M/s International Asset Reconstruction Company Limited Vs. M/s Maruthi Technologies

Decided On : Jun-05-2024

Court : Karnataka

LAW: Section 4, Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Section 14, the SARFAESI Act, Section 13(2, Section 13(2, Possession Notice under Section 13(4, the SARFAESI Act, Section 14, Section 14, the SARFAESI Act, Section 13 of the Act, the SARFAESI Act, Section 2(ba, Section 2(zd)(iii, Section 2(l)(i, Section 2(zf, Section 31, Section 13, Section 14, the SARFAESI Act, Section 14, Section 13(2, the SARFAESI Act - 22, Section 13(2, Section 13(4, the SARFAESI Act, Section 13(2, Section 17, Section 13(2

DATE: 2024, 1ST, 2023, 2023, 2024, 2024, 2023, 2024, 2024, 1961, 06-07-2023, 2021, 04-02-2008, 2021, 2002, 2012, 2000, 2012, 2012, all these long years, the year 2021, 2012, 2012, 2012, Section 2(ze, 2012, 2012, 2012, 2012, 26-03-1994, 2012, 2012, 04.02.2008, 2012, 04.02.2008, 2012

PERSON: N.V. ANJARIA, T.G. SHIVASHANKARE, A-601/602/605, KURLA ROAD, JHANSIRANI VINODKUMAR W, SRI ANANTHAKRUPA, BINDU AMULYA, ANJANA NAGAR, BINDU AMULYA, ANJANA NAGAR, SRI B.S. RAMEGOWDA S/O SONNEGOWDA, SRI C. VEERA REDDY S/O SRI KRISHNA REDDY, LIMITED No.21-D1, A-601/602/605, DYAMANNA DEVAL AGED, SRI K. ASHOK KUMAR, VTC BENGALURU NORTH NANDINI, MOHANANI S, D-1302, DIVYA, Advocate Smt, K. B. Sreedevi, J.M. Patil, Udaya Holla, Rakesh B. Bhatt, K.N.Phanindra, Srikanth, Patil K, Nallakadaranahalli, Yeshwantapur Hobli, Bangalore North Taluk, Nallakadaranahalli, Yeshwanthapur Hobli, Bengaluru North Taluk, No.21-D - 11, Assignment Deed, Assignment Deed, Nallakadirenahally, Yeshwantpur Hobli, Bangalore North Taluk, Nallakadirenahally, Yeshwantpur Hobli, Bangalore North Taluk, Yeshwantpur Hobli, Bangalore North Taluk, Sd/- CHIEF JUSTICE Sd/-, AHB

ORG: C/W WRIT APPEAL No.230, OF2024(GM-RES, M/S. INTERNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED HAVING ITS BRANCH OFFICE AT, FLOOR, KANAKIA SPACES ANDHERI, ANDHERI, MUMBAI, SRI P.S. RAJAGOPAL, SMT, SREEDEVI K.B. & SRI PATIL J.M., DODDABOMMASANDRA, VIDYARANYAPURA, BENGALURU, SINDHANURU, SRI N.G. DEEPAK S/O LATE N.K. GUNDU ROAD, GM, DODDABIDARAKALLU, NAGASANDRA POST, BENGALURU, NAYAK N S/O SRI RAMAKRISHNA NAYAK, KARIHOBANAHALLI, NAGASANDRA POST, BENGALURU, BENGALURU, BENGALURU, NAGASANDRA BENGALURU, M/S MAROTIA STEEL ENGINEERING PVT., OPP, ARAVIND MOTORS PEENYA INDUSTRIAL AREA BENGALURU, 5TH A CROSS, HANUMANTHEGOWDA ROAD, CHIKKASANDRA, BENGALURU, AGED ABOUT77YEARS, VENKATESHWARA NILAYA5H CROSS, DODDABHOMMASANDRA, BENGALURU, NEAR SBI BANK, NAGASANDRA POST, BENGALURU, UJJODI, KANKANADI, MANGALURU, VENSAPALA ENCLAVE SHREE RAMANJANEYA NAGAR, BENGALURU, M/S ELECTREX (INDIA, BENGALURU, MUKESH CHOKSI, RESPONDENTS, EQUITY, M/S. INTERNATIONAL ASSET RECONSTRUCTION COMPANY LIMITED HAVING ITS BRANCH OFFICE AT, KANAKIA SPACES ANDHERI, MUMBAI, SRI P.S. RAJAGOPAL, SMT, SREEDEVI K.B. & SRI PATIL J.M., M/S. MARUTHI TECHNOLOGIES A PARTNERSHIP FIRM - 5, MAIN, C.J.S, CHIKKABILATHI VADDARAHALLI POST SHRAVANABELAGOLA HOBLI CHANNARAYAPATTANA, H.O., MIDC, THE INDIAN PARTNERSHIP ACT HAVING ITS OFFICE AT -, MAIN, MALAGALA, M/S SHANTHA N D/O SRI NARAYANA D AGED ABOUT55YEARS R/, MAIN, 5TH CROSS, BENGALURU, M/S. PUSHPA N D/O SRI NARAYANA D, BENGALURU, SRI D.R. SRINIVASA S/O LATE RAMACHANDRAIAH, SMT, VASUNDHARA W/O SRI D.R. SRINIVASA AGED ABOUT63YEARS11, SRI SYED SHAHUL HAMEED S/O SRI SYED SARDAR AGED ABOUT38YEARS R/, BENGALURU, BENGALURU, BENGALURU, M/S ELECTREX (INDIA, BENGALURU, THE IMPUGNED JUDGEMENT DATED0602/2024, Writ Petition No.26720, Writ Petition No.26996, M/s. International Asset Reconstruction Company, Peenya Industrial Area, Additional Chief Metropolitan Magistrate, Criminal Misc, Additional Chief Metropolitan Magistrate, Eastern, Karnataka Industrial Area Development Board, KIADB, M/s.Electrex (India) Ltd., M/s. Electrex (India) Ltd., Memorandum of Entry, executed.-, M/s. IFCI Ltd., Original Application No.61, the Debts Recovery Tribunal, Tribunal, the Debts Recovery Tribunal, the Recovery Certificate, the Recovery Certificate, the Debts Recovery Tribunal, M/s.International Asset Reconstruction Company, Schedule-B, Plot No.21-D, SARFAESI Act, M/s. Bindu Properties, Appellant Asset Reconstruction Company, the Additional Chief Metropolitan Magistrate, the Debt Recovery Tribunal, the Memorandum of Entry, Plot No.21-D, the Additional Chief Metropolitan Magistrate, Learned Single, Learned Single, the Executive Magistrate, Learned Single, Bank, Company, Magistrate, the Recovery Certificate, the Debt Recovery Tribunal, Original Application, the Debts Recovery Tribunal, Original Application, Rs.51,07,51,835/-, Tribunal, the Recovery Certificate, Schedule-B, Memorandum of Entry, Plot No.21-D1, Industrial Area, the Debts Recovery Tribunal, Tribunal, Schedule Property, Plot No.21-D1, IFCI, Recovery Certificate, the Recovery Certificate, Schedule-B, Plot No.21-D1, Industrial Area, Nallakadirehahally, Bangalore under Equipment, pari-pari, adjudicated.-, the Debt Recovery Tribunal

