IN THE HIGH COURT OF KARNATAKA AT BANGAAORE*O
DATED THIS THE 27" DAY OF AUGusT{?2OiOI»AT«7
PRESENT
M.F.A.NO.25§5{2OOs '
BETWEEN: , ,~"-"--'w
1. SRI M V GOpIuATH"L- I, ; _',%,",
AGED ABOUT 64 YRS, S/O O VELAYUEHAN
NAIR, R/O THANKA"fiIvAs*,§_ -~,'
NO 936, 3'WIAGE} RAOAJinAOARw=
BANGALORE 1§,€"f,'¢ '5'< '
2 ..GC:PII~ifi;TH
MAJOR W/O 53; M V GQPINATH
R/O7THANKA_NIVASm"yQ_936, 2 STAGE
RAJAJINAGAR; BANGALORE 10
'a VA -_*; %= ... APPELLANTS
(By sxffi SATVf!I"SH__'_§.vARAVIND, ADV. )
. '.
i. 3.
1 _KARNfif§KA%SfATE FINANCIAL CORPORATION
HEAD OFFICE AT NO 1/1, THIMMAIAH
ROAD; BANGALORE 52
O":é~M%S O TEAM Innusrnins
«f Ev? LTD, OFFICE NO 254, B BOHMASANDRA
KINDL AREA, BOMMASANDRA, ANEKAL
BANGALORE 58,
'H"~~(1N LIQUIOATION)
REP. BY THE OFFICIAL LIQUIDATOR
ATTACHED TO HIGH COURT OF KARNATKA
4 FLO0R,D AND F WING, KENDRIIA SADAN
KORAMfiNGALA, BANGALORE 34
6/
RESPONDENTS
hi
{fly fir; : S G Qfififilfi, A$?,}
mm. $12333 13/3 32 :9} 6? THE STATE
§*INA2qc:1:,AL cogmxamaxss ACT A&§.IH$’}.’ ‘.E’HEU'<{} K§i.E*-.§R
fikffiflt 31.1.3803 EASSED IH fiESC.fi$.742j2§Q$fQ§_
TEE F333 0? THE V3 AD§L.CIT¥ C$V$E 'Jfi§GE;:=
amamm cxm" 5(cc£:§;-=11}, g:;2;;o¢3~'é'-:.2}2<;..'_j- %:9i:§E««
ygwmxorx FILEE U13 3: {1} (aa.}_ & ;é;1ac=:'*r_::§2:: :a;2jr 0;2~r*_ '
$iZ'A'i?E yxnmcxmd CQRPORATEGES" AST" ._ ~
-ram A.§PE§& comma; Q1~I QF{fJR §§E’;A_£>g:’2~2:=8~ ?1i:~:’3:v$”«..%
my, 1vLAE»EJ%..}”z~1A*§’E~3 J, mgxzmmgp *E§s’E
\””*Wmm”””.:jUDG2!$;駒;:3}’€:1’V:’.
Thfi iegality 9:? the mzcier
passed by thev Judga,
Bagzgalorefi . passed in
Misc.I~3’6;”‘é’é{2;;%f29Vf§;?£”‘i$.,AVé:~zl3;é£i”‘:in quasticn in this
apyeai”, ”
2 . Tfacze “a§{§e3 }” a§;–1§s wager Respondantswz anfi
.3.;fi. 3.f::2′:*’:’-.:~;::.*:–.~;’:a..;%’.§:j§ case. The petitivn was
‘£::’fife:§ the Sfmlal Ccxusrt by é..:.m 1″
{Lander $93.33. {§.§ éaa} and $em,32 Qf
_t.he skate Financial Carymratian Act 1§§1,
» 3;.2:’;e:§é’%3T:’:%_,§2g3 ‘ ffir a . dizfiectiééz I ta. I énvinracxtfl tzfiién
Ré;spc::ndent$~–2 to 4 to jaintly and smreraliy
pay a sum of Rs. 1,33,22,e99,/« mwards thee
tam laan and far a fuzther direction ta pay
_:2 3122:: mi’ Rs.§;,58$,§é,523/’–I in refipeet aitxf gm
6/__
facility and tr: further direct the defe{§i€:3ax3t$
ta pay a sum of Rs..1,@4,39§523/–~ in
factzmring futility as on ‘%éfa;.:su
czantested an many gro12n~:§ s.
