jurisdiction. It is his further contention that on the
date of the hypothication agreement dated 26.08.2009, the loan agreement
contained an arbitration clause ... Courts in Chennai
shall have exclusive jurisdiction. The deed of hypothication deals with the similar
provision. The learned arbitrator has failed to consider the objection
dated
11.07.2008, do practically nullify the hypothications of the property in favour
of the revision petitioner for the heavy amount due to the revision petitioner ... Twenty Thousand only) from the revision petitioner Society as
per two hypothication bonds dated 28.07.1995 and 31.12.1998 respectively as
house loan and used the same
already been
paid, due to which, an endorsement also made about the hypothication in
the RC book of the said vehicle, which has been deliberately ... said vehicle to third party. Hence, the
entire amount due in hypothication agreement has been discharged.
However, suppressing the entire issues, Shriram Transport Finance
Company
pointed out that the lands of Bhavani Mills Limited was already hypothicated to secured creditors, besides that the sale agreement of it are of doubtful
marked as ExA.1. He applied for a Cash Credit Facility against hypothication of piece goods collaterally secured by deposit of title deeds of house
interest or property in the goods by the hypothecator to the hypothe-catee. It only creates a notional and an equitable charge in favour
pointed out that the lands of Bhavani Mills Limited was already hypothicated
to secured creditors, besides that the sale agreement of it are of doubtful
handed
over to the defacto complainant and the accused shall clear the
hypothication dues of the vehicles.
7.On compliance of the above conditions
chose in action or pro-note and will enable the pledgee or hypothe-catee to sue for recovery of the money. I think that
father who constituted the partnership and
it was not a mere hypothication and in such a case, the second respondent after
loosing the pledged goods
