{"id":228131,"date":"2009-11-13T00:00:00","date_gmt":"2009-11-12T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/c-jagadish-so-lt-chandrappa-vs-karnataka-state-finance-on-13-november-2009"},"modified":"2016-01-18T17:28:42","modified_gmt":"2016-01-18T11:58:42","slug":"c-jagadish-so-lt-chandrappa-vs-karnataka-state-finance-on-13-november-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/c-jagadish-so-lt-chandrappa-vs-karnataka-state-finance-on-13-november-2009","title":{"rendered":"C Jagadish S\/O Lt Chandrappa vs Karnataka State Finance &#8230; on 13 November, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">C Jagadish S\/O Lt Chandrappa vs Karnataka State Finance &#8230; on 13 November, 2009<\/div>\n<div class=\"doc_author\">Author: D.V.Shylendra Kumar<\/div>\n<pre> \n\n \n\n(R)\n\nIN THE HIGH COURT OF  \nAT BANGALORE    j_     \nDated this the 13\"? day Q\u00a3ANe\\4rem-bet'   \nBEFORIE:  I  I   I _ _ .\nTHE HON'BLE MR JUs'm;_1s: DOV  \"\nWrit Petition No. 291%? 2902; \nBETWEEN    A  \n\n1. C JAGADISH   \ns\/0 LATE _   -  '\n  for Petitioner;\n__  \"K_ Ra11};1eI:a11cIra1\"1,\u00ab ..A;I\\_r  as Amieus Curiae]\n\nAND \n\n1 . KAR;_\\iA:m1{A. SI'l\"A'I'EI \n AN'D\"OTI-IERS  RESPONDENTS\nI I 'IE';-3r,_MI\/s. Rudragowda, Gururaj Joshi\nand Anitha. Advs. for R1 &amp; R2;\nSri B M Siddappa, Adv. for R3]\n\n ._  IS FILED UNDER ARTICLES 226 AND\n\n227 OF '~CONS'l'ITUTiON OF INDIA PRAYING TU QUASH THE\n\n_ LEGAL JNOTEICE DT. 22\/27-02-2002 ISSUED BY THE 13'?\n 4 we RESPONDENT TO THE 2ND PETITIONER AS PER ANN EXURE-E AND\n\nI   PETITION IS COMING ON FOR FURTHER ORDERS,\n\n'   DAY, THE COURT MADE THE FOLLOWING:\n\n\n\n3.\u00bb. ,4'\n\nDVSKJ: W.P.NO.29182\/2002\n\n13.1 1.2009\nORDER\n<\/pre>\n<p>This is a story of the suffering of<br \/>\nborrowers from the KSFC who .particnIarigf&#8217;;V  dd&#8221;<br \/>\nthey are belonging to the lowerzstrata of<\/p>\n<p>and reveals as to what.rc4&#8217;p&#8221;&#8221;~~3{indV&#8217; of &#8211;..phvar&#8217;aVssment, &#8221;<\/p>\n<p>humiliation and disas_tro1its'&#8221;f&#8217;1n:anei_a1 consequences<br \/>\nare heaped on them, are a}.&#8211;17&#8217;Ve:&#8217;_3(_ttV1ie}1&#8242; &#8216;demonstrated<\/p>\n<p>in the present &#8220;E&#8217;?.&#8217;~&#8221;1 p\u20ac:tit.ie&amp;:.  at d<\/p>\n<p>2: A__ pers&#8217;on_v&#8221;whor,_ha_d- a driving licence with the<\/p>\n<p>fond hope&#8217; * of transport vehicle, had<\/p>\n<p> bor.r\u00a7\ufb01fedV a&#8221; of Rs.5.66 laiihs from the<\/p>\n<p> &#8216;res&#8217;por1dent\u00a7:C&#8217;corporation on 20.12.1996 under the<\/p>\n<p> scheme mooted by the<\/p>\n<p>  V&#8217;-.Corpo&#8217;1&#8243;_ation.\n<\/p>\n<p>&#8216;    The petitioner-borrower had made an initial<\/p>\n<p>T  &#8220;investment of Rs.2,34,000\/- for the purchase of<\/p>\n<p>&#8216;1<br \/>\n<span class=\"hidden_text\">1<\/span><br \/>\nQ<\/p>\n<p>(41 <\/p>\n<p><span class=\"hidden_text\">2<\/span><\/p>\n<p>chassis of Ashok Leyland Lorry and the balanee was<br \/>\nfunded by the Corporation by funding<br \/>\nself&#8211;en:1ployment scheme and it is the<br \/>\npetitioner that the petitioner&#8221;<br \/>\nexpenditure of Rs.1,53,0002;;__<br \/>\nbody on the chassis and   for&#8217;<br \/>\ntransport operatioyi 1.  of the<br \/>\nVehicle.  