Karnataka High Court
S Kalyanaraman S/O S Subramanyam vs State Bank Of Mysore on 23 March, 2011
Author: Anand Byrareddy
Bench: Anand Byrareddy
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Heard the Ieamed C'C>L131Sf;'.1 for 1:116 p§:_i:it:i.:q:i£§r~ :5-md'~ the learnésci C{}L£1'}S€1 far the rcsp<)11dem"..' ;'"}"E:ef§€;* V;:)é:£';i1'.j_jo:*;us_ are heard tzogethcr as t.h«:%j3_;' pa?-f.;ai'.:1 t<)T.-'ihé 'sa°1:1ié petitioner.
2. In these ;§mflc:ee_:Aiiz1gé,'a,..._ ihe. facts are as foilows : ~ 'E'h§3 _-§.;;s:fii:i5(:a'1'€::1f7}*1azj1"'jio'ined the :e;c2nric€s 0f the resp0ndenf;~a4_Bq.,3}§--'- _o'f1.'.1E:3"§'.Qf.1979 as a Direct Recruit O.ffiC€if, He \s,re1a"pziQm<3i'¢ci to Middie Mar1agem.e11t Grade Szjfgiiail x>§;iLi1'4::f::ffi.1&駧i: fmm (}1.10,19'79 amzl to Scale IE with E9923 and {xi} *:,he';=. Smgiez" :"\eie1.I3agerI1e:1fi:
flfimaia' Séz:E§r '§'ir" with s::ff<3r::i, M2111 Q.§_..12.§§93. it is the Vgéa-rii{i?o:3.e:-r'a cage t.}1a.fi: he had. w<>1**k<;é<:i 3:": v:;:m1<>us ___'"{:a;_f;§a.<:ii:i€s in 5-:;a:*,vém'»2.E gfiazstea af Enaizi a_:':+:7£ uE§;§m23,':':{;;éi3; he "*a:g::s~*; E7:';':?§I§€'%="€;":'.{§ frmrs; $:::;'"é2'E<*<€: $21. iE'?,{}.§n2{}{}2, E3: E;.§":::?- yazzaz' 'ii 1998, by a ctharge sheet dated 08.10.1998, it: W"{:1E5 alieged as iE:)E}0ws:
i) The pet:it.i0ner xvzxss azliegtéé to haw: . '4 pOSi'{'.i()I1 by authcxrisixzgg zmd e1f'f*Qrdvi1f:g;jL' i.mmediate f3I'(i'.dif'.S of» -<.:heqL1es -- I. " Eb K' M / ss.Cha11<:1an1ama. Group P.C(i?()'E1I1f§$. "_/..' though the <:}1€quesVw§;r<;2 fl;'.;_§iIv'r1 {>;;: ' iocal banks and U16 Saj'ti<L§§)arties xré 21 sanctioned 11111.1: O:1"'.."'('Z'ii.'~.;-.'~'VI::'.'x",\L1"3t"1i. 0f <i:'i"1eqi'1es which act of the to have .i« V been acts ir1'....viQ};:-3.1:i@nu_ 'Oz. down in s'['ruCt;E'0':t'iF'T:.%fiitxld abuzée 'C3f }1--i"s v.p.0'sitio1"1. Tlne i1:»ista_;":iC::i€-2v _of §i1iovQi:<1g S'L1C.'.h Credits vx.-!hicIr1 were
211.ieged1y \_zéi'c}fidfax3?f;. the actcount holder is contéliiicrd i1*1.A1T':_n"e§§'i:re A to the ctharge sheet."
ii) .i'{--.» _ is alsii)' " aivieged {that the pe1:;.iti0m-tr ' ;'3Li_§})I'E§3S€dV T.f1'ffV information of pc:~:1'mi'{:t.iI1g » azgairist. Lmtriezzred e3:ff€:{t£;s {:'<:>m 0f the <r.<}'r1t::m.1£ing zmtharitty in 2E:e.r_jf1';s. para -- Chapter IE Adxf21n(2es of 929;: 8'? ziaiczci 28,031.98?' aithxtzzxgii the "~_;f<::21t,a;r€ sf i.r23;:1_$22<%t:i{):"2$ *«;»va:«;<s in Elhfif :'1a'm:'{;% OE' ""§£'£E",<;> §'E};i:':;g";
V. 'E'he §;::%§,§§:§{}:'::5§" isg 2':EE%:z;'§&%<§ ii") 1% §727:;%.Ezé:;§ iii} :.>%}i.2,2é.:': :7; 22% camE_E§r2:::?:'i:i<':z'2 E':°»:>r§'; %::§":.«::: {§§';':§2§£{EéTf *3;
zfyx b:*.2:1'3c:}"1 a1bc):.1i: am: fate of s;«;uc:h <:}";.eq:.,1€ss.~; SEIITE-.__ far <t()IE<-3.Ci,i0I1 / :"ea.1is2ati<:r1 and 1':ot'i1'1gg the' in iihe eréhequej reE.:,1rm:ci regisiiexz
iv) '_I"_he pei::ii:io11er allttgeci _¥:,a.
e:1§sL1.r€2 i:n:st'm<rt:ic)1'1s Iaid {3.(,;e"._f.?'I':::i'1'1..E'iC}CV £990 wit}: 1"e3,~g,i;:e1:"ci to _4_c)peii'i:3'§§," of 1 21djust.merzt. E1(3CO'L1I1'f ' . gbxfititig ' 1&7:
tremsac:E.i0I1s 111.} fling 3 . -- . iflzsafeard A' A 'c:1.€s1i'§I1g cheques.
