also ignored the fact that the accused had
raised huge loan from KSFC in pursuance of the said
agreement and formed an opinion that there ... title deed and other
documents to enable him to raise loan from KSFC for
the purpose of purchase of machinery and
equipments. When the documents
also ignored the fact that the accused had
raised huge loan from KSFC in pursuance of the said
agreement. But inspite of that ... addressed by Meharwade Associates, Chartered
Accountants, issued to the Assistant Manager, KSFC,
Dharwad informing that the formalities for change of
Object Clause and change
with accused No.1 and 3
hatched a criminal conspiracy to defraud KSFC and availed
loan from KSFC by mortgaging the property of accused ... with accused No.1 and 3 hatched a criminal
conspiracy to defraud KSFC and availed loan
from KSFC by mortgaging the property of
accused
knowing fully well it is a fake agreement pledged the same before
KSFC, Peenya Branch and raised loan of Rs.10 Lakhs from KSFC ... repay the amount either to CWs.1 and 2 or KSFC and
thereby committed the alleged offences.
3. On the basis of the complaint filed
1after rfifétrrsd ':0 23.3 'KSFC', for
3392:; (sf .t}:::-..x:5§}"';V€:'r Avfiiflfifi ... KSFC did not giva sufiiciefit oppoziunity ta
yéztiiioiier to dspasii. such a. huge amount and thus: said
:;:;13é;;.'éii:iicaii011 reached him aftsr
Adilakshmi,
Original-Accused W/o. Subba Rao,
Aged about 50 years,
KSFC Bhavan, 3rd Floor,
No.1/1, Thimmaiah Road,
Near Cantonment Railway
Station,
Bangalore ... with post-date as
18.10.2008, bearing No.529736, drawn on Canara Bank,
KSFC Complex Branch, Bengaluru - 560 052, towards
the dischargence of the said loan
urgent business requirements and also to discharge the loan
raised with KSFC, Banks and other Financial Institutions. The
complainant agreed to part with money ... complainant would pay on behalf of said
company an amount payable to KSFC towards one time settlement of
the claim of KSFC and that
appellant had taken garmentary
factory and at that point of time the KSFC official approached and
stated that entire garment factory in hypothecation to KSFC ... factory was running
he came to know the entire unit hypothecated to KSFC and the
KSFC has seized and locked and thereafter the appellant
requested
filed a
private complaint against the officials of Karnataka State
Finance Corporation (KSFC) for the offences punishable under
Sections ... support of the complaint and the said
order was challenged by the KSFC before the District Judge,
Mandya in a Revision Petition which came
short], confirmed in the appeals.
2. The facts reveal that the respondent-KSFC
filed a complaint alleging advancement of the loan
and issuance ... therefore,
3 Crl.RPs 158 cw. 157/12
the respondent-KSFC issued notice and demanded the
said sum.
As there was no compliance, complaints came
