{"id":200213,"date":"2008-03-27T00:00:00","date_gmt":"2008-03-26T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/smt-meenambal-vs-karnataka-state-financial-on-27-march-2008"},"modified":"2014-08-18T11:42:30","modified_gmt":"2014-08-18T06:12:30","slug":"smt-meenambal-vs-karnataka-state-financial-on-27-march-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/smt-meenambal-vs-karnataka-state-financial-on-27-march-2008","title":{"rendered":"Smt Meenambal vs Karnataka State Financial … on 27 March, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Smt Meenambal vs Karnataka State Financial … on 27 March, 2008<\/div>\n
Author: A.S.Bopanna<\/div>\n
IN THE HIGH coum' op' KARNATAKA AT   '\nDATED THIS THE 27TH DAY an      \"\n\nBEFoRE E.      \nTHE HON'BLE MR. Jigs-TjcE A 3 EQVPAEEA  \nwan' PETITION _No. 25754-gems \n\nBETWEEN :\n\nSMT. MEENAMBEL' \n\n'.5.-7,10 LATE TO i:\"\u00ab.'-'-'.;'.E{9..\u00bb'I'-!'c\".'I'E*I-.:'\u00a3N\" _  ' \n\nAGED ABOUT\"65._YE.A--RS\"   \" \nR\/A No.2,   \u00bb E \nvAsANTHaNA<3AR'\u00ab:.:  \n\nAMQAEV\n\nBl ll'I\\.rIl'[l.l\n\n"1 J: ":'\ufb01'V' V "\n05;   \n\n.. PETITIONER\n\n(BY SR1 GA SRIKA'N'f\u00a3?\u00a7C3d_\u00a7VE$A;"ADV.)\n\nA In r-3 , \n nn..L.a'{.\n\n1.\n'1'.\n\n% K\u00e9hfteamxa S'i"ti"i"E F'iNANCi_AL CORPORATION\n\n'  HAVING ITSHEAD OFFICE AT No.1\/1\nA'i'i~:7{"'1viIviiaii="-\u00bbE~i' ROAD\n\n. %  NEARKSANTONMENT RAILWAY STATION\n B\u00a3Li\\I"GALORE -- 560 052\n\n BY ITS MANAGING DIRECTOR\n\nV  '"';KA'RNATAKA STATE FINANCIAL CORPORATION\n\n' ' 'HAVING rrs BRANCH OFFICE\n\nAT CR8 COMPLEX\n\nNEAR KSRTC STAND\n\nKOLAR' -- 563 101\n\nREP. BY ITS ASSISTANT GENERAL MANACAR\n\nA\n\n,4\n\n\n\n3 TVENKATESHWARA FOODS mo P0!'14LTI%5\ufb01'Mf'+'V.t5'5'?\u20ac\u00b0i.x.3I'<    V\n\nNOJ35\/2; HOS-ABEEDHI\n\nYELAHANKA\n\n_B.A_NGAl.-C)RE- 550 .054 .  \n\nREP. BY ITS MANAGING IJARTNER'-._ A\n\n  ABHAY xo.n.a..a.:-2   \n\ns\/o LATE MUN] NARAYANAPP\n\nAC-ED ABOUT so YE'-JARS  V.\n\n  V \u00e9    RESPONDENTS<\/pre>\n
(3? sm so PANDET, A$V;”‘F\u20acff\u20ac’R%’i.\ufb01e,  .:
\nSR1 B. RUDR!%C3(3_WD\u00a3\u00a7, ADV? FQR”!\u00a7-92)<\/p>\n
THIS evRziif’;%E*ri*ri\u20ac’ai~i*~.i;.~:iFiLEo’gUNDER ARTICLES 226 85
\n227 0F__.’I’.HE “G_ON’t?~\ufb01’ITUTION omustola WITH A PRAYER T0;
\nQuasi; Ar\u00abraE:x;oRE\u00ab’o P532? PUBLICATION PUBLISHED IN
\nTIMES OFINDIA’DATED_24,_1’14.2005INSOFAR AS IT RELATES To
\nTHE HoUs’u:..oi+’ .T’H’E”o’PE’T’i’_T’iQN-ER MOREFULLY DESCRIBED IN
\nTHE scnapuu: TO'”‘!’HE ‘WRIT VPETIITON, NOTIFIED UNDER
\nsL.r~:o.3m ViDEvAI\\i”1\\?’EXi.JRE:D PUBLISHED BY R2.<\/p>\n
~  Writ.\u00bb P\ufb01iiiionv ooming on for Orders, this day, the<\/p>\n
.  ‘Coiirt xIi\u00a75a’doV’Mt_31\ufb02o following :<\/p>\n
‘1”.\n<\/p>\n
I<\/p>\n
zyough this petition is iistod in the ouiera category for<\/p>\n
   stops in respect of respondent No.3, it is noticed that<\/p>\n
  tlife 3″‘ respondent is the borrower and as such the presence<\/p>\n
