PUSHPA SATHYANARAYANA
Sree Vadivambigai Ginning Industries – Appellant
Versus
Tamil Nadu Mercantile Bank Limited – Respondent
1. By this common judgment, this Court proceeds to decide the above four appeals, which are inextricably interconnected with each other, arising out of similar and common questions of law and facts.
2. For the sake of convenience, the parties are referred to hereunder according to their litigative status and ranking before the trial Court.
3. In these appeals, both the plaintiffs as well as the defendant have called in question the legal sustainability of the judgment and decree 04.12.2008 passed by the learned Subordinate Judge, Pollachi, in A.S. Nos. 47 and 48 of 2008 filed against the judgment and decree passed by the learned District Munsif, Pollachi, in O.S. No. 178 of 2006.
4. The plaintiffs, group of Private Limited Companies, filed the suit for mandatory injunction directing the defendant Tamil Nadu Mercantile Bank Limited to return them the schedule mentioned documents within a stipulated period.
5. The factual expose which arise for disposal of the present appeals are as follows:-
(a) The plaintiffs, who have obtained a loan of Rs.37,27,000/- from the defendant Bank on equitable mortgage by depositing the title deeds, claim to have promptly repaid the loan as early
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