{"id":246005,"date":"2010-01-20T00:00:00","date_gmt":"2010-01-19T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/smt-o-v-vinodamma-vs-kollegal-industries-ltd-on-20-january-2010"},"modified":"2015-09-28T11:03:36","modified_gmt":"2015-09-28T05:33:36","slug":"smt-o-v-vinodamma-vs-kollegal-industries-ltd-on-20-january-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/smt-o-v-vinodamma-vs-kollegal-industries-ltd-on-20-january-2010","title":{"rendered":"Smt O V Vinodamma vs Kollegal Industries Ltd on 20 January, 2010"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Smt O V Vinodamma vs Kollegal Industries Ltd on 20 January, 2010<\/div>\n
Author: K.N.Keshavanarayana<\/div>\n
IN THE HIGH COURT OF' KARNATAKA AT BANGAI..ORE\n\nDATED THIS THE 20\"\" DAY OF\n\nBEFORE}\n\nTHE HONBLE3 MRJUSTICE K.N.K1335H.A'v*;\u00ab.r\u00a73.R2?ai\/ANA..:u  \n\nCRL.P.NO.4893\/2006 C\/W 4239;..439.\u00e9'--&':48'94\/~2:0_Qmg:,_7\n\nIN CRL.P.N0.4893\/2006: V \u00ab 4'\nBETWEEN:\n\nSmt. O.V.Vm0dan1ma__W.\/0 E\nO.R.Varada1~aju. Major] '  ' __  \nR\/0 No. }36. Main Road, \"  .V\nKc-llegal.  _ . \n\nIN cR71_..pV.No.'4\u00e9a_;V\/2_oo\u00e9':A \" V\n\nSmt. 'a[ar:1i'akshmi..,_'Age\"M%;ij~oz%, '\n\nW\/0 sr:.0;.R.D--.G'up'ta,  '\n\nR\/a N0.1';+'2'F8. P'ea\u00e9e Pafisz Road.\nKofl\ufb01gai.        \n\n .A \u00ab:NV}\"cz\u00a7i..A1\u00e9.1Si'o_.4392\/2006\n\n  Major.\n\nR\u00bb\/0  No._1 \/2.78, Peace Park Road.\nKdllegrtf. ' \n\n\"  <5RL.P.No.4894\/2006\n\n = -~$ri.O.R.Varadaraju. Major.\n\nR\/0 No.136. Main Road.\nKollegal.\n\n(By Sri: Mah21r'1'\u00a3.esh 8.1---Ioxsxmxfh. ADV.)\n\nJANUARY. \n\n PETITIONER\n\n...PETITIONER\n\n...PFITITIONER\n\n...PETITIONER\n\n\n\nAND:\n\n1. Kollegal Industries Ltd..\n\nA company ir1corpoI'2.1'1ed under the\nCompanies Act 1913 having its Regd.\nOffice at Southern Extension. Kollegal.\nKarnataka. Repby its M.D.\n\n2. Sri.A.S.SI'idhaI'a Babu, Major.\nS\/0 Sri.Annadana Subbasetty.   *\nR\/a Marigudi Beedi. Kolle-gal. V\n\n3. Sri.A.S.Jayarama Setty. S'\/oj_\nAnnadana Subbasetty. Major;\nR\/a Marigudi Beedi. Kollegal. L\n\n4. Sri.A.S.Nagendra    \nS \/ o Annaclana Subbase'\ufb01ty'.A R,{aE  ' M\nMarigudi Beedi.jKo11egeA1HE_.j_v"  V '\n\n5. Smt.Ka3a\\wa4\u00a33'i13~.:j:.Major'.i    \nR\/a Ma1'igudi~  Kr)_:1!_ogaI.  \n\n6. Srr:11<.\\fij4'ayajl:aii~\u00a7V:'sj'i*.x    .\nR\/a Ma1ii_gLzdi BVoedi.;--?\u00a7_o}l__e-ga'l.\n\n7. SmLA.Saod1\ufb01ya'1'2ini;'"MojoI'.\nRMa1oigfudi B'eeVC1_i_,_jKo11ega1.\n\n'  _VS1'E.,_R..V';7f?13fagarajan, Major.\n R,\/aj'No;--40. 