{"id":130716,"date":"2008-12-17T00:00:00","date_gmt":"2008-12-16T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-mooka-basaveshwara-oil-vs-the-karnataka-state-financial-on-17-december-2008"},"modified":"2016-04-10T03:46:04","modified_gmt":"2016-04-09T22:16:04","slug":"ms-mooka-basaveshwara-oil-vs-the-karnataka-state-financial-on-17-december-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-mooka-basaveshwara-oil-vs-the-karnataka-state-financial-on-17-december-2008","title":{"rendered":"M\/S Mooka Basaveshwara Oil &#8230; vs The Karnataka State Financial on 17 December, 2008"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">M\/S Mooka Basaveshwara Oil &#8230; vs The Karnataka State Financial on 17 December, 2008<\/div>\n<div class=\"doc_author\">Author: N.Kumar<\/div>\n<pre>BETW HEN;\n\n\" V'  \u00e9 \"'-SiRU{}E}\"PfPA 'I'OWN,BELLARY DIS'I'RiC'\"i'.\n\nEa)\n\nIii THE HIGH {EOURT OF KARHATAKA C1859?\nAT DI'i&amp;RWAD   \n\n::zA'rE;:3 \"I'I-iiS THE 17% DAY 02;'  _ \nBEFORE A' 1 %% pk  V\nTHE Hozrnm MR J$*3_T!CE H'.K_I_iP\u00a2!A.R \n\nWRIT PETi'Fi{&gt;I$E\"'E*\u00a7\u00a2:;.138?'2'i'f2\u00a7}\u00a3\u00a7\u00a7?-.(GM-\u00a7{SFCiV\n\nwt; MOQKA 't;3fiSAVE.SEiWAR1?; \u20ac:a\u00a7L If~iDUS'fRiES\nBY yrs ;PAi?'?NER;'R.J;-RAMESH (magma 5;\/0\n223...}.x==AM.?A,:\u00a7A{mU'nA.,;;\u00a33_Etmaai;-t;'\u00a3' 25 YEARS,\nR If}   iii \u00a3\u00abi..\ufb01GE;Ki1Ri WALLI PGST .\nSESRUGUP?\u00a2._VTAL1JK,BELLAR'{ DISTZQICIT.\n\nSR1 R .5 B\u00a3sSAVAI*\u00a7;\u00a3;C':\u00a3;U--\u00a7)\u00a3&amp;\n$19 R,J14T.PAMEA;iA$:A:;:BA,AGED ABOUT .39 YEARS\n5:32: _6-- 1 1?\".\"-'._.{C3L{} 'Z'Is\u00a5.C FLA'? NO.55,ASSESSME'i'\n\u00bb\u00bb':'~1j:'j2. 1':'??~A;,wzx.R;m::&gt;.5,PREsENT WARE} P50. 12\n\n 'i3'E'I'1'I'IONERS\n\n1  _  Sri GODE KAGARAJA, ADV}\n\nCVAND\"\n\n'L--THE \u00a5&lt;:ARNA&#039;i&#039;AKA STATE FINANCIAL\nv  &lt;:OR?ORA;TION,REPfB&#039;f ETS MAi~IA\u20ac;%iN;\u00a7.*1f:;%rim.i_  Q2:  ma: PRELIMINARY'\n\nHEARING 13\u00a2 Bjv\u00e9\ufb01iivmf7\ufb01\u00a7Ii$:'iiAY,_ Tii\ufb01 COURT MADE THE\nFOLLGWXNQ;  =     '\n\n g&lt;;:-_;%1:&#039;s_.;;;\u00a7;g\n\n  ?1:l\u00e9\u00b0pe:t;n&#039;cner iia$&quot;&quot;&#039;&lt;:l1na}ieI1ged in this wztii pfstzitimn\n\n  to them calling upon thcm in pay\n\n sum   as one timgit settlement to save his\n\n am_iv&quot;qu$5;3 {M2 spa}: deed ciatczi 23]{)8\/ $00?&#039; as per\n\n trxccutcd by the KSFC: in favour of the 311*\n\nV &#039; &#039; 1&#039;: --rgs po1Vidc11t.\n\n 2* Tile \ufb01rst peti\ufb01szznczr is at industry rcgi$i:45:n_=,d as\n\n  Linii: and situatexi in T\ufb01ampura producing cieacadicrator\n\nmachine used far prcniucing ggmund nut oil and cake. The\n\n\n\nthe bene\ufb01t. Hmsrcvcr, even bcfom expiry of 30 dag):   \n\nKSFC executed sale (iced in favou:I&#039;0f&quot;xthc  u\n\n23108\/2007 selling the property be:+;:;1g\u00e9;;:;%gTeoTT  _\n\nwhich was o\ufb02&#039;crc::i as  K$}7f}__.    the &quot; V\n\nsame, the pe\ufb01tioncr is bgfom _\n\n3. After     have\nentered appear     of objections.