{"id":224774,"date":"2009-04-23T00:00:00","date_gmt":"2009-04-22T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-kls-finance-and-investments-vs-s-nazeer-ahammed-so-s-abdul-basid-on-23-april-2009"},"modified":"2016-02-12T15:15:45","modified_gmt":"2016-02-12T09:45:45","slug":"ms-kls-finance-and-investments-vs-s-nazeer-ahammed-so-s-abdul-basid-on-23-april-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-kls-finance-and-investments-vs-s-nazeer-ahammed-so-s-abdul-basid-on-23-april-2009","title":{"rendered":"M\/S Kls Finance And Investments … vs S Nazeer Ahammed S\/O S Abdul Basid on 23 April, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
M\/S Kls Finance And Investments … vs S Nazeer Ahammed S\/O S Abdul Basid on 23 April, 2009<\/div>\n
Author: S.N.Satyanarayana<\/div>\n
IN THE HIGH comm' cm KARNATAKz\u00a7....__\"'   \nCIRCUIT BENCH A'? DHARWAD   '\n\nDATED mis THE 23% DAYMQF ApR11;~2:t>ja9\"'f 4- _ _: \"\n\nBEFC}RE .__ ' _\nTHE 1~i0N='BLE MR.JUSTi.\u20ac3E.__.VS. i\u00a7\".A.$AT';'Ar;;\u00a7Rg\u00a7:f;\u00a7sN3\u00a7; \nCIVIL REVISION PE'1*1'1VI\"*I<*..w.'\ufb02IV_~I'_____._*~.I;V<::.2V2i::e.'\u00e9;\nBETWEER: .  _ %   \n\nM] s KLS Financc as Inve:VV$;t1i1*.:Vni;3  -Lid: 1 ., \nHaving its 1~eg1'st\u00a3:;t'v<2d o\ufb01\ufb01ce 'at~:; _ '   -  '\nKLS Co:e;3.p1ex;_'VBacii,  _  \nHospet,  \" ' V' \" '\nReprcseI1tei$_b3;f i\u00a7:s Man\n1:. ;;.__ ,\n\n_     PETI'I'i0NER\n(By Smt. V; T'\u00a2'1;:1ya,v'fo1* Sri, Raghavcndra Rao, ADV)\n\nAND:\n\n1. E' '  Nazec-3\ufb02Ah$mcd, S\/0 S. Abdui Basid,\n\"  Ag\u00e9:d_abou\"t' 56___\u00a7g\u00a2a;cs,\n. V S*si~pci'vj_sor Grade\u00bb 1, TSP Ltd.\n  Q1ia1i\u00a7:r$..No.15, O\ufb02\ufb01ai Colony,\n' RE...  Hospct, Bellaxy Dist.\n\n2;   B\u00e9kfnk\ufb01bas s\/'0 David Raj,\n about 58 ycam, TSP Ltd.\n{jgurartcrs No.15, O\ufb01ixial Colony,\n\nA'  TB Dam, Ho-spat, Eellary Dist. ...RESPC)NDEI'~\u00a5'I'S\n\n   This (ER? is filed US 13 ofliamataka Smali Causes Courts Act,\n\n to set aside the judgment & decree passed by the iemned Principal\n\n'   \"Civil Judge (Sf. Ba) &3MFC, hospet, in my :1c:.41f08 dated S.2.20\ufb029, and\n\n$0.\n\nThe CRPceming on fart admission this day, are cam'! \u00e9eiivered the\n\nfollowing:\n\n\n\nORDER\n<\/pre>\n
This revision is \ufb01led against the by .. <\/p>\n
trial court in respect of an un1egis*!\u00a7:red.._’$}j_if”i;1.: <\/p>\n
\ufb01led by the petitioner hcre\u00a7:a.4_ seeiiing’ t’ecoy,ze;y. :61′;  *’<\/p>\n
amount fmm the respondent  _ It   tizat the
\nplainti\ufb01 is a  : j1\u00a3aVes1@ei1fVvv company
\nregistere\u00e9 under the    activity of
\nthe Company;~vis’:\u00a7%r:{-\u00e9\u00e9sin\u00e9 its  The case of<\/p>\n
the  herein had taken<\/p>\n
a colour   the. plaintiff petitioner and since he
\nfailed te’ paj,-*VVmQ11ey*:a1*s  it became {me the said suit<\/p>\n
for ;ecqve1’\u00a7   i\u00e9ase amount was instimted. The<\/p>\n
