Mr Rahul Jagannathan was engaged to appear for the land-owners and had contented that the promoter had colluded with the financiers and procured a loan of Rs 4,50,00,000/- without any approval in writing from the owners. Hence, accepting the said contention the Hon’ble authority had held that the said mortgage had no legal backing. Thus providing relief to the owners to remove the lien/encumbrance created by the promoter from their property