\n4. jT1:1\u00a2\u00e9: fenrf\ufb02xe pe\ufb01tioners asamiing\nthe impuwed  af  iiiisi\ufb01ni\u00e9gadcnts cnontcnd that whctn\n\nthe KSFQ.  tiiinc. 33:1;t}eIncnt and grantsd 30 days\n\n &quot;(hit  even before the petitioner could\n\n   ;\u00a7,k:\u00a7i\u00a7icsiincI3r the KSFC sold the property to\n\n&#039;  &quot;*~&#039;:&#039;l1c 351  for @ amount of Rs.8(),OG\ufb01\/-- and\n\nj&#039;l1a_irc.execuie\u00a7 ~the sale deed and this action ef the KSFC is\n\n and umeasmxabic and they being an\n\nV&quot; V7i*&#039;a:&#039;gg~u:nenta\ufb01ty cf the State couisti not have comritlctczzd itsc\ufb02\n\n.&#039;   Such a manner. \n\n\n\nsettlement and the intemst payable there on  \u00e9ii&#039; &#039;\n\nthe Annmnut &quot;D&quot; t\ufb02l today. Accordingly, ti3\u00a73;V  u u\n\ndeposited Rs.6,67,754\/- + Rs.1,1&#039;4;.Q0Qj~&#039;:&#039;+&#039;Rs&#039;;&lt;geQi;)_%=\u00ab._&amp;_j\n\ncompensate the 31*&#039; I&#039;CS}JOI1d.CI\ufb01i;. &#039;~ This&#039; S-hV@:rw.s_   51163 2 V L&#039;\n\nof 111:: petitiomcr. &#039;I&#039;his__ shUw._s:_L:  the\npmperty. If the 3&quot;&#039;    the pmpcstty\nnot being aware of these;  03$?&#039; fault with the\npetitioner.  \u00e9iw\ufb01istress Sam and a\nparty   auction shouid be.\nprapamd to   g\ufb01ch a 3311:. Under\ntheme   that the action of the\nrust mspop\ufb01cpt-\ufb01\ufb01\ufb01\ufb02&#039;  ge\ufb01iiig the&quot;: pmperty in public\naaggm &#039;%%i*as\u00abe\u00a7ur%%% 9: 3;;-&#039; V3*3&#039;Vmspondcnt is illegal, miainaxy\n\n the same rcquims to be set aside.\n\n &quot;&#039;--Hz%::x::c:r;*e,  &#039;  order:\n\n  V._(a&#039;} V\ufb01ffii Petition is ailowed.\n\n    &#039; Thc sale deed exmutn\ufb01 by the KSFC in favour of\nA ma 3rd respondent dated 23198\/2007 sa\ufb02ling the<\/pre>\n<p>nropcxty in favour caf the 3&#8217;4 respondent is<\/p>\n<p>x\/%<\/p>\n<p>hereby quashmii,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court M\/S Mooka Basaveshwara Oil &#8230; vs The Karnataka State Financial on 17 December, 2008 Author: N.Kumar BETW HEN; &#8221; V&#8217; \u00e9 &#8220;&#8216;-SiRU{}E}&#8221;PfPA &#8216;I&#8217;OWN,BELLARY DIS&#8217;I&#8217;RiC'&#8221;i&#8217;. Ea) Iii THE HIGH {EOURT OF KARHATAKA C1859? AT DI&#8217;i&amp;RWAD ::zA&#8217;rE;:3 &#8220;I&#8217;I-iiS THE 17% DAY 02;&#8217; _ BEFORE A&#8217; 1 %% pk V THE Hozrnm MR J$*3_T!CE H&#8217;.K_I_iP\u00a2!A.R [&hellip;]<\/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-130716","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>M\/S Mooka Basaveshwara Oil ... vs The Karnataka State Financial on 17 December, 2008 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/ms-mooka-basaveshwara-oil-vs-the-karnataka-state-financial-on-17-december-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S Mooka Basaveshwara Oil ... vs The Karnataka State Financial on 17 December, 2008 - Free Judgements of Supreme Court &amp; 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