{"id":56414,"date":"2010-12-13T00:00:00","date_gmt":"2010-12-12T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-alfin-exports-private-ltd-vs-ms-karnataka-state-financial-on-13-december-2010"},"modified":"2014-04-04T19:09:16","modified_gmt":"2014-04-04T13:39:16","slug":"ms-alfin-exports-private-ltd-vs-ms-karnataka-state-financial-on-13-december-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-alfin-exports-private-ltd-vs-ms-karnataka-state-financial-on-13-december-2010","title":{"rendered":"M\/S Alfin Exports Private Ltd., vs M\/S Karnataka State Financial … on 13 December, 2010"},"content":{"rendered":"
Karnataka High Court<\/div>\n
M\/S Alfin Exports Private Ltd., vs M\/S Karnataka State Financial … on 13 December, 2010<\/div>\n
Author: Mohan Shantanagoudar<\/div>\n
IN THE HIGH COURT OF KARNATAKA AT BANGALORE\n\nDATED THIS THE 13?\" DAY OF DECEMBER';'--2Qj1\u00a7    _\n\nBEFORE  \n\nTHE HON'BLE MRJUSTICE MORANZLSHKl\u00a7}'M'i'~.!}\u00a76OVU_D.\u00a3\u00a7'R.i.\n\nWRIT PETITION NO;.I:f%078\/2'Oi_O 165%) \nBETWEEN:  t \n\n1. M\/s.A|fin Exports Prtivate Ltd'; A} V   \n34 A & B, KIADB Industrial.'_A:{ea--\"~..  .. \nManipal-5746104 . '   7 \nRep.by its\"MZ%:1n.agin\"g Director.'  \n3ayant:A'ro'ra \" '    \u00bb\n\n2.. 3aya.nt,_A\"ro_ra'\u00ab:_;:;,_ ~ 'V\n\nS\/{).R.S'.Ar;o.ra  _ \n\nAged 59 -,rear\u00a7vrt\"      ~\n\nPrema, *4~2\u20ac\":5C  V.  \n\nMangaiaau Colony  \" \n\nM--a.nipa|~'S'Z6'1wG4  '\n.L2[dupi Dist. \" _____  .. PETITEONERS\n\n\u00bb ;(VB\u00bby_SriA_ K,Ctjan__dranath Ariga, Adv.,)\n\n   \n\n'V 1. .44IVI,\/.s'\";vKVa.rantaE<a State Financial\n\nCorporation\n\n.. " *---1.\/1, Thimmaiah Road\n'w,B.anga|0re\n\nRep.by its Managing Director\n\n\n\n2. The Asst.Genera| Manager' 2 "\nM\/s.Kai-nataka State Financial\nCorporation\n3"' & 4"' Floor, Anantha Towers\nCourt Road,\n\nUdLipi--S76 101 .. RESPONDENTS----___<\/pre>\n
(By Sri Bipin Hegde, Adv.,)<\/p>\n
This writ petition is filed und’er*-Arti\ufb01iesV’.”2iZ6_ aind;227  C
\nof the Constitution of India, praying:-to fqu’as’h..the*e:i<\/p>\n
notice dated 26.10.2009, vide Annexo_re–V, etc.- .0 \u00ab. ‘<\/p>\n
This writ petition cortiin.,t_:i”~~on for .pr’e|..ir\ufb01inVa;r\u00a7i”hearing”<\/p>\n
in B–Groop, this day the Court\u00b0madeV the’fo\u00a7io’wingg:–<\/p>\n
Petitioners’–ha\\re’V’so-oght”fof*–quiashing the demand
\nnotice dated 26x’;i10.20092K.{ide_”-~’i’Annexure–F, and have<\/p>\n
alS0 isiougi\ufb01tifoiijcezirtain*othei- releifs.<\/p>\n
2″.._”:'”5h_e1″rveC~o_td.s’revea| that the petitioners had<\/p>\n
v’7D:o:’Vrowedincervtaiinv”ioans from the resDondent–|<SFC.<\/p>\n
  not paid in time. Uitimately, the<\/p>\n
"0.of-4Seic_ured"\u00a7piroperty was put to auction. At that point of<\/p>\n
V5<\/p>\n
time, the petitioners herein approached this Court by
\nfiling WP.No.12502\/2008. During the pendency of the<\/p>\n
said writ petition, the petitioners had deposited \u00a34-,O.61<\/p>\n
lakhs as interim measure. The <\/p>\n
Corporation on appearance, filed  toe<\/p>\n
caiculation, (Annexure~S toT__  <\/p>\n
indicating therein that the\u00bbi'petitio'n.ers   <\/p>\n
sum of ?6,08,770\/~ to show l,thew_bona\u00abme.  Memo of
\ncalculation furthe.;  ff.,t:ha'tf: tjhe OTS amount<\/p>\n
requested byfthe :p'eti't:iV(;n.er.s~__'was,…'"?40,61,O0O and<\/p>\n
interest c_th\u00e9'reon,#i"rro4.\u00abji"10.,6.2007 to 9.3.2009, works
\nout toi\ufb0240,67",'7Z2\/-':'""_,\u00bbs.'\u00abF.urther charges were levied.<\/p>\n
Thais, the totaE__a_rrears, inclusive of further charges<\/p>\n
 ,was?AS4'1,'n6..9A',1.89\/~. The total amounts to be paid by<\/p>\n
'th'e"'petit7io__n.ers after deducting the amounts already<\/p>\n
 paid"'?:"Y'L.them was ?6,08,770\/\u00ab-. At the time of disposal<\/p>\n
 o:ftl_1e said writ petition, this Court observed thus:–<\/p>\n
[#5<\/p>\n
"3. On perusal of the order~shveet"'\u00bbv.
