{"id":215841,"date":"2008-07-11T00:00:00","date_gmt":"2008-07-10T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-shubha-chandi-griha-vs-official-liquidator-of-the-mysore-on-11-july-2008"},"modified":"2018-05-25T14:34:21","modified_gmt":"2018-05-25T09:04:21","slug":"ms-shubha-chandi-griha-vs-official-liquidator-of-the-mysore-on-11-july-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-shubha-chandi-griha-vs-official-liquidator-of-the-mysore-on-11-july-2008","title":{"rendered":"M\/S. Shubha Chandi Griha vs Official Liquidator Of The Mysore on 11 July, 2008"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">M\/S. Shubha Chandi Griha vs Official Liquidator Of The Mysore on 11 July, 2008<\/div>\n<div class=\"doc_author\">Author: K.L.Manjunath &amp; B.V.Nagarathna<\/div>\n<\/p>\n<pre><\/pre>\n<p>&lt;3SP:.No.33.2OCV?<\/p>\n<p>IN &#8220;ma HIGH comm 01:&#8217; KARNATAKA AT BANGALORE<br \/>\nDATED THIS THE 1 1TH DAY OF ~<br \/>\nPRESENT m_  1 &#8221; s<br \/>\nTI-IE HONBLE Mnausfritig&#8217;  A&#8217;<br \/>\nTHE HON&#8217;BLE MRS;J\u00a7\u00a7a*r1c\ufb01i B.32*.1NAvr3A&#8211;\u00a7\u00a7 A*1*HiuA<\/p>\n<p>V  ~.Q.S.A&#8217;.&#8217;NRE_.\u00bbw&#8211;._ <\/p>\n<p>V  % % &#8216; &#8230;APPELLAN&#8217;I&#8217;<\/p>\n<p>(By S21;&#8217;::.,mi&#8221;cHAN\u00a7:\u00a7:AsHEKAR, ADV.)<\/p>\n<p>  i&#8217; &#8220;&#8221;&#8221;_&#8221;v:)1:&#8217;i?i(f:1AL LIQUIDATOR mi&#8217; TI-IE MYSORE<\/p>\n<p>. KERLOSKAR LTD., ATTACHED T0 HIGH COURT<br \/>\n &#8220;OF KARNATAKA, &#8216;D&#8217; WING, 4TH FLOOR<br \/>\n3 KENDRIYA SADAN, KORAMANAGALA<br \/>\nBANGALORE &#8212; 560034.\n<\/p>\n<p>&#8216; 2 M\/SINDUSWIAL DEVELOPMENT<\/p>\n<p>BANK OF INDIA<br \/>\nNGL58, MISSIGN ROAD<br \/>\nBANGALORE.\n<\/p>\n<p>3 M] S I F&#8217; C I LTD<br \/>\nCUBBONPET MAIN ROAD BANGALORE<\/p>\n<p>4 M\/S ICIC\u00a7 BANK<br \/>\nICICI BANK TOWER<\/p>\n<p>OSZLNQ. 33.2007<\/p>\n<p>NO. 1, COMMISSARIAY RROAD<br \/>\nBANGALORE ~ 560025<\/p>\n<p>5 BANK op&#8217; BARODA<br \/>\nINDUSTRIAL FINANCE BRANCH  1 ~<br \/>\nBOMBAY SAMACHAR MARG  :\n<\/p>\n<p>FORT,  &#8216; ~ &#8221;\n<\/p>\n<p>MUMBAI&#8211;400023<\/p>\n<p>6 BANKOFINBIA _   ,<br \/>\nCORPORATE BANKING. &#8220;RANCH   I<br \/>\n70&#8212;80,M.G.RoAD &#8221;\n<\/p>\n<p>MUMBAI\u00bb400023\u00e9_<\/p>\n<p>7 SMALL INDUSTRIES DEVELQPMENT BANK OF INDIA<br \/>\nNARIMAN BI~IAvAI\\I;   I<br \/>\nNO.2_?.