Sri.N.B.Gurudeva vs M/S State Bank Of Mysore on 24 January, 2011

[Cites 0, Cited by 1]

Karnataka High Court

Sri.N.B.Gurudeva vs M/S State Bank Of Mysore on 24 January, 2011

Equivalent citations: AIR 2011 KARNATAKA 188, 2011 (4) AIR KANT HCR 273, (2011) 5 KANT LJ 288, (2012) 2 CIVLJ 664, (2012) 2 BANKCAS 60, (2011) 4 KCCR 2530, 2011 (107) AIC (SOC) 20 (KAR)

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ei." {he Ezédiazé {fri}I§§.:'&1{*i. A::%?;:. Wham A '~.§"€ﬁ&?lE'E.:~;'~ <_i<}f':":¥;éE:§i.1.z€'es; ;,{iv'§':1g.; mi' é:in:1.e is {he E2>;é,ez':sé{>n £>i"~.':§§f<;7* ;3€:°'i<}d ax. '2,.vhiC;§"L by {he c7m":i:r2:.t:z.', bt:%!i,wé2e:1 ' i'J.§'1€ §}:"énci§;"}:,1§ d=~::2E§1:>:' vmg {>:'£g:1:3.aEEy éméiged V' '-- i.-5) pa}; ihés {Ti§'€f{§§§.(}E' ':33? $L:%3:§E.iE:%.%E.§z:g 21 .:'19va zizmi €E";s;** <%:'&{ii'i::}r aria? ms»:

veiéiif. <7:€}';'1%,:°a:.?i. §:=31'%:s'«:3é;é1':

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i.im<:: z:ié:s<:E1at"g¢ss E338 sm'ei.y is E3eLt21:,zi--;€ if, a.£'t.ev1f n121kiz*:g :'3u{':h an :;1gr€.<e11'1€<:1t.? {.116 {Tf1"i';".{§§i'.(}¥"

s'1,1<;: the s:.:.ret.}»-"' f:h::--: I:-1t:é<3r Wcmld at onzsssz be i;g:ii=ne§ vi. 011 the p§i.r1c:§p211 debit)? in i:3§£:a{:h_-"

21g1*€ez1':€.I1E: ti} give: time 53:) i[11z?ai, f4E2é'éf'§E§é'{_ {>5 V an ag:.'€:€:1':€11t. is 1.0 p§'€V6I}§Z tﬂ}.'1.é: §'1"<31'T};1"t.'.,-'MA.iL":1C;:

zequiriizg the cmd.i't.o:" JEE) ¢£?i§E__'L1[){"§'I}1v-(Eli?

deblrsr to pay aff 0:19 debt Ltj::_xV1'"1,§r_:1s<:E'f'-grsgiyirig €;§ETi' the debt anci 1 1'1£i'.,T.'§~§§Lli:1§;"f.hUv. }?I;ii1;ji})ﬂ1 dé¥;ri'.'tjV:*; t,.h<3re:by czmsirigg {Ramstz V Bradforci E321:%.king 21:; 1.).'"§'"§ -

per '

9. ;Ef%:é3" rzfi' the Apex C<}u:"':. is feiiowed by éhﬁ E:;%:3rm=:<:§ ":s2§§':;_;j.E€r }a..:{§g_}jé=:" {his {T(;»:,s:'E in ?'v'§£-1}}é1i"21.Sh.i§'&1 .é3..;:;é:x ..V.C0r}30r§;}i:'i0i': Egidp: ['§'§,E?;V_ 3:985 E§.AR 255}, wh€1'€i.}:1 at §3211'a.g;:raph E» ii.

