{"id":234871,"date":"2009-01-15T00:00:00","date_gmt":"2009-01-14T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-ol-of-ms-sree-ayyappa-chit-vs-jaishree-ramachandra-on-15-january-2009"},"modified":"2016-04-21T08:42:58","modified_gmt":"2016-04-21T03:12:58","slug":"the-ol-of-ms-sree-ayyappa-chit-vs-jaishree-ramachandra-on-15-january-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-ol-of-ms-sree-ayyappa-chit-vs-jaishree-ramachandra-on-15-january-2009","title":{"rendered":"The O\/L Of M\/S Sree Ayyappa Chit &#8230; vs Jaishree Ramachandra on 15 January, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">The O\/L Of M\/S Sree Ayyappa Chit &#8230; vs Jaishree Ramachandra on 15 January, 2009<\/div>\n<div class=\"doc_author\">Author: Mohan Shantanagoudar<\/div>\n<pre>-3-\n\nThis C-company Application is filed under Sectigr\u00a7._%%r\u00a76\n[_2)(b} of the Companies Act, 3956 and read with R111:-.2}-.T.of\n\nthe Campanies (Court) Rules, 195:9, prayirzg _\nretwondents be orderc\u00e9 and decreed to pay .19 V' * th&lt;=t_ &#039; \nappliirant a sum of &#039;\u00a3\n\nthis day, the Court made tht-:. folis\ufb01vixlg :\n\n9,..,_..._;z.&gt;...\u00a7=.._;.3 \n\nThis application is  orcier {&lt;3 the\n\nrespondeiit to   to tha appiicant\n\niI1(:}.usiv\u20ac:a_of (:{_ii1t;i&quot;:;?:&lt;:;t1f:a1 g\ufb01\u00e9gt\u00e9 \u00e9iif int\ufb01rast. T113 r\u00e9spondent\n\nis the b0ET(&#039;31\u00a7:\u20acI&#039;._\n\n \u00a7ec\u00e9fds..,_r\u20acv&#039;ea1 that M} 5. Sreta Ay\ufb01yappa Chit\n\n *Pr&#039;iv\u00a7:&#039;i\u00a3:\u00e9&quot;%\u00bb_\u00a5;i3:1it\u20ac\u00e9 {in liquidation) was erdared to be\n\n  wo\ufb01izcfigp Ofd\ufb01l&#039; dated 18.3.2002 passed by this\n\n i11V&quot;A\u20ac3&lt;1.P.N0.74\/2430} 3:, :49 ta 156\/2001 The\n\n  Liqui\u00e9amr attacheti E0 &quot;\u00a311313 Ceurt has been\n\n.  &quot;--&quot;\u00e9\u00a7,\ufb01;}\u00a7&#039;:\u00a7aiI1&#039;{ed as Liquidator by virtue of S\ufb01ction 449 \u00absf the\n\nV&#039; *  Compaxiies Act, 1956.\n\nL2\n\n \n\n\n\n.. 3 ..\n3. The vaiue of the chit was Rs. 1 lakfix. Respondent<\/pre>\n<p>is; cane of the member of the chit group having chit&#8211;149.28.<\/p>\n<p>She W355 the highest bidder in the auc*I:i&lt;\u00a7};1&#039;: on<\/p>\n<p>29.7.1999. Hewevar, the subscriptimm    <\/p>\n<p>respondent Elpti} 31.3.2081.   __;\ufb01\u00a7ri:ici3pie  &#039; <\/p>\n<p>amomit in be gaid by the 1&#039;\u20acS1f3C;i&quot;3.f3%:;}_1\ufb01t! <\/p>\n<p>This applicatian is filed 1;:, the applicant has 1:5: in<br \/>\nEvideiicefs &#8220;art: &#8220;prsduced and markati. Thiz&#8217;.<\/p>\n<p>statem\ufb01nf.&#8217; \u00bb::jf :1c\u00a7\u00a7&#8217;C: Lifz%\u00a3S .