&#8217;3&#8242;,_V_&#8217; K SHAII MA-R.Gv  ,_<br \/>\nNAR1MA\u00a7&#8217;J'&#8221;I?UINT   V V<br \/>\nM\u00a5JMEAI544f)G{)2\u00ab1&#8217;j&#8217;&#8211; _ . &#8221;<\/p>\n<p>3  &#8216;I STATE BAIIII OF}-NDIA&#8221;&#8221;&#8221;&#8221;<br \/>\n oVE&#8217;RsEI5s\u00ab.BR.AN.r;II. ;<br \/>\n&#8220;r_NEP DEVEISQNI  I&#8217; I.\n<\/p>\n<p>ALMAS {1EF-I&#8217;FER,&#8211;._I\\r&#8217;E.&#8221;G.ROAD<\/p>\n<p>BANVGALORE&#8217;._v I <\/p>\n<p> &#8216;mm I?-I\u00e9eislraatixrr<\/p>\n<p> MYSORE KIRLOSKAR KARMIKAR<br \/>\n HITARAKHANA SANGHA<\/p>\n<p> &#8211; ._&#8217;fo_Iv? PQ_S&#8217;I&#8217; OFFICE HARIHARA.<\/p>\n<p>&#8216;  M I%I1RLosI&lt;AR OIL ENGINES LTD<\/p>\n<p> REG &#039;OF&#039;F&#039;ICE:LAXMAN RAG KRLOSKAR ROAD<br \/>\n&quot; __\u00a7uNE~4110o3<\/p>\n<p> &#039; .  M\/S KIRLOSKAR INSTITUTE OF ADVANCED<\/p>\n<p>MANAGEMENT STUDIES<br \/>\nREG OFFICE AT YANTRAPUR<br \/>\nHARIHAR-5776028<\/p>\n<p>12 V R MUZUMDAR S\/O LATE R K MUZUMDAR<br \/>\nSINCE DEAD BY HIS LRS<\/p>\n<p>12(A) sm&#039; PREMA MAJUMADR<br \/>\nw\/0. LATE V R MAJUMDARE AGED ABOUT<br \/>\n53 YERS<\/p>\n<p><span class=\"hidden_text\">16<\/span><\/p>\n<p><span class=\"hidden_text\">17<\/span><\/p>\n<p>I8<\/p>\n<p><span class=\"hidden_text\">19<\/span><\/p>\n<p>OSELNO. 33.2007<\/p>\n<p>A S JAMIHAL<\/p>\n<p>S\/O LATE SRINIVAS RAD H, JAMIHAL <\/p>\n<p>R\/O J&#8211;13, M.K.OF&#8217;F&#8217;1CERS COLONY<br \/>\nYANTRAPUR<\/p>\n<p>HARIHAR 577 602<\/p>\n<p>M N GURUNATH RAD<\/p>\n<p>S\/O M.N.AMBAJI RAG .  ~ *<br \/>\nR\/() .}&#8211;6, M.K.OFFICERS COLONY<br \/>\nYANTRAPUR *   .\n<\/p>\n<p>HARIHAR 577602<\/p>\n<p>S PADMANABHAN  *  <\/p>\n<p>S\/O LATE S S&#8217;HETH&#8217;UMg\u00a7Dl?EA&#8217;JAf2.g#.O<br \/>\nR \/0 3- 1 1\/1, M.K;_0:r\u00ab&#8217;1a*zCI3:RS. CGLGNY<br \/>\nYANTRAPUR<br \/>\nHARIHAR&#8217;-~57&#8217;Z602<br \/>\nM&#8217;MANJU\ufb01_ATE~i;-\u00ab.._  \u00a7<\/p>\n<p>sic} i&#8217;i?.IU.KAI\\k NAPRA&#8230; &#8221; <\/p>\n<p>&#8212;- %1R;,0~V,3&#8211;5&#8217;Es;.; M.K,0FFzC:3Rs&#8217;5coLoNY<\/p>\n<p>YANTLR-.APU.R .\n<\/p>\n<p> I*&#8217;iARVIHARV-5.&#8217;f?V&#8221;  &#8216;<\/p>\n<p><span class=\"hidden_text\">20<\/span><\/p>\n<p>in VARAVDA:f\u20ac;3JA::_&#8221;.E?AO<br \/>\ns\/0 RAGHAVTENDRA RAO<\/p>\n<p>&#8216;V &#8220;R\/O J+39,,&#8217;M.;;.oFFIcERs COLONY<\/p>\n<p>&#8216;  ~.YA1S{TRAPUR<br \/>\n &#8216;HARE&#8217;-EAR-577 502<\/p>\n<p> Sziv. M ~T:\u00a7x\u00a71N1vAs<br \/>\nV. S\/&#8221;Q &#8216;LATE I{.P.KANARAN<br \/>\n A Rje J&#8211;36<\/p>\n<p>M.K.OFFICERS