{"id":207426,"date":"2008-12-19T00:00:00","date_gmt":"2008-12-18T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sri-m-a-rajendra-so-late-m-s-vs-the-karnataka-state-financial-on-19-december-2008"},"modified":"2017-01-27T19:32:17","modified_gmt":"2017-01-27T14:02:17","slug":"sri-m-a-rajendra-so-late-m-s-vs-the-karnataka-state-financial-on-19-december-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sri-m-a-rajendra-so-late-m-s-vs-the-karnataka-state-financial-on-19-december-2008","title":{"rendered":"Sri M A Rajendra S\/O Late M S … vs The Karnataka State Financial … on 19 December, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Sri M A Rajendra S\/O Late M S … vs The Karnataka State Financial … on 19 December, 2008<\/div>\n
Author: S.R.Bannurmath & Gowda<\/div>\n
 - \/. \"N532:  \n\n13% THE HIGH CGURT OF KARNATAKA AT BANGAL{\u00a7RE\n\nDATE?) THIS me 19*\" DAY or-' DECEMBEPg,\u00ab~~2{@'8__A'4'ii \" \n\nPRESENT\n\nTHE HON'BLE MRJUSTICE :s}\u00a7. EBAN'NuIAMA~m \n\n& \n\nTHE HON'BLE MR. JUSTICE A.N.VEf\u00a7'UGOPA,\u00a3A'A.GOW'DAv \n\nwax? APPEAL NO.11S\u00bbi[V:' zoos (keM4\u00a7EAr-6; M \nBETWEEN: ''     \n\nSR1 M A RAJENDRA   \n\n5\/0 LATE M s ANANTHAPAA,    '\n\nAGED ABOUT 49--YRS_  V   A \nR\/AT M0369,     \nBCC LAYOUT,' v1JA\\;A;5:Az'3As?\u00a7 905?,  H \u00bb\n\nBANGALORE_:4G.g_  \n\n A A    AFPELUANT\n(BY M\/S.V'?1Qf-IAMVED Arngfgva ASSOCIATES, ADVS.)\n\nA :1,\" fig KARNATAKA STATE FINANCIAL CORPORATION\n\n A.TH1MMI%I\/Vi! ROAD.\n , N'EAaCAA:\"roNMEnT, BANGALORE.\n' REPRE\u00a7':ENTED BY ITS MANAGING DIRECTOR.\n\n2 E' ..[>EE1=:::_>1.:*w GENERAL MANAGER\nKARNATAKA STATE FINANCIAL coRPoRAT1o:\\:\n\n\" '  MYSORE.\n\n\n\nfor the loan availed by his wife -- fourth responden_t-.fren1\n\nthe \ufb02rst respondent. The fourth respondent3V\u00a7;.\"!a'o--rf'o\u00a7\\re.r.'--.<\/pre>\n
had committed defauit and thewtinit_rof”*~.tijeV*:fouVrtvhV V<\/p>\n
respondent was seized and <\/p>\n
respondent in exercise of its power tinder Sec”tioAa._’2v9iiet’ the  ”<\/p>\n
State Financiai Corporation   Vrvi\u00e9nit was
\nnoti\ufb01ed for sale on di\ufb01er\u00e9nt  was ultimately
\nsaid to the fifth, respondent  The fourth
\nrespondent  questioning the<\/p>\n
action of the   t\ufb01orporation. The writ<\/p>\n
petition: was”djisrr:Eseed\u00ab…on.,.___t’3.1.’O6.05 against which W.A. ‘<\/p>\n
No.1291}D.6″was’V..fii5ed iancivias dismissed on 12.09.03.<\/p>\n
Review~Petitiorvi-.vif\u00a2Vo’;38;t}’O\u00a3i’ was also dismissed on 7.11.08.<\/p>\n
r  ._2A.–.__”\u00abThea.Di3e!iant had \ufb02ied W.P. No.7511\/06 with a<\/p>\n
prayetr to  the acceptance of the offer of fifth<\/p>\n
‘.Vrespe’nden:t.Vt’o purchase the unit at Rs.26.20 Lakhs as<\/p>\n
 “..j_agAAain5t the assessed vaiue of Rs.35.00 Lakhs and for a<\/p>\n
 to respondents No.1 to 3 to consider the offer<\/p>\n
 “”r.VVV\u00a7\u00a5#en by the appeiiant vide Annexures-D and E. Taking<\/p>\n
\/”gt.\n<\/p>\n
into consideration the subsequent event, namel\u00a7’;\u00ab.:T:’t.he<\/p>\n
execution of the sale deed in favour <\/p>\n
purchaser on 08.06.06, the writ petition  ash<\/p>\n
having become lnfructuous, reeerefirie  <\/p>\n