1o=$F__l'\u00bb\/Iain Road, 11"' Cross.\n'-Mai1es\\va"rj3njj:; BangaEorem56O O03.\n\n9..44"S:ifE\\\/a1.Aoanda Murthy. Major.\nS\/0 Ma.';1a11ia Devaru. R\/a Kjnkanahalli.\n\nK ., "Ya1_and'urTa1uk.\n"  'Chomarajanagar.\n\n510. S1'i.C.A.Sur1de1' Raj, Major.\n'" S\/0 SI'i.A1'unachalamshetty.\n\nR\/a Marigucfi Beedi. Kollegal.\n\n RESPONDEN'i'S COMMON\nIN ALL THE CASES\n\n1?\n\n{E\/"\n\n\n\n(By Sri: P. S. DIN ESHKU MAR. ADV. FOR R1 81\nSRI.G.R.ANANTI"iRAM. ADV. FRO R2 TO R10) ~\n\nTHESE CRL.Ps ARE FILED U\/S.-482 \n\nPRAYING TO SET ASIDE THE IMPUGNED OR{)ER.PASSE;i3 \nBY THE P.O.. FTC. CHAMARA..J_Ai\\_3A.GA.R _ I'i\\'._\ncRL.R.P.No.5s\/2004. 54\/2004.  55..\/2004 &.; 5'7\/2004;\n\nRESPECTIVELY DATED 11.7.2oo6;ANo o.R\u00a3)eiRi9Ass.E.D_sY\nTHE PRL.C.J (JR.DN] es: J'-MF'--.Ci,~' i<oLL..EGAi.i'---~..":N\n\nPCR.NOS.35\/1992. 34\/92, 33\/92 &-.31.\/92 RE2SP'ECTIV!33i.Y'v,\nDATED 31.8.2004 AND oiREc:'r--~.irHE J~1\\\/iFC_., 'E$O*L_LEGAL TO- '\n\nTAKE COGNIZANCE ON THE Peg'.-\n\nThese Cri.Ps cording oriior  oridtiiiis day. the\ncourt made the followings\u00bb       \n\nWoRDER&\n\n_..._.'...__  '.W|\n\nAs eomfno\ufb01.""C1ue'sf;'i-ori'.-3..ugfaei and law arises for\n\nconsicidei-atiioii\ufb01ri pet'.ii,ioris. the matters were heard\ntogether: and a1'eVbie:in;:g"di:s'p.osed of by this common order.\n\n2. I'r1"-these'petiiisons' filed under Section 482 of Cr.P.C\n\n  thV_e'3res_;;Ajeevtive "pet.i._t__i_Qne1's have sought for setting aside the\n\n'.oi"de1' passed by Fast Track Court.\n\n'ei:ama.rg;j':;:1:;;g:i1- in Cr1.R.P.No.56\/2004, 54\/2004. 55\/2004\n\n<3:  respectively dismissing those revision petitions\n\n 'a;nd_ avfi"im1i-mg ihe orders dated 31.8.2004 passed by the\n\nii\u00bb'i\u00ab;.::m1Jiidge (Jr.Dr1} in P.C.R.Nos. 35\/1992, 34\/92, 33\/92\n\n"8: 31\/92 respectively reiiisiiig to take cognizance of the\n\noffence by aeeepi.ing 'B' report' submitted by the police.\n\n9%\n\n\n\n3. The petitioners herein filed four p1'ivate complaints\nagainst the common respondents who have been aifraye_d'-as<\/pre>\n
Al to A10 alleging offences punishable under.<\/p>\n
474. 415. 468. 471. 403 and 405 of life inter -a;’iv–;%.”fc;.cu\u00a5’i’tend:mg’ <\/p>\n
that the petitioners were owners of ceAri”aiinl’essliares <\/p>\n
acctised–company and at one,po__ini oilttvinxe they”int_eiided to <\/p>\n
sell their share holdings in the l”irs.1_.lac_cused+r:ornpangy and in
\nthat behalf they execLite;d.”shar.3e iorrns and delivered
\nthem to second acc,usedH_t_o’ eyiilect :t.i’ansfei9;vv..iju1. the second<\/p>\n
