{"id":49420,"date":"2008-03-25T00:00:00","date_gmt":"2008-03-24T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/hiriyur-taluk-veerashaiva-credit-vs-the-reserve-bank-of-india-on-25-march-2008"},"modified":"2017-12-07T21:46:10","modified_gmt":"2017-12-07T16:16:10","slug":"hiriyur-taluk-veerashaiva-credit-vs-the-reserve-bank-of-india-on-25-march-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/hiriyur-taluk-veerashaiva-credit-vs-the-reserve-bank-of-india-on-25-march-2008","title":{"rendered":"Hiriyur Taluk Veerashaiva Credit … vs The Reserve Bank Of India on 25 March, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Hiriyur Taluk Veerashaiva Credit … vs The Reserve Bank Of India on 25 March, 2008<\/div>\n
Author: A.S.Bopanna<\/div>\n
IN 'I'HE HIGH come'? OF KARNATAKA AT BA;{GAL\u00a7i\u00e9ME~  \"\nDATED THIS THE 25TH DAV r3B*.MAI\u00a7\u00a7\u00a7t_i\"'2%i::3.\"'  \n\nBEFORE  ' 'T\n\nTHE. HON'BLE MR.  A' S__BQI5}%NAl'$Q&\"\"' \n\nHi\u00a3\"x'i'YUR TALUK \\?i\u00a7Ef\u20acASHAiW\u00a7't CREDI1' '\nCO--OPERA'I'IVE :3Qr;f:}.I\u00ab:Tsf LTD; '\nMPJN r<0Ai3,_V   _ ,  \n\nHIRIYUR 57:22 143', \nGH1TRADUR1s'r.,\nREP. BY yrs GENERAL MANAGER.  RESPONDEN'I'S\n\n(By M\/S KASTURi ASSOCIATES, ADV3 FOR R1\nS\u00e9ri: G CEHANDRASHEKHARAIAH, ADV. FOR R2)\n\n'h\n'It\n\n\n\nTHIS WRIT PE'I'I'I'ION IS FILED UNDER   _ \n1227 OF THE C'.ONSTI'1'U'i'ION OF INDIA. WITH Ex\"-PRAYER.'I'Q: V\n\nDECLARE THAT SEC.35(A) OF' THE; BANK_IN.G .;F5EGUi.ATIC)NS\u00ab\nACT AS UNC'.ONS'1'I'I'U'I'[CINAL AND VE.OLA.T!VE OF PE'I'ITE(}NER'S\n\nRIGHTS UNDER AR'I'ICLES 14,19 '-AND  \u00bb_.F\"\nCONS'I'l'I'U'T'ION ore INDIA; Quasn \"THE D;REcT1\n\n'I'hi:'_~\":  j!rf\u00a7\ufb01\u00a7i3'.t'\u00a7,J'JJ'.lf!I\"i'(';('L.if_['I',1\"'ig 071 '.fai*'}1'c':a1'\"ing, t}*is cl?-y, \ufb02ee\nC.'ou1't madge fi3C.Vf\u00e9)'}i'\ufb01\u00a7Vi11g\"\"._  \" V\n\n.....;+\n\nW1 .1}. G 'A\n\n. w11ic:E1vis..\ufb0131jJ1.1g11eci ai'.A1111cxuI\\: -A to the 1.'u':i=i'i:ic3\u00bb11.\n\n. \"E1316 1:u:t1't1'0ner 1133 also questimlccl the validity\n\n Scvci\ufb01c\ufb01 35A of t11t~: Banldng Regulation Act as\n\n .. u11_.co11'stitution\u00a311 and violative of the pet1't1'o11er's right lllld\ufb01l'\n\n\"\"V_VA1ti\u00e9\u00ab:1es 14-, 19 and 21 of the Constitution of India, that\n\n.--iaspect of the mattm' is not pleased into selvice.\n\nL\n\n.\n'1\n\n\n\n2. 1 have heard Sri Ajay Govindmj, leasfiiedv  *\n\nappearing for the petitioner, Sri 1\u20ac.'K.9istuIi\"\u00a7  \n\ncolulsci appearing for 1we:91)oii\u00a31eJQ:-iti \"  N\u00a2:ji;--1_:\" \n\nG. Chia11d1as11cka1\"aia11, ~v..Q0tIl;iS\ufb01i Vfoif '~SEt';.:O11d * L'\n\n AtiAfi1\u00a3\u00a7'v_o1_;ti-i1:it.,  Itqtiiies to be 11o1':iceci is that the\np\ufb01\ufb01ii\ufb01lielj\/i'ii1'iy11i\"'  Visaerashaiva C-redit Go--opcrative\n\nSociety LtciI',  ivbeitnxi\u00e9stllis Cotut in earlier Wltit Petition\n\n  No;-..24iS80'i'o4 and 25178\/04. The said Writ\n\n  'i?