petitioner. Assailing the saidiiorder pessed_Vb\u00a7(‘Attje~lee:rned”‘ 0<\/p>\n
Single Judge, this writ appeal V\ufb02ejsi\ufb01led. .<\/p>\n
3. The appellent’   to produce
\nadditional doouzeeet tne0jti\u00e9iomroi:’niicat:on from the
\nfirst respondent.  tlemanding payment of
\nas.2,7a,ss3\/;s(Absentee). \u00e9’._’I’.’A.:II\/O8 was filed to stay
\nthe  respondent was directed<\/p>\n
to file af\ufb01devlt expleintvngeis to howthe said demand was<\/p>\n
.–vV.’1mac!e~\u00a7.the”””ep.p–eilant. Sri.G. Nagaraja – General<\/p>\n
A”‘.__MeVneger,__”~Sotfth. Zone, of the first respondent –<\/p>\n
C:.orpo:’etto:i*.V–V!$;ee’tiled affidavits dated 05.11.08, 10.11.08 8:<\/p>\n
jV25.11u.0;8v”‘e\u00a2lso producing the statement of acceunts. The<\/p>\n
  iiiggwpellant N\ufb01led memo dated 19.09.08 producing the copy of<\/p>\n
 *–\u00ab.’th’e.,it:dgment dated 12.09.08 passed in W.A. No.1291\/06<\/p>\n
 enclosing the memo of calcuiations in respect of both<\/p>\n
the loan accounts of the fourth respondent with the first<\/p>\n
respondent. The appeliant aiso filed memo {Ldeted<\/p>\n
12.08.08, producing the communication <\/p>\n
received by the appeilant aiong with theV__s?i:atenjen_t’ <\/p>\n
account.\n<\/p>\n
4. We have heard”iS’ri,uMoharn’ed At:h’egj-!\u00bb..\u00a2.i.ea\u00a7;neVfd <\/p>\n
counsel for the appeiiant an_di:”‘:S:ri.~E$ipin.”i=!!:e\u00a7:de_,:? iearned<\/p>\n
counsel for the respond’en’:sAe\u00abnd;_perused”the records.\n<\/p>\n
5.  to.1…’the”vi’ii~ir\u00a7t.___V:’Vi)etition is dated<\/p>\n
04.0735, ‘– “of a representation of the<\/p>\n
appeiiant V\u00e9rddi*ess”e.d’Vto”th:e second respondent, wherein he<\/p>\n
 &_ nad\u00bb’-i?equ’estedV”to cpneider the fresh proposai of Rs.34.50<\/p>\n
 Leichs  one Mr. Ashanthakumar. Annexure-E<\/p>\n
  is the copy of a representation Mr.A.\n<\/p>\n
 Shahnthavkuniar addressed to the Managing Director ef the<\/p>\n
 “:j=.fitrsi:i:-respondent — Corporation, wherein it was requested<\/p>\n
\u00ab   reconsider the offer given by the eariier bidder in a sum<\/p>\n
 Rs.26.50 Lakhs and to accept his offer mi’ Rs.34.50<\/p>\n
Lakhs.\n<\/p>\n<\/p>\n
6. In the judgment dated 12.os..\u00abos,\u00bbVVv.iotmieo<\/p>\n
dismissing W.A. No.1291\/06 \ufb01ied by the  .. <\/p>\n
herein, with regard to the very sam\u00e9litissusl,
\nas foiiows:- :    ” ”  i\n<\/p>\n
18. However, taking’ __into considera’t\u00a7von.._’vt!1e
\nsubmissions made by v’53:i”:’V.h1ad’h-aifa'”Ready,<\/p>\n
lea med counsel. fat resp’on’t3a4r.tV’\u00bb’tio.4, Vite” d\u00e9em<\/p>\n
it appropriate to”a’dir’ectt._i’f}1V\u00a7; ti’5v’.V_r9.spondent to<\/p>\n
pay to the 3.” raspoijderat\ufb01or\ufb01oration a total<\/p>\n
sum   jiaichs ..:V(‘i-.\u00e9.,——Vw:the amount<\/p>\n
o”f’f\u00e9”r\u00e9dV?t7y  \u00a7}’.\u00bb..:Shantha’kumar, to purchase
\nthe”  oendency of the writ
\npetiti\u00e9ori vvb\u00e9foro’.thai\u00e9arned singie Judge) as<\/p>\n
; ‘ tho cons.i<_1e'ratio'n for purchase of the industrial
\nt:,.nit…'4"*"'raspondent shat! pay within a\n<\/p>\n
 —_pgfiod..’:’of_ six weeks from today to the 1″
\n r\u00e9sioondi\u00e9htt, towards borrowers ioan account,
