{"id":92891,"date":"2009-06-03T00:00:00","date_gmt":"2009-06-02T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/vaikund-property-vs-the-asst-general-on-3-june-2009"},"modified":"2019-03-03T10:07:19","modified_gmt":"2019-03-03T04:37:19","slug":"vaikund-property-vs-the-asst-general-on-3-june-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/vaikund-property-vs-the-asst-general-on-3-june-2009","title":{"rendered":"Vaikund Property … vs The Asst General … on 3 June, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Vaikund Property … vs The Asst General … on 3 June, 2009<\/div>\n
Author: P.D.Dinakaran(Cj) & V.G.Sabhahit<\/div>\n
IN THE HIGH comm' 012' KARNATAKA AT BANGA1;\u00a73':\u00e9'E,T:\n\nDATED THIS THE 3rd DAY OF JUNE M39,    \n\nPi?ESEN'I' ;  \n\nTHE HON'I3LE MR. 13.1). DI\ufb01\u00a5AKAiI\u20ac?A!\\E.;;_A-CHIEF \n\nTHE'. HOBVBLE MR.JU$Ti{\u00a7E._V';.{}.SAI3}\u00a3A\u00a7iIfIE\nWRIT PETrfi0f{ .NC).1?3\u20ac%98i';_?(\ufb02):G9_\n\nBETWEEN:   '\n\n1 v;u%KU:~: I3' PRCZvP\u00a7',I?'JY- DEVELGPMENT (PVT) LTD\nA1CQMPANY..V_R'EGi'ST'ER\u00a7\u20acB AND INCORPORATED\nU'N_DE'.R 'TH E~.coMPANI'E:s ACT 3956,\nANIIHAVING \u00a3'I'$ Q-TFECE AT\nRAM LAKSHMAN_ APARTMENTS No.39,\n\n; azaaoum, Roan}. V.V.PURA\n BA_N\u20ac3}LAOfi'E 4}__,___REP.BY rrs MANAGING\n 1}\u00a7~I\u20acE3{;?TOR, MR R.V.NA'I'HAN.\n\n 2'  1  5\u00bbi\u00a7&'--\u00abR.'\"{?.\u00a7!4\u00a7_5fHAN\n\n U  LA'f'E VRAJARAMAN\n R\/f'a.'7\u00a3'.i'g_i\u00a3\u00a7>.2{)5, RAM LAKSHMAN A\n\" AI4'EsR'I'MENTS NCL89,\nDIAGONAL ROAD, V.V.PURAM,\n\n' ~  BANGALORE 4.  PETITIONERS\n\n  \"gm Sn: GIRIDHAR 5:. co. )\n\n\"  WLNI) :\n\n\n\n1 THE ASST GENERAL MANAGER\n\/AU'}'I~IGRISED OFFICER , .   _ \nIHMAN BANK, M.G.ROAQ,BRAN{3H,I  ' '\nNO.13.0, UNITED MANSIONS   '\n\nM.G.ROAD,   .  \"  \nBANGALORE 560 001.   RESPQN'*DE'N'I\"\" \"\n\n(By Sri:KESI~IAV BHAT, ;..ADVOCP.'\u00a7\u00a7E.--. -\u00bb;;_\n\nTHIS w.P. \u00a38 FILE}i) ' 1?1=:AiY1!\\:{;;..,'1*{_>_ QLIASH THE\nORDER PASSED BY THE\" pasrf R'?1*3C\u20ac;'Xf'\u00a7}P\u00e9iY APPELLATE\n'I'RiBUNAL, cagrmal m;\"2?v.4420:'r9_ IN'.R,A'. (SA) 149\/2008\nArm CONSEQUERTLY i:3I$Mz\"ss4v'r}1.E\u00bbV,sA1D APPEAL FILED\nBY THE RESPf'\ufb02fiI\u00a7fE}I'_JT'v3AN'i<::  \n\n "%a'E{1 fi':    for Preliminaxy Hcaiing\non this "day,"SABHAHIT_J'.,_iILad:: the following.\n\n,  E R\n\nThisx vz\ufb01t  \ufb01led haing aggrieved by the\n\n 2  judvgi1iz.e3;f apd  passed by Debt Recov:-:13' Appellate\n\n "I'Vi\u00a2ib111;z::1, (;E:.\u00a21=a;\u00e9i12after called 'the: Tribunal') Chennai dateti\n\n  I$% .2L(S,.A.)149\/2008. The Writ petitioners have\n\n'V  "iv?-:gr\u00a7 i1ashing of the order passed by the T\ufb01bunai\n\nu  \u00a7"}'.4.2009 and for 3. ciirczction t0 the Bank not to\n\n--  ix-1Vt'\u00e91'f\u00a3'\u00a2:rc=: with the peaceful possession and enjoyment of the\n\nT  '";\u00a7\u00e9'Q'\u00a3iox1er No.2 in scheciule-B pr(3perty.\n\nV)'\n\n\n\n2. it is I.'