3. The; .:A)& et-i_t.Es:)::i€'r»1i§1r:i._r€;j1.i_ed izci the same. and ssought. {.0 hifés *£;.tag§.'C0nt.e11ded that it couid .:'1'0'1;';' "tIr1"a1;. t11e }5t:'iii;i0I1e'r had committed any m'"is~;(:t>.:1<:¥u_ci;«." }§_.Q'wr;:\}*g:r, e1ft:e2" an enq1?1iry, the enquiry 0i'"iL'i::er'11;1(--i f°(:t:L1*:'§1ed fiI1di11gs that charge No.1 «--._a_r1C{._i% V;-ere:..p:'()veti'; "" 'Gm the basis of which, clisscipliiieiry __21{;tgfi::Trii.j,z'V 1':éid..i':f:1posed pur1is5i'1m<':.m': <:>f Wii:hh(>1di:':g the §I1¢£;:§'f'fi'ET§€i?I.17E""'{';?.'irT' pzzyg rea:§Lz<:ti<>n in time $62-1.};<it by fem"
V'~»ss{=g1§ge$';._?§'E2e: p€;',i'.ifi{}§1€T had <i:i1a_.IE<:.:1g€:d H163: Séifiifi by W213? "rpf2;:';fa;3;3<;%z:1. Eifld E:i':<:% gzppezgi h.2:\:£_:'1§_§ %3:3.{*:n. <iis;n"s§sss;€:(i_ ':.§'1§:
% .V _.g:;;?e2\§;s;%§3'E: writ, ;:>e:@:'¥;;§{i;2'3 is E':Ee<:§. é 6
4., In 550 far as 11116 s:3c:::>1'3<:i pet:1't.i(>':"1 is (',f()1'1(3€£T'€-.3__fi;'.Ci, by 3. C.}:121rg§<-: «:ia'£,e.¢;£ 20.05.1997, the ifbllguwing a(:t:;% Colzducéi, was a11Ieged 2.1gg;2:1i1'1:si'. the: pei:i'£:E£>ne1: "
1) 'I'h<~: pei.it,1'0neI' ES eliiegfjdww "éfo '_11g1v(;= .V§*'1s:.w.T';_ ' obtained prior permisé:i0I}__ T "from rthe "
Controlling AL1f.hOfi{.}"'~._Vf()f '1'vr3lea1si1'T1 _g§' Credit faiciiities.
ii} The pe1;i_t.i011ef net fidvalzzte proposafis or 'Via the
iii) ~'1'"'f'1x:. ' 'é;'é£:1C:ti0:1ecti by the '.._peii',i'!;i:3fi'E:wz*ff 'E?-§'1*11':s3 were b<eyo'nd the <'i«1se;'f:[email protected]'<3haif;.?A' _ vessted in the
- .. PE§f.i?'i(':'i.f'i€'E'i';v "TE'hr: "a.peti3;i0n»3::' was aflegecfi to hen.-*<i V " ._ é::§_;)(:Se<;i'_i.{he Bank '£0 great fir1a1'1_€:i2:1 riak. the petif;i{>:'1e.:* was zziiegged E19 I':.:».'-we d§i:E.~3C€)1II1T.EEC1 Bins i.II'1<Zi€'3}." EUBD limits w'3Z'é;%1<:va;2.":i 91:23,--* {3<>c:ur:1e:":€.s; <3? :§'Zi'.£<2 :0 gggixseis and ifihai; 'é:}";s3:y a»%:'e;*:.r§-3. {:39/2&3} in :":;:i,*:;3r€,:
§. Tirzgzr pe'£.'ifi<>:':<;%_:* Etaaii <':s:2:'1§.@sa§;::r{:E E13": 3%.§E.i§"§}€3:, §"§{}'s.X,7{£_?i"€'.'..f? Ei'E'§:':-':- {:'f'§"§{'§'§,.EE'i'"§z' :::§1fi{.':<'-%.:.' §'.:;2:.2-*§:';;; f<;}:m§:§ E,.E1a.E: €.E':.é?:
c:ha1"§ges were not prmred. H:::xwe.ve;:., the di-${?ip}i£1E.£1"}»' z~mt'.h.o:fit.y aiiiffered and heici i:1r1at: the fizlciings of.._1:he enquiry officer were: perverse anci held t.h211; the proved 21nd imposed the p11I1ish2ne;rr;. ::>i';""1'<§a:iVjw....c.§'i:5'},:.[>;'a the basic pay from 16, 140/-- 110 R5. f1't}_e1"n date of order with cumulatixre effect for p€:19i'é)§Zi4 of year and that he wouid not be eiilggibiefijr pr0m€)€,ie;§*'1e'--..tfl{I.i his basic pay was restoredgflp Rs§"1(v5f142/eV»;"MA Tfgaij. xijzas; chaflenged in appeai \,vhic}'3"*»e.ee {vas L11:.3L:erfé--:sS'iT;1i21nd therefore, the peifiioraeaj b€i:()--F€:A.i'.hiSS'~..CUL11""{.§ * r'1'E:e V'Ieé1'r;ied'i;:;:$i;:-=n'se1 for the petfiiorler would CO1}t€I"}.d th.21t5[.t'he. pgixigéiamenii imposed against the
