{"id":149569,"date":"2008-03-24T00:00:00","date_gmt":"2008-03-23T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/guru-industries-vs-karnataka-state-financial-on-24-march-2008"},"modified":"2018-11-26T12:13:31","modified_gmt":"2018-11-26T06:43:31","slug":"guru-industries-vs-karnataka-state-financial-on-24-march-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/guru-industries-vs-karnataka-state-financial-on-24-march-2008","title":{"rendered":"Guru Industries vs Karnataka State Financial … on 24 March, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Guru Industries vs Karnataka State Financial … on 24 March, 2008<\/div>\n
Author: A.S.Bopanna<\/div>\n
IN THE HIGH C.'.0UR'I' OF I{ARNA'1'AI{A,    A-\nDATED THIS THE 24TH DAY.OF'-MAR'\u00a2\ufb01.VV'2\u00e9--f}\u00a7.V\"  \nBEFORE  ' 'ik ' %   V' _\nTHE HON'I3LE MR. J\u00a3:.$f1\"1_CE 'A' B~o%PA\ufb01f#s_;\u00a2x\"  \n\nwan' PE-'!'!'I'iQN  2094 fGM.~,Ij{SFC}\n\nGU'R\"U INDUSTREES  v--\nCTS NO.6013\/_1,'\u00a7.;2;'.B--1\u00a3,   ~  ~\nDEvANGiv1ixTH'._'0'N;;\"BETAGE\u00a72I--GAUAG ' \"\n\nBY ITS PRC);PR;E;_TO'f% SR1 s\u00a3.NImPPA'*\u00ab._' H '\n\nKALAPPA YELA'v?\\';i?'i'I,  ':'E:'xRS,'g '\n\nocc: Bl-.?SINBfSS, R--;~EQ._D9:vANc:AM,Afi'H om\n\n'I'3E'T'AC}ER3 C\"2\u00bbPgI':AG, i\":3iS;T;RI(;-T CHKDACE  'PE'I'I'I'\u00a7ONER\n\n(BY sRt\":4:< SS1DHA\u00a5\u00bb:;jLRK;x\ufb01;?A~At;%n\n\nAND :_\n\nHz-xv1'ia1<3ITs HEAD OFFICE AT NO.1\/1\n _V '.1'H~\u00a3MMA1AH ROAD, BANGALORE, HAVING\n' --  z'1',s BRANCH OFFICE AT\n\u00ab VIVEKANAVNDA ROAD, GADAG\nREP; ITS DEPUTY MANAGER (LEGAL)\n\n1;  KAi?NATAKA STATE F"iNAN'CIAL C'-<'J'RPORPr'"riOI~4'\n\n2 .. VEERABHAD RAPPA SHIVARUDRAPPA KODAGANTI\n$':~fO SHIVARUDRAPPA KODAGANTI\n" AGED ABOUT 40 YEARS\n5 R \/O NEAR VARASIDDI VINAYAKA TEMPLE\n\nKARASIDDIMATH ONI. BETAGERI\n\nTQ 85 DIST GADAG  RESPONDENTS<\/pre>\n
(BY SR1 B RUDRAGOWDA, ADV FOR R1 AND
\nSR1 CZHANDRASHEKAR PA’I’iL, ADV FOR R2}<\/p>\n
‘ff<\/p>\n
THIS WRIT PET1T1ON IS FILED UNDER ARTICLES ?;;.25’4aNL>T  ‘ <\/p>\n
227 OF’ THE CONSTITUTION OF IND_IA\u00bb.PRAYI_NC% “‘I’\u20ac}f’ DECLARE<\/p>\n
THE ENTIRE ACTIOPE TAKEN BY  R1″i”‘Qi?. REGO’-?F:RY”VOF”\u00ab<\/p>\n
LOAN AMOUNT AGAINST THE RETIf1*IoNEE2. -Is’ IL1;;:”.’\u00ab:(;;2?\u00bb;:;.A<\/p>\n
ENCLUDING THE SALE DEED DT. -31.-‘.i20Q4. BEARING. <\/p>\n
3909 PRODUCED AS ANX. J, ASTVQID AND ETC.    <\/p>\n
THIS PETITEON  :~Lr:.\u00e9\u00ab.RzN,; ,’1′:’i4.1::,= DAY,
\nTHE comm’ MADE THE} m.r,Low1Nq:— .__ _ <\/p>\n
.-………—.x._–.’..\n<\/p>\n
_ .’\u00abt=.-\n<\/p>\n
The   t1;\u00ab’iV3f\u00ab’ for issue of
\nwrit o;”__ g\u00a2fti9i;e”:\ufb01:i_;  c;1tire action taken by
\n1’es1Joi3\u00a7le1:;t–  ‘1’\u00a2\u20ac’.}\ufb02t?I’y of the loan amount against. the
\npe\ufb01\ufb01on\u00e91=..\u00a7is\ufb021\u00e9g\u00a7Il the exectl\ufb02on of the sale deed<\/p>\n
datgd 3 .1..03.E20of4;  ”\n<\/p>\n
Bf!  heard Sri Sidhapurkar, learned counsel
\n petitioncl’ and Sri Ruclragowcla, learned
\n  2;ppea:ri11g fol the \ufb01rst Iespondent and
\nACJ1a;ic1Vvi4\u00e9as11eka1′ P.Pat3’i, learned counsel appealing for the<\/p>\n
 mspondent. Having heaitl the respective learned<\/p>\n
‘.44<\/p>\n
3. The fact that the pct1’tiont:r is a ])0l1’Zi);i’\u00a7’Bv1T:’, ‘<\/p>\n
borrowed loan from the \ufb01rst respaiident  ‘.f:’\u00bbI’:.-\u00a7i’:’2o pAs1y,_V <\/p>\n
displltecl. However, the grievallce 1$”ut.  <\/p>\n
in the 1J1’65’xCI1t1)B\ufb01ti011 is that’~.pmp\u00e9riy w11Vi&hA i\u00a7\u00a2’1en.g\u00e9d to r L<\/p>\n
.45 3:-cti!3l_1_1.t:1* 1___s bt:\u00a2:.1_1__ 52.41 fQl’.. lass;-,1′ valtisvthaii what. it<\/p>\n
‘ ‘LI. ..__._…1_. 1….-1<\/p>\n
“”fi3;f. u ma 1 ES 1;\n<\/p>\n
petitioncl’ is that’ –v\u00a7fi1e-11: . ~’\u00a3i’1’r’s.  1\u00a2j3g’1$\u00a3:i1;1u.&
\niniuatcd   No.9\/”O3 before
\nthe Dis_t;jiV;::t*VV.a\u00a7.’::- the first mspoudent.
