{"id":20116,"date":"2008-08-14T00:00:00","date_gmt":"2008-08-13T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/state-bank-of-mysore-vs-ms-surgical-and-pharmaceuticals-on-14-august-2008"},"modified":"2018-07-08T22:58:34","modified_gmt":"2018-07-08T17:28:34","slug":"state-bank-of-mysore-vs-ms-surgical-and-pharmaceuticals-on-14-august-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/state-bank-of-mysore-vs-ms-surgical-and-pharmaceuticals-on-14-august-2008","title":{"rendered":"State Bank Of Mysore vs M\/S Surgical And Pharmaceuticals … on 14 August, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
State Bank Of Mysore vs M\/S Surgical And Pharmaceuticals … on 14 August, 2008<\/div>\n
Author: Ram Mohan Reddy<\/div>\n
1\n\nIN THE HIGH COURT 0}? KARNATAKA,  \n\nBATE!) THIS THE 14TH DAY OF A{}G1JSTVv2{A)C$_ \"     \n\nBEFORE\n\nTHE HON'BLE MR. JUSTICE v.MoHJA_:~.I%':{ED:j?% k  _\n\nCOMPANY APPLICATi{3};fN().145Q Of%' 2%u5o79\n\n Q    \nCOMPANY 13,E\u00ab.'<1'_1_'1_j0rs1 NC), A35. OF 1978\n\nBETW BEN:\n\nSFATE BANK 'QF'~mfs0R~E  ._ \nMANDIPE'I',._.DAW\\NAGER'E_'.'3I~?1\u00a7NC\u00a7gH\nKARNATAKA4~572'i)_.{)_1 'R\/B ITS'-MANAGER '\n\nSR1. FiAMAK1'xN_TH '.;Ar\u00e9Nt;_s\/Q --SOMANATH\n\nA\/A 51 YEARS, 'SENiOR"'~!yiixNAGER, SBM\n\nMANDIPEIT', 9A'JAr\u00a2AGE~R_E~E3RANcH\n\nKARNATAKA672' 001. "   APPLICANT\n\n(B,:,\u00ab{sLmt: S s1i3vHf;;\u00a7;4a;, ADV.)\n\n M'}.s\u00abs'U\u00a7G1c2\u00a7L"'AND PHARMACEUTICALS co LTD\n\n(IN, LIQKIID)-~,. '\nam FLOOR, D as F WING\n\n "KEN[}RI.YA SADAN", KORAMAGNALA\n\nE?ANGALORE~56G 634\n\nA 5]" R\/B~ .\u00a3Z)FFICIAL LIQUIDATOR\n,A'r':*zxc:\u00bbiED TO THE HONBLE HIGH COURT 0;?\n\nEARNATAKA.  RESPONDENT<\/pre>\n
‘ (By Sri: DEEPAK FOR QL)<\/p>\n
THIS APPLICATKJN HAS FILED UNBER SECTION 5129
\nOF’ THE COMPANIES ACT, UNDER RULE 9 OF THE<\/p>\n
M<\/p>\n
COMPANIES(C\u20acI)UR’I’} RULES, 1959 R\/W sEC:’i\u00e9N” 3.1%
\nTHE \u00ab:31:-(2, PRAYING THAT TO DIRECT my; vC}FP’iC\u00a7AL
\nLIQUIBATOR TO PAY A SUM OEWRS. 32;54.,9?2′,u. WITH” <\/p>\n
FUTURE INTEREST ‘FILL THE DATE} 0? \u00abPAYMENT T’O~’THi3<\/p>\n
APPLICANT BANK IN THE INTEREST_\u00a33F*–..JL;s*r1CE%_M_A%;\u00a7;<\/p>\n
EQUITY.\n<\/p>\n
THIS APPLICATION CrjMING  ON -1\u00a5\u00a7(}}?\u00b0 \u00a7f\u00a7I\u20ac1\u00a7ERS,’V’<\/p>\n
THIS DAY THE COURT MADE”T:HE_ FoLLQw1N<3:<\/p>\n
This a1j2;33i:f;zg1tio3\u00a7.i_   of Mysore for<\/p>\n
a directi\ufb02ri \ufb01helfj:  Liquidator to pay<\/p>\n
  \ufb02ii\u00e9fest on me premise that<\/p>\n
the  has cirder dated 13–O6~2001 of the<\/p>\n
De13:t..LARt'3u\u00e90$}\u00a7ry;'  'T1;ii.)una1 in O.A.No.984\/1997<\/p>\n
 " \u00a33:)'f':se\u20ac1i1e:i'E.A_ upon the preliminary d\u20ac)CI'\u20ac\u20ac passed in<\/p>\n
   against the Company in liquidatiori. it<\/p>\n
is f2.1rti:e:'~,\u00a7:\u00e9ted that the Official Liquidator has received<\/p>\n
  RsL._.95,'GO.,00O\/– as sale consideratian, in the auction of<\/p>\n
A' *t;h*c:–A"\u00abpr<)perties belonging to the Company on 22-02-<\/p>\n
3<\/span><\/p>\n
2. In the reply to the appiicatiozi, __  _<\/p>\n
.v:~
\nLiquidator states that the claim 5:. _t;’\u00a3ia._ _gi:’zpp1ica;Qt__ –”  <\/p>\n
secured creditar was adjudicatedii T  ‘a(3\u00a7I;.it-‘;f:\u00a3i_ <\/p>\n
Rs.31,55,374\/- including i’1?_;1tz:;’est up}toV29}{3i3j-;2,QQ\u20ac\u00a7 m:[ *<\/p>\n
that the O\ufb01icial Liqz1idat_<_%\u00a7"'-.. ihag r\u00e9c\u00e9r\ufb01jmgfided for
\ndeclaration of the dmndb\u00bb.   %\n<\/p>\n
3. In the 1ig111~–. o;f  ;I.\u20acpV1;\\,’%’ v..”(‘)’.f the O\ufb02icial<\/p>\n
Liquidator,_.1\u00a71ot1\u00a7\u00a7ii1._g ftu\ufb02ngr S.L1IfLriVe$;’fEJr consideration in<\/p>\n
this app1i<3ai:i_0n_  -'disposed of.<\/p>\n
Sd\/-\n<\/p>\n
Judge<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court State Bank Of Mysore vs M\/S Surgical And Pharmaceuticals … on 14 August, 2008 Author: Ram Mohan Reddy 1 IN THE HIGH COURT 0}? KARNATAKA, BATE!) THIS THE 14TH DAY OF A{}G1JSTVv2{A)C$_ ” BEFORE THE HON’BLE MR. JUSTICE v.MoHJA_:~.I%’:{ED:j?% k _ COMPANY APPLICATi{3};fN().145Q Of%’ 2%u5o79 Q COMPANY 13,E\u00ab.'<1'_1_'1_j0rs1 NC), A35. OF 1978 […]<\/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-20116","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nState Bank Of Mysore vs M\/S Surgical And Pharmaceuticals ... on 14 August, 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\/state-bank-of-mysore-vs-ms-surgical-and-pharmaceuticals-on-14-august-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Bank Of Mysore vs M\/S Surgical And Pharmaceuticals ... on 14 August, 2008 - 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