COLONY<\/p>\n<p>&#8221;  YANTRAPUR<\/p>\n<p><span class=\"hidden_text\">22<\/span><\/p>\n<p><span class=\"hidden_text\">23<\/span><\/p>\n<p>HARIHAR 577 602<\/p>\n<p>S [-3 SHAMBANNA<\/p>\n<p>S\/G S.B.PU&#8217;I&#8217;TAPPA<\/p>\n<p>R\/O J&#8211;56\/ 1 11<br \/>\nM.K.OF&#8217;F&#8217;ICERS COLONY<br \/>\nYANTRAPUR&#8217;<\/p>\n<p>HARIHAR 577 602<\/p>\n<p>S M KRISHNAMURFHY<br \/>\nS] O LATE S MADHAVA RAG<\/p>\n<p><span class=\"hidden_text\">24<\/span><\/p>\n<p><span class=\"hidden_text\">25<\/span><\/p>\n<p><span class=\"hidden_text\">26<\/span><\/p>\n<p>R] O J~8<br \/>\nM.K.OFFICERS COLONY<br \/>\nYANTRAPUR<\/p>\n<p>HARIHAR 577 602<\/p>\n<p>M N GURUNATH RAO  _<br \/>\nS\/O M.N.AMBAJI RAG &#8216; &#8221;\n<\/p>\n<p>R] 0 we<\/p>\n<p>M.K.OF&#8217;F&#8217;ICERS COLONY<br \/>\nYANTRAPUR *<br \/>\nHARIHAR 577 602<\/p>\n<p>M N MAJATHESH ,<br \/>\nS\/0 M.N.AMB&amp;J_I:&#8217;RA()<\/p>\n<p>OSANO. 33.2007<\/p>\n<p>12\/ O SUSHILAMBAO_NIV.5\u00a73l&#8221;  <\/p>\n<p>A BLCECK   _<br \/>\nVIDYANAQAR  .\n<\/p>\n<p>HAR_IVIjIAl{L5&#8217;Z?.65)2X_&#8217;   &#8221; <\/p>\n<p>GE}::rI~:&#8217;A 1\u00a7A0.:h}ii,&#8217;z~{  <\/p>\n<p> &#8211;W,1 of &#8216;M.NI&#8217;ii3;EJ RU NAT-H MO<\/p>\n<p>V,M.&#8217;&#8211;K.OFFfC-ERS OQLONY<\/p>\n<p>\u00a5ANTRAs?URy.\n<\/p>\n<p>HA\u00a71&#8217;r1AR&#8217;57-z_5o2.OV<\/p>\n<p>M N MOHAN .\n<\/p>\n<p>&#8216; 2,3\/O..M.N.AMBAJ1RAO<br \/>\n_ R10&#8217; J~&#8211;,S1<br \/>\n&#8216;M.&#8217;2:.&#8217;OOFF\u00a3OERs COLONY<\/p>\n<p>H %*:&lt;ANTRAPUR<\/p>\n<p>23 ~<\/p>\n<p><span class=\"hidden_text\">29<\/span><\/p>\n<p>:;1AR;j:iAR 577 502<\/p>\n<p> l3:.R.(SM&#8217;I&#8217;) G C SHILAJAKSHI<br \/>\n&#8216;w\/O DR. MALLIKARJUN<\/p>\n<p>R\/O 49<br \/>\nAYYAPPA COLONY<br \/>\nYANTRAPUR<\/p>\n<p>HARIHAR 577 602<\/p>\n<p>DR MALLMARJUNA<br \/>\nS\/O S NAGAPPA<br \/>\nR\/O No.49<br \/>\nAYYAPPA COLONY<br \/>\nHARIHAR 577 602<\/p>\n<p><span class=\"hidden_text\">30<\/span><\/p>\n<p><span class=\"hidden_text\">31<\/span><\/p>\n<p><span class=\"hidden_text\">32<\/span><\/p>\n<p><span class=\"hidden_text\">33<\/span><\/p>\n<p><span class=\"hidden_text\">34<\/span><\/p>\n<p>OSELNO. 33.2007<\/p>\n<p>R V BHAKTHVATHSALA<br \/>\n3\/0 H VENKOBA SHE&#8217;??? ; &#8216;<br \/>\nR\/O BALAJI RICE INDUSTRIES compougm   n<br \/>\nSHIVAMOGA ROAB  *  &#8216; 2 %<br \/>\nHARIHAR  &#8216;<br \/>\nHARIHAR 577 502   <\/p>\n<p>R V KRISHNAMURTHY<\/p>\n<p>s\/0 R VENKOBA SHETTY .   