{"id":166017,"date":"2008-03-20T00:00:00","date_gmt":"2008-03-19T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/v-ramanujam-vs-karnataka-state-financial-on-20-march-2008"},"modified":"2019-01-19T09:23:26","modified_gmt":"2019-01-19T03:53:26","slug":"v-ramanujam-vs-karnataka-state-financial-on-20-march-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/v-ramanujam-vs-karnataka-state-financial-on-20-march-2008","title":{"rendered":"V Ramanujam vs Karnataka State Financial … on 20 March, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
V Ramanujam vs Karnataka State Financial … on 20 March, 2008<\/div>\n
Author: A.S.Bopanna<\/div>\n<\/p>\n
<\/pre>\n
IN THE HIGH COURT OF KARNATAKA AT Bf:I$I’GAIIOI\u00a7E  ‘
\nDATED THIS THE 20TH DAY-0’F—- ides”
\nBEFORE;”1’.V  ‘  I I I I <\/p>\n
THE HON’BLE MR. ;;sjVf’a;*:a*~._1ct13:’;rx S BQI5A’N’I\\IA”‘  <\/p>\n
ION No 11Ie’i’~r; :90. <\/p>\n
; y ;u r: ,. :_u _a.a . ,._.’<\/p>\n
WRIT PET!<\/p>\n
BETWEEN:\n<\/p>\n
V RAMANUJAM Is,\/_c)_ G \\riENKA’FASWEII\u00a7IY <\/p>\n
AUEL) ABOUT._53   _  ‘ <\/p>\n
R\/A NO. 18’9,LV,AI{SII1y11N1f\\.?AS_  ‘ j <\/p>\n
am’: CROSS, 5′”Fi..M;aIN i’\\3EW’Ii3YAPPAI~iA;HALLI
\nom   <\/p>\n
BAN<3AL0RE;s:3_0 03:3 _  .  PETITIONER<\/p>\n
(BY sn"":'–s.'K_vQ GIIAI;f'xE?PITII'Y..IJ.,.EID
\nSri: BIVS'. mean pmsap, ADVS)<\/p>\n
'  "   STATE FINANCIAL CORPORATION
\nI I = HI3A'DO_FE.'ICE #1\/1, THIMMAIH ROAD<\/p>\n
IBA1xzc3M,o'RE–56o 052 –\n<\/p>\n
REPD.7_EiY ITS GENERAL MANAGER<\/p>\n
2 .. KARNATAKA STATE FINANCIAL CORPORATION
\n‘M G ROAD BRANCH, NO. 48<\/span>
\n19″ 85 2″” FLOOR, CHURCH SSTREET
\nBANGALORE – 560 001
\nREPD. BY ITS MANAGER<\/p>\n
 M18 BRITISH INSTRUMENTATION SYSTEMS<\/p>\n
NO. 158, III CROSS, 1’31’ MAIN
\n BYAPPANAHALLI<\/p>\n
I<\/p>\n
,_<\/p>\n
fl
\n_?..j._ <\/p>\n
OLD MADRAS ROAD  V<\/p>\n
BANGALO ~E- 569\u00bb 938  <\/p>\n
‘3? ‘S\ufb01:-B RUDRA’-JGWDA AND  ‘ \u00ab. J V A
\nSri: B NAGARAJAPPA, Anvs FOR R1 swear)’<\/p>\n
THIS wan’ PETITION ISJFELED UNDER A13\u00a7’i\u00b0E..\u00abV.LES 2J26&. n\u00bb
\n227 0’9  <."';<")i'\\i'.-5'1'i":'U'i'ia')i'w" an-"**:N=aIA  A PRAYER T0; '<\/p>\n
QUASH THE LE'I"I'ER DTD. 23\/2105 .v1DE'-Aux; C3 gAND THE
\nAUC":'T'iC3I\\i NC:-T~:c:E cA1.1.;NG  –m'n..' 10,'3f{'.5
\nISSUED IN THE DAILY E~!.1_NDU AT ANX; <\/p>\n
This Writ Peti\ufb01on  1["C1v3l;.'1i\u00bb'.-.7'vV}_'\u00a3'2'.l_"i..VE1g, this day, the
\nCourt mack:-. thgtifollowing :' '  ' * I . <\/p>\n
writ oi'-ce1'tidm1'i .qi1va{\u00a7i1.,t}:c letter dated 28.2.%G-5,
\nis i1npugncr1V'at_Am:::m'1t-G and also the auction notice
\n\u00a301: tcnd\u00e91'a———datcd 10.3.2005 which is impuglled at<\/p>\n
  tlrcc: petition.\n<\/p>\n
:2…  xhavc heard Sri B.S. Raghupraaad, learned 001111561<\/p>\n
\u00a31.33, the pet1’tio11e1′ and Sri B. Nagarajappa, learned counsel<\/p>\n
3. Having heard the respective learned cojtiinseli\u00e9  V’<\/p>\n
perusecl the writ papers.\n<\/p>\n
