{"id":233595,"date":"2009-02-26T00:00:00","date_gmt":"2009-02-25T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sri-vinay-bansal-vs-mahindra-engineering-and-on-26-february-2009"},"modified":"2016-03-28T05:21:33","modified_gmt":"2016-03-27T23:51:33","slug":"sri-vinay-bansal-vs-mahindra-engineering-and-on-26-february-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sri-vinay-bansal-vs-mahindra-engineering-and-on-26-february-2009","title":{"rendered":"Sri Vinay Bansal vs Mahindra Engineering And … on 26 February, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Sri Vinay Bansal vs Mahindra Engineering And … on 26 February, 2009<\/div>\n
Author: B.S.Patil<\/div>\n
 (BY'$Ri,\u20acI2.SLRAV3,AAi3V.V)\" \"\"\" \n\nV \" 85 PRODUCETS Lmrmn,\n\n~ V.  -- .M\"v2\u00bb\u00a7Ba1 1>z,.,r2~'zE ROAD,\n PiMP\u00a7?i',\u00ab,PUNE 421 013.\n R39.' mi.-'ITS POWER 013' ATTORNEY HOLDER,\n_V --._MR;--DAVI-D H.A'I'AR\u00a5A,\n'  VS\/OEPERCY JEHANGERJEE HATARIA,\n--\u00ab .' AGED ABOUT 55 YEARS,\n ._ GENERAL M-ANAGER -\u00bb ACCOU'\u00a3'N$\u00abF'fNAN'CE,\n\" 'MAHINBRA ENGINEERING 85\n\nIN THE men comm' 012* KARNATAKA AT BANGALORE\nDATEB THIS THE 2675 DAY OF FEBRUARY ~  2 K\n\nBEFORE\n\nTHE HOWBLE MR.JLt$rIc13:3;$.?A*rIi;_: \nwnrr PETITION N0.;41R3 4\u00a7 j__@O8u 1 g'   A':\nBETWEEN: '  'A L '  H H\n\n1.<\/pre>\n
 SRININAYBANSAL, V
\nS\/O.SUREI*\u00a5BRA KUMEAR AGARW.;A1., – _
\nAGED ABOUT3QYE”A_Ri?~, :’   :\n<\/p>\n
R\/o.No.23\/1,1.a.:;M1;:2’Qssp;.  _  ‘
\nSHAN1’INA(%R;,’
\nBANGALORE  02?,<\/p>\n
2. SMvT.SMI’FAfB_AN&AL,_ <\/p>\n
W\/0.VINAY B1,wsALV,:’–__ – _ ‘V  <\/p>\n
AGED ABOUT .31 YEARS}  <\/p>\n
No.23\/2, LAX.MI~ROAD, ‘ .. ‘<\/p>\n
S\u00a3~IAN’I’INAGAR;a. V   <\/p>\n
Banaawaa 560 027;” ‘ :PE’I’I’I’iONERS<\/p>\n
1. ‘A ,n&AH1r;\ufb01\u00a7?;aT:ENG1NsER1NG<\/p>\n
REGQ. OFFKTE AT 1510.145,<\/p>\n
PRODUCTS LIM{TED.\n<\/p>\n
2. M \/ S. S.S.EN’l’ERPR\u00a7SES,
\nNO.9\/9, 13′? FLOOR, H.S}DDAiAH ROA9,<\/p>\n
 _ ;friEVCoU1\u00e9\u00a7’:~MAD\u00a2_E THE \u00e9%.>LLow12vG;<\/p>\n
.v,_.44_’ExecutionVv'(:L1asc No.517\/ 2006 is challenged in this writ petition
\n   ‘gxbjcctors. By the  order, the Executing Court has
\n .,__’ ‘i?.ssii\u00a3d sale proc\ufb02amation and sale warrant \ufb01xing the spot sale<\/p>\n
V  Lon 5.12.2003 and Court sale on 16.12.2008. This comm; iniua’ 11y<\/p>\n
BANGALORE 560 002,
\nBY ITS MANAGER.\n<\/p>\n
3. MRSJIIMALA m:v1suRN1NDERAr_2AmzAL,-_’ H ”
\nW\/O.MR.SURNINDER KUMAR AGARWAL,  j;  * =
\nNo.23\/z,1.AxMzRoA.D,   *
\nSHANFINAGAR, .\n<\/p>\n
BANGALORE 550 027.\n<\/p>\n
4. MR.C.R.SURESI–i,<\/p>\n
NO. 1155, 22313 MAIN ROAD,  <\/p>\n
BANASHANKARI 219:\u00bb S’rAGE,—-._ j;~ _
\nBANGALORE 560 070.     -.;’ARE:’:1.PONDENTS<\/p>\n
{av SMT.NANDI’l’A ,s2A1,D1PL;f\u00e9;”‘Ai\u00a7*-c’.”E<}R C\/E25; SRI.C.V.NAGESH,
\nADV. FOR R-4, R-3 s\u00a7:3vED:;__ l\\I RKIANDVER ARTICLES 226 AND
\n227 OF’ ‘;’;{.13..Tcbv:s:\u00a7fI*\u00a71I_JT1o1$I  m.DV1A5′ PRAYING TO QUASH THE
\n022913312 a:>A’15E:3’5’_~1?j.io%.2o\u00e98.__ MADE :1\u00bb: EXECUTION CASE
\nNo.51?\/2do5’oN’=I%1\u00bb-i\u00a7;’.”;v11;1::<..\u00a73:2?,f1iHE 19m ADDIT\u00a5ONAL cm crvn,
\nJUDGE AT B\ufb01i1?~EGAI;d\u00a7\u20acE; x%11313:'_';\u00a2.NNExu1=2E\u00abE AND ETC.,<\/p>\n
 =wR:T"'P2:fi}:VfrIQ\u00a7J COMING on FOR ORDERS, THIS DAY,<\/p>\n
L% ._\u00a7) :w:1evr.'.(–i'.*:-'1':{I::'eii 17.10.2008 passed by the Executing Court in<\/p>\n
granted an intcn'm order on 20. 1 1.2008 by observing as under:<\/p>\n
%,<\/p>\n
  gperiocjlof  Infact, this onier passed based on the<\/p>\n
 famount payahic another sum of Rs.10,00,000\/~ shall be paid<\/p>\n
3<\/span><\/p>\n
“P1-ima facie there is no merit in the.
