Research › Search › Judgment
High Court of Karnataka · body
2025 DAILYLAW 92942 (KAR)
KESHAVARO S/O NARSINGRAO TALGHATKAR v. ABDUL SUKUR S/O LATE MASTANSAB MIYAN BHAI
RSA/200418/2015 · 2025-12-18
M G S Kamal
body2025
[ 2025 DAILYLAW 92942 (KAR) · dailylaw.ai ]
[ 2025 DAILYLAW 92942 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
- 1 -
!"
#!$!! %%
&'$( )
! ""
#
$
! ""
%&&
'$ $
! ® Digitally signed by SACHIN Location: HIGH COURT OF KARNATAKA
- 2 -
( '
"#
)'
"#
) &
&
! ""
% &
(
&& (
**( && $ && ) *#* & !#*
( (
)
( )
"*!#* &
"#*
( ( )
&
&& &
&&
(
)
#"*#*#
(
+& ( )
,
($
- 3 -
- )
*$! ./0 1234561 02789: 6;;265 /0 <= >.2 :2?29:69>0 6331/2@2:<=>.2A4:3B29>69::27122:6>2:"*!#* ;6002:/9
8 "#*89>.2?/528?29/81/@/5)4:32 4B96<6: .212/96?>21 12?2112: >8 60 >.2 +>1/65 841>, C./7. /0 789?/1B2: <= >.2 A4:3B29> 69: 81:21 :6>2: *#* ;6002:/9 8!#*<=>.2841>8?>.2 ::/>/8965 /0>1/7> 69: 200/890 841> /:61 0/>>/93 6> 606@6D65=69 .212/96?>21 12?2112: >8 60 >.2 +6;;2556>2 841>, # 4<A27> B6>>21 8? >.2 04/> /0 569: <261/93 =
8 !>8>655=B26041/93*67120#E349>600/>46>2:
6> 655/D.2: @/55632 F.212/96?>21 12?2112: >8 60 >.2 +04<A27>569:,?81<12@/>=G
.276028?>.2;56/9>/??/0>.6>H .2 06/: 04<A27> 569: 81/3/9655= <258932: >8 892 60>6906<C.8;6002:6C6=526@/93<2./9:./00890
- 4 -
96B25= <:45 4D41 >.2 81/3/965 ;56/9>/?? 69: .4:406<60./052365.2/10.6>>.281/3/965;56/9>/?? 69: .4:406< C212 /9 A8/9> ;800200/89 69:
29A8=B29> 8? >.2 29>/12 2I>29> 8? >.2 04<A27> 569:
.4:406< ;6002: 6C6= 89 **J#** 526@/93 <2./9:./0C/?2B>2.214922:2?29:69>
8# 69:>C80890;89>.2:2B/028?.4:406<81/3/965 ;56/9>/??65892.60<229745>/@6>/93>.204/>569:<2/93 /9 2I7540/@2 ;800200/89 69: 29A8=B29> 8? >.2 06B2 65893C/>.:2?29:69>
8# # 41/93./05/?2>/B2:272602:.4:406<C60120/:/93 6> =:216<6: 65893 C/>. ./0 C/?2 :2?29:69>
8# 69: ./0 0890 /9 >.2 .8402 8? B8>.21 8? :2?29:69> 8# .4:406< C60 @/0/>/93 655/D.2:
87760/89655=C/>../0?6B/5=1/3/965;56/9>/??C.8C60 745>/@6>/93 >.2 04<A27> 569: C60 3/@/93 .65? 8? >.2 =/25:69:/978B2>8:272602:.4:406<.6>>.212 C60 98 ;61>/>/89 8? >.2 04<A27> 569: 69: >.2 06B2 .60 <229 /9 ;800200/89 8? >.2 ?6B/5= ?81 8@21 * =2610 # .6> 12729>5= :2?29:69>
8# /9 785540/89 C/>. >.2 12@2942 8??/7/650 69: 67>/@2 600/0>69>0 8? :2?29:69> 8 .6: 38> .21 96B2 B4>6>2: /9 >.2 12@2942 12781:0 0.8C/93 .21025? >8 <2 >.2 8C921 69:
;80020081>8692I>29>8?*6712349>6084>8? - 5 -
67120 #E 349>60 8? >.2 04<A27> 569: 47. B4>6>/89 C602??27>2:C/>.69/55/9>29>/898?7640/93580069:
/9A41=>8>.2;56/9>/?? .2 :2?29:69>
8 C/>.84> >.2 D98C52:32 8? >.2 81/3/965;56/9>/??.608<>6/92:123/0>212::22:8?0652 2I274>2:89 *E#**/9./096B2?18B:2?29:69> 8# ?81 6 7890/:216>/89 8? 0"*** 655232:5= ;6/:;1/81>8>.2123/0>16>/898?>.206/::874B29>
" &56/9>/??52619>6<84>>.206/:/552365>169067>/89C.29 .2 65893 C/>. ./0 089 (6/18K C212 ;5843./93 >.2 04<A27> 569: 89 *E##** <= 40/93 >.2 >167>81 <25893/93>88921/ 2@696;;6&85/72&6>/5.6>6> 6<84> *J* 6B 89 *E##** :2?29:69>
8 76B2>8>.20;8>69:756/B2:>.6>.2.6:;417.602:
?18B :2?29:69>
8# ?81 @6546<52 0652 7890/:216>/89
0"***084>.219 ;81>/89 8? >.2 04<A27> 569: 65893C/>..65?8?1/3.>>8/11/36>2?18B8?>.21/3.>>8 /11/36>2 ?18B >.2 C255 69: >8 >.2 ;18:472 ?18B >.2 >6B61/9: >122 .6> :2?29:69>
8 6>>2B;>2: >8 ;12@29>>.2;56/9>/???18B;5843./93>.2084>.219.65? ;81>/898?>.2569: &56/9>/??