\n the oi\ufb01erence amount of Rs.9.30 iakhs (i.e.,
\n“Rs;135.50 — Rs.26.20 =2 9.30 iakhs) aiong with<\/p>\n
” ”\u00ab._interest on 9.30 iakhs @ 12% 13.3. from<\/p>\n
  22.2.2005 til! the date of actuai payment. It is
\nma\u00e9e clear that after the remittance of the
\naforesaid amount by the 4″‘ respondent to the<\/p>\n
\/i<\/p>\n
15′ respondent — Corporation and <\/p>\n
adjustment to the loan account <\/p>\n
petitioner \/ appeiiant, if any amount__’rerne\u00a7_nst’4_<\/p>\n
in surplus, such amount-ishaii.   A
\nbe refunded by the respon:den_tse~ t’o~.3″t_o
\npetitioner \/ appellant,’ -This Verr’angers1v”en;tv:h_VaVs
\nbeen made by us tatkin\ufb01\u00bb intotcons\u00e9e’-ereagion<\/p>\n
the submission mede-. the ‘ieerned
\ncounsei for the”‘\u00abe”$.reLsp.ond”en’;t.::and also to
\navoid any inJuAs_tir;:e=,b’eing  to the<\/p>\n
appeiiant’.’-Ed.’-   _ <\/p>\n
7, ….  _pCZ’o.n’si’ii;eringjtbthve “di’smi\u00a7saI of the Writ Petition
\nand the writ the fourth respondent wherein<\/p>\n
the very e’er_fne..issne*\u00a7yitn”..’iregard to the sale of the unit in<\/p>\n
 favonirtvvoi’ the nfifthvrespondent herein was considered and<\/p>\n
 order.m\u00e9pde.__as noticed hereinabove, it cannot be said<\/p>\n
ttthat,’th’e’a”\u00a7’r;*ipAu\u00a7ned order passed by the learned Single<\/p>\n
V –V Jude:-:,..cvaiis’iior any interference.<\/p>\n
it   Though no interference is caiied for, we were<\/p>\n
‘  .._\/”,A:L$_t_.irprised with the demand of Rs.2,?8,563\/- made by the<\/p>\n
 V ifbfirst respondent vide Annexure–G. Hence, we\ufb01ailed upon<\/p>\n
\/<\/p>\n
the Corporation to \ufb01ie the affidavits explai*riV\u00a7r:;;j’L:’–.l:the<\/p>\n
position. The affidavits filed by the Genera-if::’Ma-na\u00a7er’.o’fA<\/p>\n
the first respondent ~– Corporation\u00bb..did–‘_” it<\/p>\n
correct calculations. The erroneous?’.’_ep’proa~g’h<\/p>\n
been adopted by the first reeoo-n_dent”~:_CorooratiVo’n'”in the” V<\/p>\n
matter of accounting of the rerruttances \/’ hayment by the
\nfourth and fifth res;$ondentsf’:~.’and’Vr’.’:_a.lVso_ calculation of
\ninterest, the erro*rv_cornrnitt’eti   the demand
\nmade as per  Thereafter, the
\nfirst respelident found that the appellant
\nis not:*.,_liabieAV.Vto’.pay .ai2$r_:”‘an1ount towards the two loan
\naccounts ‘ofuthel   to which he had stood<\/p>\n
as th;e”gAuarantor.Vavndeon the contrary as per the revised<\/p>\n
  _of..calAt*elatlon, the fourth respondent is entitled to<\/p>\n
certain sum. There is still a dispute with<\/p>\n
V if . regard toiithellactual amount which the fourth respondent is<\/p>\n
ifHK:”.v4A””‘V.t,.entitl’edVV’to be refunded with by the first respondent –<\/p>\n
‘Corporation. Since it is not the appellant who should get<\/p>\n
if  the refund and as he was only a guarantor and now that<\/p>\n
V if the Corporation has made it clear that the log amount of<\/p>\n
‘z<\/p>\n
the fourth respondent has stood discharged and th_’ai:f_i_’s<\/p>\n
entitled to be refunded with certain sum, <\/p>\n
proper to dispose of this writ” appealas4foll_o$}’&s”:’\u00a7:V’.’;v\u00bb  4′<\/p>\n
(F)<\/p>\n
(*5)<\/p>\n
No interference.yvithv\u00e9lthe. imp’u’g.ned’ <\/p>\n