accused did not  ti’ar1sie’1″lwithin’-lthemperiod oi” validity of<\/p>\n
the share transferl.l.fo’1*Ii1s’*avnci’*t.hereailter again the second<\/p>\n
accusedHaloproacheci’Jthe2.compl.ailnants with a request to
\ndeliver l’reslidt1ly VS.i}’il:fi\u20ac?’C:1l’t.1_’.:2l’t’1}Sl”\u20acI’ forms, but by that time. the<\/p>\n
complainantsdecidedAi1ot”‘to sell their shares. Therefore,<\/p>\n
 ..t_l.1ey’v.:_rei’tisec}.to siga1″”fi’e’sh transfer forms and to deliver the<\/p>\n
l=,sa.me”!’o”t.he .s”eco’nd accused and at the same time they also<\/p>\n
struclil oFi’th’ei_i’ signatures found on the transfer forms which<\/p>\n
‘they hadllsigned earlier and delivered to the second accused.<\/p>\n
~.:B11lll’l1’Q\\N\u20acV\u20acI’. those transfei’ forms remained in the custody<\/p>\n
“‘\u00ab*’of”th.e second accused and subsequently on suspicion when<\/p>\n
ll\ufb01the complainants made enquiries they came to know that A2<\/p>\n
to A7 colluding together and on the basis of the l’orgged<\/p>\n
transfer forms have transferred the share liolcliiiggs of the<\/p>\n
complainants in the first accused Company in the name of
\nA8 to A10 and thus the accused have eonmi_ivt.te’d’4lthe<\/p>\n
aforesaid offences.\n<\/p>\n
4. Upon presentation of the
\nMagistrate referred the cone1pl’aints”._lo’i”\n<\/p>\n
provided under Section    submit
\nreports. On the basis jitzrisdietioiial
\npolice registered cases 11iiiliriifestigation. After
\ncompleting the  reports in all the
\ncases. ‘[‘1~1=i-’34”  tvere served on the
\ncomplai”n’a’n1’sl..:andlllithlereiafter ti\u00ab1lexcolmplainants filed protest
\n filed by the police and<\/p>\n
expressed their ‘wilVli;.’1gr:.es’s”t.o take the burden of proving the<\/p>\n
 alleged inn”tih~e——complaint by themselves. Thereafter<\/p>\n
 t,he”ieaA1’11ed :Ma’gist.rate recorded the sworn statement of the<\/p>\n
cornp’iainan.ts_ and the witnesses produced by them. After<\/p>\n
‘shearing the complainant. the learned Magistrate by separate<\/p>\n
ll..:iordersy&passed in each of the cases. held that there are no<\/p>\n
prima facie grounds to proceed against the accused persons<\/p>\n
 for any of the offences alleged in the complaints and in that<\/p>\n
View of the matter the learned Magistrate accepted”B’ report.<\/p>\n
Aggrieved by the said order the complainants filed revision<\/p>\n
ON<\/p>\n
petition before the teamed Sessions Judge which were later
\ntransferred to Fast Track Court. Chan1arajaI1ag_ar.:
\nPresiding Officer of the Fast Track Court by  .