\u00e9\u00a7f*\u00a31\u20aci the iilterest calczulaiien $h:=:\u20ac:t<\/p>\n<p> , A_   &#8220;t.;L&#8217;*1~&#8217;?\u00ab,.__.3.7.Xf:if&#8217;&gt;iJ#i3I&#8221;i&lt;:1\u20ac:1?:. is iiahie ta} pay 3. Sum Gf<\/p>\n<p> &#039;RS&#039;.&#039;24,3S\ufb02f\u00a7 izsrizzciple amour}: as on 31.1.2001. A notim<\/p>\n<p>f_ respondent. on 5.63.2003 calling upan<\/p>\n<p> her &#039;aim  xth\ufb01 amaunt due t6 the Canapaiiy as per the<\/p>\n<p>VA &#039;V~ff&#039;*;=;;\u00a7a\u00e9:i:2z3:1\u20ac:I1t S1;1bi3Iiit{.6{i by 1116 Ex&#8212;\ufb01iI*ac:t&lt;0;:s. In spite {}f the<\/p>\n<p>E<br \/>\n<span class=\"hidden_text\">5\/8<\/span><br \/>\n&#8216;I?\n<\/p>\n<p><span class=\"hidden_text\">-4-<\/span><\/p>\n<p>samv:-2, ainount is not paid by the respo11d\u20acr.iii;&#8221;\u00bbT Thfi<\/p>\n<p>resp011d&lt;iI;t theugh has appeam\ufb01 thmugh ciid<\/p>\n<p>not cheese to r.:r0ss&#8211;exa:3ai:1e &#039;Elie wimess. \ufb02f37e&#039;V.T{a:;p.piie\u00a73u3\u00a7;.<\/p>\n<p>Thus, the deposition sf {ha x:z1\u00a3:,%:c:&#039;s:::\u00a74T&#039;A\u00ab{&#8216;:z\u00a7;1eI1t admits<br \/>\ntile ciaim of i}{1_\u20ac app1i.\u20ac\u00e9\u00a7.\ufb01&#8211;t..  the records<br \/>\namply dis(;_i\u00abi,v:&amp;\u00a7   &#8216; of the resgonderxt<br \/>\nto pay a &#8212;  v 380\/ ~ pfiil\ufb01ipl\ufb01 alimunt as 011<br \/>\n?&gt;\u00ab&#8217;E..3.2(&#8216;):(3-lg.&#8217; *    is $30 liabia ta pay<\/p>\n<p>r&amp;a.;\u00a7f\u00a7&lt;3i3ab}:3 iiitefesi th\ufb01reen. The Oi\ufb01cial Liquida3:0:r ways<\/p>\n<p>\u00bbA  iriterest at 236% pa. fram 1.4.2091 to<\/p>\n<p> ..  intamst at the rate cf 6% 13.3, from<\/p>\n<p> 31.1.2004. The: same appears it} be 011 {.1115<\/p>\n<p>&quot; V&#039; nhi:g,138rH&#039;sid\u20ac. This &lt;::m:;.rt; is (if the cixmaidrsred opiniun that<\/p>\n<p>AAV&#039;\u00a7\u00a7,Ii.\u00a7\u00a3t.&#039;.A3i&#039;\u20acSi {3f jus\ufb01ce wiii ha mei if 6% pa. &#039;mter\u00e9st is kaziad<\/p>\n<p> i;hr&lt;:u:1gh out. Accardhlgi\ufb01&#039;, folluwizig <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court The O\/L Of M\/S Sree Ayyappa Chit &#8230; vs Jaishree Ramachandra on 15 January, 2009 Author: Mohan Shantanagoudar -3- This C-company Application is filed under Sectigr\u00a7._%%r\u00a76 [_2)(b} of the Companies Act, 3956 and read with R111:-.2}-.T.of the Campanies (Court) Rules, 195:9, prayirzg _ retwondents be orderc\u00e9 and decreed to pay .19 V&#8217; [&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-234871","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>The O\/L Of M\/S Sree Ayyappa Chit ... vs Jaishree Ramachandra on 15 January, 2009 - Free Judgements of Supreme Court &amp; 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