\u00a7\u00a7'tiii4i:J_fa:\u00a7V.u*\u00e91'af:(iisposed of by mtlerr dated 6.12.2004 Wll\ufb01l\ufb01ill\n\n C\u00ab()l,i1*'\u00a3i:~V' iiacl mliecl on an earlier order passed in\n\nw.P.N\u00a2.'279s4,Io4 dated 1,12,2oo4! By the said order, this\n\ni\ufb02\ufb02 app1'op:riate for the pe\ufb01tioncr to approach ih.\" Resryvr:\n\nBank of India itself with their grievance.\n\n:\nJ2\n\n\n\n5. In the \"present petition, the  he \npetitioner is that the clirection dated 18.6  \nRe-eelve Bank of India is a blaiiiczet \naffected the right. of the peiii_tic\"rne1'  apmetlnt \n\nwhii.1_ is due to them _from thefsecond Iespgiitiezitl Hiriyur\n\ncontelids that the alnoiiiit.-af*Rs;u;GG,m.{}}'\"tlepesited b\" we\n\n     \n\npetitioner]    which have been\nclepositect    area and as such the\nban  Baiiit of India is in fact a\ufb01ectzing\nthe  area in 1'l:'.CBiV'iI1g their amount\n\"{hf3_I.'fifOil'ti-,  the Reserve Bank of India is not\n '  ...... ..\n i'\u00a7--'i;teiA'iieepoiidente however contend that in View of\n\ntlie  iespuncleiitj Bank not 1)e1'fOI'.I11il1{',' its banking\niI'1'111et:ieii1s in aeeoitlance with law, the \ufb01rst respondent was\n\nA\":.',1,\",ed to .eeI.1e -l_e _1iJ,\\::<:Le11 only to protect the interest. of the\n\n6\n\npewsrn" "'31-"E Ei':'3.'iGi1i1'{S have been {'.\u20ac})G3l.."i".d 1.1 .--.. 39.16.\nBank. Such power has. been exercised by the fLT3t\n\nVl-\n'0-4\n?*?' \n \n\n\n\nan\n\nn3spo11de11t u_':1c1c1' the Bankillg Regulation   '\nfurt11\u00a2::1' co11te11ded on behalf of: ~\ufb021.-3'   \nillspccttion of the second 1"esp011c1E\u00a331t\/  \n\n011 31.3.2006 whicll mveals    tlvie \n\n39.11,. co11i.i__I.-t:.e:. L be: 13IecaIi(\u00a7t1s'=a11d ha3__dct731io1atEtl\n\nf'1i'u'1r:i' it IS t}"e'"af'*"-1% a$te::1pted is L;e'Vj].i:-9;i.\ufb01e.. 0.-.1 bc11..!f -f\n\nthe first IBS1)Ol1\u00a71&1\ufb01. i'h.&'f.'"'f.'!1::('i'."   'b:":*"1g in '\u00a31.16\ninterest of  as the depositors\ncannot' I); V  .   s\u00e9niol' c;m.111sel on behalf\nof l'l1\u00e9;vv'f11"\u00a7zt 1  refers to pamgzraph 6 of the\n the details of the reasolas\n  i)'VElf3\u00bb.1 1"\ufb021{3 \ufb01mt 1'ESpO11d6l1t before isstling\n \ufb01uijt\u00e9li   \ufb01at". as it way, what IEql1i'1E'.S to be\n\n 1"zr..rtiCt-.e;l 'i\u00bb:.=. 'Vi;!.V\u00e9'21;V..;11-3 pctitL011e3.r 1121121-- is a. cnaclit co-operative\n\n alt: hi vn\u00e9cd of the amount. depositccl by them with the scc:o11c'1\n  3'3s_1io11de11t, since the 33111:: is to be disbursed to the falmcls\n__\u00e9u1d the ban ilnposecl by the fast. respo11de11t on the secrond\n\nrespu-11c1e11t.f Bank has aifcctccl their right.\n\nI\n{I\n \n\n\n\n7. In this rncganzl, though cleta\ufb02ed 1taso1_1$:---- ~\n\ngiven by the \ufb01.I'St 1espo11c1e=:11t, the _fu\u00bb1'thc1'  A.1'ht=._ \n\nobjecrtion s.tatc1ne11t.is that the i11sj3ccfii)13'TV01iTT'3 1';."-\u00a7.'2(')i):?3~..h%i3:\n\nnot indicated any i1I1pr0ve11jc'r1't.g. On this T'\u00e9_1s13\u00a7:ct...VQt71 the --. L\n\nmatter, the learned cougusel fo:f__fhcV_pe:t\u00a7itioii\u00e9r\u00ab\u00a7fr\u00a7:111;i? c0I1te11c1\n\n \n \n\nhag; c:c:o11tB11c1ccl that\n\n'\u20ac116 "1-ape':t*011 G11 '3'..3.'23""'3 ha-3 not s..a'.