V :<br \/>\nR\/O BALAJI RICE INDEI &#8220;&#8216;\u00a3RIES&#8221;&#8216;COMPOUND&#8221;<br \/>\nSHIMOGA ROAD   &#8221; ..  ~<br \/>\nHARIHAR 577 692<\/p>\n<p>B U RAJSHEKAR&#8217;-$5\/O &#8216;B \u20ac&#8217;. UMAfFfA&#8217;1&#8217;HY<\/p>\n<p>SINCE DEAD BY HISVFATHER-.._  <\/p>\n<p>B C U\u00bbam:.aTHY,si&#8217;o..:;AT:?,_:?_ S CSHANNABASAPPA<br \/>\nNO. 1 19,&#8217;52~.PA~NDaN1?. Mice. A BLOCK,<br \/>\nDAVA.N(3EE?&#8217;Ew_5?&#8217;f am &#8216; <\/p>\n<p>B c&#8217;cHA\u00a7e&#8217;}{)RA3H\u00e9i{AEAPP1&#8242; \\} V<\/p>\n<p>~S]&#8221;G;~L\ufb01;&#8217;:l&#8217;E B?-IS CAIYINABPASAPPA<br \/>\n19002 &#8216;:~a:)&#8230;;9s9;\u00ab.Mcc ABLOCK,<\/p>\n<p>BAVANGERE.-.5?76Q4,_.<\/p>\n<p>B SH1vA1{ti1\u00bb1Ai2:.\u00ab&#8217;%&#8217;<\/p>\n<p>&#8216; &#8220;SI  &#8216;BS C-ANNABASAPPA<\/p>\n<p> REAR WA&#8217;I&#8217;ER._TANK, MCC A BLOCK<\/p>\n<p>3?&#8217;<\/p>\n<p>GERE 577604.\n<\/p>\n<p>   NAT!-i<br \/>\n&#8216; S] 9;; is M SIDDAIAH BASAPPA<\/p>\n<p>BUSINESSMAN, NO.446\/ 1,8TH MAIN<br \/>\n CROSS, P J EXTENSION,<\/p>\n<p>&#8221; .;:,\u00e9xvANGERE 577604.<br \/>\n* U L VANISHREE<\/p>\n<p>DI O.U LOKAMURTY<br \/>\nDAVANAGERE ROAD,<br \/>\nJAGALUR, DAVANGERE (DIST)<\/p>\n<p>B C UMAPATHY<\/p>\n<p>S] O.LATE P S CANNABASAPPA<br \/>\n190.1991, SPANDANA,<\/p>\n<p>MCC A BLOCK, DAVANGERE 577602.<\/p>\n<p><span class=\"hidden_text\">38<\/span><\/p>\n<p><span class=\"hidden_text\">39<\/span><\/p>\n<p><span class=\"hidden_text\">41<\/span><\/p>\n<p><span class=\"hidden_text\">42 <\/span><\/p>\n<p>OSA.No.33.200&#8242;?\n<\/p>\n<p>B U CHANDRASHEKAR<\/p>\n<p>S\/0.8 C UMAPATHY<\/p>\n<p>140.1991, SPANDANA, MCC A BLOCK,<br \/>\nDAVANGERE 577604.\n<\/p>\n<p>B U PRAWN s\/0 B (3 UMAPATHY ,<br \/>\nSINCE DEAD BY ms FAT1a;~:i*.R~&#8211;sR1   &#8221;<br \/>\nB C UMAPATHY s\/0. LATE P  CHA-NNABASAPPA.<br \/>\nNO. 1991, SPANDANA, MCCA :3L&#8217;0cK*  \u00bb _ . &#8221;<br \/>\nDAVANGERE &#8211; 5775c4_.&#8217;_    A.<\/p>\n<p>U L RAJESWARI <\/p>\n<p>D\/cw LOKAMURTY  &#8216;<br \/>\nDAVANAGEREFIOAQ&#8217;;  ,_ ,<br \/>\nJAGALUR, DAVANGERE{.DIS&#8217;F}.f  &#8216;<br \/>\nP R KADE-R . &#8221;\n<\/p>\n<p>s\/o.1?:ANgAPPA 1 A<br \/>\nJ-45\u00bb; &#8220;M  Qr.FFICEF?&#8211;S CWONY<br \/>\nYAiN&#8217;FR;iiPUR&#8217;-.POS3&#8242;,A *  V&#8217; &#8216;&#8211; <\/p>\n<p>V&#8221;\ufb01AR\u00a3H}&#8217;xi?.:\u00a7?T\u00a702. &#8216; &#8216;-<\/p>\n<p> SI O.LA.T1e:\u00ab .