76552: >.2 92/3.<81/93 569:8C9210 96B25= 6936;;6 8 .69D212;;6 65/ &6>/5 ./@616A 8 .69D212;;6 256349:/ 69: 02@2165 8>.21 58765
- 6 -
;210890 8? 655/D.2: 69: :2B69:2: :2?29:69> 8 >.6> .2 <2/93 >.2 788C921 69: >.2 780.6121 65893 C/>. :2?29:69>
8# C60 29>/>52: >8 ;417.602 >.20.6128?:2?29:69>
8#69:.2C60126:=>8<4= >.2 06B2 <= ;6=/93 >.2 29>/12 7890/:216>/89 8? 0"***8C2@21:2?29:69>
812?402:>.2 06/::2B69:B6:2<=>.2;56/9>/??89*!##** &56/9>/?? 76B2 >8 >.2 4< 23/0>161 ??/72 69:
8<>6/92: 721>/?/2: 78;= 8? 0652:22: 69: C29> >8 =:216<6:>829L4/126<84>>.22I274>/898?:22:8? 0652 <= .21 /9 ?6@8418? :2?29:69>
8# C/>.84>./0 D98C52:3260.2C60126:=>8;417.602>.206B26> >.206B2@654269:12L420>2::2?29:69>
8#>8A8/9 C/>. :2?29:69>
8 /9 789@2=/93 >.2 569: /9 ./0 ?6@84160.2C60126:=>8;417.602>.206B2.6> .2 B6:2 >.2 06/: 12L420> /9 >.2 ;1202972 8? 6936;;6 65/ &6>/5 69: ./@616A 256389:/ 69: 8>.210 6> =:216<6: 2?29:69>
8# 12?402: >8 78B;5= C/>. >.2 :2B69: B6:2 <= >.2 ;56/9>/?? /9 2I217/028?./01/3.>8?;122B;>/89 E &56/9>/?? 636/9 6;;1867.2: :2?29:69> 8 89 ###** 8??21/93 >8 ;417.602 >.2 ;81>/89 8? >.2 ;18;21>= ?81 0"*** 69: 12L420>/93 ./B >8 2I274>2 123/0>212: :22: 8? 0652 /9 ./0 ?6@841 65893 C/>.:2?29:69>
8# C./7. C60 6508 12?402: /@/93
- 7 -
1/02 >8 76402 8? 67>/89 ?81 >.2 04/> 2972 >.2 04/> 022D/93?8558C/93125/2?0
! ""#$%$#$&$ '
()"
"
*'#$%$#$!*$!+
, - ,
. -
$! / * 0
1
#$ !+& 2
$3!"'*2 & ' !(2 '2* &#
#
,
1
$
4 0
$!/*0
#
! "" #$%$&$ '
()"
#$ !+& 2 1
$
$
$! / * 0
! ""#$% #$&$ '
()"
$ 3!"'*2 & '
- 8 -
,
!(2 '2* &
3
,5
31
6
1
$ %
6
1
$7
" 2?29:69>0 /9 >.2/1 C1/>>29 0>6>2B29> :29=/93 >.2B6/9>6/96</5/>=8?>.204/>789>29>2:>.6>
" .2 .40<69: 8? :2?29:69>
8# .4:406< C60 >.2 2I7540/@2 8C921 69: ;800200/89 8? >.2 084>.219 ;81>/89 8?>.2 04<A27> 569: 69:6?>21 ./0:2B/02 >.2 06B2 .60 <229 B4>6>2: /9 >.2 96B2 8? :2?29:69> 8# /9 67781:6972 C/>. 56C &56/9>/??C60 92@21 >.2 A8/9> 8C921 65893 C/>. :272602: .4:406< &56/9>/?? .6038>./002;616>20.612/9>.204<A27>569:C./52 >.2 .40<69: 8? :2?29:69>
8# C60 .6@/93 ./0 02;616>2 0.612 .2 12781:0 8?
