JUDGMENT

(Prayer: C.R.P.No.2626 of 2012: Petition filed under Article 227 of the Constitution of India as against the Fair and Decreetal Order dated 20.04.2012 passed by the learned Principal District Judge, Perambalur, in the Memo filed by the plaintiff in I.A.No.21 of 2011 in S.F.C.O.P.No.1 of 2009.

C.R.P.No.2627 of 2012: Petition filed under Article 227 of the Constitution of India as against the Fair and Decreetal Order dated 20.04.2012 passed by the learned Principal District Judge, Perambalur, in the Memo filed by the plaintiff in I.A.No.22 of 2011 in S.F.C.O.P.No.2 of 2009.)

1. These Civil Revision Petitions arise against the Order passed under Order 23 Rule 3 read with Section 151 of the Code of Civil Procedure, permitting the respondent/Corporation to withdraw S.F.C.O.P.Nos.1 and 2 of 2009 with liberty to proceed against the properties of the respondents under Section 29 of the State Financial Corporations Act, 1951, and to proceed against the properties of the respondent under Section 31, in future, if necessity arises.

2. The Civil Revision Petitioner wanted to set up a “korai mat” factory at Perambalur. To that end, he made an application for loan to the Tamil Nadu Industri