{"id":164394,"date":"2010-11-08T00:00:00","date_gmt":"2010-11-07T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/g-m-nithish-kumar-chittibabu-vs-the-karnataka-state-financial-on-8-november-2010"},"modified":"2016-04-16T13:48:51","modified_gmt":"2016-04-16T08:18:51","slug":"g-m-nithish-kumar-chittibabu-vs-the-karnataka-state-financial-on-8-november-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/g-m-nithish-kumar-chittibabu-vs-the-karnataka-state-financial-on-8-november-2010","title":{"rendered":"G M Nithish Kumar @ Chittibabu vs The Karnataka State Financial &#8230; on 8 November, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">G M Nithish Kumar @ Chittibabu vs The Karnataka State Financial &#8230; on 8 November, 2010<\/div>\n<div class=\"doc_author\">Author: S.N.Satyanarayana<\/div>\n<pre> \n\nIN THE HIGH COURT OF KARNATAKA. \n\nDATED THIS THE am DAY or NOVEMB.ER,; 1:of \n\nTHE HON'BLE MR.JUSTICE  i  . bf\n\nWRIT PETITION Nos.38928--38929\/2OO9\"V'{(}M;KS;FC} f .\n\nBETWEEN:  . \n\nG.M. Nithish kumar  Chittib-abut\"-\u00bb\n\nS\/0 Markandaiah, '  z - 5  V .'   \n\nAged about 42 years ' ' .   \n\nR\/ at No.40\/A, Ananth NiV.as,_  V  I, ~-\n\nGangusha Layout,  ' \" '\n\nNagar, Kalkere     .\nBangalore     ...PETITIONER\n\n(By. s;\ufb01.. V.s:.3s1d ,' Adv.)\n\n1. The Karnataka\"Stat'e--..Fir1anoia1 Corporation,\nM.G.Roa,d bran__.ch,. ii'\n\n2114' Floor, Church Street.\n._'E\u00abanga1ore--5600@\u00ab1'\n\n  Represerited by its\n'  T\ufb02epuyty\ufb02erreral Manager.\n\n':2 AEM\/s. Kt-.\"R.V.'Fashjons\n\n-#2 1959\/2.1=1st Floor, Sy. No: 57\/3,\nHongasandra Garvebhavi Palya,\n_Hosu--r Main Road, Banga1ore--560068,\n\n~  Represented by its Manager partner.\n \"Stilt. R. Kanmanj,\n\n W\/o Sri K. Ramachandran,\n' Aged about 38 years,\nR\/ at No.62\/A, BEML township.\nNew Thippaswandra,\nBanga1ore-- 560075. ...RESPONDENTS\n\n(By Sri Rajesh Shetty, Adv. for R-- 1\nSri.M.Chamraj, Adv. for R-2)\n\n\"'\"\\\n\n\n\n \n\nThese Writ Petitions are \ufb01led under \n\nand 227 of the Constitution of India \nthe possession notice dated 01\/06\/2009 .by\u00bblIs'*st. \n\nrespondent, the Karnataka Sta.'te\"Finanl-cial Corporation,\n\nM.G.Road Branch Bangalore--5'6O7l_OO'lll,, llre_present:ed.:':lbyVV\n\nits Deputy General Manager,' vide..A11ne\u00a7:u'rej--'I'.. its?'\n\nconsequential operation and'l\"e.tc. _\n\nThese Writ  hearing in 'B'\ngroup this day,_the Co1.1.rt'ma--de,_th2e'\n\nThe'  fhelrein lithe guarantor for the\ncreditvlfacility   21\u00b0C' respondent from the 13*\n\nrespondent?Corporation'... In respect of said loan\n\n \u00ab~..,transa\u00e9_:tioiis, thewpetitioner herein has offered his\n\n lvcollateral security to secure the said loan.\n\n  seen that due to failure in repayment of\n\n l:j..loan...gbyV\"the 2110' respondent and the petitioner herein,\n\n the' M18' respondent--Corporation has issued a notice\n\n\" \"under Sec. 13(2) of SARFAESI Act for taking possession\n\nand sale of the properties belonging to the petitioner\n\nherein. The said notice at Annexure--E is impugned by\n\n'\"\"\\\n\n\n\n \n\nthe petitioner in this proceedings on the groundflthat he\nis only a guarantor for the loan :.:2.ner\nrespondent, non--consideration of th\nproposal for one time settlement   C\nCorporation is opposed  _\"lavv:h'and. \ncannot be sold under  of \"Act for\nrealisation of the loaridue respondent. The\n181 respondent wouldthat'CAtIiVe--V\"'correctness or\notherwise oi rtotice  of SARFAESI Act\ncan be     Din\" under Sec.13(2)\n it 2  -- there is alternative remedy\navailable...  