if 0 if 0 if if if<\/p>\n<p>4. It_   was unable to<br \/>\n of the loan as<br \/>\nper the  had defaulted in making<\/p>\n<p>payment&#8217; a. fewl&#8217;in&#8217;st;alments, which gave cause for<\/p>\n<p> the&#8217;}&#8217;\u00ab:.Corporati&#8217;on. &#8230;.. to re&#8211;possess the vehicle and<\/p>\n<p>  i1l:ti&#8217;:navteiy}&#8217;~ Vehicle itself was sold on 09.04.2001<\/p>\n<p>forga  &#8216;of Rs.2.80 lakh after going through a<\/p>\n<p> farcela procedure for notifying the public at large<\/p>\n<p>   the Vehicle in an open competition\/ auction.<\/p>\n<p>  -~-Tlhis is the allegation of the petitioner against the<\/p>\n<p>a\/<\/p>\n<p>respondent Financial Corporation as an<br \/>\nadvertisement on 15.02.2001 about the sale of such<br \/>\nseized vehicles was carried out in a non~vde:seript<br \/>\nvernacular newspaper by the name  _<br \/>\npublished at Chitradurga, the pplace oft<br \/>\nand the mainstay of which newspa\u00e9per<br \/>\nonly such advertiseinvents    the-0&#8242;<br \/>\nCorporation. 0<\/p>\n<p>5. The   even after<\/p>\n<p>adjustin&#8217;g&#8221;Atlf1ve  the Vehicle, which<\/p>\n<p>according  had been undersold. as<\/p>\n<p>thegversioln  the &#8216;petitioner is that the Vehicle was<\/p>\n<p>.  less  Rs.6 lakh on that day, even as<\/p>\n<p>  by the Insurance agency, the<\/p>\n<p> loan having not been cleared, the<\/p>\n<p>it  Corporation took steps to realize the balance, which<\/p>\n<p><span class=\"hidden_text\">5<\/span><\/p>\n<p><span class=\"hidden_text\">4<\/span><\/p>\n<p>according to the Corporation was a sum of<\/p>\n<p>Rs.2,36,:&#8217;543\/~ as on 09.04.2001.<\/p>\n<p>6. With the only source of<br \/>\nwith the petitioner and<br \/>\nperson, having been lost; &#8220;eras<br \/>\npetitioner generating any 0&#8242;  the<br \/>\nbalance instalments&#8217;..V:\u00e9&#8217;and.__  while the<br \/>\narnount reniained  according<br \/>\nto the   merrily went<br \/>\n already bruised borrower<br \/>\nwith interest,&#8217;  penal interest and<\/p>\n<p>wh.-fa.&#8217;i;&#8217;v not interest  swelled the amount to a sum<\/p>\n<p>  on 30.04.2002 and recovery<\/p>\n<p> ~pi:oceedi&#8217;ngsg&#8217;v{rere resorted to by the Corporation for<\/p>\n<p>reaiizaiion of this amount by enforcing the surety<\/p>\n<p> itaki.ng recourse to enforcement of the amount on<\/p>\n<p>the surety and it is at this stage, the petitioner has<\/p>\n<p>Q<\/p>\n<p><span class=\"hidden_text\">5<\/span><\/p>\n<p>approached this Court by filing the above<br \/>\nW.P.No.29}_82\/2002 contending inter alia that the<br \/>\nrespondent&#8211;~Corporation has taken the petition:eI&#8217;.for<\/p>\n<p>a ride; that though the petitioner had<br \/>\ntotal sum of Rs.6,91,&#8217;7i9\/&#8211; &#8221;<br \/>\nVehicle as sold by the Corpora&#8217;tion_&#8221;for <\/p>\n<p>), the Corporation  any<\/p>\n<p>unreasonable dem.and\u00bb='&#8221;&#8221; = &#8216;*2. _ pp repayment of<\/p>\n<p>Rs.5,83,835\/&#8211; and i it therefore, for the<\/p>\n<p>fouowmg    <\/p>\n<p>1. issue &#8220;ceItioI9ari by quashing the legal<br \/>\nn(mi\u00a2ei dated.iA22f2&#8217;7}o2.2oo2 issued by the first<\/p>\n<p> respondent tolthie second petitioner\/ surety;<\/p>\n<p>  Issu&#8221;e._ a  in the nature of mandamus<\/p>\n<p>   the second respondent to consider<br \/>\n petitioners representation dated<br \/>\n ..2&#8217;V?,.OZl.2002 by the Waving simple and penal<\/p>\n<p>overdue interest at the rate of 22.5% and 30%<\/p>\n<p> respectively p.m.;\n<\/p>\n<p>7,.