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IN THE HIGH COURT OF JUDICATURE AT MADRAS
V.BHAVANI SUBBAROYAN, J
M/s.Omega Cables Limited – Appellant
Versus
State Bank of India – Respondent
| Table of Content |
|---|
| 1. details of loan and security documents (Para 3 , 4 , 5 , 6 , 10) |
| 2. issues for court determination (Para 14 , 20 , 24) |
| 3. contentions about title deeds (Para 15 , 16 , 18) |
| 4. legal status of companies with common directors (Para 41 , 43) |
| 5. court's directive on title deeds return (Para 48) |
COMMON ORDER
(Order of the Court was made by V.BHAVANI SUBBAROYAN.J.,) W.P.Nos.5275 and 5276 of 2018 are filed against the order passed by DRAT, Chennai, in M.A.Nos.151 & 152 of 2017 dated 14.12.2017.
2. W.P.No.3419 of 2018 is filed to quash the portion of the impugned order passed in M.A.No.152 of 2017 dated 14.12.2017 by DRAT, Chennai, in directing the first respondent bank to return the title deeds belonging to the petitioner herein.
3. The brief facts of the case as submitted by the learned counsel for the petitioner in W.P.Nos.5275 and 5276 of 2018 is as follows:-
The petitioner, namely, M/s.Omega Cables Limited, which is a Public Limited Company, had requested the first respondent bank for a term loan of Rs.20 crores to meet out the cost of preliminary works for development of its property at Ambattur Industrial Estate. Based on the said request, the first respondent bank, through
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