GPE: W.A., MR, MR, W.A., K.G., Bengaluru, Criminal Miscellaneous No.5700, Sy, 26.03.2022, 06.07.2023, Bengaluru, Peenya Industrial Area, Bengaluru, Survey No.34, Sy, Bangalore District, Survey No.34, Bangalore District, Bangalore District, Peenya, No.34

CARDINAL: 6TH, 215, 400, 2ND, 072, 2, 584 128, 3, 560, 4, 560, 5, 560, 6, 560, 091, 3RD, 8, 560, 058, 9, 560, 10, 560, 11, 560, 12, 574, 199, 3RD, 14, 2ND, 560, 058, 6TH, 400, 5TH, 3RD, 2, 573, 116, 4, 5, 6 ., 096, 096, 8, 560, 003, 9, 12, 560, 13, 560 015, 14, 560, two, 1.1, two, 1.2, 13, 13, 9 - 2, No.1, 13, 2.1, 26, 21.07.2023, one, 2012 sq.mts, 2012 sq.mts, one, 21.07.2023, 2.3, 1, 2012 sq.mts, 04.02.2008, No.1, 1, one, 3.1, No.2, 25.03.1994, 20.11.1996, 12, 05.12.2006, 2012 sq.mts, 3.3, 04.02.2008, 3.4, 04.02.2008, 13, sq.mts, 3.5, 22.02.2013, 1, 2012 sq.mts, 1, 14, No.2, 28.08.2017, 19.06.2018, No.2, one, 1, 3.7, 1, 2012 sq.mts, 3.8, No.2, 20.11.1996, sq.mts, 1, 2012 sq.mts, 3.9, 1, 2012 sq.mts, only 2012, sq.mts, 1, 2012 sq.mts, sq.mts, 4.1, two, one, 2012 sq.mts, one, 2012 sq.mts, 5, 5.1, 5.3, 10, 5.4, 18, 2012 sq.mts, sq.mts, 5.5, 20.11.1996, 19, 20, No.2, 20, sq.mts, 2012 sq.mts, 04.02.2008, 1, 2, 10, sq.mts, 5.7, 2012 sq.mts, 1, 5.8, 1, sq.mts, 1, 2012 sq.mts, only 2012, sq.mts, 5.9, 23, 6.1, sq.mts, sq.mts, 24

LOC: EAST, EAST, Single, Single Judge, Single, Single, Plot No.21-D, Plot No.21-D, East, North, South, East, North, the Memorandum of 1996, Single

MONEY: 34, 60, 403, 404, 712, 49, 9, 26/1, 097, 45, 061, 292, 6, 560 058 REP, 6 - #, 560 072 REP, 37, 37, 18/24, 5.2 Section 5

PRODUCT: R-14, R-14, Rs.45,63,67,694/-

QUANTITY: 3 . M/S SREEPAL GREEN FUTURES PVT., 6.2 Section 5

NORP: GREENS, Bengaluru, Bengaluru, Rs.200, sq.mts

ORDINAL: first, 1st, second, second, SECOND, first

EVENT: the Peenya II Phase Industrial Area, the 2012 sq.mts

WORK_OF_ART: the Sale Deed, Deed of Assignment, Deed of Assignment, The Recovery Certificate

FAC: KIADB Road