A.SEETHARAM REDDY
Bank of India – Appellant
Versus
Vijay Transport – Respondent
( 1 ) BY a common order, these three revision petitions could be disposed of, as they are inter-related involving common point.
( 2 ) THESE three revision petitions arise under the following circumstances:- bank of India, who is the revisionist in all the three revision petitions, filed the suit, o. S. No. 12/75, against M/s. Vijay Transport, madras and others for recovery of a sum of Rs. 18, 14, 817-97 on the file of the sub-Court, Eluru. M/s. Vijay Transport (defendant No. 1), Sunkavalli Rajalakshmi (defendant-No. 3), Sunkavalli Venkatakrishna parvatalu (defendant No. 4) and sunkavalli Annapurnamma (defendant no. 14) put in a counter claim. The Sub-Court, eluru decreed both the suit as well as the counter claim. The petitioner, bank of India, preferred an appeal to this court in AS No. 858/76 against the said decrees- In the appeal,. stay was granted on condition of deposit of a sum of Rs. 16 lakhs by the petitioner-Bank, which was in turn enabled to be withdrawn by the respondents-defendants on furnishing bank guarantee. The said amount was withdrawn by the 1st defendant for which at first the United Commercial Bank gave security which was later replaced on
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.