{"id":251919,"date":"2010-10-04T00:00:00","date_gmt":"2010-10-03T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sri-k-n-shivaswamy-so-late-k-vs-karnataka-state-financial-on-4-october-2010"},"modified":"2014-03-28T04:46:58","modified_gmt":"2014-03-27T23:16:58","slug":"sri-k-n-shivaswamy-so-late-k-vs-karnataka-state-financial-on-4-october-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sri-k-n-shivaswamy-so-late-k-vs-karnataka-state-financial-on-4-october-2010","title":{"rendered":"Sri K N Shivaswamy S\/O Late K. &#8230; vs Karnataka State Financial &#8230; on 4 October, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Sri K N Shivaswamy S\/O Late K. &#8230; vs Karnataka State Financial &#8230; on 4 October, 2010<\/div>\n<div class=\"doc_author\">Author: S.N.Satyanarayana<\/div>\n<pre id=\"pre_1\">IN THE HIGH COURT OF KARNATAKA AT BANGALORE\n\nDated this the 4\"? day of October. 2010\n\nBEFORE\n\nTHE I-ION'BLE MR. JUSTICE s. N.  _\n\nWrit Petition N0. 9698 of 2009 (G1\u00bbi+--:2\u00e9:\u00e9'c:)'~~:::  \"\nBETWEEN: \u00ab ' 4\n\nSri K N Shivaswamy\n\nAged about 68 years  *~\n\nSon of late K N aganna L' ' _\n\nM \/ s. South India Match Indus,tries \"-- VV\n\nNo.19-3\/5, Hunsur Road  '  V    \n\nMysore -- 570 017 ' 'A  \"     {:..Petiti0ner\n\n{By Sri N. 'M-a_1f1ohar aha-;s;~1  Balar-subramanyarrl.\n\n  '  Advocates)' 'V \n\n1 Karnataka State Financial\n. -C0rP0rat_ioI1..   \n Branch Office No,2716, L--4\n\"First Floor, Sdwrabha Chambers\nV. 3 Srirlfiarsha Road. Lashkar Mohaiia\nT  aM'j,r_s0re' \u00ab.7 570 001\n  ,Rep\"r~esen1-ed by its\nV As_siSta_ni General Manager\n\nW\u00bb\n\n\n\nfx.\n\n2 Karnataka State Financial\n\nCorporation\n\nHead Office\n\nNo. 1\/ I, Thimmaiaha Road\nBangaiore -- 560 052\n\nRep. by its Managing Director\n\n3 Kamataka State Financial\nCorporation\nHead Office\nNo. 1\/ 1, Thimmaiah Road\nBangalore -- 560 051 V  b -- ' *  ,  V  \nRep. by its Chairman   ._..l.~Re-sp.o_nd_ents' \n\n[By Sri Hernanth Chandan Goudar4,'.A&lt;livocate.i&#039;orlR1&#039;~andlR2i&#039;--.i\n\nSri Gururaj Joshi,i&#039;Adv_Vocate-for R1 to  \n\nThis Writ Petition is filed Li&#039;1\ufb01._ClC!&#039;x Articles 226 and 22&#039;? of\nthe Constitution of India, prayirigft &quot;quash ti&#039;1e*&#039;letter dated\n15-1-2009 vide Annexu.re}M ;rejecting&#039;a.the_ request\/ appeal for\nrefund of the EMD amount ;_of R-s..iE5iiaigh-s&#039;;\u00bb..as~nu11 and void.\n\n&#039;I&#039;his_W&#039;r.it&quot;Pe:\u00a7itionl&quot;c.onii1ig:VVon}for preliminary hearing in\n&#039;B&#039; thisday.&quot;the _Coi1&#039;\u00a7;Vrt rnlade thefollowing:\n1&#039;. _s, n\u00a7RDER\n\nThe lp&#039;cv{t.itionle-if  is before this Court seeking a writ\n\n of fiertiorari fo&#039;rh&quot;qua.s.hing the communication Vide letter No.