High Court Karnataka High Court

Veebhadreshwar Traders vs Ig Vysya Bank Ltd on 30 June, 2009

Karnataka High Court
Veebhadreshwar Traders vs Ig Vysya Bank Ltd on 30 June, 2009
Author: B.S.Patil
WP 409%!-209$
ch 3 M
£24 T§--iE'; :--;:<;H COEERT 0:2' KARNA'FAi{A
CERCU :1' B;m<::H AT <21; LBARGA V _
DA'I'Ei3 TEES '£"E€E 30TH mm' a? JUNE, 2:j;:;s«§  A' 
3E?QRE _ 'x_ H'n
'ri~§r:: E-i'{3rE\si'i'-3135: MR,.:U'm':§;§,m;Q: *  
W.P.No.40059[§3{)08 £s3§}i~RES):, Tl.   " n K
amwxsx: ' K V. V V.  

1. NE} 5. Vfierbhacireshwar 
A firzin mpreseflted by its 'Paiiners ;  V u -_  V _
Shivaraya S.PujaIi as Jetteppa'    '
D001' N014'.-f3(), Ka3f1aka(ias.V.Gh::i*;vk,--.A  ' 
Jr: ya;-gi, Dist. i.'}j:.a1§§a;'ga.  V' - A

2. Shivazagéa, _ V _ ,
Sjo Sajhaniga P:;ja:-i;
Agaz 46 years; _ V '

Occ: B11si;i:1c:SS_, _
 , M;  "%§;{¢er¥:>ha(ire$?£::a:a,:fTraders,
 '"E%['oV'E'1ot5»j*§o. 1&3, S1331 Coiony,
_ Balaji  Sid __Jewa3*gi Road,

' €Z§fi£I3.arg?a_.;" ~ "

. 3,10 S*g1bsg:1a"'Pujan'.,

 .  fixge; §;£iz~:;I's,

" .{J:::::; j B11:'sij:1€:ss,
 "«§5'art:1é')7',
_  33%;' 3}' Veerbhadreshwar Traders,
~   Rfa?) Plot No.16, SB? Clalmzy,
.. " Baiaji Nagar, Sid Jewargi Road,
 fiililiaxga.  PETITIONERS

  (By Sri Bhfifiiwanji, Adv}



WP 5'rGO5'9/EGGS

AJQD:

ENG Vysya Bank $3111.,

Branch, G11.ft3a:'ga,

Tizmtigh its Authmriseii. Qfficfii',
fir. M.P1*asa<i R30,

P101. N<:":.8, Supsr Mark€"§.,

Gulbargag      " . 1 

{Sy Sri Manveném Rezifiy & Amma M.Réddy,"'é:;i;V£.'}._'  

This writ pfititien is rifled .;:n.«,:e:~ Amazes '226._ &v.~ VVV-22?' 9:' me
£1011sti£11ti0n of India, praying to qiiasia the s}:5;1eVVm,it;icé:;:isst1c:<i by the
respondent at Annex'ur€-A fiatasi E_8.,{}€%3._2%€}§}$ wiifirtjlg}-'_:?ia16 of security

interest metztiomsid thereifi Jam pm: to As*:31 c VQ:1’f£9.O?.i20{}8.

This petition is szommg -101:1 Hfialitlg ‘B’ Gmup,
this day, the Court, made the ‘fo.}Jg:>xvi1″1&5g§»:y_ ” ” ”

1. Cilaliéggée @113′-9§&?rif”§:f§fiti{)n is to the }fK)T.i€€ daied 29.07.2038
Ann.&x”ure~.»& isfiiieziv by .€he.”:*eé;;p<:;z:d«az1t–Bank.

iififlfp-.:_3gr:»s:d notice, the r€spiibi3?:u.1″ of the respandexzvfiank

” ” ~ I” “§;i “cQ:m@cti~:21’i with a Egan EI”dIiS.’&1CiiBIi.

‘This (Emir: an :?3?3.{}’?.2{}fi8 whiks: dimcfing emergent notice to
M ihgfjj r;e3;:s0misn€.-3, grazziisé imtfiaim stay of 1326 .i”iQfi{?€ cf aziction of the

;;)i’e:>p{~::”{i€s,; ii”: q’s.1est_§m:1 subjéct ta figs cczzfiifign. that the §}€:'{i’fi{3I1€§”

WP 400 33%} / 2608

“.3″,

deposits 3. sum eaf R’$.i20 iakhs by way of damarld {1:<a_.'r"t Lh§: ls:

:f:sp<)nden't–~Bzmk on 0;' befert: i29xO'?.2{}{}8. E': i§f_

1112:: yefifiorier has complied with t11isfi:1te'fi';:a_ d;§:ec:tiQi1'.i}}fV€i£tp<§siti:5;g

{he said Sum of R320 lakhs withixz t§r:x€: "&"._im;iE§:__ in fécvz; Cbunsel for the
§3€Ifi’i§{3IT3(ii”1S§ stibmits that fléé ;tmbn§%1f in 2: sum of RS320

lakhs is over mid akxfiivg: W1i2_.’zi;i .3¢tu,}a}}y é,i1;;J.”

4. B5 that éfis i!:’44i1§.sL:;7′,””ii:» 1:;’:1ai,th& iraan amount having been
disc§1arge{iV”3Aé§ .rVé§;V>o11dent–Ba:1k has no right to
preceefi wig} fl}.::: $§a7.c.”v.V§3€fi?fli€ir:}fi’::r..is entitled for setflemant cf his claim

and fur _mturi:~. <33" Aii§0<V:'t'i[1 m€I3iS deposited with the Bank, in

'g:;:?ss;«ci5:a;:':ct: am'-:1: Em," * ….. -A »

L Wr%_'t'Vp§:ii§.fi€3z;V is acCo'rciing13«" ailoweci in the above mrmfi.

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