{"id":71080,"date":"2008-11-06T00:00:00","date_gmt":"2008-11-05T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/smt-taramathi-jain-vs-state-bank-of-india-on-6-november-2008"},"modified":"2015-08-11T13:32:31","modified_gmt":"2015-08-11T08:02:31","slug":"smt-taramathi-jain-vs-state-bank-of-india-on-6-november-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/smt-taramathi-jain-vs-state-bank-of-india-on-6-november-2008","title":{"rendered":"Smt Taramathi Jain vs State Bank Of India on 6 November, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Smt Taramathi Jain vs State Bank Of India on 6 November, 2008<\/div>\n
Author: P.D.Dinakaran(Cj) & V.G.Sabhahit<\/div>\n
IN THE HEGH COURT OF KARNATAKA AT BANGALORE\n\nDATED THIS THE new DAY OF NOVEMBER \n\nPRESENT\n\nTHE HGN'BLE MR. m. DINAKARAN, cHEzEEE3uS'ricE     \n\nAND}:\n\nTHE HGIWBLE MR.3,L'SaT'IC'E'~\\_f;C3. saa\ufb01aiarr  \n\nwan' PETITEGN :vo.;;;;SY;3#.3,g%2aoe.E(%:;a\u00e9E;9%r<:)L \nBETWEEN:   '    \n\n1 SM'?_vTA_RAMATH<I"J.\u00a7-u\u00a7;~--_.  \nEwgo "'I7E3KE:\u00a3\u00a7A\u00a5\\\u00a3-V.3AI_N '    \n\n AGED' ABOUT ~$0"YEARS5\n\nms? .M\/"3:"-MAE!\u00bbEEEAPACKS\nRxo1P:.o"r_ NCjEE_8?~._B'AIKAMPADI INSUSTRIAS.\nAREA; BAIKAMPASH, MANGALCRE-011\n\n2; V sax TE": "Ka\u00a7.RAN JAIN\nE E E.s;oE PANNALAL EAXN\n.,{\u00b0\u00ab'\u00a3-3E4Q"\ufb01s_BOUT 52 YEARS\n\nH "ap\u00a7;,{';v1* mo 37 BAIKAMPADI INDUSTRIAL\n'  ;;REA,EBAIKAMPAm,\n "---{\\#Av.''-.S'\u00a3:\"'T Asxms\n'ms omen. PASSED BY THE DEBTS RECQVERYVAPPELLATE\nTRIBUNAL Ci-\u00a7EN%\\2AE on 1.8i;as,%'%9R@%pucE9i:--e>aaEw1TH AS\nANN--B AND RESTORE_ 'me \"_AP3Pi:-,.A':.~.V_.V'.,' \n\nAND GRANT s\ufb02cmek  TO MAKE THE\nQEPOSIT AS FER_ TH\u00a3:' okmsas-.':nsg?:f;t.cfvA.Vti*2e__ ceunse\u00a5 appearing for the parties.\n\n petition is \ufb01igd being aggrieved by the\n\ner\ufb01\u00e9aarV\"'vpa?ss;.ed by the Seat Recovery Appe\ufb01ate Tribimai at\n\n xCi2gAnnv\u00e9i dated 2.5.6.2008 wherein the appeliate Tribune;\n\nMgiir\u00e9cted the petitioners herein to depesit Rs.4,50,GOG\/---\n\nV  (Rupees fcur lakhs \ufb01fty theusand oniy) with the 1\"\n\nrespondent Bank, in two instamerzts each at R.s.2,25,Ct00\/~\n\n\\93'\n\n\n\nfirst on or before 31.7.2903 and the second one on or\nbefore 28.8.2008, feiiing which the proceedings sVn'ai;i\"stand\n\ndismissed, without any further reference to;t'rs*eJVoftiitiiieei.\n\nOn such deposit, the 1\" respondent Ban.\u00a7c..er\u00a7s,, \"to. \n\nkeep the said amount in interesi;_ear.ninjg '''...noQ~giien*ec;oent'. '\n\n3. It is the case of.\u00bbtne gseti\ufb01oners \n\n57o\/zoo? before the Debt ieg-mryimoiazei Tribunal,\nChennai, was \ufb02ied  ag'.i;riei{ted.._b.\u00a7gA\"tn,e award passed by\n\nthe Qebt Recoveryfifnbionei,\".\"\"._i3eVngalore, in GA.\n\n  appeal interim applications were\nfiled fog \"iyaivgg A..5f-V:i'i\u00a7e\"'\u00ab3'mount to be deposited under\n\nsection   tore Reoovery of Debts Due to Banks and\n\n _Fi\"neni::ie\u00a3 \"In'stitutiVons Act, 1993, and on hearing the said\n\n  order dated 25.6.2098 the Appeilate\n\n1'ri_i3unai',tdiArected the petitioners herein to deposit\n\n nRs.4\",5.{\u00a7,600\/~ in two instaiments each at Rs.2,25,00G;'-\n\n 'first' on or before 31.7.2068 and the second one on or\n\n   vfbefore 28.8.2808, failing which the proceedings snaii stand\n\ndismissed, w\u00e9thoot any further reference to the Trtbenai.\n\nGr: such deposit, the 13' respondent Bank was directed to\n\n\\)-)'\n\n\n\nkeep the said amount in interest earning ' ne-lien'. e..rt:;.znt'.