&#8217;sANNA&#8212;&#8216;rH..Ih}1MA1AH<\/p>\n<p>J~._28, M K O&#8217;FFICEs1RS COLONY<br \/>\nYANTRAPU.R &#8216;;?O&#8217;.~;\u00ab..- &#8216;,<\/p>\n<p>  &#8221; HARIHAR&#8217;5&#8217;??602.\n<\/p>\n<p> .sREEr\u00a7&#8217;ii?AsA RAO<br \/>\n CEJEATE VITTOBA mo<\/p>\n<p> .VNQ&#8217;;9.1&#8217;9\/ 2A~15,<\/p>\n<p><span class=\"hidden_text\">45<\/span><\/p>\n<p>OLB P'()S&#8221;I&#8217; DFFICE ROAD,<\/p>\n<p> K B\u00a7&#8217;.Ex*rENsI0N,<br \/>\n&#8221; QAVANGERE 577002.\n<\/p>\n<p> VI&#8217;I&#8221;1&#8217;AL TULUJARAMSA<\/p>\n<p>s\/ O.LA&#8217;I&#8217;E TULUJARAMSA<br \/>\n110.301, IST MAIN, 9&#8217;I&#8217;I-i CROSS,<br \/>\nH s EXTENSION,<\/p>\n<p>HARIHAR 577601.\n<\/p>\n<p>A G NARASAPUR<\/p>\n<p>S] 0.(3~UNDURAO<\/p>\n<p>J-48, KIRLOKAR COLONY,<br \/>\nYNTRAPUR POST,<br \/>\nHAREHAR 577602.\n<\/p>\n<p>OSA.N0. 33.2007<\/p>\n<p>46 A P DIXIT<br \/>\nS\/OPANBURANGA S DIXIT<br \/>\nNCL49, 4TH MAJN<br \/>\n3RD COSS, SHANKARNAGAR,<br \/>\nMAHALAKSHMI LAYOUT,<br \/>\nBANGALORE-96.\n<\/p>\n<p>(By Sri: DEEPAK FOR _ (31,,  Co. for<br \/>\nR12,13,15, 17,18,2o,21,26   Adv.<br \/>\nfor R19,22,23, an 25, s;1i,K\u00bb.Raghaven:1xsa, Ran, Adv.for<br \/>\nR29,30,36,42,32,33,34,35,3&#8217;7 as-$9, &#8216;3;-i.Ma11e&#8217;s1i, Adv. for R9<br \/>\n&amp; 10, sri.G.K.v.M&#8217;m5:hy&#8217;\u00ab\\ &amp;;{_&#8217; v,P.&#8221;E;Um:;sh, Adv. for R5,<br \/>\nSri. K.B.Na.tayanasWamy-T. Adv; &#8220;fair _.M.&#8217;CL.&#8217;N81_.asimhan, Adv. \ufb02air<br \/>\nR40,41,44 av. 45, S1iF3.&#8217;B..()nn&#8217;t1fa:;torV Agiih &#8221; for R8, Sri.Pmkash<br \/>\nSalmani, Advgfqr Rll 1(1)&#8221;; ti) E)&#8221;a1L&#8217;ivS1i.K.Sub1&#8217;axnanya, Adv.<br \/>\nfor o\ufb02&#8217;ene1f)V   ..\n<\/p>\n<p> &#8220;Cc1z;1}\u00a7.*ei  AppL&#8221;.U.E:li&#8221;1f has \ufb01led the above appeal<br \/>\nunder Scc\ufb01cn. \u00e9\u00a783Vof.\ufb021c:__Co1r31panics (Court) Act, against the<br \/>\nOrcler (fated 14.,&#8221;V07.:2Q06&#8217;p:q.ssed in (3.2% No.&#8217;763\/2005 in (.30.?<br \/>\nNo. 16612301 and &#8216;scf=aSisie the older of the learned single<br \/>\njudge passed ix; {&gt;r,L.R!&#8217;No.736\/2006 dated 16.11.2007&#8217; in<br \/>\nCan? No.1\u20acv6,_lf20\u20ac)1 and etc.,<\/p>\n<p>   on for _ORDERS on this day,<\/p>\n<p>A ; &#8216;MAN5JUNA_Tii___J, delivered the following\u00bb .<\/p>\n<p>JUDGKEHT<\/p>\n<p>&#8216; ~.  Thbugh the matter is posted for admission, by consent<\/p>\n<p>&#8216; 1*\u00bb  &#8216;gimme pariah 3 the matter is beam on merits.