4. Though several cOnj_;ei3.tionS”‘ h_aveVVbeei1_:”ti1*ged 011* V<\/p>\n
behele of .1’-.e 1..,t1’….1..,z, .112 r:..:.sr \u00ab:2! –_e I t-..1 :11
\n‘ei:1s1dei~” ‘”171 “1 this ijeif\ufb01f-” \u00a7’\ufb01<\/p>\n
in question tI1e_:(:q;gn1111:1Ei\ufb02C:z1:t\u00a5ini.i I 2\u00a7$;’;?.20″5 as we as
\nthe sL1bsety.–:en_t   };\u00a71:E11e gutmd that the
\npetitic\u00a7;1e1fvi’s’~ and therefore the
\npmvi\u00e93jon._c>\ufb01;    t11_e– State Financial C’.orporat1’on Act<\/p>\n
{for s11erti.t11e ‘Ac::’j  invoked against a guamntor to<\/p>\n
 to Sale “tile V” prope1’ties collcerned without the<\/p>\n
  ac:eoIt’1i11g’ to ihe IV:-:Sj)()i1d’11t3, I11 yemi I”1f’:i”
\n ncmly  and not the bormwer. In this regard, the
\n ‘pe\ufb01iione1’ has relied on the judgment. of a Division Bench of
\n% @1119. C.’ou1’t in the ease of N. NARASIMHAIAH AND OTHERS<\/p>\n
-v5- KARNATAKA STATE FINANCIAL CORPORATION, REF.<\/p>\n
1<\/span>
\nif<\/p>\n
BY ITS MANAGING DIRECTOR, BANGALORE <\/p>\n
Iepo11:edinILR 2003 KAR 3344. The Divisioii:’iZ!:ene1.1:_’
\nCourt in the said decision had oorvisiiiieiierlv ‘of=t1ie<\/p>\n
matter and had some .. up  ii 1 A’ I I
\nbeionging ion a Siiiety’ he sloiw-. V ‘
\ncorporation invokingv power;   of ‘the riot
\nwifliout the inteiventioil  Lsaid decision of
\nthe Division ]’3f.’-E7i1:f:.’i}’Of   in appeal by the
\nKajnataka   _  in Civil Appeal
\nNo.6  ..Ti1e: EiI:oIi’i:;–:1ee.S*:1p1e1ne Court by its older<\/p>\n
datedi%.13;–3′.  the juclgment rendered by the<\/p>\n
.D3d._i_11 “_;f.1i_t::,iV_1 _-._   As such the law is now Well<\/p>\n
so-ti%1″‘} mat t L it-1″rn”%a St”-te Pme.11e1a1 {.’er”orat1o11<\/p>\n
.  invoke Section 29 of the Act against the gllB.1’B11iZOI’.
\n iii thet View of the matter, the notice clatecl 28.2.2005<\/p>\n
 A.wliic11″”ie impugned at A1111exu1e–C to the petition and the<\/p>\n
 eoiiseqtlent auction noti\ufb01cation which is inipugued at<\/p>\n
I
\n‘1-\n<\/p>\n
An11cxurt:–D cannot be sustaillcd and tl1~;:’    ~<\/p>\n
aoc:oIdi11g1y quashed.\n<\/p>\n
The unit petition is clispeged of ‘i\ufb01fll ii,r:\u00a3’3- AC1._1’e*’.\u00a2..=,VrVV as <\/p>\n
costs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court V Ramanujam vs Karnataka State Financial … on 20 March, 2008 Author: A.S.Bopanna IN THE HIGH COURT OF KARNATAKA AT Bf:I$I’GAIIOI\u00a7E ‘ DATED THIS THE 20TH DAY-0’F—- ides” BEFORE;”1’.V ‘ I I I I THE HON’BLE MR. ;;sjVf’a;*:a*~._1ct13:’;rx S BQI5A’N’I\\IA”‘ ION No 11Ie’i’~r; :90. ; y ;u r: ,. :_u _a.a . […]<\/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-166017","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nV Ramanujam vs Karnataka State Financial ... on 20 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\/v-ramanujam-vs-karnataka-state-financial-on-20-march-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"V Ramanujam vs Karnataka State Financial ... on 20 March, 2008 - 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