-1V6I'I'E:(Z1 in th\ufb01 petition that gas \n\nthe pr(3{:eediI1gs-Ixi\u00e9iarl Bank I'e;31*es<\u00a73t;tc:cL--  '4'*.\u00a5\u00a7{Lth9fis\u00a2d'_'V J, T T\n\nO\ufb02icer initiated proceedingza beiinjc [Debi  \n\nTribunal, Bmgalore in Orighai Ap\ufb01\ufb01a\ufb01\ufb01cg N$;3f\u00a73 for\nrecovery of a sum of :\u00ab  the\n\ufb01nancial assi$tanceAV_eXtem'1gg1:T"   was\nsecured by way 0'-Vf    interest in\nthe land and   immovable property\nbearing     Bangalore, which\nproperty   schedule-A to the writ\n\npetitien and i;:1 addi'ti.O;:_,  sc\u00e9ond petitioner is a Guarantor\n\n   the sttcond petitioner is the sole\n\n  of the apaxtmcznt bearing No.2(}5. Ram\n\n  Lakshman %A13;q'%jrm11'A"%;\u00a2nts, N089, Diagonal Raad, V.V.P1m.am,\n\n 4i3~;anga1(;I:\u20ac;,V"'.\u00a7\ufb021i c:h is more\ufb01lliy described in schedule-B\n\n   the pendency of O.a.No.36\u00a7\/2602\n\n '-:t:s;App\ufb01dQ\u00e9nt~Bank proposed to issue a notice uncier Section\n\n"-4 1':3'(2) of the SARFAESI Act, 2092 by notice dated 26.9.2005.\n\n ;I'he petitioners \ufb01led detailed objections to the notice issued\n\n\\\/'\n\n\n\nunder Section 13(2) of the SARFAESI Act  _\n\nconsidering the oiajections, the :espQ;1dent~Ba;i*.1{:fi;\u00a7jree\u00a7tent:g\u00a7"  \n\nto proceeei against the schedule   \n\nthe petitioners were constrained to challenge  en.  ,\n\nthe part of the nespon\u00a2i'ea.:1;'t4Ban_ k   i\ufb01s\ufb01mting\nW.P.No.2604\u00ab8\/2005 begfdre :'his:_ :55 Jsaicl writ\npe\ufb01\ufb01on was (iisposed  pf   directing the\n\n::espondent~--Ba_;nk' 'cor\u00a7:sider\u00bb.V~fh\u00e9~s\u00a7 a?id-- Vobgec\ufb01ons and to take\n\nappropxii\u00e9fe 'AdAe?:;isie:i;'"ixi'"s\u00a7rict e\u00e9m\ufb01liance with the Act aad\nRules  \u00e9ito'   same as expeditiously as\n\npossible,   of two months from the date\n\n  of   ceijy n_f___thc csrder, if not aiready disposed of.\n\n I-:feWever_, "abje\u00e9it\ufb01ons of the petitioners were :10': considered a3\n\n the  issued in the Writ petition and noti\ufb01cation\n\n; isie\u00a7;;;e\u20ac\u00a7.;1\ufb01\u00a3ier Sectien 13(4) of the smzpgasz Act. Aggrieved\n\n ..\u00a53},~.ee\u00a2;;;e Vvwgossession notice date\u00e9 16.6.2066, the petitioner\n\n.'   proceedings before the Debt Recovery Triblmai\n\n "under Section 17 of the SARFAESI Act, 2092 which was\n\nregistered as ASA.N0.1?1\/2006. The respo3:1deI1t~Bank\n\n\\.--\u00bb"\n\n\n\n \n\n4. The learned Counsel appe\u00e9rizgg 'f_0:'t' i3:\u00e9.'t:' \n\nsubmitted that the petitio1:ze;1".s_ hav6\u00ab i'1'o objcfiiii\u00e9tl Tori  \n\n1:*espondm1t-Ba1:1k to maiise:   of\nmortgaged property. .  Hpwav\u00e9fg  le\u00e9fii\u00e9d counsel\nsubmitted that responcij\u00e9'nVt+'Ba--i:1;"'  against\nthe properties:..deiV$\u00a5c;:\u00e9be(1:AVV'\u00a7;:{   \u00e9ihe writ petition.