-'V.peii£i%£€'::1ei°'was; e1:1y__'_w'iih an £:"1i:ent.i0n iie vietimize the '--,IL:"3~fi'(,i~€3i"1€?IV"TTh0£1g_h he h:eu:i not Vioiaiied 21:13; syst;em 0:' pf{}{:€éd1ii'€: 'éiiéegfggeci. ii: fie S{)U.gh'ii in be peinteci out. man; 'v;1(:<::e§'{£:;1"1fg§«;_ 'tie the efviciezlee tiesnciered an behaif of ihe '~E'via11é1g§<:*.mcé::i;§ the d;issereE:ieI1e;:'y §)€)\»'€€f'E" avaiizabicé {:0 {he pe'§':..ii:ie11e:" wzie Rs;,.2;%,(}§€3,f~ per eheqme u;>fe:> June §9§3 ;"*»5:.E1:i{:%§ i:":::z"eaee:i EC') E2.s;,{}::e Laéii": §:°<;:e3 émze E§§}i%. Eéi. e;':2s»;; e..§.Ee=.*e"§z-:?d §:.}:::24:: the }€:'f.i§§§%{'§:'"§é:T'E' e:»;g:£»5e{:Ee,d ézés: 3%}?-§'€f§ in 3*: E 2' £_ respz-rct: of the :~i;ever21i t::'21r1Sa(tt.io:".1$ ixxciicatéci i11_..__theé charge sheet. "I'h€ pet;i.i:§<>1'}_<21* had pE'()dL1C€3d the E'€§tiv::~:5i'--_t5{,< ihfff Assistwzt, ?\»'f&11'12igt',II' dam-zci 188,94 where i:{1 Vhrf "xi-*"21$ ° H CIiI'f3{i'i'.f'3tC1 to subnm; c<)ni:r0I ret.1.:r"z1;=:'ifis£;i"1e:f<9:v¢r i_i_h:§"<ii2£ir:;L,£e:<3, = were purchased beyond saI1C'€.i 0.11€:€,i 1irri1ts;'». 2 "'IIfi'i.-s ' cirCumst:am:<-3 W215 1"1egat:ed by"tL.h"c:V.Dis(:ip1iV1':af§; A=:>1i:}i'0rit,y as it did not CC)I1fffE'"._§1I1y;' fit1i.h{)];i{.y or Vvpefmission authorising cheque' purch-TaseégviijéytgnkivhiS_'_.discreiior1ary power and it x§.«*a:~;«¢ f_k:>:1s"£_1"u§:d.«'a.:-3-.21"'rii3€3j¢__E>bser\rat.ion with reference ti) a_f:€'_9.2iVtidi€. It stated that the a11egai".i;511 ~1';'Q_ (--::<:C(~3<:<:1€d hiss discretionary power ié_ai1_ i1[:.(tv()':«*.i*'€'.<t't..;iiAl§§g;1t;i0:(1. The peiiitioner was prematcd Egg ':':\'-('":'f}Vi(")fi"V'}\v!['E3,§€'§E.gé'i?}"1&?Y}4f. C'«}.iT1I'f% f_:3r*.?i__._§z€:vf{'».?' with effect} f.:"::.m L': zi':3.d he had worked at Tflagar, V "C'he§':'1--I1}a;i»--.'B'rémc:.I1 bcfiifeezl 94 and 96 at which time he '-__w:;1s5"' :~1i1"«:;%_Va':~'13zf'«v%.t:¥12=.:_ Chief Mangaér. The fimm<:ia_E p<>w'e=:rs:; xx}e.1'é--.zfz*:c§é:iif;';3d"i§39 {hes 1?\fI21;r121g£1.1g {30fI1I1"1i'{'.'£1t3€? at F415;; me€:t'i_1'1g _ Eleicifl €Z'{E.2. 2 :3. E3. 3§§%-ii in re.s_=;§x'e<'%'i. <1}? Breazmh " 'EvfE:5m21§?;éér§;§'Elfitégmtjg ?\:'E2:.:§23;§<::r$ in S€:z;;'(>:" 3"':/'E:-§;'_1g1:a>:"§2:;?:*:1M: V"i':§:'«?i'{§éf"_«3{f駧€fv§'é7 w§3;=€?:'&.§:: £523.}; '€:'.h:§: {j}'§'§'i::<>:r.::~>: 0? ihai. ;%<.:z1»E<z '««.-'%as..?a'.'~1:"é*r g;:::*::':§é.§,.z;7:{§ iii: §}s..2.:':;.*E':a2&%.::: z:§':é;é::;:.:.<:s;<,:; :,_1;}i>:': €:.E2:': v;2:E:.:a:~ {sf 9 Rs.1_O Lakh. '_£'11e:'e wast; power vested in '{.h=.:: Senic>r Efviariagemenii Grade: SCale~IV per Circuiar N0 'H*OC 8'?/S?' which were curt.aiI€r:i £§u:"ir1,->' the r:2e1f.i<>d L-'jof g3 ." I-