\n\n &#039;o,M;s--2v1_62r,{o\u00e9:vo9 o 2373 dated 15.1.2009 vide Annexure--lVi,\n\nrejecting&#039; l~hislA&#039;ii=Vlrequest for refund of EMD amount of\n\n&#039;V -- and also for a direction to the &quot;respondents for<\/pre>\n<p id=\"p_1\">&#8220;&#8216;*'&#8221;\\<\/p>\n<p>refund of EMD amount of Rs.5,00,000\/- along with interest at<\/p>\n<p>18% 13.31 from the date of deposit till the date of payrnent:<\/p>\n<p id=\"p_1\">2. The brief facts leading to this petition <\/p>\n<p>Respondents 1 and 2 issued a notification.und_ernSeetionl&#8217; <\/p>\n<p>29 of the SF C Act in the Economiecnffirries &#8216;off\u20ac:1ingl&lt;.tQ_tse1l the\u00bb 7. if<\/p>\n<p>properties belonging to NUS Mysorefariels and_&#039;v_l3oards*:.l5rnrate<\/p>\n<p>Limited situated at Tandavapurg:&quot;i.1ndustrial&#039;ihreafaltlanjlangudi<br \/>\nMysore District on &#039;as&#039; is where: &#039;eondition&#039;;&#039;~ ~&#039;&quot;i&#039;\u00a7o the said<br \/>\nnoti\ufb01cation an offer   herein by<br \/>\nits letter dated  i ,20\u00a7\u00a7&#039;\u00e9V&#039;\u00a7iA:;t\u00a7u;\u00a7g~.&#039;:g;;1_ offer  Rs. 1. 16.50.00{)\/\u00bb<br \/>\nto the land; \u00bb to the plant and<br \/>\nmachinery. * 1 subject to certain conditions<br \/>\ninentioned.g:t1ierein.:  that subsequent to the offer<\/p>\n<p>made&#039; &quot;by the&#039; petitioner herein, a meeting took: place on<\/p>\n<p> \ufb02between the officers of the petitioner and the<\/p>\n<p>reslpopnd:\u00a7fit.;_  the said meeting the offer made by the<\/p>\n<p>petitioner&#039; was increased by one more lakh and the bid was<\/p>\n<p>if&#039;4&quot;..V:&#039;&quot;acceptedthat Rs.1,38,75,000\/&#8211; as against the offer which was<\/p>\n<p>if  earlier made at Rs.1,3&#039;?&#039;,75,000\/~. However, the bid<\/p>\n<p>&quot;&#039;&quot;&#039;\\<\/p>\n<p>sheet which was accepted by the parties does not say anything<br \/>\nabout the terms and conditions on which the offer waspxnade.<\/p>\n<p id=\"p_2\">3. It is the case of the petitioner subsequently&#8217;*wi&#8217;1e&#8217;i&#8217;2uhe<\/p>\n<p>was about to pay the amount in terms of the  the, p<\/p>\n<p>bid. the respondents herein indicated that islVac_cep&#8217;t&#8217;ed &#8216; . <\/p>\n<p>subject to payment of statutory due&#8217;spto;&#8217;_&#8217;i\u00a7i7*;i&#8217;ClL,. <\/p>\n<p>Sales Tax, Provident Fund  other pDepar.trn:e11ts..  the<\/p>\n<p>aforesaid company whose prop_e_rty,_w&#8217;as put &#8220;up for: sale. The<br \/>\nsaid demand of the resfallondentbsip  _:lno_t accepted by the<br \/>\npetitioner on thee.ground&#8221;that  by him was a<\/p>\n<p>conditional one  the respondenitsllialvirllg accepted the same,<\/p>\n<p>they   _o11.,l:&#8217;theiruuterms on the bid that was<br \/>\nfinalized -and demand;_ilth.ell&#8221;&#8216;a.io~resaid amount. After prolonged<\/p>\n<p>correspondence&#8217; betwe-en&#8221;~&#8221;the parties, the petitioner herein<\/p>\n<p> ..r_accept&#8221;v~&#8211;the bid along with the statutory dues<\/p>\n<p>V&#8217; at*,:achAe&#8217;d.\n<\/p>\n<p id=\"p_3\"> l &#8216;j_1n&#8217;the result petitioner herein requested for refund<\/p>\n<p>&#8216;,.of the. amount which was {orieited by he respondents.