\nFor realisat36I'i'Vb_'<oif;'-  gxstitioners in the first\ni\ufb02stancc  NGs.2(}2, 203 and\n103  fmm the safe of the said \ufb02ats\n\nis not su\ufb01'1c_if\u00e91;?;,  '~'\u00a7rfit.:_".?petitionez's have no objection for\n\n proceig\ufb01\ufb01iiixg v1;1;\u00a7;\u00ab.sa1e of SChf:d12l\ufb01~A pmperty which is\n\n \u00bbinft}1_:t: Q\u00a2c;1p%itiQ_n of the petitioners and apart from seeking\n\n  Writ p\ufb02\ufb01\ufb01oners are not gzursuing any\n\nV ' oth\u00e9r mm this writ petition. A\ufb01\ufb01avit of Sri.R.V.Na.tha:1\n\n  is  '\u00a5_i;1e Managklg Director 0f the first peti\ufb01ener and\n\n  s\u00a2'coa'd petitioner in this writ petition has been \ufb01led\n\n  -~n:3Viterating the sufamissions of {he iearneci cmmse}. appearing\n\nV for the writ petiiioner magic before this court.\n\n\\5-\n\n\n\n5. Copy of the amdavit has been served upo\u00e9;i.._\u00bbthc\n\ncounsel appearing for the respon\u20acient~Bank and  \n\ncounsel appearing for the m$ponden'\u00a3--Bank  V'\n\nliberty may be reserved to the  u\n\nagainst schedule-\u00abA property if the SQ:   .'\n\nthe ai\ufb01ciavit \ufb01led by the writ  is izgf: for " L'\n\nsatisfying the claim of the   View of\nthe said mxbmission a1i{i t3:1.c\u00e9'-- _a1*\u00a7ic1s{{ii\u00a3'f\ufb01ied_ by the second\n\n;r3eti'\u00a3io1j\u00a3\u20ac:f; ia;*e   \nThe "   \ufb01rst sell the property\n\ncomprisedApa1%t;a\u00e911{S'.!\u00a7fo.2O2, 203 and 3.03 as ciescrdbed\n\n =  in  a\ufb01idgvit \ufb01i\u00e9ci.hyrL:\u00a71iR.V.Nathan~second petitioner who\n\n    Directsr of the \ufb01rst respondent and if<\/pre>\n
 V  cannot be sold or the amaunt realised by<\/p>\n
 the  i$ net suf\ufb01cient for satisfying the claim’ of<\/p>\n
 ..theL—r\u00a2s1;;(\u00a7nc\u00a5cnt~Bank, it is open to the mspondent-Bank to<\/p>\n
—   against the gropcrty described in ‘A’ schedule to the<\/p>\n
”  petition. Apari from making the abcvc $a:id observations,<\/p>\n
M<\/p>\n
the writ petitioners are not entitied to any other<\/p>\n
Writ pef\ufb01ion.\n<\/p>\n
Aacorciingly, the wrii peuti\u00a25:;, fis.V_;1is;5’o-sgav cgf,<\/p>\n
above said observations.    ‘
\n V’   <\/p>\n
I\ufb01disxz Ycss,\/. T\/\/””\n<\/p>\n
._ J,<\/p>\n
”   Y\u20acs\/ No<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Vaikund Property … vs The Asst General … on 3 June, 2009 Author: P.D.Dinakaran(Cj) & V.G.Sabhahit IN THE HIGH comm’ 012′ KARNATAKA AT BANGA1;\u00a73′:\u00e9’E,T: DATED THIS THE 3rd DAY OF JUNE M39, Pi?ESEN’I’ ; THE HON’I3LE MR. 13.1). DI\ufb01\u00a5AKAiI\u20ac?A!\\E.;;_A-CHIEF THE’. HOBVBLE MR.JU$Ti{\u00a7E._V’;.{}.SAI3}\u00a3A\u00a7iIfIE WRIT PETrfi0f{ .NC).1?3\u20ac%98i’;_?(\ufb02):G9_ BETWEEN: ‘ 1 v;u%KU:~: I3′ PRCZvP\u00a7’,I?’JY- DEVELGPMENT […]<\/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-92891","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nVaikund Property ... vs The Asst General ... on 3 June, 2009 - 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\/vaikund-property-vs-the-asst-general-on-3-june-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vaikund Property ... vs The Asst General ... on 3 June, 2009 - 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