JUDGEMENT
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(1.) Leave granted.
(2.) This appeal is directed against the final judgment and
order dated 08.06.2010 passed by the High Court of
Judicature at Bombay in Appeal No. 40 of 2010 in Chamber
Summons No. 1233 of 2008 in Suit No. 2374 of 2007
whereby the High Court disposed of the appeal filed by the
appellant herein by partly allowing Chamber Summons No.
1233 of 2008 filed by respondent No.1 herein for
amendment in the plaint.
(3.) Brief facts:
(a) The property (Bungalow) in question was constructed
by the late Ganpatrai Agarwal, father of the appellant herein.
Vipin Kumar Agarwal, respondent No.4 is the brother of the
appellant. The land on which the said bungalow is
constructed is a leasehold property and belongs to Hatkesh
Co-operative Housing Society Limited (hereinafter referred to
as "the Society"). The Society granted leasehold rights in
respect of the said plot by indenture of lease dated
22.02.1976. The mother of the appellant passed away in
1991 and his father also passed away in 2002. After the
death of the parents, the appellant holds 50% share in the
suit property and his brother, respondent No.4 herein, also
holds remaining 50% share in the suit property.
(b) According to the appellant, in the year 2002, for setting
up a new business, he was in need of substantial finance and
for that purpose, he approached respondent No.1-Company
through its Director Mr. Rajendra Kumar Aggarwal, who is his
co-brother. Respondent No.2 agreed to finance the
proposed projects on the condition that some documents are
required to be executed as security. In 2006, the appellant
signed an agreement with the Company promising to give
his share in the bungalow as a security for the loan. The
said agreement was to be acted only when the Company will
give an advance loan of Rs.1,85,00,000/- and further upon
failure of the appellant to repay the same within a period of
two years from the date of disbursement of the full amount
of loan with interest @ 12% p.a. Even before getting the
loan amount, the appellant herein signed the agreement.
Due to adverse market conditions, the appellant did not go
ahead with the proposed project and did not take any kind of
financial assistance from respondent No.1 Company and
respondent No.2 co-brother of the appellant.
(c) According to respondent No.2, the appellant signed an
agreement for sale on 02.02.2006 for selling 50% of his
undivided right, title and interest in the suit property. On
16.08.2007, respondent No.1-Company filed a suit for
specific performance being Suit No.2374 of 2007 before the
High Court of Bombay alleging that the appellant herein had
agreed to sell his 50% share in the suit property to the
Company for a consideration of Rs.1,85,00,000/- and also
alleged that the appellant ensured that respondent No.4
the brother of the appellant would sell his 50% undivided
share in the property to the Company for Rs.3,00,00,000/-
and represented him as an agent of respondent No.4. On
06.09.2007, respondent No.1 Company took out Notice of
Motion No.3241 of 2007 in which an ex-parte ad interim
order was passed in their favour.
(d) The appellant herein sent a letter dated 10.09.2007
through his advocate to respondent Nos. 1 & 2 for seeking
details of the consideration of Rs.1,85,00,000/- and also for
inspection of various documents referred to and relied on by
them in the plaint as well as in the Notice of Motion. After
inspecting the documents, the appellant filed a reply and
prayed for vacating of the ex-parte ad interim order dated
06.09.2007. After hearing the parties, the High Court, by
order dated 26.11.2007, vacated the ex-parte ad interim
order. On 20.08.2008, respondent No.1-Company took out
Chamber Summons No. 1233 of 2008 in Suit No. 2374 of
2007 with a prayer to amend the plaint by impleading other
parties. The appellant herein opposed the same. However,
by order dated 21.11.2009, learned Single Judge of the High
Court partly allowed the Chamber Summons.
(e) Against the order dated 21.11.2009, the appellant
herein preferred an appeal before the Division Bench being
Appeal No. 40 of 2009 in Chamber Summons No. 1233 of
2008 in Suit No. 2374 of 2007. By the impugned order dated
08.06.2010, the Division Bench of the High Court dismissed
the appeal.
(f) Aggrieved by the said order of the High Court, the
appellant has filed this appeal by way of special leave before
this Court.;
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