\ndated 29.7.2009 it is clear_.c.._ifhVa'_t4:1:*V
\npursuant to the acceptance of oirie
\nsettlement scheme    V
\nalready paid a sum   <\/p>\n
directed by the COL_ii't".  dispo'-te be<\/p>\n
only in regard  \u20ac6,08,_77'0.\/–\n<\/p>\n
therefore ie.arned'”JLidge”=-has permitted
\nthe peti’tio’ner’  the
\nrespondent-‘coroorationAllvtot\ufb01show some<\/p>\n
 hva*yi’i?Q” regcjard’ ‘to”‘the payment<\/p>\n
  and the balance
\n‘was oi\ufb01iiy :’\u00a7”5;08,7_70\/V? and the order-<\/p>\n
‘ treads that respondent-\n<\/p>\n
‘vcorporaltiori  a sympathetic view in<\/p>\n
the ..V:rnatter in the event petitioner<\/p>\n
ieiquestsbbbefor reconsideration. In view<\/p>\n
 aiiie order-sheet dated 29. 7.2009 this<\/p>\n
V A  is of the opinion that writ petition<\/p>\n
 has to be disposed of directing the<\/p>\n
respondents to consider the request of<\/p>\n
the petitioners by taking a lenient view<\/p>\n
V5<\/p>\n
as stated in the ordensheet dated
\n29.7.2009.\n<\/p>\n
4. With the above observations,-.___
\nthis petition is disposed of. ”  T<\/p>\n
3. Pursuant to the said order, _<\/p>\n
seem to have made an appiicatio’n”=–:b’_efoVte’–_<\/p>\n
respondent–Corporation to take :ienien’t._ ‘vi:ew”‘i7n..A’ti.i_e<\/p>\n
matter. However, the resp’o.ndeh’t~Co.rpo.re’t.ijo*ntisjsuecii.i’<\/p>\n
notice as per Annexure–\\i,——-tii”atet:’..LA26iiO.2O.Q\u00a7 to the<\/p>\n
petitiiohersti’t;,|at’if53\/’i*ng~that\u00ab’t’he”V:petitioners’ account is<\/p>\n
not  not in Doubtful case in<\/p>\n
11IAV.Cate<;:j'or3,:i  oonsequentiy, the respondent-<\/p>\n
 Co*r_iod=tatit;;i_ intihi\u00e9tved the petitioners, that the total<\/p>\n
:VlViV.\u00ab=.a-_t\ufb013i'I'itgfilivsvi\u00a7f2i\u00ab11,28,248\/– with interest payable from<\/p>\n
1Ci';..9.2_'O'O-'\u00a7ui:;' The said notice is called in question in this<\/p>\n
.4 , 'A   ' —-  ~wr.i t petiiti on. W<\/p>\n
4. The respondent-Corporation cannot go
\nbehind the order of this Court vide Annexure-U, dated<\/p>\n
2.9.2009 passed in WP.No.12502\/2008, mentioned<\/p>\n
supra. This Court while deciding the said <\/p>\n
has concluded that the dispute is only…w,iui_j:”_n.Vv\u00a7’:ega_rd3_t’o–,:<\/p>\n
”<\/p>\n
 hack’\/Ank_<\/p>\n
petitioners shall also be directed to clear the__,entire
\nioan with interest thereon. Accordingly, the<\/p>\n
order is made:–\n<\/p>\n
The impugned demand <\/p>\n
at Annexure~V, stands qL’ia’s.hed.”=.The petiAtio–ra..er\u00abs are-”<\/p>\n
directed to pay  thereon at
\nthe agreed rate,  of memo of
\ncalculation yvirie;  payment. The
\nentire dues petitioners within \u00a7_i_g_(
\n  dues are not paid by<\/p>\n
the p’etit\u00abioners;V’V’j_:~ifv\u00ab.._;:s-\u00bb..:’open for the respondent-<\/p>\n
Corporation tvoiproceediin accordance with iaw.<\/p>\n
  Vi\/’rn~i.t:v’pfetition is disposed of accordingly.<\/p>\n
Sd\/-\n<\/p>\n
IUDGE<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court M\/S Alfin Exports Private Ltd., vs M\/S Karnataka State Financial … on 13 December, 2010 Author: Mohan Shantanagoudar IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 13?” DAY OF DECEMBER’;’–2Qj1\u00a7 _ BEFORE THE HON’BLE MRJUSTICE MORANZLSHKl\u00a7}’M’i’~.!}\u00a76OVU_D.\u00a3\u00a7’R.i. WRIT PETITION NO;.I:f%078\/2’Oi_O 165%) BETWEEN: t 1. M\/s.A|fin Exports Prtivate Ltd’; A} 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-56414","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nM\/S Alfin Exports Private Ltd., vs M\/S Karnataka State Financial ... on 13 December, 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-alfin-exports-private-ltd-vs-ms-karnataka-state-financial-on-13-december-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S Alfin Exports Private Ltd., vs M\/S Karnataka State Financial ... on 13 December, 2010 - 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