SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2017 Supreme(Mad) 1871

S.MANIKUMAR, V.BHAVANI SUBBAROYAN
S. M. K. Construction – Appellant
Versus
Authorised Officer, Bank of Baroda, Erode Branch – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Mrs. C. Uma
For the Respondents: Mr. V. Bhiman, for M/s. Sampath Kumar & Asso.

ORDER :

S. Manikumar, J.

Petitioner has availed Over Draft loan facility of Rs.90 Lakhs from Bank of Baroda, Erode on 23.01.2010 for business purpose. Bank Guarantee to the tune of Rs.10 Lakhs was also sanctioned, but not utilised. Loan was secured by mortgaging lands in SF No.119/2A, Old Survey No.26, 22 F, 25/B and 25/C and 102 A, Thottipalayam, 17-Oodayum Village, Muthur Town Panchayat, Vella Koil Sub Registrar Office, Kangeyam Taluk, Tirupur District measuring an extent of 5.05 acres.

2. According to the petitioner, land is an agricultural property classified as 'punja' with 600 coconut trees, 3500 Eucalyptus trees, 2000 Casuarina trees and other trees including rubber and bamboo trees. Petitioner has further stated that corn was also planted in and around 1.50 acres. There was also a cattle farm.

3. Petitioner has further contended that electricity service connection in S.C.No.167 was obtained from TANGEDCO, exclusively for agricultural activity. There is a blue metal crush unit in the portion of the land. Farmers in and around the said land objected to the crush unit, pursuant to which the Tamilnadu Pollution Control Board, passed an order dated 16.12.2016. Writ petitioner has fu

































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top