\n\nOn 01.08.2008 since the petitioner did n_\u00a7\"'dieg;e..$iVt:_.:ti\"ie\n\namount of Rs.4,S0,000,'- as ordered _.t:\\.,.,.:._u_j1;\u00a71g:iA..\u00a7\u00a7p\u00a7ei\u00a7L:a't--ei\u00bb\n\nTritzunai, the appeai stood d\u00e9sr}{1_issed\u00abA.in'''\u00abyie.w-.:dfiri:~\u00a7\u00a7V.ii\u00bb;:re- ''\n\nemptory order dated Z.3..\u00a7.2OAG\u00a7Vh*~_4;2,nd \n\npetitioners-appellants being u\u00e9gixgrieuvedii  dire-emptory\norder passed by the ;iaa\ufb01;1eii.*;itei. 'havei\ufb01ied this writ\n\npetition.\n\n4. We__'Vhe'5:ethe'erdi 1_tiie iee:riiVed------eeunsei appearing for\n\nthe jkrit ti\ufb01viviearned counsel for the\n\nres\ufb01oxiiidents. -    \" \n\n it E}. Leardedvvcouissei for the writ petitioners submitted\n\n  t'i11e.A\u00a7p'pe_iiate Tribunei was not justified in passing the\n\n ._erg-\u00a7e':1*\u00a7\u00a7iter\u00a7{f\"Brder and the amount directed by the\n\n\"i\"ri'bueV:ai cdiuld not be deposited due td reasons beyond the\n\n rtcerstrdiief the petitioners; the petitioners are ready to\n\n\"\"V.VVdep:osit the amount ordered by the Tribunai within one\n\n \" \"\"tVweek from today and the impugned order passed ey the\n\nAppeiiate Tribune! may be set aside.\n\nkt?\n\n\n\nORDER\n<\/pre>\n
The writ petition is aiiewed. The pre\u00a2ee.}\ufb01?\u00a7pi\u00a7::tyi\u00a7;r\u00a7’er}<\/p>\n
passed by the Appeiiate Tri_b:.:n_a\u00a7 o’fd’e’r’i\ufb01%i_g. <\/p>\n
proceeding shai! stand disrft:i$se_\u00a3ieA~’e’wieih  :7f:.;’iti3er<\/p>\n
reference to the Tribunal fi)\u00a7”‘-~:1.e:2~d*epo::\u00a7t ef {h5e\u00ab~vameent of”<\/p>\n
Rs.4,50,000\/- is set\ufb01eside Ve:1L:<VijA'\u00a3he.,pet\u00a7fiene.;fsere directed
\nto deposit Rs.4,5{\u00a7,(3\u00a3\u00a7O\/v week from today
\nbefere the 14\u00a7rV.,fgspQ\ufb01de–zi:i\u00a7  deposit of such
\namount   o3F4V\u00e9fovee%'fi'eV\u00a7\u00a7ts for depositing the<\/p>\n
saidVv_aeIT1<_3im1{f'i\u00a5.z$\u00a3_hit3_,_'t?\u00a7e*Atirhieeiranted by {his Court the
\nproceedirfg before the Debt Recovery
\nAppevimie.Tri\u00a53\u00a7::?:.\u00a7\u00a3.e$:._\u00a7h.ee.nai' shat: stand restered and the
\nsame s\ufb01a\ufb02be \u00a3i\u00e9$\ufb01'esed:_"..cf in accordance with Saw. The first<\/p>\n
fe\u00a7\ufb01.p'eh'dent ViE"en:k__:'_sA directed \u00a30 keep the amount deposited<\/p>\n
  th3'e:A;aet\u00a7t\u00a7oners in interest eaming ' no-S\u00e9en account'.<\/p>\n
sal-\n<\/p>\n
‘ Chief ]11S’Ei’33<\/p>\n
sdi-\n<\/p>\n
Judge<\/p>\n
Sak<\/p>\n
W.,\\w\u00bb..-a~4:\u00ab,\u00ab7-unv)—“KW”*””””‘”‘”<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Smt Taramathi Jain vs State Bank Of India on 6 November, 2008 Author: P.D.Dinakaran(Cj) & V.G.Sabhahit IN THE HEGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE new DAY OF NOVEMBER PRESENT THE HGN’BLE MR. m. DINAKARAN, cHEzEEE3uS’ricE AND}: THE HGIWBLE MR.3,L’SaT’IC’E’~\\_f;C3. saa\ufb01aiarr wan’ PETITEGN :vo.;;;;SY;3#.3,g%2aoe.E(%:;a\u00e9E;9%r<:)L BETWEEN: ' 1 SM'?_vTA_RAMATH<I"J.\u00a7-u\u00a7;~–_. Ewgo "'I7E3KE:\u00a3\u00a7A\u00a5\\\u00a3-V.3AI_N […]<\/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-71080","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nSmt Taramathi Jain vs State Bank Of India on 6 November, 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\/smt-taramathi-jain-vs-state-bank-of-india-on-6-november-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smt Taramathi Jain vs State Bank Of India on 6 November, 2008 - 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