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Mar
Brief Facts and Procedural History: A loan of Rs 12.70 lakhs was sanctions to M/s. Amar Timber Works, a partnership firm, by the Allahabad Bank (‘Bank’) in the year 1989. This partnership firm comprised of three partners, Jagmohan Singh, Payam Shoghi and Dev Kumar Sinha. Certain properties were mortgaged by the partners to secure the […]