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1988 Supreme(AP) 198

A.SEETHARAM REDDY
Bank of India – Appellant
Versus
Vijay Transport – Respondent


A. SEETARAM REDDY, J.

( 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was granted on condition of deposit of a sum of Rs. 16 lakhs by the petitioner-Bank, which was in turn enabled to be withdrawn by the respondents-defendants on furnishing bank guarantee. The said amount was withdrawn by the 1st defendant for which at first the United Commercial Bank gave security which was later replaced on



























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