p1'edecessors 0f the pei:it:im1er }:>u1':. aware d:.1_1.},_»f_'r'e..Tsst'::{_tf'e3d a-§:'~:a~ aforesaid. This crzumot. be denied by"13:3'Mi:iI1a_gt?m¢fi§,_jA' Furiller every tIra11saction 1'efé*zffed the pertains to the period x:;§§;1era the petiiiioner already' ' 2:1:r_;_0u:rV3L'1A:sVAvVre;ferr€c£ to therein were a}i_ bcI()§y..?§S§--.."I action of ihf: msporadenf; i;13._h(>i;¥:i'i:1Kg§.vtE1ef'p'ét;i_£;i.b:£1é1" ugu'i'3tAy and imposing pL1l'1iSI'l} "£"1€I1'['1Sfi3_£lCkS of "L3..i_'as and victtimization. This; is on e1c:C0t1m':"Qf '{.1:1f:' - L{J't't.Vii1§.Qfi'iCi"S 1"e1eI1t1ess endec vour to séiek Ar.;'r;_s3:1_.?."e.%:2ia_:""s*}s, ::*s«::t'ire;%:*;_:<::i: frri:»:L tile T:'s21:1i«: */«.:x.,i'hir;r1'": "WEETL-'é "§;'t0Vrit¥5*<2§r2{_i1;e:dVVM'%.)y {B6 "f3H2111k leading to p:r0<:eed1'ngs E::>e.:f0re $;%"1.i;s;.'_CT{;vw§"'i. V:c;é'-W611. as the Apex Cmarii and this has; i:riggie;*€C?i__" 'a:vi§ii§{:21t:i<}:1 and &»'iC€:im.i;ca£é:>r1 (::«3;:::1paig;1 _fé£_ga1.?1'_1%t 'i::he petitionérr. Tbs'. e:I1qu11'y p1"c>cteed.i11gs were _ -_é.E:_€::*:%ET:;§':'€ fa; §i1§_E e:m.€: <:>f 'ithss Si-Eéifilé': am} ii; was; <:<3::i4<:*'z3c:'§a:r_i ~ "E.'£':'a?.. iiitzem 'w2:..5s Iii} $1.:%3s;%;.21z1=:é::r in £i":.s:: 21E§s::g§2;E':.§:}13&s. ii: is; fL%E'€'h£"fE° iif€}§E'ij€?§'é{§€?{§. £13122? {:i%":@ ssi.2;§1{§. 0:" §§'"E€f E§2?::'3E§ is $322-:.§: §}i}"§%="é';'":}f"EE we::*'é==: §"§;'<~g§:*é<':§.a::15 is} {".}m?: §.¢22E~:§;': §.:§:<:2;<';E121:° Eh as 5 peiiitizmer is; <:cJr3c.em€d sL1bsetq1.1e:1t: to HOG 8?',f8?'. That £1213! ssuah :reduC.tic)1'1 of p(}W"(:'.I'S ought to have betsan in the form of 21 «::irciuIz1r amd «:s'L4zght4 to h.21t.-ws be<2:;{fi..Icj'r*c§'§1i'§%'h{'v {<3 t'.f1@ a€:tetia.'i:_ic>11 0f{:E.1::-2 pet:1't;io:'1er vv}}i<:}"1 N.F215;":19§3e:'°ci<}:1<;:.. In t:hi..s~; regezrd, he wouid sL:bn'1ii:'».._th:§1t; in 'an'ot"hr:r :3;v;1'*i'3i;1.j_' p<:i',ii.ior3 iI1S0fE3.I' the queS'iic):3._V xvI1Ci.he;"Vt}'i%:_:': Ap§(':vt--i.1:jVo:1er Could act: on the basis Of'{.}1C"__B'&3,1'1}§._h8.\7iE'1g_VElIIfE§(3d the deIega't1'or1 01" power t.i1e"B é1311{. -the stand that unless it w.':1s brought "t';Ei1r§ 2xi*.t.Cfr1'iio:1t}1e petiiioner he couid 1191'.-Vfzvaxréwé,_2:.(:ted.,_«_ 0:3 2:jr13?f 321611 modified power and sinite 3i;£3t:.""£>.r:oz«1ghf. to his at.t<31":i:ior3., the p:3t1t:io11<-3r'«<:0t1%d'I1C1{:._ E*:aiV:: "z1<:'1.ed wouid rum <:0L1nt1€:r to .. ' ' '_ ,
-3: bkiflii _fl$I'i3h"1. {hm (uni-
the $323.51 szuiightfiicj 1% féé,ke1i ._§;
RLV-J/think. "«':,.ircu1ar'ufizixrizlg bezen bmught; to flit} 1"1<:>"s,.iCe 153$'. £3131'. §)j'::.?§;:itiAc.1"11a&§';'.,v'me 59211116? is held to be b.i11di:3g on him. This} =~.._'arg;v::'mAéz111: wcmid 310:: be zwsiiizlbieé :10 {the A ""-_'réE*spQ13de;xififiank and hsgmtre, he vzouick s:;u?:.~mit: t.hat {he TjC::r;€iu--E::z%° 0f E,9€§.%?"" \¥¢:5s€',€:<i '£.hs;.= p<-.%i'.§§;i<>1'z€r wiih ELM: pzswer of 'e,:::.:;a:-gm; i.;':'s,{} Eihez? éi:2*a2.:':sss21<::t.is3r:§sg wh§<;tE'2 21.1%': aiE.€:géé{i: iii} baa'-2 " " "E1319 21222.53 «$5 :"::§s;4.