==:11 ...z.y\n, , .. __ 1.1.. _\n\nl';[l11Jl'()VEI]1i3j14_1i2,3...:v    :1\n3.7.2006   V::i'1V(\u00a7:1(iv':fDVV'CDC)I1Si'itl1tE the bcz-and of\n1ua11a;g!:,;g:m1;:hf'  It\ufb01rhlxdcntf Bank aucl as' such\ntlge sef\u00e9cagx\u00e9i _  has 11661] condtlcting its\n\nb11s\u00a711es_s ahc1..f11eI\u00e9foiE at this ju11cture, it is Ilecessaly that\n\nh  A thv\u00e9z\ufb01 Shotiid be a' Vf\u00e9ifiew by the \ufb01mt Iespondent. _t.o ccmsider\n\n  the 1J1*\u00a2Sc;1i.jJas\u00a7i.{ion as to whethe1* there is any i1I1]_J1'()VE]11t':]1t\n\n 1\\\u00a7$gi'i:'_'d, I am of the: View that this aspect of the mattcl' cannot\n\n'be clecided in a Writ Pet1't1'o11 and at best this could be\n\nresolved only if the petitioner] society is permittecl to make a\n\nI\n\n.3'\n\n\n\n-1\n\ncomp1'c11c11sive 1*eprese11tatio11 to the tint.  ~\nilldicating the subsequc-11!: clcvclopments " t\u00a3_'j3\u00a2;e11: \nplace with mgagnd to the manhgem\u00e9axti 'bf:  \nrespondent] bank and seek 1'e$t1't'=:'-wj of     \nthe c11a11ged ciltttlmstahctes.   is made\n\nby .46 p::tit1'_r11r.:1'., it 'x'-vct,iL1_1:i?_  3 on the \ufb01rst\n\n \n\n"""" """"e1at to la;-_k i11tx3,t1.1s:_ 'sa....=\ufb01s =s,=.11.c1"mi':i5 'ta 9. (.':{."}lC1lESif.'.'l.\n' ,_  'Z: ",J,,,,,';:A,h;'.' i;~....;__._____ ._.: M. 5.... ,'.,...\n3, a,11.:21 assess 'lg fut: pwac 1': as 'rfuutiu 1 m\n\nwhich tlttc  Vi$':fl1t:j.Cfi011il1g. Eve11 though it.\nis stah\u00e9cl  is; VV1;.V~_v=.'$11ed by Reserve Bank of\nIndia i:\u00a7'1t:spcmtlent. and as such the\n1tp1';c;'.3-t:1;tat'i\u00a3J:1:v(;f'th1ieAijet\ufb01ttonel' is not appmpriatc, what. is to\n * 1)tii";.I_:totit:.ad" if, thtittmthc \ufb01rst. 1t:spo11dcnt could pass suc:l1\n   "t'\u00a3tIf"h-:Ijt.'gViBW the same suo-111ut.o and tllerefons the\n\n:;;}1BsI31;:t..;Lg1-11 .0 J: 1.;--.;.c. hy t1_r: pcti .'nne.1* woulcl only 11311)\n\n1.. _ 1:1; - _... --.1...,- \u00a2,. ...... ....- .-... '\nin pm us 1% 1 K," ,-5 as t_.'1.-2 situation\n\n8. 111 the uesult the following:\n\nJ\nif\n \n\n\n\nIIII1\n|-I\n'Inn'\n\nORDER\n<\/pre>\n
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Karnataka High Court Hiriyur Taluk Veerashaiva Credit … vs The Reserve Bank Of India on 25 March, 2008 Author: A.S.Bopanna IN ‘I’HE HIGH come’? OF KARNATAKA AT BA;{GAL\u00a7i\u00e9ME~ ” DATED THIS THE 25TH DAV r3B*.MAI\u00a7\u00a7\u00a7t_i”‘2%i::3.”‘ BEFORE ‘ ‘T THE. HON’BLE MR. A’ S__BQI5}%NAl’$Q&””‘ Hi\u00a3”x’i’YUR TALUK \\?i\u00a7Ef\u20acASHAiW\u00a7’t CREDI1’ ‘ CO–OPERA’I’IVE :3Qr;f:}.I\u00ab:Tsf LTD; ‘ MPJN r<0Ai3,_V _ […]<\/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-49420","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nHiriyur Taluk Veerashaiva Credit ... vs The Reserve Bank Of India on 25 March, 2008 - 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\/hiriyur-taluk-veerashaiva-credit-vs-the-reserve-bank-of-india-on-25-march-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hiriyur Taluk Veerashaiva Credit ... vs The Reserve Bank Of India on 25 March, 2008 - 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