Dismissed
M/S. the Mercantile Benefit Corporation (in Liqn.) v. Sri Marpuri Bhaskar
Telangana HCCOMPA/2011/2009
Case brief
AI extract
What is this about?
The company application seeking permission to take possession of mortgaged properties was dismissed as premature. The court reserved the liberty for the applicant to file a fresh application if respondents failed to pay within the time granted in a related decree application.
What did the court decide?
Permission to take possession of mortgaged properties was denied; liberty granted to move for possession if decree holders fail to pay within allotted time.