\nare challenged in these petitions,
\npetitions affirming the order of
\nagainst these orders, the prese11t_.petit’io;nS    <\/p>\n
of Cr.P.C are fiied.\n<\/p>\n
5. Though the  i’r1d.:.tt’i~ese~f”petitions relate
\nto pre–cog11izaf11’C\u00e91’\ufb01eridd, su’oh,”:–‘the…:iaersor1s named as
\naccused in\u20ac.n’ecessary to be heard,
\nnotice    to the respondents and
\nupon   before this court through<\/p>\n
their 1e_a1’I1edd’~r’,oLtnVse1.  V\n<\/p>\n
6.  have hea’rd_bot.h sides and perused the orders of the<\/p>\n
_ eoarts be\u00a7ovw:”\\,.,. ‘
\n  “of-._t1j.e compiaints filed by the petitioners are<\/p>\n
p1;od4uced..aIe.11fg with the petitions. On perusa! of these<\/p>\n
V.,con1p1a’;i3f1t’s it is noticed that the avermellts made in the<\/p>\n
‘*.x(‘TC1i1_”1\u00a7)”i’A,EiiIitS are vagtie and bereft of necessary particulars to<\/p>\n
  eo}nstitut.e the offen<:es aiieged in the conipiaint. Though it is<\/p>\n
it<\/p>\n
the specific case of the coinpiainants that at one point oi'<\/p>\n
time. they intended t.o sell their share holdings E1I1d_H,'l_:ei7_'(L3(I"OvI'\u20ac.<\/p>\n
they signed share transfer forms and delivered:thieriifit'o._ftifs.e.' .<\/p>\n
second accused. but the second accused'"d'id:'~t1o't:. effect<\/p>\n
transfer within the period of valid:-t-y,d3 nowhere  tii:1-e<\/p>\n
complaints the specific dates -on  the!'co.{1tptaii1\u00a7ant.sdd?<\/p>\n
executed and delivered the  _tra1is'i7e_r\ufb01forniis to the
\nsecond accused has  sp–eit"u.r_ther though it is
\nstated that subsequently"A2tcaniei\ufb02tqyi.i\/t3\u00a7\u00a7~',:i%jt;.riipiainants with
\na request to de'ii'y'e;vr:y1.riew:iy  forms. again
\nthe  on which the second
\n with such request
\nhas nothbeeni Wcoiilplaint. Except the mere<\/p>\n
statjenient on tVhe_part; ofvthe coniplairiant that when the<\/p>\n
 \u00ab–.secO:ndd :\u00a7LCCL'..S\u20acd canie"'to them with a request for deiivering<\/p>\n
   forms, they struck oft" their signatures<\/p>\n
found on  earlier transfer forms, there is absolutely no<\/p>\n
',.rnaterial"'produced by the complairaants to prima facie<\/p>\n
.,:i:s:,tVbis't–antiatce that contention. The courts beiow have rightly<\/p>\n
'  observed that the contention of the complainants that even<\/p>\n
 after st'riis'.ing off their signat.ures, the share transfer forms<\/p>\n
remained in the custody of the second accused cannot be<\/p>\n
beiieved. I do not see any error in the said finding of the<\/p>\n
courts below. As a prudent persons the complainants it'<\/p>\n
really*had struck off their signatures found on ihewtransler<\/p>\n
forms on account' of their changed decision of not se'li.ii&g__:'ii:_e.' .<\/p>\n
share holdings would not have allowed t'uhose"ti'a:I1vsi'er foyrms <\/p>\n
to remain in the custody of the secon-do f\u00e9ict<\/p>\n
remains that the complainants have laclniitteda.'that:4E,hey'\u00a7 had <\/p>\n
signed and delivered share   the second
\naccused for effecting   In absence
\nof any particulars as    shares were
\ntransferred arrd 'oi7.t:What._ tliiejvc-ourtsibelow are right in
\nholding thal  ifor taking cognizance
\nand to  Both the courts below
\nhave  complainants have failed to<\/p>\n
place any niiaterialto frrocieed against the accused persons. I<\/p>\n
 .__do  see any er'i'oi"*'*i*i1' the findings recorded by the courts<\/p>\n
 below _ Ptoigrourids t.o interfere with the said order.<\/p>\n
 '"'Accordtj_ngjly, these petitions are dismissed.<\/p>\n
335-'\u00a7
\nltzdg\u00e9<\/p>\n
KVN*<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Smt O V Vinodamma vs Kollegal Industries Ltd on 20 January, 2010 Author: K.N.Keshavanarayana IN THE HIGH COURT OF’ KARNATAKA AT BANGAI..ORE DATED THIS THE 20″” DAY OF BEFORE} THE HONBLE3 MRJUSTICE K.N.K1335H.A’v*;\u00ab.r\u00a73.R2?ai\/ANA..:u CRL.P.NO.4893\/2006 C\/W 4239;..439.\u00e9’–&’:48’94\/~2:0_Qmg:,_7 IN CRL.P.N0.4893\/2006: V \u00ab 4′ BETWEEN: Smt. O.V.Vm0dan1ma__W.\/0 E O.R.Varada1~aju. Major] ‘ ‘ __ R\/0 No. […]<\/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-246005","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nSmt O V Vinodamma vs Kollegal Industries Ltd on 20 January, 2010 - 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\/smt-o-v-vinodamma-vs-kollegal-industries-ltd-on-20-january-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smt O V Vinodamma vs Kollegal Industries Ltd on 20 January, 2010 - 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