{"id":111281,"date":"2008-10-24T00:00:00","date_gmt":"2008-10-23T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-vs-ms-karnataka-state-industrial-on-24-october-2008"},"modified":"2019-04-02T23:44:42","modified_gmt":"2019-04-02T18:14:42","slug":"the-official-liquidator-of-vs-ms-karnataka-state-industrial-on-24-october-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-official-liquidator-of-vs-ms-karnataka-state-industrial-on-24-october-2008","title":{"rendered":"The Official Liquidator Of vs M\/S Karnataka State Industrial … on 24 October, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
The Official Liquidator Of vs M\/S Karnataka State Industrial … on 24 October, 2008<\/div>\n
Author: B.V.Nagarathna<\/div>\n<\/p>\n
<\/pre>\n
 \u00b0.KoRAMANGA;A, BANGALoRE–34<\/p>\n
_ 1 _<\/p>\n
EN THE HEGH COURT OF KARNATAKA AT \u00a7EN@\ufb02\u00a7ORE ”<\/p>\n
DATED THIS THE 24″ may 0F,o\u00a2TdBER*2Gaa  ,j<\/p>\n
BEFORE
\nwas H0N’BLE MRs.Jusf:\u00a2\u00a7 B V NA\u00a2ARA%\u00a7NA<\/p>\n
c;A;uo.\u00a72\u00a7ggge\u00a7*.<\/p>\n
_”IM\u00a3Z’__1}_’.\n<\/p>\n
\u00a7;%wNQ;\u00a7\u00a7\u00a74\u00a7QQ3″Vv”\n<\/p>\n
iv ;*cQ\u00a2\u00a7;\u00a7o.2\u00a7gg26s3′<\/p>\n
BETWEEN  ,*}K<\/p>\n
THE OFFICEAL LIQUIQATOR OF
\nM\/8.STVEN s0LvEX.?vTmLiM:Ta9<\/p>\n
{EN LIQU:9\ufb01$:oN).\u00bbAf
\nA?TAcHEs’TQ’axGH”3oURT OF KARNATAKA<\/p>\n
D \u00a33? WING, KENQRIYASADRN<\/p>\n
. . RPFLICRNT<\/p>\n
“4\u00e9i;s\u00a7:KnE$PAK & 3%: V JAYARAM, RDVS.,}<\/p>\n
ANB<\/p>\n
. I’M\/s.KARN&TAKA STATE INDUSTRIAL
\nINVESTMENT AND SEVELOPMENT
\nCORPORATION LTD., “KHANIJA BHAVAN”
\nNO.\u00e9% 4″*\u20acLmwL BAST?UNG<\/p>\n
RACE COURSE ROAD, BANGALORE-2<\/p>\n
– 2 –\n<\/p>\n
2. EENATAKA STATE FINANCE
\nCORPORATEON ;*T
\nNO.l\/E, THIMMAIAH ROAD} ,_,
\nNEAR CANTONMENT RMLWAY, <\/p>\n
$TATION, BRNGALOREFEZ<\/p>\n
3. STATE BANK 09 :EDIAHF:’_
\nCOLLEGE RoAE,\u00bbQEARwEE-g–*;<\/p>\n
4. T.JAGADTsE, 35lEfA4a?;’ __
\n13* CROSS, KALTENgNAGA3 “”
\nVIUH%m\u00a3ARz ; , T ,*s,_ I
\nHuEL:g5Egs0\u00a71*.i,’ _’a””~*<\/p>\n
…RESPONBENTS<\/p>\n
THIS EA :3 FILED UNDEE’EULEs 5 & 9 SF TEE
\nCOMPANKEE {CQURT) RULES, 1959 AND OEEEE 5 RULE
\n20(lA); OF’ THE; CEE_’ERET:Ns To PERMIT TEE
\nGEETCIAE LZQUIDRTQRKTQ MAKE SUBSTITUTE SERVICE
\nBY WAY OE PA\u00a7ER ADVERTISEMENT GF TEE NOTICE TO<\/p>\n
RESEON\u00a7ENT’NQI4 RT THE LAST KNOWN ADDRESS IN<\/p>\n
“*. THE a:ssyE GE ~Y9ECCAN HERALE”, Hubli Edition
\nV  an\u00a7E “V1JAH_ KRRNATKR, Kannada version, Hubli
\neLEd:t:\u00a2n;_W_’a<\/p>\n
‘” Tai\u00e9 Ch CEMING ON EUR CEEEEE TEES EAT,
\nTHE CQUET MADE THE FOLLOWING:<\/p>\n
ORDQE<\/p>\n
The learned counsel for the Officiai<\/p>\n
Liquidataz’ has filed. an application seaking<\/p>\n
%\u00a7\ufb01\u00a7\/\/X<\/p>\n
4\/<\/p>\n
-3-<\/span><\/p>\n
permission to take steps by way of sgb\u00e9tit\ufb01t\u00e9d<\/p>\n
service with regard to res90ndent~NQ}4iii.<\/p>\n
for the applicant is term;tt&\u00a7:t\u00e9 take out
\nnotice in “DECCAN\ufb01HEEALQ5pr\ufb02\ufb01b1i Edition and
\n“VIJAY HaawaiaxargtaKag\u00a7aaaiV&eision, Hubii<\/p>\n
Edition Hgg }c:..\u00a7ef\u00a7t\u00e9 :21.i1:\ufb01O08 fixing the<\/p>\n
date:a\u00a3:\ufb01\u00e9s:i5g%a\u00a7=i2.12.2ao8.<\/p>\n
‘”3, .t\u00a7hb”1ekp\u00e9nses with regard _to the<\/p>\n
 ‘\u00ab\u00a7gpe\u00e9fp\u00a7bii\u00a2aiion shall be initially borne by<\/p>\n
 ” the wt\u00e9ffi\ufb01ial Liquidator which shaii be<\/p>\n
r\u00e9imb\ufb01r\ufb01\u00e9d. out of the sale proceeds of the<\/p>\n
“xcQm\u00a7ahy if: liquidation cm: priority basis a3<\/p>\n
‘*rp3r Section 4?6 of the Act.<\/p>\n
iii
\ng:\n<\/p>\n
M \/<\/p>\n
7. Application.perus\u00e9d,\u00b0Lea:\u00a7\u00e9d:co\ufb01nsalt<\/p>\n
-4″\n<\/p>\n
4. Accordingly, co\ufb01pa\ufb01\u00a7;’ap\u00a7l:\u00a7a3\u00a7\u00a2\ufb01_ is: <\/p>\n
allewed.\n<\/p>\n
. \u00a7VEj Judge<\/p>\n
mw,- *”  1111<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court The Official Liquidator Of vs M\/S Karnataka State Industrial … on 24 October, 2008 Author: B.V.Nagarathna \u00b0.KoRAMANGA;A, BANGALoRE–34 _ 1 _ EN THE HEGH COURT OF KARNATAKA AT \u00a7EN@\ufb02\u00a7ORE ” DATED THIS THE 24″ may 0F,o\u00a2TdBER*2Gaa ,j BEFORE was H0N’BLE MRs.Jusf:\u00a2\u00a7 B V NA\u00a2ARA%\u00a7NA c;A;uo.\u00a72\u00a7ggge\u00a7*. _”IM\u00a3Z’__1}_’. \u00a7;%wNQ;\u00a7\u00a7\u00a74\u00a7QQ3″Vv” iv ;*cQ\u00a2\u00a7;\u00a7o.2\u00a7gg26s3′ BETWEEN ,*}K THE […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-111281","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nThe Official Liquidator Of vs M\/S Karnataka State Industrial ... on 24 October, 2008 - 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