<br \/>\n  The appellant is chalkzngng the legality a\ufb02d<\/p>\n<p> correctness of the order passed by the Learned Company<\/p>\n<p>Judge on 14.7.2006 in COP.No.166\/:\u00ab&#8217;;O01 and on<\/p>\n<p>16.1 1.2007 in ()LR.No.&#8217;?36\/2006 in CO1&#8242;-&#8216;.No. 166\/2001.<\/p>\n<p>6%\/.\n<\/p>\n<p>C}SA.N-:&gt;. 33.2007<\/p>\n<p>3. We have heard the learned counsel for the appellant<\/p>\n<p>and Sri.Deepak for (LL.<\/p>\n<p>4. The facts leading tn the  this&#8217;. veixz Hasu&#8217;<\/p>\n<p>under:\n<\/p>\n<p>C.A.No.763]2005 was  bg\u00e9mev  A<\/p>\n<p>under Section 457(9)&#8217; of the  Act; &#8211; 1.95.6; lead with<br \/>\nRake of the Companies  requesting the<br \/>\nCompany Jiidge    the highest bid<br \/>\no\ufb01ereati to.   of land and<br \/>\nbuilding,    assets, furniture and<br \/>\n\ufb01xt1ii&#8217;e_s   and the building wherein<\/p>\n<p>Bank ofih\ufb02ahara. ,  at Hanh ara.<\/p>\n<p>\u00bb  ._:&#8217;l&#8221;he. herein offered 70 crozes to purchase the<\/p>\n<p> r   the company in liquidation M15 Mysoie<\/p>\n<p>  Harihara. Learned Company Judge<\/p>\n<p>it &#8221; ennsiiie\ufb01ng the application of the O.L noticed that the o\ufb01er<\/p>\n<p> V  by the appellant for 70 crates was the highest and that<\/p>\n<p> the apyeliant herein in teams of his o\ufb01er, pursuant to the<\/p>\n<p>order of the 0.1., did not deposit 25% of the bid amount<br \/>\nwithin &#8216;Ir&#8217; days from the date of xeceipt of the in\ufb01mation on<br \/>\nthe ground that there were certain. litigation pending in<\/p>\n<p>(V.\n<\/p>\n<p>OSELNO. 33.2007<\/p>\n<p>-19..\n<\/p>\n<p>respect of the quarters in occupation of the empIo3*ee3 of the<\/p>\n<p>company in liquidation. Considering the  i\u00e9iiepnte<\/p>\n<p>about the title of the company in respect (Sf<\/p>\n<p>machinery and the land and bt\ufb01lsii;x1g   AV <\/p>\n<p>suits are pending for speci\ufb01c the<br \/>\nthe bid was not<br \/>\napplication filed by.\u00bb the  &#8220;-re3&#8217;ected&#8221;&#8216;by5\u00a7the learned<br \/>\ncompany Judge.   submittw by<br \/>\nthe 0.1. in  }f;ei&#8217;n1ission of the court<br \/>\nto sell    liquidation. Learned<br \/>\nby eei\ufb01tefaerv 15.1 1.2007 considering<br \/>\nthe permitted the 0.L to notify the<br \/>\nassets   sale under two lots: (21) plaint and<\/p>\n<p>vmigehinexy,   ____  buiidings, furniture and \ufb01xtures,<\/p>\n<p>\u00bb&#8217; \ufb02vehieles  one lot and (b) the en\ufb01xe landed property<\/p>\n<p> ._   company except the quarters in respect of<\/p>\n<p> are pending in one lot.