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-mi mi, 'T ;":r_§',3;<5r~_*--::*:'i§,' " .._é:_m<: &C§iS{§3§.'1.2é..I"§_§€?S {E163 E13{Zi'E?'§I"s;' is; Eaeaéemsszé 21.5., 2s.§'£m° «Him 1iaﬁ:)iEi§}' Uf €1.16 E3L1£'€§'_*y' did 130?. 5%.:-z.n:.% ci.§::;<?E":21;'g;r;%{iVx an a(:<::o1.1:2i' of tha g;1':>:m£, of i:3s§ia11I1'1e1":t.55 '£0 §3ri:':mZ;:;a1 judg1"n€%I21.--:1ebtor. Sec:r%';.i0:'1 E35 Endia Cc)m1-act AC1 :*e§3eIs the Vsggid egirfxtjégfg'$i§}1":. "

Urldcr Seciion E35' ever: if {"::I""E".'d:i'i."'€.'2:1" "

s3<:r11e?;.in1@ 'so the ;31'iI1cip21§ 5t,;'d»g§1f;ie11E.»~'ti.:bt:<>.t'2 w§.i,hc:>ut: me 21.396111'. of {I113"'~s§u1"ei'.;§$*'; i.i1e :%;.L1i'lif'{',}?"' standss di$C§:;a;."ged, Sri h'1a11i'is}*:1,'V:Ls:;11"'r1$ti--¢C3:,i:'1s¢} for {he LR" of the ;é3.k'¢1_;:'€£}jj'VA&];:".'.1.(ﬁE;_'iVc')-é":«i ﬁefgyre 11i§: 't}§e decigien in Amrit. IJ21E G;n'é1<:if1;$;;11 idezzd} by his lxszgai reg}rese;f:£:e1'ii\:':§'V €.«-':~:_. ;;3;;;::; of '1' 1721 4-'z1:r1.c::*{:«r§' é1§?;d_-Oé'h€3._rs.€ I*11 i$ 'C:E§3Va{z;13g._1;g.id dawn on pzzgc' "

"'1"}_"1.::%',a{>;_f: {sf 't:.'('?¥.?";"f.E":S'E-1,.Iﬁ*~1..' :51 giV'i11g 2211116 to the §:>:'i§"1ai:§§t::».§,§ M1} i?E§'if§'§'£" .""i,i' E §::':.';f:--.?;»;«;€: up gzm e:;u.2:m§2'{,:g <3?' €'.%":<:é ggoeds pEi:::Cig€£'§ .i.':~: riot V!Lzi{11i.ai'I1OL11'1t 'to 'the: gzlvéng of '3i4.ﬁi;'I"E;1§Vt:_.'§,'.eC) ih'<:__ f;:°.i7{:c:ipz1I debter for mak:£r1.g the:

..':f§:ié.y;n€:z.§. 0? i.'§V'§'<:£v'~~~?E'£E{).I71f3:z' wz'§;h'i1'1 the ﬁlﬁélfiiflg of E5:>,C{.'ir.}r2_ 135 0? {E19 i1'1cE£-a C0nt.ra<:'£ Act. What.

r§:*a.i'1*~g'k;:r}:*;s'i.£%i_2.1t.€s g;fi.x«-'i>:';.g;.§ GE." 8311c :5 tbs: eximasizm pé:%:i§%;.fEv" .213 a.I:E2%{?.}1 by {he e7§>;2€.r2Mr§4 b€i?'.v;=*<5§%;'; {'.'hé::":;. Tixiig"-3 .}i1r.i1"1.<:é;321§ d€'bTl€}§"' wa5% €}rig_3,'iz12-'$33,? e:>E3§.§g§ed "ﬁg: }}£i}3 .§'.E5:{;% <::'e{§i'{.(}r by s5ubsiim.£.§1":g 5: :":§:W sand xzzéiizid' {t<}::E'.:"a1€?'i. b€:"§W€€I1 thczé <:t:'<3:CE:Z%;'.0r and {he §:z"'§T:I::v;r.::£§)a1 r::i<:i3é:<;:* $10 vs'.=-"hic:é': Eh:-3 s3u.:"eiy 602$ rm: "E'h€ ;*<:;:r:s.:;{>:.1 vaE":§; an z:gree:"m:z:'z£T 1:13 _§_,§§V€;'f :'1'1aki:1.g; :~:«;u::.E2 21:1 :;s.g§':::<3m€:::i..Z iihe irréjrséiim" wew :15; 33.35% Eliéé? s:~su:'<-;*i.§; 1316: Eé:E,E.€;%f w:2uE«:"E 21%. ::>r:ax': E36: £':,;:':::€<E {$31. ﬁzz: §_}Z'i1'?:€I'ﬁI}é%§ {.§%3.%;:é.mf :31': E}:"<?2:ai*E'2 £3'? €::E"::é% 2:z;;;z°%:%:':z:'1m'1t'. is ;;f"§%;<% %;'.§:'z':€*. sea: Eifzav; 2.21:: :3f§};'r<:€': <72? s:;u::7E'.:

am ';;§g§E'°&€fé:?I§'1'2{EE3? "H123 §.§:"e:'é;r-2}: ?z..E";s:7 .s:;:,.:'2"::s<t.:),-F §"z*m':':

ﬂu -11- either requiring the creciiier £0 (sail apex:

prinéipal éebmr £10 pay aff the &€bE: 0:" higfrziaelf' '. :' paying caff the debt, ané than suing tha principaff.

debier. thereby causing pm; ::dic;z::j:Q t%:«s:.s':,{1'€£§f_;

It is further Iaid dawn in {hf'S1if§:'€Enaé"{;f'ém§f:

£32186 as: V " 2 A "Thus to sub$tituiEe 'f'<:f"»paymé:1t 'ix:-I 311$ sum payment by _:.nsfLa_1rI1_¢§:is_ am0um's._i:3 zi givixtzg 0f time. Agaiiz, wh«é:1ei%¢:é 3516': fcaking cf' 3.

new security' from 'tbs: .pi--incii';;3.i""<:i(;§f3ia::r by the credit er QpEI'af€S as a -1giv:11*'1g sf ti:ri'<:*.,_'=t1"1é;+_ aurety is no Eanger 1iab?.&»._ fbuﬁ ~r10!;. w§';v»:,~*;*e that transactien 7:.1a;<_=;- no isuch _;€§=fie-r;f;"~' _j._ ' Théréfoiﬁ '---:§:a:§'v.3S'ﬁpreme C0111':

de:j:'iﬁi'é2*:',- .. u G? ' iﬁ3si'vaimer1ts by the de(§r¢e#%§GE<"§<§f debtor amaurits to givingﬁf é:im€"--t0'°i§1<3'ﬁrxifiéipal debtar. Therefere ' ix;-"..2ffiew""vAii"1é" :::i:::::*:;§.5':."p:%i:'i::§Z;39;'E Eiai&"'é7mx%%2 Egg" ..':LiSs3ié::s%;iLA§::..A_E35,A ;€i'i*:<=:~-----'--'F;t'£ai Com": righiﬁi héié mat {he ' 2 .,;§g_i3,i}i:jg*r}f'i}:e surétgz-' Siaod &iscE'zarg&d., "

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1 I' 'I'E1e1'<3£bre' in {"116 ihe 2:i::;r::§;;g1i{i7 decigiens counsel ibr the pr:iitia.1:{:'z' £2-<:s;;'i._s:1':;<:1e; ?.f£1:I3(:1;Ef":€;§i3§i'(';€?; issmsd by Crediior bank uncicsz' 5f3C[.i{).ﬂ 13 of-{§:;.e:'S iE¥',E'A,EE§SVEv_ Attiis 1:101. biildiiig on him. {Gr iwr} f€?Ef;S§.§)11Sf:7'"¥f§I'SI.i}7. in \:i3C.'ﬁf*.Qf t I*1é'"éset.*:.ie:x1£3n£', zxrrived at beiween baf1};--.g1ﬁd p:i'if};'rc:i;5'a.1 b01":'(5&ir'<<1"'i¥ay back in the yrzar 2004 which hEiS4.'1"€'é14C?h'C{iVf§~T;i€?lif§f'{;1E*E.§§!'1'I()fl being; challenged or aitereci at i'§';€:* §}.i.-f~;'sE.'c}1é.Z'"i(,?€i'?"{'3-f_E}2£.E'Zk .s;;4£':;$'E%';g.;.éééz'2E: £,In@z'€€.:;>., £1, ma? {}§}{?E'} its? 3.":=2-"z..::1.Ea:

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Karnataka High Court