 of the 3″‘ respondent in this petition may not be necessary to<\/p>\n
on
\nJ:\n<\/p>\n
I
\n‘4<\/p>\n
deciue the issize “‘””*1″ed, “”‘i’E partieii}a’ri”,  V.<\/p>\n
law ciecia1’cd by the Horfbic SupIen;\u00a2>Court”Wit.:li_’v1’\u00e9’gatd mt <\/p>\n
invoking of power under Section  <\/p>\n
Corporation Act (fay ghort the\u00bbt’,’\u00a7_9t’], Thgt  to  .<\/p>\n
3″‘ mspondcnt is dispensed a\ufb01d the  isvvftakcn up
\nfor consideration.  t A A Z<\/p>\n
-\ufb01nmri ti: I–v”-=\u00a5*=3′.:.  gays:  d”tr:d 2:-r.11.2m5<\/p>\n
at ,.;..V;.4.’;;L.;e.~~=t.r;,*:,t   at :’:”si.No.3(1) which is
\npublisli\u00e9dt th\u00e9xejnt pc\ufb01\ufb01oner contends that since<\/p>\n
mspopdent\ufb01’-. against the petitioner as a<\/p>\n
  ~*t\/of the loan advanced to the 3″‘<\/p>\n
 t  ‘-pmvisions of Section 29 of the Act cannot be<\/p>\n
ii;s}d1r\u00e9dvl\u00a7ft\ufb01t1i\u00a7s\u00a7VV1:\u00bbeti\ufb01oner in View of the law laid. down by a<\/p>\n
 Divittiali  \ufb01ench of this Court in the case of<\/p>\n
V.N.’NARAs1MHA1AH AND _.Tl-LERS -v.s;-  a….*’..E<\/p>\n
‘-1
\nl”’<\/p>\n
2003 KAR 3344. On this aspect of the mattr.=.\ufb01’ theiiltew  <\/p>\n
now well settled in View of the .H0n’ble  <\/p>\n
upholding the View taken by a Divi;~aio1iA_’   _<\/p>\n
in Civil Appeal Nos.61o+\u00a23t1:2,(;zoo4′,  on * T’<\/p>\n
13.3.2008.\n<\/p>\n
C-0
\n?\n<\/p>\n
E
\n5<\/span>
\n5′
\nE
\na<\/p>\n
u. 1 4. ; , I *   the paper
\npu’Diicat1’on_  Vt impugned in this
\npetition in  6:?  xt\u00a7ect:ion 29 of the Act
\nwithout tl1_Ve_’ __t!1ej Gourt cannot be sustained
\nand the”   quashed. However, in the<\/p>\n
pe\ufb01tipn. jtagir  tttpci\u00e9ugiiaer has indicated that the 2nd<\/p>\n
 V’  has  No.46] 02 under See\ufb01on 31 gr<\/p>\n
   mgaltl. Lhe Law is  aett_.L=.d. that the<\/p>\n
 w,..u.1d :’;’.’.’3!\u20ac tee Ii…-:r*..y m ”  against the ba\ufb01ower<\/p>\n
3″”   the provisions contained in Section 31 of<\/p>\n
” 5 “the: Act<\/p>\n
1<\/span>
\nZ?\n<\/p>\n
Accordingly. the petition stands disposed ‘of  ‘<\/p>\n
ordcraataooosts. T  <\/p>\n
r
\n3<\/span><\/p>\n
E
\n*-:<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Smt Meenambal vs Karnataka State Financial … on 27 March, 2008 Author: A.S.Bopanna IN THE HIGH coum’ op’ KARNATAKA AT ‘ DATED THIS THE 27TH DAY an ” BEFoRE E. THE HON’BLE MR. Jigs-TjcE A 3 EQVPAEEA wan’ PETITION _No. 25754-gems BETWEEN : SMT. MEENAMBEL’ ‘.5.-7,10 LATE TO i:”\u00ab.’-‘-‘.;’.E{9..\u00bb’I’-!’c”.’I’E*I-.:’\u00a3N” _ ‘ AGED […]<\/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-200213","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nSmt Meenambal vs Karnataka State Financial ... on 27 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\/smt-meenambal-vs-karnataka-state-financial-on-27-march-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smt Meenambal vs Karnataka State Financial ... on 27 March, 2008 - 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