\n<\/p>\n<p> &#8216;E4&#8217;: Mr. S.M.Chand1ashekar, learned counsel for the<\/p>\n<p> appellant contends that the learned company Judge has<\/p>\n<p>committed an error in rejecting the applica\ufb01on of the CLL<br \/>\nand according to him Company Judge further committed an<\/p>\n<p>error in dixecting to sell the properties unzier two kam as per<br \/>\nW<\/p>\n<p>&#8220;&#8221;&#8216;;-\n<\/p>\n<p>OSA.No.33.2007<\/p>\n<p>$12..\n<\/p>\n<p>\/occupants of the quartoxs of the company. Thox\ufb02r\u00e9fom, he<\/p>\n<p>brought to the notice of all the concerned  &#8220;in<\/p>\n<p>nespect of the concerned p\ufb02xtion of the  <\/p>\n<p>subject to the \ufb01nal outcome \u00a75f&#8221;Mthc\u00ab   7. AV<\/p>\n<p>appiications. it was also  nfzhc  of <\/p>\n<p>concerned that M\/s Kirlosks-a:f&#8217;~Q\ufb02 Eogioosi   <\/p>\n<p>letter dated 28.4.2OQ5..Vadd;esoo\u00a7i&#8211; is informed<br \/>\nthat that six machinos  &#8216;Erase to the Mysore<br \/>\nKirloskar Limigd,   .V}iqi;..#t&#8217;i&#8217;ai:ion. The list of<br \/>\n    on lease by M\/s<br \/>\n  were mentioned in the<br \/>\n  that the sale proceedings in<br \/>\nrespectVVV&#8217;ofVVV2\u20ac)\u00bbi1t3;&lt;:\u00a5;iuding the KEAMS Buildings (which<\/p>\n<p>}_:1\u00a3:1\u00a2i\u00a7:gV_is a Iitta!iy..Exc1udcd from the sale and the adjacent<\/p>\n<p>&#039;  be subject to the orders of the company<\/p>\n<p>H *  by M\/s. Kirloskar Institute of Advanced<\/p>\n<p> Studies.\n<\/p>\n<p>  From the above clari\ufb01es&#8217; tion, it is clear that the parts&#8221; s<\/p>\n<p> have par\ufb01cipatcd in the salt accepting the terms and<\/p>\n<p>conditions of the sale noti\ufb01cation, as published in the paper<br \/>\nand also knowing the dispute as mentioned \ufb01n the<\/p>\n<p>clan\ufb01cation dated 10.5.2005. in other Words it is clear that<\/p>\n<p><span class=\"hidden_text\">69<\/span><\/p>\n<p>&#8230;&#8230;&#8230;.,&#8230;@m.mw <\/p>\n<p>C)SA.No.. 33 . 2007<\/p>\n<p>-14..\n<\/p>\n<p>bringing to the no\ufb01oc of the company oourt  non-<\/p>\n<p>deposit of the amount by the highest bidder.  