\n<\/p>\n<p>3. issue writ in the nature of declaration,<br \/>\ndeclaring the sale of the vehicle Ashok Leyl,and<br \/>\nTruck bearing No.KA-166825<br \/>\nrespondent in favour of the third<br \/>\nillegal and void;       it t<\/p>\n<p>4. And pass such other ord&#8217;ers:1&#8217;of:<\/p>\n<p>7. This writ petition   the&#8217;<br \/>\nCorporation on   amongst<br \/>\nwhich is thgiiggi  nature is not<br \/>\ntenable    under Articles<br \/>\n226   of India, even in<br \/>\ntermlsolf  by the Hon&#8217;ble Supreme<\/p>\n<p>Court as&#8221;pe&#8217;r .th.eljud~grnent in the case of GUJARAT<\/p>\n<p> &#8211;  _ rFi3\\iANc1;AL  l&#8221;&#8221;C&#8217;ORPORATlON vs. LOTUS<\/p>\n<p>  etc. (AIR 1983 so 848).\n<\/p>\n<p> Writ petition is taken up for scrutiny and<\/p>\n<p>  received consideration at the hands of this<\/p>\n<p>id  ~. _.;\u00a7Court for quite sometime, mainly for the reason that<\/p>\n<p><span class=\"hidden_text\">7<\/span><\/p>\n<p>when once the Corporation has taken over the asset<br \/>\nof the borrower which was an income producing<br \/>\nasset and by working it the borrower<br \/>\nrepaid the amount and in fact, because<br \/>\nselling it in a so-called  iv<br \/>\naccording to the petitionier isllaglxain<br \/>\nunder-sale only resulting&#8217;  borrower,<br \/>\nWhether the Corpol\u00a3atiopn%.:_\u00bb&#8217;A  it after that<br \/>\ncontinue to4_:&#8217;rnulct&#8221;&#8216;  interest,<br \/>\ncompound   etc., on the<br \/>\npre1nise&#8211;.  is not realized even after<\/p>\n<p>sale of .re~posses.sed asset and it is such an<\/p>\n<p>  of Rs;2.,..3.6&#8217;,543\/&#8211; said to be due as on that<\/p>\n<p>  has now swollen to a sum of<\/p>\n<p> said to be the amount outstanding<\/p>\n<p> as on.V_.l&#8217;l3O.09.2OO9 as per a memo placed before this<\/p>\n<p>  today by the Corporation.\n<\/p>\n<p>C 3<br \/>\n<span class=\"hidden_text\">8<\/span><\/p>\n<p>9. This is as per the intimation issued by the<br \/>\nCorporation in the context of a suggestion<br \/>\nthe Court, when the Corporation<br \/>\nthere are certain governmer1_ta1.__sch.e&#8217;rnes&#8217;.&#8217;;V<br \/>\navailable, for extending V<br \/>\nborrowers and as per 1<br \/>\nplaced along with  which<br \/>\nis placed before   to which is<\/p>\n<p>rrirriunicated by the<\/p>\n<p>attached  sheet  &#8220;c<\/p>\n<p>Corporation:-\u00ablwionan  to the<\/p>\n<p>borroyver,  borrower that he should pay<\/p>\n<p>a sum  along with a VAT liability of<\/p>\n<p> ._ :&#8217;Co&#8217;rporation, While is inclined to close the<\/p>\n<p>loan  of the petitioner as fully paid, if the<\/p>\n<p>2 \u00bb ipetitioner should pay the amount now, would at the<\/p>\n<p>&#8216;same time seek further instructions from the<\/p>\n<p>[0<br \/>\n<span class=\"hidden_text\">9<\/span><br \/>\nborrower as to the manner in which a sum of<br \/>\nRs.1.29 lakh which is- due to the borro4WVeii:&#8217;_:&#8221;and<br \/>\nwhich is in deposit in an account<br \/>\naccount in the very Banlg: can<br \/>\nproceeds paid or otherwise<br \/>\nCoflloration will take   lave<br \/>\netc. This communic4ation;;h&#8217;it  followed<br \/>\nby a further   that action<br \/>\nin    persuaded for<br \/>\nrecoveryo.f0V0,25,739.82\/*~, if the<br \/>\nb01.1.