\nc:o111c1 Illld\ufb01l’ Section 29 of the State<\/p>\n
 .J\u00a7{ii’t..’:(“I1\u00e9}:’ei11;e11’te1′ 1*t=.:fcrx\\ed tar as ‘the Act’)<\/p>\n
 ‘ ih\u00a7Iefc\u00a71e\u00bb,a  fi11t;:1t: action initiated by the \ufb01rst<\/p>\n
 ”  is 1u1\u00e9;1;.\u00e9\u00a7tai11ab1e and therefore, the sale deed<\/p>\n
 c.._::\u00a33113L..:\u00a3~._h3r \ufb01xst rt:=s_=pr_r11c1e11t in favour of the second<\/p>\n
been published and theleaftm’, the property   V’
\nfor the best. available pricre. Not11iItg”is—-1)1acet1\ufb02t)x1:t V
\nthe petzitioner to indicate that eiithexitttiit\ufb01
\noffered better price than W11at._1:ta5_ beet}   * L
\n1ee”e11..e11t. B91′ “ac! bee; i..di.j:_a.tetjv ether’  who<\/p>\n
xaee f1′”.:_]_.”i”*”\ufb01t’.*;\u00a7T’lf’._r’ ii’i._ij1if’;i3{‘iGi1 fer a hxgher<\/p>\n
Was ready to 131’
\nvalue. ‘I’he1efo1*e,:”i1).:sof;9:ar”.\u00e9is’   :\u00a7i1;{}pB1’iy, the \ufb01rst.\n<\/p>\n
1espo1:1de11t_     jjfecedtlle which is
\nconterttpleted.  in a public auction
\nand __ :esponc1e11t has pulchasecl the<\/p>\n
‘ same. C’\u00ab)11:the   \ufb01zst. respondent had initiated
\nthe 4:.;:\u00a31se.i11  No.9\/O3, it is not in dispute that<\/p>\n
  :11. was a petition under Section 31 of the Act<\/p>\n
\ufb011e\u00ab.__i4″in\u00a71ueiz\u00e9iAi11stitutiuI1 Wemu h”‘v”e l.Ll. cs’pt””I1 “f”re”eec13’11g
\n agai11.et._.A’:\ufb021e guarantor under Seetiozl 31 of the Act. ‘and
\n ’31eeeed under Section 29 against the bo1’mwe1’ and it. is well
\n___\u00a73ett1ed by the Division Bench of this C.’m1rt which has also<\/p>\n
been appmved by the Horfhle Supreme C.’0u’1’t.. That being<\/p>\n
1<\/span>
\n13<\/span><\/p>\n
the position, the action initiated by the \ufb01xst 11.e’s}pu1i\u00a71ei1t  *<\/p>\n
the present. case cannot be \ufb02=aulterl\u00bbwa1\\d  4_’_\ufb011’stV <\/p>\n
Iespozlldellt. in order ta Iecover the Which” w\u00e9p\u00a7~.,cIViie:<\/p>\n
from the petit1’o11e1′ has put. tiie”‘”p;npe1iyof the  to r L<\/p>\n
s_=-.L a_-d the second 1’e$13o11c1e1_1_t._ t1e1ei;t; bei\u00a31g\u00ab.\ufb02:_te siilccessful<\/p>\n
been<\/p>\n
for i11terfe1e11<:}e.\n<\/p>\n
\u00a711;.t”view”i:of  above, i’h’e”pet1’tio11 is devoid of merits
\n“*1-:1 ‘die  _is~:’\u00e9*1a’:eer\u20acIi:;;”;f \u20acliS’JGB’-:1 of. Na ercler as ..e-
\ncosts.\n<\/p>\n
V’ ‘   isms<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Guru Industries vs Karnataka State Financial … on 24 March, 2008 Author: A.S.Bopanna IN THE HIGH C.’.0UR’I’ OF I{ARNA’1’AI{A, A- DATED THIS THE 24TH DAY.OF’-MAR’\u00a2\ufb01.VV’2\u00e9–f}\u00a7.V” BEFORE ‘ ‘ik ‘ % V’ _ THE HON’I3LE MR. J\u00a3:.$f1″1_CE ‘A’ B~o%PA\ufb01f#s_;\u00a2x” wan’ PE-‘!’!’I’iQN 2094 fGM.~,Ij{SFC} GU’R”U INDUSTREES v– CTS NO.6013\/_1,’\u00a7.;2;’.B–1\u00a3, ~ ~ DEvANGiv1ixTH’._’0’N;;”BETAGE\u00a72I–GAUAG ‘ ” […]<\/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-149569","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nGuru Industries vs Karnataka State Financial ... on 24 March, 2008 - Free Judgements of Supreme Court & 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\/guru-industries-vs-karnataka-state-financial-on-24-march-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guru Industries vs Karnataka State Financial ... on 24 March, 2008 - 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