claim petitiean fi3.eé by t1:¢.=;”‘V–Res}:;sééa»rfi}e :its§:’;
allowed. Being 2:.«ggx*3″‘.§é*-,::§.és:3. ‘ s.$a;§1’mV¢, the
pxesent appeai ‘V J
:3. Eifhoughn : _.9+:’1..:*e urged in
the appeai. := tI”:; e arguments the
learned relying
12pGni ‘§t:}f”‘3;é’ ‘l;§’#¢.’.E;.’uVVi”.’IVt’Z;r1′}. Supreme Cmszrt in
-ggégggeg’~..¢_ ::§~%mUsmRzA§. I¥~$’J”’ESTMENT &
agv3m§xw§’ c¢R:ée§Ai’IaN vs. s.1<:.:<:.:€t3Ia§<;%I &
r'a3po.r"l§é€I""iV£; AIR 290$ 36 3.713: cantends
which has paasetd the decree had;
z:,__”‘€:e:;:z:,i;’%:-ggsgésiagi jur:%.,$d.3;.ct3?,ers ta entertain tha
“V_,’pet:.2;m;~: filed by the 1” Rfispéndeflt.
“:%f”2£¢é:§;;«rcii:2g ta him, tiaé.2″d Respmzciant — Scsawany
is situasea within the gurisdiction af
Indzzstriai wait situated in Barzmsanfira
Ir;.&z2:3*’hr3;aL1. Araa which csmess under Anekal
fialuk. Therefora, ha mmitands that tha-
1
6/
patiticn filea befmre the Eangaiare City caart
was met maintainable.
é. Tke Learnad caufigei far, t§e_
xespsndentm: daes mat di$puta thiéu’§$¢figgT.
Howeverg he amntemés sings Mao ‘p3éju§iaé= is, ”
caused to the agelianta xn fnat f§re$enfi§n§if
mfmra Bangalere Ruz*a3g:1fi:§-,.$%:rj#*c:t; §:e?V’V:”:9$e:;=;;eH$.’E’csM
the cmurt ta reject the Em@t¢ntian firgéd by
the learnad c0unsei*£$g kg gfigéiiants.
5. Saving. heaxd-fth%f é¢&n§e1 for tag
part1a$;~fi§e éfi1y §©ififi”t¢ be amsidermfi &m
this afipea: i$:fa ¢.”
1} Whathé%.fihe E§s§§§fia$t~1 has pregented tha
§efiifi:a£ §éfa:$_the camatant court?
12¥;Eh$t§erK$§$_appeal has ta b fiismifigad ev%a
*fif7i% i$ §%esented befmra a wrang cmuzt an
tfiextgfiéund tfiat mm prajadiae weuifi be
2*xnfla§§é§’%§ tké a§pe11ant$’%ez&i§?
‘A5. So far as the$e twm paints are
.k”~__ Vffiéfiaarnedg it is mat £3 dispata that tha Ban.
Supreme Sauxt while deaiing witk tha mattar af
$.K.K.:¢;%méwE AEB QTRERS has came ta th@
5%
xzanaiuaimn that 3. gpetitiezz has ta m presentefi
where tha Enduatriai unit is carrying on’ ‘i:§f$;¢;:”‘.,A
husirzfissm Raiyifig upmz sec.32 mf ”
Financial Caxparatien Asst, whefi’ we a*_4reV4§¥e:.3f3..$.z*2g*¢.
with 3. spaciai statute and A’
Apex Cmzrt E233 rulefi thafi §1.é;s;e:s, a1’§c_je”‘:~.§1tL5
filafi befaxe the nag: _.$§§gék_w§£fiin. ¥hose
juri$dictian the defafigtinfi figfifi is lmcatedg
this caurt ¢.3I::.§.C3%:_ view, if
any i%_.}hej~ ‘%@eli’Lants or
net, ‘rr;a;.’s”‘T’ ‘a£i’>:’t1′;;.§:§e:.+° the Sam 2&2″:
view cf tfifi fl飧fi%t% %iaéings af the H@n’bl@
A963 * V ‘
..’ 7′?,._LFQ}«l.¢wi:1g….the afaxesaici dea:L$:§_s:;~:1_, the
_3?;;§ Q~’3;3;v3%.:Fc::?’I~?e«fl;. The gram: jpassad kn}? the $1
Qalvié aifudge, fiazzgaiereg
°._ at 31;1«é§e5 in Misa.Hm.?42ffl2 is hereby
Howefirafir, liberty is graitfzadta izhé
“ifieapandent m 3~;’a%T’~._
Rural fiiatrict $1133.}. take the wper :;x:;*..bc>a?2:z::£..A
and fiispose cat” the game in __a:c::;¢<3z*c§.'a.;:i a'!c~2. _': w§;'%:1*;,
Raw.
JUDGE