\u20ac}vWe1._00  -0 comply with the<\/p>\n<p>possibillity\/pajnnlent\u00bb:&#8217;:_&#8221;..* has indicated in this<\/p>\n<p> n  coIi3..n1\u00a7.inicat:ionV.. &#8230;.. _. e<\/p>\n<p> copies of the memo and<\/p>\n<p>coriinitinications is attached a Government<\/p>\n<p>  ip&#8217;r&#8217;oceedings of the Government of Karnataka in<\/p>\n<p>&#8216;V&#8217;No&#8217;.0AE:56:GFC 2009, Bangalore, dated 26.09.2009,<\/p>\n<p>ll<\/p>\n<p><span class=\"hidden_text\">10<\/span><\/p>\n<p>extending concession in the matter of rate of<br \/>\ninterest to borrowers falling in different ca._te_\u00e9oi&#8217;.ies<br \/>\nsuch as those who have borrowed<br \/>\nin (249) Category, in between<br \/>\nEr? category and between:lanidV <\/p>\n<p>Q category etc.<\/p>\n<p>12. The  available to a<br \/>\nborrower in terms    out by<br \/>\nthe corp:oiettiorili3c;ii   the petitioner-<br \/>\n  being a borrower<br \/>\nof a   Rs.5 lakh and Rs.lO<\/p>\n<p>lal&lt;;l&#039;1.&quot;\n<\/p>\n<p>  _ 11.1.3.:.4Mr.&#8217;Ramachandra, learned Amicus Curiae,<\/p>\n<p> &#8216;tor the petitioner&#8211;borroWer, points out<\/p>\n<p> no that the classification of the petitioner as 9hLcategory<\/p>\n<p>it  tlalso wrong; that even as admittedly if the<\/p>\n<p>l V&#8217; &#8220;borrowed amount which was the outstanding<\/p>\n<p>l\u00e9l<\/p>\n<p>I l<\/p>\n<p>amount based on which further calculation was<br \/>\nmade was Rs.2,36,543\/~ as on 9.4.2001,p&#8211;&#8220;&#8216;~.after<br \/>\nselling away the re~possessed<br \/>\nborrower and this is shown as<br \/>\namount on the date of sale<br \/>\nthe purpose of this notifi&#8217;ca_tion&#8217;*of&#8217; the<br \/>\nthis amount of  taken<\/p>\n<p>to be the initial  borrower fitted<br \/>\ninto(g%\/\ufb02&#8217;.:l&#8217;.\\4l) categojiy   the rate of<\/p>\n<p>interest to   borrowing should be<\/p>\n<p>exteridecj&#8217; in   this&#8217; cornputation\/ premise.<\/p>\n<p>4:. .,  learned Counsel appearing<br \/>\n   theWCAorporation along with Ms.Anitha.<br \/>\n  that the categorization is not based<br \/>\n0:1&#8221; theasubsequent outstanding , but on the original<br \/>\n  etc., I am of the opinion that for the present<\/p>\n<p>purpose, it can definitely be taken to be the amount<\/p>\n<p><span class=\"hidden_text\">12 <\/span><\/p>\n<p>outstanding, starting with the year 200}, as the<br \/>\nCorporation had already worked out its remedies by<\/p>\n<p>then, and it is on the outstanding amount of<\/p>\n<p>Rs.2,36,543\/\u00bb, the present <\/p>\n<p>Rs.6o,25,739.s2 has been worked up.rrrj!l_  &#8216;<\/p>\n<p>15. Smt.Anitha, Counsel Zinplaces<\/p>\n<p>court a memo dated 13. 1&#8243;\n<\/p>\n<p>are 8152<\/p>\n<p>1. A letterj-was  petitioner on<\/p>\n<p> 2:1;e1o.2o09,f~.._&#8217;<br \/>\n2; In pursrijanc&#8211;e_ll&#8221;of~*&#8217;the order passed by this<br \/>\nHonivble. Co&#8217;urt;e, details are furnished to<br \/>\n_ the e.petitioner, and also informed to avail<br \/>\n  the b&#8217;e\\n_e_fit of Government order. The<br \/>\n :&#8217;p]iab._ility is Rs.60,25,74.-0\/~ as on<br \/>\n_ &#8216;-._lo&#8217;7.rry11.2009. Awaiting the bene\ufb01t of the<br \/>\n \u00abllfrovgernment order, petitioner required to<br \/>\nV.  