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under the KVAT Act and the CESS payable thereon. The vehicle was hypothicated in favour of the financier/second respondent. But since there occurred default

2012, where no property has been offered as security, but for creating hypothication over the stock. In respect of the 2nd loan

petitioner is that, sale of the vehicles concerned, which have been hypothicated with the Bank, in connection with the advance arranged in favour

JUDGMENT The petitioner availed a vehicle loan from the second respondent Bank hypothicating the concerned vehicle, which is an 'Innova car', besides

altogether three different loans were availed by the petitioner; viz Cash Credit Hypothication facility of Rs.23 lakhs, housing loan of Rs. 15 lakhs

them. Therefore, they were forced to keep it in the godown. Hypothication of this produce is not in dispute. It is also brought on record ... difference so far as the facts are concerned. Apart from hypothication of the produce, some security is offered and the appellants are ready to offer

2011 OF THE 3RD RESPONDENT. EXHIBIT P7. TRUE COPY OF THE HYPOTHICATION DEED EXECUTED IN FAVOUR OF THE 1ST RESPONDENT DATED 28/03/2011. EXHIBIT