«::::";:i*;{:§t;<:€:, ;"§ '2", Per {',{)I"£i'.I_'{é-2., the 1€:?€i.I'.I'}€'fd ci:c>u2'1se.1 for T116 resp(3r1ds3ni; \:v01,:Id submit that; the pr:t:it..i<mer is §g1.1_i_I.f.:_g_ of $1.1pprcssi0r1 sf f:~;1c:*{.s that i',h€I'f;'. were C1'Ifc:*uIars, Whiczh .I"€',S{',I"i{ff'.€(i the discr1"eii<3:1ary7powei' of the: pet,iti<>I1r3.1', Noiiwithst.az1ding:"iiEéC""§;g;.r;1e,.ytzvcg"; _if"'1'i, couid be assumed 1.11291" it W313 'x10i.'.V_br011'ghAi:'"Eb his V att<;%r1ti0n and th.(~3I'€:'.fOI'f3, .I'1e Wz=is ii'ot. boLir1d'b§;Ft,ii'é: same, as seen from the H1€tf.€f1'3l.V_OI} r'écO:'d.; it .V1V*':3'..'f3\;'l'¢Zi(",'I"i'AJ[', {hat the petiiiioner has clearly '~n1e:_f1'ag}jCd_--~«._v __€-'€str1'c:'£ the tr:;msacti0n-is t03~vb'eJ.o§iv Lérkh'-fI1V€.a§Ch case 21nd the L11i;imaf:Q reSi:i'1t.j5iVs has: €XC€€d€'d the power of purchaseof '<éhec;Lvv1€§3jV'axtreétgiiflg Rs.T€:11 Lakh in respect of thessame k::,1starn<*.1*- zigéiizlst 'é,'::y2.«:-'2 uremia}: of 3987. 'Thr:r('tf(5f<§--;'L'$116.pet:ii.i£>i'i?3r's: {"i{:1S€ wcmld have ta fail insofar the V<i;,u?1'€¢:"1t'i'<>:1:~~ i,ha1: 1::}1c=3.re3 is no 2?:£':i'. of miscaI1ciu(:t if iihéz-. E38? V_e::'z2':7:.i;l2'1j:' is» to be giver}. €:ff'e<:':': in. V A II1%E§C)f£1.§"' as iihe seczmd 0f thcéss: petiimns 1&3 _;:.o:';{:<é;»:+:g=:{:. §':E':<:: i€:am<:%::£ ::e:f::.ms;e:E Ear iihéf §}{'?f'.§i'I§§{}E'"§*E§£." u»-'amid ~._é5:{:i:f':§i.§-EH53 €'E:2*s*é, §.E':<% ;g1E.£:;%g;2.w;:;:§{};:.;<:; ?y222':i4 ::.§.":::é §3<:i':§E.§<";:'":€:§° Eéaagi §:"=;§,=;.:':{:E,§<.m<'?<§ {i.'fE'é'f{§EZ Eimizssa 51:3 {i2?fi.7€:°€::i: %§{3:":='€5'w:%E"$ {§{?Spi.§Z€: 3 their being i1'reguie1r f<:a£;13:{'es in 'me c:0nci1.zc:t: of a(,'.C()'L1I1E",S reSu1t.i.r1g in the £iCCO'Li1'1fiS be_i1i1g4_; tflzxssificsd 218 ___:101"1 perfc>r'n1i:1g; it was :%<>1'1t.e13d::%d Slat. an i' 1'1vf3 "éi1_4.»E1"iT_€i' and at 111163. time when i.}1ese 21e:iva11<:»:%s xvvere s3V21:1::'i.vi(_§:;€<51' the acccmms were 131 o'rd.e1* and wezem 1101:...(:I§1wsVSi'fi:éd_ ass" 110:1 performing acc:.01mt.s. Beside.:s';A"a.€t.::r §~:5'€1I1vCi'L"i()]:)k C)f.£:'1,1e"', credit f'21c:;i1:i'£::Zc3s-:e in t'h::sc3 acc:<>11n1".£«::._, t::¢;)'1f1.t--'roI*,1i*e1:ti'rt:i;s.:'ha§6;_' been submitted to higher aL1fh{)i'i1ii(3S _WfiihiI'1 ';t;h"r3 stipuiaied time as pair the i'3a-v:._3f}£<:'..ssp cirbtalair,if1;stfI%'Liéfi011s. Therefore the respoI1d¢_nt~BaI1k E1213' 'vzi;on1111"£':.i::;(i girl €Z{'1"()3' in holding '£iv";é_ pé'!§Vif,i0'iia1f a(:{:ou1'1tab1e wii'.}1(3u.t taifing" into acc§oun.£'. 1§k:e1t.'€f1:::p<:ii*t.i,oj21e:1* had at an points of time I"€:p0r'{€d thjéfd i'.;'7fr?13"1 %.5:i{:'§?}'_€§i*:$7 'aim the 'hig;h_:_;%3_" a:_1_1;h_(j;rjiji:=:.£: 2:13:33 the:re3; Wg,1s :10' o_I_:§jéc:ti:i':':1 1"213's-;<'3d {mm any quart¢::;:f, £61: Ezlorie 21Iéf'>a1i"<:i&it. c>bj<§éifi0:1 in this; regard. This aspect cf i§_:h'<:é ::'1:2i*ti1<::i* ..§*:;;$"~}3c:te%:3. en(%<>r5e3(i by tihes EZn<:;1:i1';r {)ffi(:m° wi':@:*::= hé fouzid i:.ha.t. Ems: pe<t4iti011€%r had in f21ci:
-- F€f§}€)Z:'5j,§?d"' §E',<>"1::§*1@ €"30.z'zf.:"<}£i<%:' Qf h2:'wé_r2 1"'€;'?E€if::};$¢3EC§ i:.E1§:3s%;<-2 1§:"'£'1§fEE~Z~ _;'~l.::>.u::§ _ §"<>§E:<;:wz:2<§ E;%';_§:m 12;: Wii.E: {::i::':€..r<,>E :'e';:§'1,:mse;. The j '{?§£~;::§§3 E'i:':z1.r§s* :zmi.1':<>':"£E;§_; E12-:3 di§'E%-*rrs=%{§ %;s:i§E": %:§1£: §'im§}Z;;:':§_§ 2:}? éhéfié a%:':2<,§:;§§.:"§,,? <}E'"§"§<§<%:* :¥'§E.%'2:::,::';' §3<}:§.§:':.§':§.:.'*:;g; ::3:.:é;: &?£§"§'§f <>£;%':{%:° S C??§1'€.',l1I1'}S'{.£i1'1C€E§ by which it C{}l,I1d be heid ifinat. {he pei',it_ior1er had in Fact (tomm.fit,i'.ed 21113,: act? of II1iSC{)T1£i'L;(Tf'L Ii, in the face of the fact. I.hE1'{, no fi;m11"1<:ia1 1O_é§sV.:.1:.a'{£u :'esz,.13t,e:d to {be E3a11}«: in I"E3Sp€(f.T'{', of 'those e1<:r_:(3*;"{_:1fS'.''.' . fu1*i:h<:s1.' corfiendeci i:ha\t he was ii111cf.i<3r1ir1.gg;..;1§§~.;L'S:€:1.?;ic;«:9" Elxecznixre Officer of the Bmlk and 'c<::rjf.%:ii;j;
p()W't?,1'S delegated to him and he Lii%;§_V:10i: feqiiire Va-1f13=' s2m.cf.i0n from the cont.ro111'.n_g a§.ii:hc>ri'i*£t?s. 'E': jitf; f'ci4{éI'asf;ed £1131: the approach of _i:he I)Vi_s_<§fip.1im_1ry A'IZ--f}T1A()1f5.":{}' was tcaiiaily vindi(:ti_ve. and ¥3§.e§V;eeAd._ 21:3' ._t1"1<;*. PE'-ti'{i]:O}'1EiI'., This; is £11 V'i.4V}ic_'{§:;§i<:r 1)a§S€d by the Discipiinaxy A'L1tThe:)1'ity« »\lV~;.1;TA}'1'«.the: I'(;"c':S:'»()I}.(3d finding of the eI3c;1:i;*y.,OffiC€:.,. ';'Jh;'e::T:h%~=~. (%h?:rgE* 2£§,3;&1i1'£S? thsa p:::£;:.f..ir:;1'1e1' TW;1$V'1°a(jf;.5»--;f):'(;'fi;7:~:ci t11e19£§"w2:$ no jus1:ifiCat:i0n in the fiirlding V{;§ i'.I::é {'£)iVSz:.ij{;Iir2,a:"§;,r z£\1TE1'l1'I(}I"ii',y., which. is-3 (:e:>r1I.ra,1'y to the finci.i";~'1g"$ 91' $133. s~:::'3qL,2iry ("3ff'1i(:€%r. .' . 9' '*-- '§'1V1e Eezzmeci e::<>ur1se§ iii)? {the §"€Sp{}I1{§€{}f _' [.31-'{T.';€.1'§{4§"A'§":{}'£%ftT*'«£€}"" ;€§3.ibEHi'§I i:h.27:§: {he d§1$<';:?§>§1?::;1.:"y z3.::z'£h<);*i{y . "Z:.'::£.:.?::'2g;j <§i.§?§E%i~::"<=é:% fmz::";. %:,§§<*: eg>:§.§":.§{:;:'§ {'EX§}§'"€:':f?$i'.~}€f{§ Er}; ihsgz A £;%:'ze:;:,1.i.§":: si'}:'"f_"é£:rs';':t_:* aaa2?;:~1; fag" §:.E':a-2 1"°:j:a1a5%€§§.'"§.S :='=.;%i'2:-:t:':.{§ fir: %..§':§=: k?:'7a€aé'r daiied 29.11999 whi(:E'1 was cmznlntzilictateci to £1116 pe:1.iti0I1er. it :53 <m}y after e<)11sideri1T1g i',h.E.* <3bujec,Ef;i&J:'j1s raised by thét pa'-?tii'ic:>m3r to thse saici f'i1*;di1'1g.g3"'i'.;':2at._fiéegir d1's(:ip11':1211fy aL1f:h.0ri1;y h.:;:.s proceeded to :t:h:%"~Q:rTde1*. " These: are fixadirxgs of fact. held é;g;'21i:11si:fj» .3163-f,i't,ir5n__er:; .' /Ifierefore, the p1'eser1i. pet:iE'irm4__.§?(:>L£I'Li. v 1§.c)t.V b~:3_; an appeai zzgaizxst {Image :<u\1ci 'i3.}'1i_VsV-§_::§1'<$§:e:%ciir1g under Art,i<:£c 226 of1:h%: '3QnésT.it;_§z.f,iC~:j»v..éf~{ndia would be incompetenii to fir':id1'11g of fact.
