2.1. Believing the said assurance, the petitioner had handed over his title deed pertaining to the house property at Plot No.3236. The Bank printed forms were handed over to the petitioner and the petitioner also signed in the printed form. His wife also signed in the said papers, believing that the said document was given only as a security for Rs.1 crore. After six months as agreed the accused did not release this petitioner’s document and cheated the petitioner. Thereafter, it was came to know that accused Nos.1 to 3 in collusion with the Branch Manager of the Indian Bank, Mylapore Branch cheated the petitioner by releasing the 9 item of the properties, which belonged to A1 to A3, after withholding the petitioner’s document. The other two properties, which were also originally secured assets, one property was sold while the petitioner protested through letter dated 04.08.2010 and the said amount was adjusted to the loan amount. Actually, at that time, the petitioner was not having any knowledge about the same. While at that time another property was also brought for sale. The guarantor made a legal fight, which went up to the Hon’ble Supreme Court, wherein the Hon’ble Supreme Court had directed him to pay a sum of Rs.1 crore and therefore the accused have disposed the goods of worth about Rs.1.3 crores, which had been hypothecated to the Indian Bank Manager in utter violation of the rules and regulation of the Indian Bank, Mylapore Branch.
