Rajagopalan, O.C.J.—The appellant, P. T. Munia Servai, was indebted to the Hanuman Bank. The Bank was ordered to be wound up in 1547. During the liquidation proceedings Munia Servai deposited the title-deeds of certain of his properties situate in Tanjore District as security for the amount due from him to the Bank. That was on 13th February, 1948. On Application No. 4085 of 1948, preferred by the Official Liquidators, the Court determined the liability of Munia Servai at Rs. 4,80,596-9-0 and he was further directed to deliver his properties to the Liquidators. Subsequent to that, Munia Servai preferred Application No. 3701 of 1953 to reduce the quantum of his liability to the Bank. By agreement between the Liquidators and the debtor, the liability was reduced, and the Court fixed the reduced liability at Rs. 1,74,238-8-0. By clause (3) of its order dated 21st October, 1953, this Court directed that out of the amount of Rs. Rs. 1,74,238-8-0, a sum of Rs. 25,000 should be paid on or before 21st November, 1953 and that the balance should be paid on or before 21st July, 1954. Clause (4) of the order, dated 21st October, 1953, directed that in default of payment of the. sum of Rs. 25,0

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