A.K.RAJAN
Shriram Capital Trust (P) Ltd. , Madras – Appellant
Versus
D. B. S. Properties Ltd. , Madras – Respondent
A.K. RAJAN, J.
1. The applicants are the third and fourth defendants in the suit. The plaintiff filed C.S. No. 943 of 1999 for recovery of a sum of Rs. 5,74,83,720/- Plaintiff also filed an Application No. 4322 of 1999, under Order 38, Rule 5 C.P.C. for a direction against the defendants 1 to 4 to furnish security to the extent of the suit claim, failing which for attachment before judgment of the immovable property. This Court by order dated 8.2.2001 directed the defendants to furnish security to the extent of the suit claim within eight weeks failing which order of attachment before judgment was to be ordered with respect to the property extending to 20.491 grounds. Against that order, O.S.A. No. 171 of 2001 was filed. The Division Bench on 28.6.2001 modified the order and directed the defendants to furnish security for a sum of Rs. 150.00 lakhs by way of bank guarantee and also to furnish immovable property security of 10 grounds of land.
2. The applicants filed an Application No. 2175 of 2000 in Application No. 4322 of 1999 seeking permission to deposit the certified copies of the sale deed for furnishing security, since the property forming the subject matter of the
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