DISCHARGE RECEIPT

Receipt for Discharge of Equitable Mortgage by deposit of

Title Deeds over the under – mentioned properties executed on
this the 22nd day of May 2023.
BY

CITY UNION BANK LIMITED, Incorporated under the Indian

Companies Act 1956 having its Registered Office at 149, T.S.R.
(Big) Street, Kumbakonam-612001, and having its Branch at
Maduravoyal Branch, having its branch office at K R M Towers,
No.4 A, Pallavan Nagar Main Road, Singaravelan Nagar,
Maduravoyal, Chennai-600095, represented by its Manager
Mrs.ANUSHYA.R, (Emp No.2973, Aadhaar No.514517233272)
Daughter of Mr.Rajagopal, aged about 38 years, and repreented
by its Assistant Manager Mr.ISAKKIMUTHU.M, (Emp No:4704,
Aadhaar No:447524891342), Son of Mr.Mariyappan, aged about
36 years, hereinafter called the Creditor.
IN FAVOUR OF

Mr.B.P.MURUGHAN, (Aadhaar No.444659437377), aged

about 74 years, Son of Mr.Periyathambi, residing at Plot No.5,
Anjaneyar Street, Karthikeyan Nagar, Janaki Nagar Main Road,
Maduravoyal, Chennai-600095, hereinafter called the Mortgagor.
Whereas the Mortgagor has availed total Loan from
executed a Memorandum of Deposits of title deeds in favour of the
CREDITOR, which is registered in the Office of the
Virugambakkam, as per Table 1.
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Table – 1

S.No Name of the Mortgagor Document No Dated Principal Loan

Amount
1. Mr.B.P.Murughan 6695/2013 29.10.2013 Rs. 20,00 000/-
Proprietor of M/s.B P
M Agency
2. Mr.B.P.Murughan 7985/2014 02.12.2014 Rs.15,00 000/-
Proprietor of M/s.B P
M Agency
3. Mr.B.P.Murughan 6168/2017 20.09.2017 Rs.7,50 000/-
Proprietor of M/s.B P &
M Agency and Rs.17,00,000/-
Mr.S.B.Murughan
4. Mr.B.P.Murughan 1584/2018 09.03.2018 Rs.25,00 000/-
Proprietor of M/s.B P &
M Agency and Rs.20,00,000/-
Mr.M.Vinoth
Proprietor of M/s.A N
Constructions
5. Mr.B.P.Murughan 5237/2020 04.12.2020 Rs. 30,00 000/-
Proprietor of M/s.B P Rs.12,60,000/-
M Agency and &
Mr.M.Vinoth Rs. 4,00,000/-
Proprietor of M/s.A N
Constructions
TOTAL Rs.1,51,10,000/-

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 Whereas by mutual consent between the CERDITORS and
the Mortgagor, the CREDITORS City Union Bank Ltd.,
Maduravoyal Branch received the said principal loan amount of
Rs.1,51,10,000/- (Rupees One Crore Fifty One Lakhs and Ten
Thousand Only) together with interest thereon in full and Final
settlement of all its claims has decided to discharge the under
mentioned property from the Equitable Mortgage Encumbrance.

NOW THIS DEED OF RECEIPT for discharge of Equitable

Mortgage Encumbrance is executed by the City Union Bank,
Maduravoyal Branch in and by which the bank hereby release and
relinquishes its claim to proceed against the under mentioned
property for the recovery of the loan due and payable by the
BORROWER.
In all the respects, the banks has no recourse against the
under mentioned property hereafter. The Property is free from the
equitable Mortgage Encumbrance by this deed.
IN WITNESS WHERE OF Mr.ISAKKIMUTHU.M City Union
Bank, Maduravoyal Branch, has executed this deed of RECEIPT
for discharge of Equitable Mortgage of this day of 22.05.2023.

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 SCHEDULE OF PROPERTY
Description of Immovable Property (ies)

S.NO Full Description of the property with boundaries Owner (s) of the
property
1 All that piece and Parcel of land and Mr.B.P.MURUGHAN,
building bearing Plot No.5, Anjaneyar S/o
Street, Karthikeyan Nagar, in Janaki Mr.Periyathambi
Nagar Main Road, Maduravoyal Village,
Maduravoyal Taluk, Chennai District,
Comprised in Survey No.98/1 (As per
Patta No.445, Survey No.98/1F) land
measuring to an extent of 2400 Sq.Feet
and building measuring to an extent of
2732 Sq.Feet Ground Floor 1183 Square
feet & First Floor 1549 Square Feet) and
bounded on the
North By : Rajasekaran Land
South By: Sudalai Muthu Land,
East By: Pathway
West By: Rajeswari Ammal Land
Admeasuring
North to South on the Eastern side:40 Feet,
North to South on the Western side:40 Feet,
East to West on the Northern side:60 Feet,
East to West on the Southern side:60 Feet,
In all admeasuring to an extent of 2400
Square feet of and building measuring to
an extent of 2732 Sq.Feet (Ground Floor
1183 Square feet & First Floor 1549
Square Feet) and the property is lying
within the Registration District of South
Chennai and Sub Registration of
Virugambakkam.

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 And Situated within the Sub-Registration District of
Virugambakkam and Registration District of Chennai South. The
Schedule mentioned Property situated within the limits of
Corporation of Chennai.
IN WITNESS WHEREOF the above said Bank
Represented by its signing authority has set his hand the day,
month and year first above written.

Witness:
1.
……………………………, S.SRIRAM, S/o.Sivasuriyamoorthy, Age: 39, No.23
Block, A1 First Floor, East Street, Uthukuli Main Road, palayakadu, Tiruppur -
641607, Aadhaar No. 833258188890.
2.
……………………………, M.SARAVANAN, S/o.G.Munusamy, Age:38,
No.18/4B, School Street, Virugambakkam, Chennai-600092, Aadhaar
No.433832127364.

Drafted by

A.RAMAKRISHNAN
Document Writer
Lic.No.A/893/MS(S)/99
Mobile No.9444929056