Rs.5.55 lakhs and VAT Rs.69,375\/~~.<br \/>\n.  The amount of Rs.1.29 lakhs paid by<br \/>\n1&#8217; petitioner is kept in A R P A and that<br \/>\namount would be deducted from Rs.5.5<br \/>\nlakhs. Petitioner also served along with<br \/>\ncopy of letters and order.\n<\/p>\n<p>Copy of Government order.\n<\/p>\n<p><span class=\"hidden_text\">13 <\/span><\/p>\n<p>16. While this is an option open tosgthe<br \/>\nCorporation to work out on such<br \/>\nindicate to the petitioner as to<br \/>\namount that has to be paid&#8217;<br \/>\ntaking advantage of  and<br \/>\nsettlement of they   by<br \/>\nMs.Anitha, learned? for the<br \/>\nCorporatio3\u00a7;;..t;here  as to Why<br \/>\nthe Corp&#8217;oV1&#8217;atio&#8217;ii&#8221;:V&#8217;ii_s:  adding VAT liability<br \/>\nof   on a scaled down<br \/>\namodnt: V on the borrowing in terms<\/p>\n<p>of 4;L&#8217;he_ s\u00a2heme,  levy of tax under the VAT is<\/p>\n<p>  anly olnmsale of goods and by no stretch of<\/p>\n<p> ._iina;gi11a\u00a7i_on&#8221;&#8221;or wisdom one can understand the<\/p>\n<p>logio  jtistification for treating a borrowing from a<\/p>\n<p>2  ifinanolial institution or any loan facility extended by<\/p>\n<p>IS&#8221;\n<\/p>\n<p>&#8220;I 4<\/p>\n<p>&#8216; the Bank to a borrower, to be in the nature of sale<\/p>\n<p>of any goods.\n<\/p>\n<p>17. Be that as it may, even it is<br \/>\nthe Counsel that their<br \/>\nto their counselling<br \/>\nresponsible Officer of  to be<br \/>\npresent come    Hlerrplain the<br \/>\nrationale of the&#8221;  the habit of<br \/>\nheaping pa   borrowers.\n<\/p>\n<p> 4&#8242; &#8220;the&#8221; irrational approach and<\/p>\n<p>aCtiQnSVVV&#8221;Q1:&#8217;i  the Financial Corporation,<\/p>\n<p>  wh&#8217;at;_sho_cks one7.s\u00ab&#8217;conscience and sensitivity is, and<\/p>\n<p>     taken aback, that a small time<\/p>\n<p> is selfmemployed and who has sought<\/p>\n<p> ii for some financial assistance from the Corporation<\/p>\n<p>A&#8217;  who has already been heaped with misery and<\/p>\n<p>C V &#8220;harassment by re&#8211;possessing and selling away of<\/p>\n<p>IL\u00bb<\/p>\n<p>1.5<\/p>\n<p>the vehicle for the purchase of which the<br \/>\nCorporation had financed, the Corpora&#8217;tionL:&#8217;._V_is<br \/>\ncoming up with the version that E &#8216;<br \/>\nRs.2,36,5-43\/&#8211; outstanding C&#8221;<br \/>\nswollen to<br \/>\nborroWer\/ petitioner is   &#8216;pay ad&#8221;<br \/>\ntotal sum of Rs.60,2:&#8221;:&#8217;:x.,_7 due<br \/>\nin terms of the  and that an<br \/>\namount of &#8220;&#8216;o&#8211;utstanding as on<br \/>\n interim orders<br \/>\npassed in and matter pending<br \/>\nbefore this  $2002 and Corporation now<br \/>\n   up \\i\\fit1i&#8230;a._.v&#8221;ersion, which is, to say the least,<br \/>\n    :.Corporation has shown such temerity and<br \/>\nplace before this Court that an amount<br \/>\n of&#8217; Rxs&#8230;A2,36,543\/~ outstanding as on 9.4.2001 can<br \/>\n  to a staggering amount of Rs.60,25,739.82\/-<\/p>\n<p>C it &#8221; &#8220;Within eight years or so.