This order allows an application by a lender to release the attachment of immovable property previously seized due to loan default, noting that the loan account was subsequently settled.
Order raising attachment dated 12.11.2018 in A.No.4761 of 2018 allowed.
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Arb.Appln.No.136 of 2022
Arb.Appln.No.136 of 2022
SENTHILKUMAR RAMAMOORTHY, J.
The applicant is a lender and had extended credit facilities to the respondent herein. On account of the default in fulfilling obligations under the relevant loan agreement, the applicant filed A.No.4761 of 2018 earlier and, by order dated 12.11.2018, the immovable property described in the schedule to the Judge's summons was attached.
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Arb.Appln.No.136 of 2022
SENTHILKUMAR RAMAMOORTHY, J.
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issued, seeks to raise the said order of attachment, this application is liable to be allowed.
10.11.2022
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Arb.Appln.No.136 of 2022
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1 issue framed by the court
Whether an application to release an attached property filed by the lender is maintainable where the loan account was subsequently settled by the borrower.
The applicant (Lender)
The respondent (Borrower)
SENTHILKUMAR RAMAMOORTHY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
