LAWS(APH)-2007-2-101

PUTTA VENKATA CHALAPATHI RAO Vs. VYSYA BANK LTD

Decided On February 13, 2007
PUTTA VENKATA CHALAPATHI RAO Appellant
V/S
VYSYA BANK LTD., MUPPAVARAM Respondents

JUDGEMENT

(1.) Heard Sri Adinarayana, Counsel for the appellant and Ms. Karuna, Counsel for 1st respondent.

(2.) Sri Adinarayana, the learned Counsel representing the appellant had taken this Court through the impugned order and would maintain that the appointment of Receiver being a harsh remedy, the learned Judge totally erred in making such an order and hence the same is liable to be set aside. The learned Counsel also had taken this Court through the contents of the order.

(3.) Per contra, Ms. Karuna, the learned Counsel representing the 1st respondent would contend that the 1st respondent is the Vysya Bank Limited, Muppavaram, and taking into consideration the peculiar facts and circumstances the order was made and it being a just and reasonable order, the same need not be disturbed.