\ncontentions urged. However, as the    ;. it
\ncounsel for the petitioner submits that o;;:”of  V” ‘
\ntotal amount of about Rs.49  a
\nsum of Rs.21 lakhs is   iiaiildi   ‘A
\npetitioner is pnepared to pay \u00abanother    .
\nRs.10 Iakhs within a pc1iod\u00abe:of,four.Weeks, ”
\nends of justice, I deem it Vapgi\ufb01apriate stay tfie
\nsale prodamatiozl   in the
\nexecution pmceedingf;’i’fo1′    weeks
\non conditiori igiae   to the
\n1″  s’uif._u_\u00ab_1o\u00a3. Rs;  within four
\nweeks’:    *  <\/p>\n
 ” iiif\u00e9eii\u00e9t  :s.i2;\u00e90os.”\n<\/p>\n
Pursuant the  “\ufb02ie petitioner has paid the said
\namount’     Subsequently, by order dated
\n .18. it was  clear that out of the balance amount<\/p>\n
gaya:91\u00a2,ei  of Rs. 1o,oo,ooo\/- shall be paid within a<\/p>\n
 ‘\u00ab.___sz1bmiss:ioi\u00a7.’3~made by the counsel for the petitioner. Based on
\n    interim. order came to be extended. for a further period<\/p>\n
ii”: of  weeks subject to the condition that out of the balance<\/p>\n
within a period of four Weeks.\n<\/p>\n
\/Q)\/.\n<\/p>\n<\/p>\n
2. It is submitted by the learned counsel for  <\/p>\n
that petitioner has paid Rs.5,00,0{)()\/- and  \u00e9be\u00e9   <\/p>\n
pay the remaining Rs.5,00,000\/-.  <\/p>\n
e\ufb02brts are being made by     <\/p>\n
amount. Counsel for the zespondei1t:..”s:1E’>Ia1itV;<3.~.tVJ:'\\A'"at:hias  the
\npetitioner is due in a suz\ufb01ef  Counsel
\nfor the petitioner states thet    of the correct
\nwithstanding due,'i!ee'   earnest efforts to
\ndischarge the   \u00e9ieiblgrassible.<\/p>\n
3.  ‘__heI7e  interim order granted<\/p>\n
earlier has”  \u00abV  has not pend’ the entire<\/p>\n
  Rs\u00a7..1f)A, ()II)”,O()x()\/  as ordered by this Court on<\/p>\n
 .i8.1,;i;e2ed\u00e9fwi1hjn a  of fbur weeks from 18.12.2008. He<\/p>\n
    Re!S,O0,000\/-. The balance amount now due<\/p>\n
  appears   Rs.13,00,000\/– as ascertained by the<\/p>\n
”  eeumsel for. {he xespondent subject to veri\ufb01cation.<\/p>\n
  4′.A There is no point in keeping this writ pcti\ufb01on pending.<\/p>\n
T ” in Vi\u20acW of the bona\ufb01des shown by the petitioner by<\/p>\n
 [paying the amount during the pendency of this writ petition and<\/p>\n
aiso in View of the submission made by the learned counsel for<\/p>\n
%\/<\/p>\n
the petitioner stating that earnest c\ufb01brts will   ~
\naument the necessaxy resources and (1i.sc1_1_arge”
\ndeem it appropriate to provide a last
\npay the entire dues on or before 1″ AVp’ri1z  if   .
\npaid on or before 1″ April 2009, the    of<\/p>\n
the property shall not be  amount is not<\/p>\n
paid within that timc,,_it is V0p\ufb01:l.:1::v.tc;._V\u00a7i_;\u00a7  Court to
\nproceed further in   \u00e9   disposed<\/p>\n
 “””       ._  <\/p>\n
of.\n<\/p>\n
JL<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Sri Vinay Bansal vs Mahindra Engineering And … on 26 February, 2009 Author: B.S.Patil (BY’$Ri,\u20acI2.SLRAV3,AAi3V.V)” “”” V ” 85 PRODUCETS Lmrmn, ~ V. — .M”v2\u00bb\u00a7Ba1 1>z,.,r2~’zE ROAD, PiMP\u00a7?i’,\u00ab,PUNE 421 013. R39.’ mi.-‘ITS POWER 013’ ATTORNEY HOLDER, _V –._MR;–DAVI-D H.A’I’AR\u00a5A, ‘ VS\/OEPERCY JEHANGERJEE HATARIA, –\u00ab .’ AGED ABOUT 55 YEARS, ._ GENERAL M-ANAGER […]<\/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-233595","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nSri Vinay Bansal vs Mahindra Engineering And ... on 26 February, 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\/sri-vinay-bansal-vs-mahindra-engineering-and-on-26-february-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Vinay Bansal vs Mahindra Engineering And ... on 26 February, 2009 - 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