<\/p>\n<p>Ft<\/p>\n<p>&#8216;1 6<\/p>\n<p>19. If such is the rate of interest the<br \/>\nCorporation is charging on its borrowers, X dognot<br \/>\nthink any borrower carrying on any<br \/>\nactivity on any legitimate lines can  _<br \/>\nwith interest rates of this<br \/>\nmost of the borroWers\u00bb&#8217;o.f__<br \/>\ndefaulting and many of  xyhen the<br \/>\nCorporation resorts    proceedings<\/p>\n<p>using its statutory  <\/p>\n<p>  _   p\ufb01iposed of&#8221; oomputing the amount<br \/>\npayabAIe__ by  for the Corporation to<\/p>\n<p>close&#8221; the  &#8216;acco&#8217;unt as fully paid \/ satisfied by the<\/p>\n<p> &#8216;hor1*o1i&amp;ierV;4A&#8221;\u00ab-the Corporation is further directed to<\/p>\n<p> &#8216;dedu&#8221;ot&#8217;a&#8221;theV&#8217;.;;.Si.im of Rs.4,00,000\/&#8211; deposited by the<\/p>\n<p>petitioners. with the Corporation as per the interim<\/p>\n<p>A  order passed by this court on 30.8.2002, and by<\/p>\n<p>C\u00e9deducting this amount from the outstanding<\/p>\n<p>V3<\/p>\n<p>balance of Rs.2,36,5-4-3\/~ as on 5.4.2001 and<\/p>\n<p><span class=\"hidden_text\">17<\/span><\/p>\n<p>treating the outstanding capital amount<br \/>\ndate of deposit of this one Iakh to be Rs;<br \/>\nand compute interest on this .arnotunt,&#8221;&#8216;: <\/p>\n<p>even in terms of the scheme refer&#8217;;_ed to&#8221;a1f&gt;oVe. &#8221;  <\/p>\n<p>21. This apart: it is  from<br \/>\nthe Corporation  amounts<br \/>\nwere outsta\ufb02djm-Q   the overall,<br \/>\nas on  and as to the<br \/>\n  has realised such<br \/>\noutstar1ding  this date which amount<\/p>\n<p>was due to the &#8216;Corporation till now and if any such<\/p>\n<p>C &#8216;aiinoigrit Wi1iCh was an amount due on this day has<\/p>\n<p>   fzrepaid till today, as to how such<\/p>\n<p>outstandyi\u00e9ng amount has worked out in the present<\/p>\n<p>A 57  and the Corporation is directed to furnish such<\/p>\n<p>  &#8216;factual information before this Court for<\/p>\n<p>{&lt;7<br \/>\n<span class=\"hidden_text\">18<\/span><\/p>\n<p>appreciating the manner in which the Corporation<br \/>\nis functioning and as to Whether the Corporatio_11._pVis<br \/>\nadopting a uniform and fair method<br \/>\ntransactions, as to Whether I-arfair&#8221; &#8220;ll<br \/>\ntreatment is meted out<br \/>\nparticularly the Corporation:&#8221;being&#8217;*   the!&#8217;<br \/>\nmeaning of Article&#8217;    to explain<br \/>\nits conduct and  when the<br \/>\nquery is,   :su.e&#8217;h&#8221;&#8221;&#8221;i&#8217;questions. The<br \/>\nCorpQratiAon::&#8221;i1\u00a7s: to place before this<br \/>\nCourt\u00bby&#8217;tl&#8217;ie  \/ outstanding amounts<\/p>\n<p>Which,   off as bad debts and as<\/p>\n<p>  i:r,\ufb01eeoy.ei&#8217;ableA&#8217; during the past eight years, i.e.<\/p>\n<p>    1.<\/p>\n<p> , 2e2..&#8217;$(3orporation to place all these materials<\/p>\n<p>A  iblefore this Court within a reasonable time and<\/p>\n<p>.   though Ms.Anitha, learned Counsel would seek for<\/p>\n<p>QB<br \/>\nl9<\/p>\n<p>two to four weeks, they are given six weeks time<br \/>\nfrom today to place all that material<br \/>\napprise the petitioner, in the meanWhile3_..l&#8217;_:as&#8217;:<br \/>\nprecise amount has to be paid.<br \/>\nthe loan amount for OTS is  on<br \/>\nthat the borrower falls  &#8220;riot<br \/>\ncategory, and by  of: interest<br \/>\nwaiver\/ concession   &#8216;AA&#8211;l.:\u00e9z(__3l.l-n1eII1\u20ac3 of the<br \/>\nGovernmen_tlai.rd  in this order.