it is not open for him to\napproach  plunder Art. 226 of the Constitution.\n  that the said legal position is covered\n of the Apex Court in'the matter of\n or' mom vs. SATYAWATI TONDON AND\n\n C'   reported in 201 0 8 sec 110.\n\n3. Heard the counsel for the petitioner and\nit respondents. Pcrused the Judgment cited supra by the\n191 respondent--Corporation. In the light of the said\n\ndecision, it is seen that, since there is alternative\n\n\"N\n\n -\n<\/pre>\n<p>remedy available to the petitioner to chalienge thenotice<\/p>\n<p>issued under See.13[2) of SARFAESI Act&#8217;. it _is_<\/p>\n<p>for him to challenge the same in writ  &#8216; <\/p>\n<p>View of the ratio laid down by&#8217;;  -I <\/p>\n<p>aforesaid Judgment, this Court of-the that <\/p>\n<p>writ petitions does not  for leonsideration and<br \/>\nsame is required to be&#8221;d=isniissed,~reserving liberty to the<\/p>\n<p>petitioner to approachV_Vi)R1ll&#8217;__l:\ufb01:r jfresh application<\/p>\n<p>within 15   &#8216;reeeiipt &#8216;of copy of this<br \/>\norder. If  the same the said<br \/>\ndelay2_jp\u00a7hai.ll  considering the fact that the<br \/>\npetitionerjlwas  matter by \ufb01ling this writ<\/p>\n<p>petition, &#8216;Ilh&#8217;ereai&#8221;ter: the Tribunal shall dispose of the<\/p>\n<p>  merits after hearing the parties. it is<\/p>\n<p> flir-their  that even when the matter is pending<\/p>\n<p>before  it is open for the petitioner herein to pursue<\/p>\n<p>  &#8220;:ie_steps initiated by him for settlement of the dispute<\/p>\n<p> is&#8217; respondent and the 1st responcient&#8211;Corporation<\/p>\n<p>it  directed to consider his application for settlement in<\/p>\n<p>accordance with Rules of the Corporation governing the<\/p>\n<p>procedure for settlement. &#8216;Wt<\/p>\n<p>With these observations, the writ petiti0n&#8221;s&#8211;.Tare<\/p>\n<p>disposed of.\n<\/p>\n<p>Lr.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court G M Nithish Kumar @ Chittibabu vs The Karnataka State Financial &#8230; on 8 November, 2010 Author: S.N.Satyanarayana IN THE HIGH COURT OF KARNATAKA. DATED THIS THE am DAY or NOVEMB.ER,; 1:of THE HON&#8217;BLE MR.JUSTICE i . bf WRIT PETITION Nos.38928&#8211;38929\/2OO9&#8243;V'{(}M;KS;FC} f . BETWEEN: . G.M. Nithish kumar Chittib-abut&#8221;-\u00bb S\/0 Markandaiah, &#8216; [&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-164394","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>G M Nithish Kumar @ Chittibabu vs The Karnataka State Financial ... on 8 November, 2010 - 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\/g-m-nithish-kumar-chittibabu-vs-the-karnataka-state-financial-on-8-november-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G M Nithish Kumar @ Chittibabu vs The Karnataka State Financial ... on 8 November, 2010 - Free Judgements of Supreme Court &amp; 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