CRP/6437/2016 of POKAPATLA NARASIMHA REDDY, CHITTOOR DIST & 4 OTHERS Vs STATE BANK OF INDIA, CHITTOOR DIST

HTCDS, J CRP_6437_2016 1 APHC010674902016 IN THE HIGH COURT OF ANDHRA PRADESH [3505] AT AMARAVATI (Special Original Jurisdiction) TUESDAY, THE TWENTY FIRST DAY OF JANUARY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE T.C.D.SEKHAR CIVIL REVISION PETITION No.6437/2016 Between: Pokapatla Narasimha Reddy, Chittoor Dist & 4 ...PETITIONER(S) Others and Others AND State Bank Of India Chittoor Dist ...RESPONDENT Counsel for the Petitioner(S): 1. S LAKSHMINARAYANA REDDY Counsel for the Respondent: 1. SATYANARAYANA MURTHY SRUNGAVARAPU HTCDS, J CRP_6437_2016 2 ORDER:- 1. The present revision petition is filed against order dt.15.11.2016 passed in IA No.54 of 2016 in OS No.261 of 2014, on the file of Principal Senior Civil Judge, Madanapalli, Chittoor District. 2. The petitioners are the defendants in the suit. The respondent bank filed suit in OS No.261 of 2014 for recovery of amount of Rs.8,98,098/- together with interest under agreement of Hypothecation Deed dt.21.05.2004 executed by the defendant Nos.1 to 3 in favour of plaintiff bank for Rs.3 lakhs by offering the plaint schedule property as security agreeing to repay the same with interest at the rate of 10.25% per annu