<br \/>\nIt is   ayail this facility and<br \/>\nto clear&#8217;&#8211;   Without prejudice to his<\/p>\n<p>contentionlsvrin   petition and without waiting<\/p>\n<p> fo\ufb01arry perrrlission or orders by this court on this<\/p>\n<p>   lthiepfmatter.\n<\/p>\n<p> ..  a copy of this order to the learned<\/p>\n<p>A  x_Clot_1nse1 for the Corporation and the Registry is<\/p>\n<p> gciirected to forward copies of this order to the<\/p>\n<p>ax<br \/>\n<span class=\"hidden_text\">20<\/span><\/p>\n<p>Managing Director, Karnataka State Financial<br \/>\nCorporation and to the Principal Secretary..VVto_:&#8217;ithe<br \/>\nGovernment of Karnataka, Finance   <\/p>\n<p>also the Chief Secretary.\n<\/p>\n<p>24. This Court may  to<br \/>\ndesirability of  it  State<br \/>\nGovernment the  Corporation<br \/>\nitself, if the its borrowers<br \/>\nfor a   borrowers with<br \/>\n  on the borrowings,<br \/>\nresu1lii1&#8217;1:g&#8221; ill  harassment to small time<\/p>\n<p>borrowers&#8217;;   off loans availed by big<\/p>\n<p>,&#8217; &#8216;borro&#8221;w*ers&#8221;..by treating their loans as irrecoverable,<\/p>\n<p> xsti_cl:1&#8217;~,&#8221;actions and management rather<\/p>\n<p>milsrnanagement of the affairs of the Corporation is<\/p>\n<p> x_dlefi,nitely detrimental to the larger public interest<\/p>\n<p>l\u00e9and particularly as the Corporation is funded and<\/p>\n<p>V. ..\n<\/p>\n<p>&amp;\u00a7\\<\/p>\n<p>started with an initial investment by public funds<\/p>\n<p>-&#8216;:5\/&#8217; 21<\/p>\n<p>drawn from the State Exchequer.<\/p>\n<p>Registry to furnish copies of this ordier  <\/p>\n<p>cost to the Amicus Curiae.\u00bb~~aappearin\u00a7:&#8217;.jV &#8220;&#8216;<\/p>\n<p>petitioner, to the learned  <\/p>\n<p>Corporation and also to for\u00a7V&#8217;ard ha &#8216;cop.yj&#8217;veaeh&#8221;to: the&#8221;<\/p>\n<p>Principal Secreta1jf&#8217;;~..\u00e9_  of&#8221; &#8220;Finance,<br \/>\nGovernment of  :jChief Secretary<br \/>\nto  &#8221; forthwith for their<br \/>\n tievelopments in the<br \/>\nmanagement of7\u00a7 5t:\u00a7_.\u00a7&#8217;e  Corporations<br \/>\nand also for    remedial<br \/>\nn1eas1_;re._s_  farti&#8221;ier___.oorders by this court.<\/p>\n<p>Sd\/~<br \/>\nJUDGE<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court C Jagadish S\/O Lt Chandrappa vs Karnataka State Finance &#8230; on 13 November, 2009 Author: D.V.Shylendra Kumar (R) IN THE HIGH COURT OF AT BANGALORE j_ Dated this the 13&#8243;? day Q\u00a3ANe\\4rem-bet&#8217; BEFORIE: I I I _ _ . THE HON&#8217;BLE MR JUs&#8217;m;_1s: DOV &#8221; Writ Petition No. 291%? 2902; BETWEEN A [&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-228131","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 v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>C Jagadish S\/O Lt Chandrappa vs Karnataka State Finance ... on 13 November, 2009 - Free Judgements of Supreme Court &amp; 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\/c-jagadish-so-lt-chandrappa-vs-karnataka-state-finance-on-13-november-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C Jagadish S\/O Lt Chandrappa vs Karnataka State Finance ... on 13 November, 2009 - Free Judgements of Supreme Court &amp; 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