<\/p>\n<p>it &#8220;forfeiture of the EMD amount was also communicated to<\/p>\n<p>&#8220;&#8221;1<\/p>\n<p>him Vide Annexure~M. The petitioner is before this Court<br \/>\nchallenging the correctness of Annexure&#8211;M and seeking to<\/p>\n<p>quash the same on the ground that the offer made -hinfpfwas<\/p>\n<p>subject to the conditions mentioned therein and <\/p>\n<p>respondents&#8217; officers accepted the s_a\u00bbrhe_tn &#8220;rn.eetii1g_*dat.edV&#8217;t. <\/p>\n<p>14.2.2008 it is not open to therlhp <\/p>\n<p>statutory dues in addition to &#8220;hid aniour1t._  A A A<\/p>\n<p id=\"p_4\">5. On going through the docuinentsavlailableg on record,<br \/>\nit is clearly seen that &#8216;tAhoi1gh.&#8217;VAbthe:Vliiotiiication dated 7.1.2008<br \/>\nstated that the properties of thelaforesaicifionipany are put up<\/p>\n<p>for sale on as is &#8216;where is-., cor1ditionA.an&#8217;d..o\u00a3fers were called on as<\/p>\n<p>is where is &#8211;basli7s,*&#8217;v.tVhe pppet:it,ioI1er has clearly mentioned in his<br \/>\nletter of oifer that&#8221;&#8211;h\u00e9&#8221;i;viIl&#8217;: be willing to accept the statutory<\/p>\n<p>liability&#8217; of the &#8220;saidV&#8217;cornpany to KPTCL, Central Excise, Sales<\/p>\n<p>  Fund, etc., When that being the case the<\/p>\n<p>&#8216;resp_ondent.s ouglrit to have discussed the same before accepting<\/p>\n<p>the  communicated the same to the petitioner.<\/p>\n<p>K'&#8221;&#8221;&#8211;._VV&#8221;Therefor*e,t&#8217; there is a mistake on the part. of the respondents in<\/p>\n<p>  r1ot..c_o&#8217;I1sidering the offer in its entirety and accepting the same<\/p>\n<p>   _pwr&#8217;.e%thout having any discussion in this behalf.<\/p>\n<p>&#8220;~&#8221;&#8221;\\<\/p>\n<p>(3<\/p>\n<p id=\"p_5\">6. Therefore, the respondents are not justified in<br \/>\nforfeiting the amount of EMD which was deposited by the<\/p>\n<p>petitioner at the time of tendering his offer.  the<\/p>\n<p>communication dated 15.1.2009 vide Annexure&#8211;I\\?imr&#8217;ej\u00bbeeting-Vthe<\/p>\n<p>request of the petitioner for refund of EMD E&#8217;1.1&#8217;1&#8243;3t{.&#8217;iiIi.1LV1;&#8221;&#8216;.3::I&#8221;11.tli ;\u00a2in&#8217;d &#8216; <\/p>\n<p>Void and the same is hereby qu:.3ishede.\u00abA ] the<\/p>\n<p>respondents are directed toiepay i.Vhe&#8221;;&lt;:-aid  oi&quot;;<\/p>\n<p>Rs.5,00,000\/&#8211; within two Wee1rst&#039;..i%roxn the*deitieV&#039;:of.&#039;reCeipt of a<\/p>\n<p>copy of this order.   Petition is allowed,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Sri K N Shivaswamy S\/O Late K. &#8230; vs Karnataka State Financial &#8230; on 4 October, 2010 Author: S.N.Satyanarayana IN THE HIGH COURT OF KARNATAKA AT BANGALORE Dated this the 4&#8243;? day of October. 2010 BEFORE THE I-ION&#8217;BLE MR. JUSTICE s. N. _ Writ Petition N0. 9698 of 2009 (G1\u00bbi+&#8211;:2\u00e9:\u00e9&#8217;c:)&#8217;~~::: &#8221; BETWEEN: [&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-251919","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>Sri K N Shivaswamy S\/O Late K. ... vs Karnataka State Financial ... on 4 October, 2010 - 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\/sri-k-n-shivaswamy-so-late-k-vs-karnataka-state-financial-on-4-october-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri K N Shivaswamy S\/O Late K. ... vs Karnataka State Financial ... on 4 October, 2010 - Free Judgements of Supreme Court &amp; 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