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High Court of Karnataka · body
2025 DAILYLAW 66328 (KAR)
SURESH INDUSTRIES v. AXIS BANK LIMITED
WP/200550/2025 · 2025-11-18
M G S Kamal
body2025
[ 2025 DAILYLAW 66328 (KAR) · dailylaw.ai ]
[ 2025 DAILYLAW 66328 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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Digitally signed by SACHIN Location: HIGH COURT OF KARNATAKA
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123234516378194612:374;628135<=<<631>1?8@2:1 46?16 ?=21? # # & A=771? 35 6B73C4
# & 45 2:1 93B1 49 635C3A=B 15346 3>3B $;?<1 =5? $ =2 =B=8;6;<3 D:16135=9216 6191661? 24 =7 .2:1 263=B 4;62/ 946 861>32@E 8@ F:3C: 2:1 263=B 4;62 :=7 =BB4F1? 2:1
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=AAB3C=234593B1?8@2:1617A45?152"=5G;5?161C2345& 492:11C;63237=2345=5?1C45726;C234549+35=5C3=B77127 =5? 5946C1H152 49 1C;632@ 5216172 (+) C2 ## =5? :=7 =AA43521? 4;62 4HH37734516 24 2=G1 A:@73C=BA477177345492:171C;61?=7712
4;571B 946 2:1 A123234516 613216=235< 2:1 <64;5?7 ;6<1? 35 2:1 H1H46=5?;H 49 A1232345 7;8H327 2:=2 =2 A=6= 492:1 3HA;<51? 46?16 2:1 =<3726=21 :=7 6191661?2446?167A=771?8@2:374;6235C162=35C63H35=B A12323457 =5? :=7 1664514;7B@ A617;H1? 2:=2 35 2:1 7=3? 46?167 2:37 4;62 :=7 ?37A1571? 2:1 61I;361H152 49 377;=5C1495423C1 :=2;5?162:17=3?F645<A617;HA2345 2:1 =<3726=21 :=7 542 1>15 377;1? = 5423C1 24 2:1 A123234516 =5? :=7 A64C11?1? 24 2=G1 A:@73C=B A477177345 49 2:1 A64A162@ 35 1JC371 49 1C2345 & 49 2:1 + C2 1 9;62:16 7;8H327 2:161 37 54 A64>37345 A64>3?1? ;5?16 2:1 + C2 24 =AA1=B =<=3572 2:1 46?16 A=771? ;5?16 1C2345 & 49 2:1 + C2 :1619461 :1 7;8H327 ;5?16 2:171 A1C;B3=6 C36C;H72=5C17 2:1 F632
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A123234537H=352=35=8B119;62:167;8H3272:=22:16137= 45123H17122B1H152A64A47=B<3>158@2:1A123234516F:3C: 37 A15?35< C4573?16=2345 819461 617A45?152"8=5G =5? 617A45?152"8=5G 81 ?361C21? 24 C4573?16 2:1 451 23H1 7122B1H152 =5? 35 2:1 H1=5F:3B1 H=2216 81 61B1<=21? 24 2:1=<3726=2124<3>1=54AA462;532@242:1A12323451624 A617152:37C=71=5?2:161=9216A=7746?16735=CC46?=5C1 F32:B=F
5 617A4571 63 =C:35 5<=?3 B1=651? C4;571B=AA1=635<9462:1617A45?1527;8H3272:=2=<=3572 2:1 46?16 A=771? ;5?16 2:1 A64>373457 49 + C2 2:161 37 72=2;246@ 61H1?@ 49 93B35< =5 =AA1=B 37 A64>3?1? 1 =B74 619167 24 2:1 K;?<H152 49 2:1 A1J 4;62 35 2:1 C=7149 >7 61A4621?35(
) *=5? 7;8H322:=22:1F632A123234537542H=352=35=8B1711G7946 ?37H377=B492:1A1232345 & 1=6?16;71?2:161C46?7
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:1613754?37A;21492:19=C22:=2A12323451637 = 84664F16 =5? :=7 9=BB15 ?;1 35 61A=@H152 49 2:1 B4=5 =5? :37 =CC4;52 :=7 8115 ?1CB=61? =7 545"A16946H35< =77126?163HA;<51?37A=771?8@2:1=<3726=21;5?16 1C2345&492:1+C21=7;61;5?161C2345& 49 2:1 + C2 37 451 F:3C: 37 C4521HAB=21? ;5?16 7;8"1C2345 (&) 49 1C2345 49 2:1 + C2 1C2345!492:1+C2A64>3?17946=5=AAB3C=2345 248193B1?8@2:1=<<631>1?A=62@=<=3572H1=7;612=G15 ;5?167;8"1C2345(&)491C2345492:1+C2 24 81 ?1216H351? 8@ 2638;5=B :=>35< K;637?3C2345 35 2:1 H=2216 F32:35 & ?=@7 964H 2:1 ?=21 49 7;C: H1=7;61 :=>35< 8115 2=G15 B1=6B@ 7:4;B? 2:1 A123234516 :=7 =5@ <631>=5C1 35 2:1 3HA;<51? 46?16 8135< A=771?
8@ 2:1 =<3726=21 :1 37 =2 B38162@ 24 1JAB461 =5? =>=3B 61H1?@ A64>3?1?;5?161C2345!492:1+C2
12323452:161946137?37H3771?=761716>35<7;C: B38162@
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! 237B192242:1A=6231724C4573?162:145123H1 7122B1H152 A64A47=B A;6A4621?B@ 7;8H3221? 8@ 2:1 A123234516242:18=5G
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