Prior mortgage in favour of bank - subsequently attachment order passed by Chit Registrar - Secured creditors cannot wash off their hands in totally depriving rights of other creditors as well as attachment made by Chit Registrar - liable to discharge the debt of unsecured creditors

W.P.Nos.17064 & 17065 of 2023

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 19.09.2023

CORAM

THE HONOURABLE MR.JUSTICE S.M.SUBRAMANIAM

W.P.Nos.17064 & 17065 of 2023

Indian Bank,

Perianaickenpalayam Branch,

30, 30/1, LMW Road,

Periyanaickenpalayam,

SRKV Post, Coimbatore – 641 020

Rep by its Chief Manager/Authorised Officer,

Mr.Chetan Khanna ... Petitioner in both W.Ps.

 Vs.

1.The Secretary to State Government of Tamil Nadu,

 Registration Department,

 Fort St. George, Chennai.

2.The Inspector General of Registration,

 No.100, Santhome High Road,

 Chennai – 600 028. … Respondents 1 & 2 in both W.Ps.

3.The Sub Registrar,

 SRO Kinathukkadadavu,

 15/117 Coimbatore Pollachi Road,

 Kinathukadavu – 642 109,

 Coimbatore District. ... 3rd Respondent in W.P.No.17064 of 2023

4.The Sub Registrar,

 SRO Perinaickenpalayam,

 Perianaickenpalayam,

 Coimbatore 641 020. ... 3rd Respondent in W.P.No.17065 of 2023

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