioner/respondent/defendant has filed this civil revision petition praying to set aside the order dated 22.07.2009 in I.A.No.439 of 2009 in O.A.No.101 of 2009 passed by the Debts Recovery Tribunal-II, Chennai.
C.R.P.No.2681 of 2009:
The revision petitioner/respondent/defendant has filed this civil revision petition praying to set aside the order dated 22.07.2009 in I.A.No.437 of 2009 in O.A.No.100 of 2009 passed by the Debts Recovery Tribunal-II, Chennai.
2. The Debts Recovery Tribunal-II, Chennai, while passing order in I.A.No.439 of 2009 dated 22.07.2009, inter alia, has observed that it is convinced that a prima facie case is made out by the applicant bank and therefore, the respondent/defendant should be directed to furnish security for the suit claim of Rs.1,59,74,152/-on or before 18. 09. Accordingly, IA.439/09 is allowed. Registry is directed to issue notice to the respondent directing him to furnish security for the OA claim of Rs.1,59,74,152/- on or before 18. 09. Call on 18. 09.
3. The Debts Recovery Tribunal-II, Chennai, while passing order in I.A.No.437 of 2009 dated 22.07.2009, inter alia, has observed
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