HIGH COURT OF KERALA
HARISANKAR V. MENON, J
AYURVEDIC RESEARCH AND DEVELOPMENT TRUST – Appellant
Versus
KERALA KHADI AND VILLAGE INDUSTRIES BOARD – Respondent
| Table of Content |
|---|
| 1. justifications for property attachment (Para 1 , 2) |
| 2. counsel's arguments presented (Para 3) |
| 3. court's findings on property attachment (Para 4) |
JUDGMENT
The 1st petitioner, a trust registered under Travancore Cochin-Literary, Scientific and Charitable Society Registration Act , 1955, has taken some credit facilities from the 1st respondent herein. For realisation of the arrears in the afore credit facility, the properties of the 1st petitioner as well as its members have been attached.
2. The petitioners have filed the captioned writ petition, mainly pointing out that the properties covered by Ext.P2, extending to 28 cents and a building having an extent of 7500 sq.ft. would be sufficient enough to safeguard the interest of the 1st respondent herein, and therefore, the other properties of the petitioners may be released from attachment.
3. I have heard Sri.Anil Kumar M.Sivaraman, the learned counsel for the petitioners and Sri.N.Rajagopalan Nair, the learned Standing Counsel for the 1st respondent Board.
4. It is noticed that, as contended by the petitioners, a property extending to 28 cents, along with a building having an extent of 7500 sq. ft. as seen from Ext.P
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