Posted On by &filed under High Court, Madras High Court.


Madras High Court
The Chartered Bank Of India, … vs K.P. Velliappa Chetty And Ors. on 26 October, 1914
Equivalent citations: (1914) 27 MLJ 654


JUDGMENT

1. The Subordinate Judge’s order cannot be supported. Rule 50 of the Order XXI of the Code of Civil Procedure relied on by the Subordinate Judge has no application as no property of the minor defendants not involved in the family trade was sought to be attached or sold.

2. As regards the contention (accepted by the learned Subordinate Judge) that the family property in Pullateen must be proved to be the assets of the Rangoon Firm which is not different from the family firm known as K. P. Firm, it being only a branch of the K. P. Firm), we follow the rulings in Chidambaram Chetty v. Ramasami Chetty (1914) 27 M.L.J. 631. and that “in the case of Nattukottai Chetties, their family property should be treated as trade assets” and that no distinction should be made between the family property and the trade assets.

3. The Subordinate Judge’s order is set aside and the Petition No. 892 of 1913 in Execution Application No. 95 of 1913 will stand dismissed with costs in this and in the Lower Court, the attachment order being revived.

4. The execution proceedings are transferred to the file of the Temporary Subordinate Judge of Sivaganga.


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