IN THE HIGH COURT OF JUDICATURE AT MADRAS
S. Srimathy, J
Valathar – Appellant
Versus
State of Tamil Nadu – Respondent
| Table of Content |
|---|
| 1. anticipatory bail request from accused in property loan case. (Para 1 , 2) |
| 2. arguments for and against granting anticipatory bail. (Para 3 , 4) |
| 3. bail granted with conditions on compliance and reporting. (Para 5 , 6) |
The petitioners/Accused, who apprehend arrest at the hands of the respondent police for the offences punishable under Sections 408, 465, 468 & 420 of IPC, in Crime No.9 of 2026, seeks anticipatory bail.
2. The case of the prosecution is that the petitioners obtained a loan of Rs.10,50,000/- from the defacto complainant company namely Aham Housing Finance Limited by falsely representing that the property in S.No.452/6 comprised both land and a residential building and thereby created a mortgage over the said property. During SARFAESI proceedings, it was discovered that the said survey number contained only vacant land and that building was actually situated in S.No.452/7.
Hence, the complaint.
3. The learned counsel appearing for the petitioners submits that the petitioners are innocent persons and they have not committed any offence as alleged by the prosecution. Hence, he prays for grant of anticipatory bail to the petitioners.
4. The learned Additional
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