b &#8216;   V<\/p>\n<p>11. The learned Company  <\/p>\n<p>has rejected the app\ufb01ca\ufb01oo of  :&#8217;O_.zL  V offer<br \/>\nmade by the appellant    be noted<br \/>\nat this stage by us&#8221;&#8221;tb{at  hebzein  not made<br \/>\nan application before  requesting the<br \/>\n  vf;o&#8221;v\u00a7\u00ab&#8217;\u00a7icposit R-3.70 crores<br \/>\nsubject;   V_&#8217;t;t\u00a7ie:;&#8217;.\u00a7iis;)utes pending before the<br \/>\n t   employees. when the<br \/>\n  by the appellant, accotding<\/p>\n<p>to us,&#8217;:.z;e  challenge the oniers passed by<\/p>\n<p>   qgggge in rejecting the application of the 0.1..<br \/>\n&#8216;A : zgpwllant has failed to deposit 25%, he has no<br \/>\n .  to \ufb01le this appeal. Similarly, he cannot<br \/>\n the order passed by the Company Judge in OLR<br \/>\n *  When the sale has not been accepted or<\/p>\n<p>  by the Company Court, it is for the Company<\/p>\n<p>Court to dizect the ().L how the property of the company has<br \/>\nto be sold in public auction in View of the pendency of the<br \/>\ndispute between the employees of the company in liquidation<\/p>\n<p>and the Company Judge has rightly directed the (LL to sell<\/p>\n<p>&lt;\u00a7&#039;\/<\/p>\n<p> g3ng$ iuV:\n<\/p>\n<p>OSA.N0.33.2007<\/p>\n<p>&#8220;15-\n<\/p>\n<p>the assets of the company in two lots. to avo&#8217;gd ..<br \/>\niitigation. if the Company Court using its <\/p>\n<p>further litigation has brought the pmper1.y_.cf  <\/p>\n<p>liquidation for sale, in rcspectlpf :1,1xA1{3.isput:-;d._ 1.:rs:\u00bb;_:c1:tit:\u00e9s_. .,g._g_ _j<\/p>\n<p> -&#8230;\\._cs\u20ac.-V \\..!:&amp;'{-E.&#8217;~(R-\u20ac='( Q &#8216;\\;~&amp; :13-&#8216;:~   <\/p>\n<p>According to us, this appeal is  ij&gt;Ii*tiit: <\/p>\n<p>pmceedings. In the result     cosf<\/p>\n<p>of Rs.25,0{)O\/&#8211;.\n<\/p>\n<p>   sdH,..\n<\/p>\n<p>Iu&lt;1&#039;9&#039;\u00b0<\/p>\n<p>Sd\/*<br \/>\nTudge<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court M\/S. Shubha Chandi Griha vs Official Liquidator Of The Mysore on 11 July, 2008 Author: K.L.Manjunath &amp; B.V.Nagarathna &lt;3SP:.No.33.2OCV? IN &#8220;ma HIGH comm 01:&#8217; KARNATAKA AT BANGALORE DATED THIS THE 1 1TH DAY OF ~ PRESENT m_ 1 &#8221; s TI-IE HONBLE Mnausfritig&#8217; A&#8217; THE HON&#8217;BLE MRS;J\u00a7\u00a7a*r1c\ufb01i B.32*.1NAvr3A&#8211;\u00a7\u00a7 A*1*HiuA V ~.Q.S.A&#8217;.&#8217;NRE_.\u00bbw&#8211;._ V [&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-215841","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>M\/S. 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