{"id":39215,"date":"2010-11-25T00:00:00","date_gmt":"2010-11-24T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-sai-tech-park-i-pvt-ltd-vs-punjab-national-bank-on-25-november-2010"},"modified":"2015-09-07T21:13:04","modified_gmt":"2015-09-07T15:43:04","slug":"ms-sai-tech-park-i-pvt-ltd-vs-punjab-national-bank-on-25-november-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-sai-tech-park-i-pvt-ltd-vs-punjab-national-bank-on-25-november-2010","title":{"rendered":"M\/S Sai Tech Park (I) Pvt Ltd vs Punjab National Bank on 25 November, 2010"},"content":{"rendered":"
Karnataka High Court<\/div>\n
M\/S Sai Tech Park (I) Pvt Ltd vs Punjab National Bank on 25 November, 2010<\/div>\n
Author: H.G.Ramesh<\/div>\n
MFA NO. 5801110\n\nIN THE HIGH COURT OF KARNATAKA AT BANGALORE\n\nDATED THIS THE 25TH DAY OF NOVEMBER 201::  Q\n\nBEFORE\n\nTHE HON'BLE MRJUSTICE H.G.RAMESH.:.::~..   V'\n\nMISCELLANEOUS FIRST APPEAL       'A\n\nBETWEEN:\n\nM\/S. SAI TECH PARK (1) PVT. LTD.  _\nA COMPANY INcORPORATEDV__UNDER.THAE--. \"\nPROVISIONS OF THE COMPANIES ACT\nHAVING ITS REGISTERED OF'EIcE_AT if ;\nNO. 28 (400\/A}, 9TH CROSS   2 \nOFF RV. ROAD, II BLOCK, JAYA}'IAG.AR-- _ \nBANGALORE--560    _,    =\nREPRESENTED HEREINEYITS  '_  ' \nMANAGING DIREcTOR':--.:.-MR.'   '\n\nI .3   \u00bb I    ...APPELLANT\n\n(BY SR1. S.S'.'NAGANAND,77SR. _C'O;U NSEDEOR\n\nM\/S. JUST LAW; P:DVS;) _  \nAND: O L' O V\n1. PUNJAE--vNATIO'NAL'EANK'\n\n _ A BANKING COMPA'NY___REGISTERED\nUNDER  BANKING REGULATION ACT, 1949\n\n\" . AND..HAvING A LARGE CORPORATE BRANCH AT\n\n'f_cENTENARY-BUILDING\" 2ND FLOOR\nNO. :28, .M'.'G.ROAD' *\nBANGALORE>9_f560 001\n\n _ REPRESENTE.D BY ITS CHIEF MANAGER\n\n\"  'M\/S. PRAKRUTHI INFRASTRUCTURE &\n\nI V.DEV'E{.IOPMENT COMPANY LTE).\n\n'~  INCORPORATED UNDER THE\n\n~_:'.-PROVKSIONS OF THE COMPANIES ACT, 1956\n NOD54\/1, TUMKUR ROAD\n\n., \"'y\"ESHwANTIIPURA\n\nVBANGALORE 9560 022 Amended vide\n\n\n\nMFANO. 5801[1O\nALL 2 _\n\nREP. BY ITS MANAGING DIRECTOR Court order dt.\nMR. K.N.BALASUBRAMANYAM 20\/ 10\/ 2010\n\n(BY SR1. H.R.KATTI, ADV. FOR R1;\nSR1. R. NATARAJ, ADV. FOR R2)\n\n...RESPONDENT'lfS,<\/pre>\n
MFA FILED U\/O 43 RULE Hr) OF CPC AGAENST-TI}iE”‘<\/p>\n
ORDER DATED 2\/7\/2010 PASSED ON _.I;;…rNt:.2″*~..VIN<\/p>\n
O.S.N0.3I56\/10 ON THE FILE OF THE IADDL, CITY CIVVE-I;
\nSESSEONS JUDGE, BANGALORE (CCHp–2}, p.DISMI_SSI’N’G ‘THE D. E<\/p>\n
T.I.\n<\/p>\n
APPEAL COMING ON FOR AD\u00abNTfI’SSEON,”*THI’S TDAVY,
\nCOURT DELIVERED THE EOLLo\\wNO:”-.eV_  ‘  <\/p>\n
JUDGMEEEHHW<\/p>\n
This appeal by thevplaintiff .isp_direct’e}r1″.against an<\/p>\n
interlocutory  by the trial<\/p>\n
Court   ‘I._WAdAdI. City (Civil Judge,
\nBangalore; 10. By the impugned<\/p>\n
order, the tr4iua11v_:VCot1rtA”‘hetS. dismissed the app1ication~<\/p>\n
 fi,1ed'”bpy tieredW\u00e9tppellanbplaintiff under Order 39<\/p>\n
Rukgd1–@y\u00a72\u00b0;rgcRc u\ufb01\ufb02n ux\ufb01s of RsJ,OOO\/a The<\/p>\n
  applicertion ~\\A2s:f;e:r.s’EV.filed for grant of an order of temporary<\/p>\n
“”E.-:i;’V”\u00ab._ir1junctio11__to restrain respondent No.1-Bank from taking<\/p>\n
A   to enforce the alleged mortgage \/ charge created<\/p>\n
   favour in respect of the plaint schedule property.<\/p>\n
3\u00ab\\}\u00bb\/
\nX<\/p>\n
E.A.2 FILED U\/0.39 RULES 1 3: 2 R\/W sEC.._15’1 OE _C?C  <\/p>\n
MFA NO. 5801(1O
\n_ 4 _<\/p>\n
3. On the facts of the case and in the interest of<\/p>\n
justice, I accept the submission made by the learfri.e_d’..<\/p>\n
senior counsel for the appellant and the learnedcotinsell  <\/p>\n
for respondent No.2 and accordingly make <\/p>\n
order:\n<\/p>\n
[E] the impugned order is9s.et as1’defthe  l  3<\/p>\n
is remitted to the Co_t_11’t  \u00a36;
\nreconsideration  in accordance with ‘ -lawjl
\nall the contention’;   are kept
\nopen; H       V
\n{ii} the tria1’\u20ac.ot’:–rt shall  matter<\/p>\n
(IA.No’.2}.._e3;peVditiou_sly, in  event, before<\/p>\n
 1   ‘
\n[iii] lrespon.dent’-  yh “Pu11j ab National Bank,
\n .not.ll  against the plalnt
\n_,sched’u1_e ‘propdertyisto recover the amount
\n_   .,fro1n ‘respondent No.2 till the disposal
\nA    by the trial Court.\n<\/p>\n
‘l A A1\u00a7pealV’V’di.sposed of.<\/p>\n
Sdf-e
\nIudga<\/p>\n
.  —-_ll\u00a7:cl\/–\u00e91ta<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court M\/S Sai Tech Park (I) Pvt Ltd vs Punjab National Bank on 25 November, 2010 Author: H.G.Ramesh MFA NO. 5801110 IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 25TH DAY OF NOVEMBER 201:: Q BEFORE THE HON’BLE MRJUSTICE H.G.RAMESH.:.::~.. V’ MISCELLANEOUS FIRST APPEAL ‘A BETWEEN: M\/S. SAI TECH PARK […]<\/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-39215","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nM\/S Sai Tech Park (I) Pvt Ltd vs Punjab National Bank on 25 November, 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\/ms-sai-tech-park-i-pvt-ltd-vs-punjab-national-bank-on-25-november-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S Sai Tech Park (I) Pvt Ltd vs Punjab National Bank on 25 November, 2010 - 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