In any €'.V(:*I1.'{,,H §*ihe;'Vp¢tii:ii>1ier I12_3:.ri11g zaflféiirzetd the age sf s11p@rar:ir11:21f§iGr]i _v h§1V.i_i1g been pe1'r11ii:tr':.d to retire much besfoxfedihe' p_1"<1:-\.ét::1§&.::_i'::";_z";*"of the present pet';ition has 9' glwim in #-
('3 *1 CL' 5- P' \.I *-1 ('D (I5 <'f CD f4 ,..
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9- rendersd the "pr»:ti*i"§r_f$n_ _i:?"£fE"i1C°i".11{)L.E§ am fie;>'?£; W2}. rré1'i';t: bansidéreitizhza.
§S'~,s£:éé:1 iihai: the c£:is<Eipii:1.21ry' a'L:§:hm"ii:y in "$3.6 C?€}_1iE'E$€'€}{'i'E,S fiz1Ci;i.ng;s has hcid ihziii £316 p:*rt.i1".i01":er " _:"a;c:§ '=:iis:?r<3i:ia:>r2 in ssemztizian EUBD Ei1_X1ii:SA 'f'he " i?§is;§7':'€;f:*;'{:::} :'::.:a :'-,*5'c'.U'E{I.*'€l}'{,)§"3 ;.<.2.:j1c.%1 §im.;i'£, 'a2£»'£:"§S Rsg. Fivazt I.;22:E<;E': vicie Eéfiéf §;'%?,-'fié? '=;%'f"E§{,T§"£ 'WEES ;*€:%:i:,:<,é:?:{:E its Ra:-:.§?'iE'€.§,r '_§"E':z>z.:§§a:':{§ " §~i{}:C? ;' "'§'§":_é? 1':121;'1:':§e§* in wE'2§c§'z €'.E'§§3 {"r2>z5%;E2 5%:"{%t§i§.5,~; '"1f§7 w<:%1'e sa.I1ct.io1'1e;%(i to the six :.:mii'.s beEc>11gi1'1g to 21 s£.t_3.g_§.1.e gr(>:..1p in 21 c:21.s5ua.I FI1€1.1'1I"E€I' xx'-'1'.t,}1ou£: S1,E'i)j€?(?i)iE'}g to 21 t'.hc)rm,:g;h scrutliziy ass tier: iiiss g;e:1z1i12'e§s2a,'A{1§f<;>iL:i{{ ' ' indicate: that the ir.reg_guEaI' f'e21'i:1_::;1'<:%$"«pertg;_is;;3;i:igg'._i1f1"-the"; 21{:C0u.I1ts were <)vcr10(>keci by the f3s:§ti'€,1fQr1er '(V_'.--§?1'i.I?)(>:'~1""2i{i;éi.}%', "
"The bifls were drawn. bet,x*J<3e1'i"-1£'.fi'e:t,san1€---- g;i*(>:1Ts_Vp ifi.dié:"e1ti11g that, the j_.3é;'.'f.ii'.i()I'1€}' had"a.§r(:0n*1i*ii(>dédéii.the s.éii'd "g"r(311p in the f;ransacti013$. ".£'11ey' biiis and it was dif1'icL11t.; Vwere germine tr21:1sacti0:1%y pel-taining it) the assets as on 31.3.19é'€{_a11Vd' havilag been san(:ti0:1ed fife_:<:€a'i'1 :w§_'-T}E'i.i,j1S in re;:;,v:<:i mi' i',?;_:t was <:i.eV3..f}y tffézr1é§ressi<>12 of Eaiss <:iis;(:r<3f;i()1i121§y power' iigflzi. of ilh€ES€f ::@:1'{:e:1f;,£a:>1'1sis, E1hC';i'{;'. is no _ ssa.1':t:é§.'E22.1':c:c?_'ii'i {E2213 c«:>.m.ent,i<::1 pui,E"<)z'i;E1 F:3y the? 3.€.3.}"'1'1€{i .}g;0:.a.;f2SeE i};}::' 'iihfft g:sé.-*.-.'£:Ei:§<>ns>;*' 'ijifiat. if 'she s?sE'.21.r*:d 0? ilhfif Eizmk if-3 :imE<%sE=; 'i,E'i€: <':§2'<%:.zi;;ir vms p:.*:3:»-*§-3::§ in §."EEi'V€ Exfiteii " §%:i>i:"a:m::::_i:_::2zE:@{:E ii'; %E:<;: §;s:%:.;E€.:%§;:'1s;%§* Em m:>%;. £0 27:§3§_;'>§:; §:?:;:<% zgaké Ex? gag': z.s:";;§E.::2'3:::':§' wE::§.<"_%'2 zésmzizi mg": {'a",,}{.§EZE'.C§'"
% 16 to the a1rg:..1n1€;1'£', g):411".i"<3ri:E': by that: bami in t;i'1eé present (Z386 on I1a:1cig When it: is not". s.f1owz1 t:112at: E;he S1.1bseqL1€:n'{ €:i:":?.1.:1ars v.4-*e.1'e brc}ug'ht. to ths kracwg-r1'é'dgté'rat)? the p::;*tit:i0r1e:*, the r<;:]ianc€r being p18.{,'.f3d on f1':7':3'_ '(IiIf(}Lijé1fS_J' of 198'? on {.116 basis of whi(:}1»~~t..heA.
