Partly allowed
Tamilnad Mercantile Bank Ltd. v. M/s.Cholamandalam Investment and Finance Company Ltd. and 4 others
Madras HCA/452/2021
Case brief
AI extract
What is this about?
The High Court of Judicature at Madras, in an application for raising an order of attachment executed in another case, granted the request to remove the attachment on specific properties mortgaged to the applicant bank. The court held that while the specific items in dispute could be released, the attachment on other property items would continue.
What did the court decide?
The application for raising the attachment is allowed in respect of items 2, 3, and 4 of the schedule, which constitute the mortgaged properties; attachment continues on item 1.