J U D G M E N T

The 1^st petitioner is a subscriber of various chits from the 1^st respondent herein. As regards the chits subscribed by him as above and advances received, he had offered guarantees in the form of landed properties by mortgaging the title deeds. The 2^nd petitioner had independently obtained certain credit facilities in chits subscribed from the 1^st respondent herein, and with respect to the said facilities, the 1^st petitioner was the guarantor. With reference to the credit facilities obtained by the 2^nd petitioner as above, the 1^st petitioner had offered certain properties owned by him as security. The documents with reference to the afore properties were also deposited with the 1^st respondent herein. The petitioners state that the chit subscribed by the 2^nd petitioner – Chit No. RCL 1143 – having been fully paid off and discharged, the documents offered as security for the afore credit facility require to be returned to him. When such a prayer was made, the 1^st respondent herein refused to return the documents, stating that the 1^st petitioner has various other liabilities payable to the 1^st respondent herein. It is in the afore circumstances that the petitioners hav