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IN THE HIGH COURT OF JUDICATURE AT MADRAS
R.HEMALATHA
Authorized Officer, M/s. Bank of Baroda, (Previously Dena Bank) – Appellant
Versus
Kuber Infosolutions Private Limited, Represented by its Managing Director, Mr. M. Kuber – Respondent
| Table of Content |
|---|
| 1. declarations and injunction regarding loan default. (Para 1 , 2 , 3) |
| 2. defendant's counterarguments to plaintiff's claims. (Para 4) |
| 3. court's analysis of agreements and npa definition. (Para 7 , 11 , 12 , 13 , 14) |
| 4. substantial questions of law related to loan repayment. (Para 9 , 10) |
| 5. conclusion to dismiss the suit with costs. (Para 15) |
JUDGMENT :
R. HEMALATHA, J.
The appellants are the defendants in O.S.No.4555 of 2015, on the file of the XV Assistant City Civil Court, Chennai. The respondent, M/s. Kuber Infosolutions Private Limited, represented by its Managing Director Mr.M.Kuber filed the said suit for a declaration that no amount is payable by him to the defendants (appellants herein) in respect of his Working Capital Term Loan Account Number 052554023762 and Cash Credit Hypothecation Account Number 052513000038. He also prayed for a mandatory injunction directing the defendants to return all the original title deeds of plaintiff's property at Door No.594, second lane, T.H. Road, Old Washermenpet, Chennai, and for costs.
2. For the sake of convenience, the parties are referred to as per their ranking in the trial court and at appropriate places, their rank in
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