. V.  Q\ufb01iee :,f'(;f “\ufb02ie  below rasised objeetimz regarding<\/p>\n
   the said suit stating that the transaction<\/p>\n
of  Company is that of money lending and the<\/p>\n
  \u00e9eemgany should mmish the certi\ufb01cate issued by the<\/p>\n
 cqliigaetent authority for \u00e9oing money leading business by<\/p>\n
  gkhe plainti\ufb01l The said trmmgstered suit was piaced before<\/p>\n
court to hear regarding maintainability and the court below<\/p>\n
after hearing the Co1m${:2 for the appellant has come to the<\/p>\n
W<\/p>\n
conclusion that there is violation in terms of   <\/p>\n
under section mo) of the Money Legiers Am’ ‘A <\/p>\n
herein and as such the suit filed    <\/p>\n
respondent herein is not m.ai:1t”a__i11abIe,_ <\/p>\n
2. Hear\u00e9 the  leaxneti”   the .-tiaetiticxzer.<\/p>\n
Pemsed the order. It  raised by the
\nO\ufb01cc: of the com belcfvttti\u00e9’    below also
\nhas     for deciding the
\n  by the petitioner herein.\n<\/p>\n
As ct\ufb01tid ._  ‘plead\u00e9ngs the activity of the
\npetiti<)I1ei"V..i::'\u00a7 to  .3330} to lend the same on him<\/p>\n
basie' and to Voczkctthizf-;: charges. It is not their case that the<\/p>\n
 ~ defe1\u00a7\u00e9ec\u00e9't  bcncttted money for purchase ofTV. What is<\/p>\n
  fmm the defendant is only hire '<\/p>\n
c1:ts:1fgesy  Atnot recovery of \u00a30311 amount. Under the<\/p>\n
"\u00bbciIt:zJ.m.s\u00a7t\u00e92nces, there was no reascm for the court below to<\/p>\n
 for itself that the transaction between p1:a1'nt:i\ufb01' and<\/p>\n
 hvvc\ufb02fefenciant is in the nature of money tending. Hence, the<\/p>\n
same is zecguireci to be set aside in this revision petiticn.<\/p>\n
'M1<\/p>\n
3. Accordingly, the crder passed by <\/p>\n
zmgaxwdiilg maintainability of the suit in  _ <\/p>\n
5.2.09 is set aside. The Trial  is -:’:o ‘gm:<\/p>\n
suit and procead with the suit on its ‘m\u00e9t\u00e9ts.<\/p>\n
sum     <\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court M\/S Kls Finance And Investments … vs S Nazeer Ahammed S\/O S Abdul Basid on 23 April, 2009 Author: S.N.Satyanarayana IN THE HIGH comm’ cm KARNATAKz\u00a7….__”‘ CIRCUIT BENCH A’? DHARWAD ‘ DATED mis THE 23% DAYMQF ApR11;~2:t>ja9″‘f 4- _ _: ” BEFC}RE .__ ‘ _ THE 1~i0N=’BLE MR.JUSTi.\u20ac3E.__.VS. i\u00a7”.A.$AT’;’Ar;;\u00a7Rg\u00a7:f;\u00a7sN3\u00a7; CIVIL REVISION PE’1*1’1VI”*I<*..w.'\ufb02IV_~I'_____._*~.I;V<::.2V2i::e.'\u00e9; […]<\/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-224774","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nM\/S Kls Finance And Investments ... vs S Nazeer Ahammed S\/O S Abdul Basid on 23 April, 2009 - 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\/ms-kls-finance-and-investments-vs-s-nazeer-ahammed-so-s-abdul-basid-on-23-april-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S Kls Finance And Investments ... vs S Nazeer Ahammed S\/O S Abdul Basid on 23 April, 2009 - 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