passed by the leaiered Sing”ie_ ‘\ufb01oedgeiiviisfffcalled<\/p>\n
for.\n<\/p>\n
In View of:.tiie.jrfeaiis;;etioo7.”ioan amount by<\/p>\n
    u.\u00a7:o:t*.’i’nVV:’fovour of the fifth
\ny\u00a7:ae::?upheld by this Court in
\n‘1VVv.vV#:”.VN@L7s9f6.\/35′ vide order dated o1.o5.os<\/p>\n
” gand  in WA. No,.1291\/O6 dated<\/p>\n
 the first respondent – Corporation<\/p>\n
.  siiall not be entitled to proceed against the<\/p>\n
 .,.”.’:–~.,api5Ve.i’l’ant for realising any dues from him as<\/p>\n
‘  guarantor for the loan transactions of the<\/p>\n
1’ fourth respondent.\n<\/p>\n
 fan)<\/p>\n
since the fourth respondent is the wife of the<\/p>\n
appellant, in view of the corrective steps taken<\/p>\n
\\<\/p>\n
\/,5<\/p>\n
10<\/span><\/p>\n
by the \ufb01rst respondent – Corporation to –revise<\/p>\n
the calculations and consequentf’:’tof_:the<\/p>\n
judgment dated 12.09.03 passedv..\u00a7h’:.5’VJ..}\u00a7.\u00ab<\/p>\n
n:o.1291\/05, the firstarvespondentl}jcqrporatson x<\/p>\n
is hereby directed   <\/p>\n
recovered from respo:ndeht’V’and also”?<\/p>\n
the refundable inltermsi of the
\njudgment uiiaated’ ….iZ.O\u00a7\u00a7r98..j ‘aassed in W.A.
\nNo…;t291\/Q_6″ to  fovtu.rth7 reepondent, within a<\/p>\n
 ——–  _f;3e’riod;:_3of fo:u’r.vweeksV.from today.<\/p>\n
it iV\u00a7\u00ab..rna.de’ clear that, if the caiculations made and<\/p>\n
 &_ the’-tafnount refuncl._ed.~by the first respondent to the fourth<\/p>\n
‘ reepondent..tsnot in conformity with the actual liability of<\/p>\n
H fhrespondent towards first respondent –<\/p>\n
 Corporation. either the appellant or the fourth respondent,<\/p>\n
  afteaj pointing out to the first respondent, the error if any<\/p>\n
Ahiphlthe calculations and in the matter of the amount<\/p>\n
V’  refunded, if not properly accounted for and the grievance if<\/p>\n
any in that regard is not redressed, the fouliw respondent<\/p>\n
}…3
\n‘.\u00ab…|<\/p>\n
and the appeliant are at liberty to agitate the mgttjeif’-. 2<\/p>\n
with regard to the micwatien and the accourztjng\u00e9A!rj””\u00a3heV.$_” <\/p>\n
appropriate forum, in accordance with {awe  _:. I<\/p>\n
Writ appeal stands d\u00a5sgm_$edA’tf;”‘accord’in;;.\u00a7:y;V  .<\/p>\n
costs.\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Sri M A Rajendra S\/O Late M S … vs The Karnataka State Financial … on 19 December, 2008 Author: S.R.Bannurmath & Gowda – \/. “N532: 13% THE HIGH CGURT OF KARNATAKA AT BANGAL{\u00a7RE DATE?) THIS me 19*” DAY or-‘ DECEMBEPg,\u00ab~~2{@’8__A’4’ii ” PRESENT THE HON’BLE MRJUSTICE :s}\u00a7. EBAN’NuIAMA~m & THE HON’BLE MR. […]<\/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-207426","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nSri M A Rajendra S\/O Late M S ... vs The Karnataka State Financial ... on 19 December, 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\/sri-m-a-rajendra-so-late-m-s-vs-the-karnataka-state-financial-on-19-december-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri M A Rajendra S\/O Late M S ... vs The Karnataka State Financial ... on 19 December, 2008 - 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