procteeded to trazasact, in respect: 'Qf E?=;13'1f3Vt1I."'£{'.S Rs.Te'n Iakh in respect of t:l1c*::sa.;I"3<3 gmupw 01*' 1if2§i'é,...wVo:§11d be justified. But, hoxvewar. th"e._'i'L'I;rthef' circxlrriistarlce that ixhe petitioner has "U~:g;ns;1cte'd-- :wif};..Athe saimé group in individtiai tr2m.sa(:t1'0ns; ~w11i"(j}'i cfil-e;:i'1y~.¢3;(:eed Rs.'IT'en Lakh c:;{1'1r1(>f:j' di.?;:pui,;éd._ Iris this Common feamre that r'un:~: V' t,'hVr0's.2.gh- fthe-..___'iir:ii1sacti(>:r1s which are the Sa1b';e:c>f-- mm"ie}i' ti1'és§€V'i:xx-Q) '"2 L; pr3.é:i=;:§(>:?..-3;. A '1_2 ' Tj_h":::._ @1113? question the:ref0r'e is W1"1<:1;,I_":er 'ihe f'im,_iiiig3 VVf}f }:7?i1{3'ii~f§¥'€?I"f;': bassed on e.\rie:ie:I1{:e t,h2,11: W215 readily .avziiieible,-__'f1"'Zr1éi'€ 1% 110%, :m1<:h £7<mfrc)versy as-2, 1:0 *£;h<;=r fact "§;h£1'::f_her:<i€ wezs any maf.<:ri2:1} an the: basis af wfzich the ._&j§Ez17fi:i:;:§§S :i:::r:3.E£§ heave '$363563 2:..r1"§:4-'€{i 32%;. E3. ".32": :":5:x'§: :;}:.s%§;'é:_i<3§3 €;§":z2.'i: wm1E<_E §'<§§E:;>zr»'sJ x§r<}:.:E{§, E35 2¥f%':::é'é:E'2<5:r %':§%'.:<é.% §}?;.'§E'T£§5%§E'§£"§"£€:?E'2'§ §'fi§§13€'}é%§~€:'{§ is k§E.ES§§I 2;: §f1{§ 33 .1*e21sc>nab1e 01:" it ssuffem fen' wani: of pr0pori;i(maIii:y_.~~.__ In f:f:1a't,, \>V}'1€'E.h€'I' the puriisilmarzi: was C3iSp1'()p{)E'fiG?71§ZiE+F§:$15. the a.<:£.s of z11is3Cc:ndu«::t. t:ha'£, Eire? eaiiaged. I4. Having mg;§a.rci to the c(";iiAf.r{)w:_ré;y \3:E3.§éth_er"t*.};3.e* pe3t.ition<3r was ixldeeci p1.acec.fo:{1 ri0__ti{;:s;_ of t':E'1V_.;~ 1?r1r3*c'1i1'?i€:'d '' de1egati(>r;. of powers, £,IE1r;=, View of the fI'El11S7c1C'{.iO}%'~.§?I1'[€fI'éd: t.f«1%§"'Apé{'.iti0ner wouid indicate that thé VA in the first of these V011 the higher side and it 5W01;{.i(_1, V'hj':;t\,>.e"'t};)jvL.1.f)'<:--_1nOs;iiffied suitabiy in the i11teres€. Qfj.uséiCcf'-.It{'is"0:i"'f.his limited aspect that this Court is (>f°"tIfi(; .0;5111if;At; theugh the firldinggs at the ..,.e:1qL1.§:3§g L<:arme:>tf' 'vbéfim.«:1isi:'L1.rbe{L the pu:1ishn1cnt is V"._v1"c;q:':i:<:teV:ci~v ?{G~b'G_ ihgdified.
" "E :'3. §§;<€{iréf;cii1'ag1y, W.P,N<>.4?0G§/Q2 is; 21.E1@w@-{E _ figzid ?*4'm.£5.?fJ<)V»1O§41/O6 is ciianzisseci. The inzpugned »<$_':'ri@.§'é;--~, at 2'i_m.:"ae:=::>{:;.:r::--3s5--'"E'¢§ 2s.:1€§ N" am: :;;:,::¢.:$h.€€E. Tbs .__ "§m;':is§2:":1eé1':£. i:3;'2;'§<>&;e{§ in 'aha :e;e::%{}:'}{i {Elf Ei1:;%&2€:: ;3<5:"£:i"£,i<::::'~2. ' :x;:f:L;%:§ 22<:E:=2<';:J222_§.:5:3.§-* ;'}L::":i:;%'1 "mi-;=,= p<':i.;?§;.§{3:'1€:' in §'éi':~f.~§§}x':?{*,*{'L :3? xx',
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2.§{?§1$ £1}? .:':":.§:<;§a::%a>:'1{i:..:<:':, E1": §:;:,:EE_": i.E":€:s§s£:% §}€§iE'§{.%:'15?>x .:T3;{i{'t{,}:"{T§§.E"§§},§§ E the p1:111.i$hmen'{: .in'1po:~:;<;:d in the firsizz sf t1'1esse pe:t.iti<_};":s is set 2:-side.
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