It is submitted by the learned counsel appearing for petitioners that the petitioners are husband and wife. The second petitioner and her daughters have executed a power deed, dated 23.01.2008, in favour of the first petitioner for purchasing certain properties in India. The said deed was executed at Singapore and was also duly authorised their. The second petitioner is carrying on business in India along with M.Mohamed Iqbal and J.M.H.Imran Khan, under the name and style “M/s. Furniture Empire, a Partnership Firm. The Partnership business was also looked after by other two persons and the second petitioner reposed faith on them. The said Firm availed loan facility from the fourth respondent/Bank. Whileso, the first petitioner received notice, dated 14.12.2010, from the fourth respondent/Bank, demanding repayment of Rs.10121629.22. On enquiry, the petitioner came to know that, M.Mohamed Iqbal, one of the partners of the said Firm intimated the fourth respondent/Bank that he relieved from the Partnership as early as on 1.8.2010, and that was not informed to the first petitioner either by the said M.Mohamed Iqbal or by the fourth respondent/Bank. The other two partners of the Partnership Firm were also released from the liability by the fourth respondent/Bank.
