HIGH COURT OF KERALA
V. G. Arun, J
KURIAKOSE – Appellant
Versus
JOHNSON – Respondent
ORDER
Dated this the 08th day of January, 2024 The revision petitioner is the second judgment debtor in E.P No.1670 of 2018 in O.S.No.300 of 2016 of the Additional Munsiff's Court, Irinjalakuda. The suit for return of money filed by the respondent against the revision petitioner and another was settled through mediation and a compromise decree passed. As per the terms of the compromise, the first judgment debtor was to pay an amount of Rs.26,50,000/- to the decree holder on or before 31.08.2016 and the second judgment debtor/revision petitioner was to pay Rs.52,00,000/- with interest at the rate of 18% from 30.05.2015, plus an additional sum of Rs.10,00,000/-. The amount due under the decree was charged over the immovable properties of the revision petitioner.
2. As the revision petitioner failed to discharge the decree debt, the respondent filed E.P.No.4363 of 2017, seeking to realise the amount from the immovable properties of the revision petitioner. Thereupon, it came to light that there was already a charge over the properties at the behest of the Punjab National Bank. Therefore, that execution petition could not be proceeded with and was dismissed. The respondent thereupon file
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.