1/3.>0 92@21 0.8C2:
A8/9> 8C9210./; 8? >.2 ;56/9>/?? 69: >.2 :272602: .4:406<6>69=>/B2
"# .6>4;89>.2:2B/028?.40<69:8?:2?29:69>
8# ;56/9>/??.6:<278B2:/0.8920>69:C/>.69/9>29>/89 8?.61600/93>.2:2?29:69>
8#600.2C60120/:/93 6> =:216<6: ?/52: >.2 ?6502 04/> .2 ;56/9>/?? 69:
- 9 -
>.2.40<69:8?>.2:2?29:69>
8#C212/902;616>2 69: 2I7540/@2 ;800200/89 69: 29A8=B29> 8? >.2/1 120;27>/@2 0.6120 8C2@21 6 C255 0/>46>2: /9 >.2 04<A27> 569: C60 /9 A8/9> ;800200/89 69: 29A8=B29> 8?>.2;56/9>/??69:./0:272602:<18>.21267..6@/93 .65? 0.612 1/3.> >/>52 /9>2120> >.212/9 &56/9>/?? /0 /9 ;800200/89 8? >.2 981>.219 0/:2 8? >.2 04<A27> 569:
C./52 >.2 084>.219 ;81>/89 8? >.2 04<A27> 569: <258932:>8:272602:.4:406<
" .6>4;89>.2:2B/028?.40<69:8?:2?29:69>
8# 0.2.6@/93789@2=2:084>.219;81>/898?>.204<A27> 569:/9?6@8418?:2?29:69>
8#>8>.2D98C52:328? >.2 81/3/965 ;56/9>/?? 0.2 .60 52?> >.2 @/55632 8? 655/D.2:
?81 >.2 ?41>.21 2:476>/89 69:
2B;58=B29> 8? .21 0890 6> =:216<6: 2972 0843.>?81:/0B/00658?>.204/>
602: 89>.2 ;526:/930>1/65841> ?16B2: >.2 ?8558C/93/00420 !$ 8
1
$9$9$()"
" *'
: *$ 8
! *'
, - 6$,
:
- 10 -
"$ 8
0
: +$ 8
9$! *
9$! 9$!"'*2 & '
!($ '$* &
#$!+& 2
9$*
: ($ 8
#$! 2
: &$ 8
:
&56/9>/??2I6B/92:./B025?60&$69:698>.21 C/>9200 <= 96B2 1/0.96 60 &$# 69: 2I./</>2: :874B29>0B61D2:60I&>8&(841C/>920020.6@2 <2292I6B/92:89<2.65?8?:2?29:69>060$>8$" 69: .6@2 2I./</>2: E :874B29>0 B61D2: 60 I >8 E6 >8 7 9 6;;127/6>/89 8? >.2 2@/:2972 >.2 >1/65 841>690C212:0042
80>8/9>.26??/1B6>/@20042 80"69: /9>.29236>/@269:78902L429>5=:27122:>.2 04/> :/127>/93 >.2 :2?29:69>0 69: >.2 52365 .2/10 8? :272602:.4:406<>82I274>2123/0>212::22:8?0652/9 ?6@841 8? >.2 ;56/9>/?? <= 1272/@/93 0"*** C./7. - 11 -
C60:2;80/>2:<2?812>.2841>.85:/93>.6>>.2;56/9>/??/0 .6@/93 1/3.> 8? ;122B;>/89 >8 12;417.602 >.2 04/> 569: C/>./9>C8B89>.0?18B>.2:6>28?>.281:21 E 2/936331/2@2::2?29:69>0;12?2112:61234561 6;;265/9 8!#*890/:21/93>.231849:04132: >.2?/10>6;;2556>2841>?16B2:>.2?8558C/93;8/9>0?81/>0 7890/:216>/89 !$ . 3
$9$9$()"
"
*'
: *$ . 30
1:
"$ 8 :
9126;;127/6>/898?2@/:2972690C212:;8/9>
8069: #/9>.29236>/@269:78902L429>5=:/0B/002:>.26;;265 789?/1B/93 >.2 A4:3B29> 69: :27122 ;6002: <= >.2 >1/65 841>2/936331/2@2::2?29:69>0612<2?812>./0841>
- 12 -
! ./0841><=81:21:6>2:#J* #*#"6:B/>>2:
>.2 6?81206/: 6;;265 ?81 7890/:216>/89 89 >.2 ?8558C/93 04<0>69>/65L420>/8908?56C !$ 8
6
2
*"! *"&
4 ;1 1
1
:
*$ 8
3 1
!$"":7
J 1/ 6:5881 6>=69616=6967.61=6 526192: 78490256;;261/93?81>.26;;25569>12/>216>/93>.231849:0 4132:/9>.2B2B8169:4B8?6;;26504<B/>>2:>.6> J .2 >1/65 841> 69: >.2 ?/10> 6;;2556>2 7841> .6@2 318005=2112:/9:27122/93>.204/>C/>.84>6:@21>/93 >8 >.2 12L4/12B29> 8? 0>1/7> 78B;5/6972 >8 >.2 ;18@/0/890 8? 27>/89 # 69: # 8?
>.2 4556,0 &1/97/;5208?6.8B2:696C J# .6> >.2 >1/65 841> 69: >.2 ?/10> 6;;2556>2 841> .6@2 2112: /9 98> 6;;127/6>/93 >.2 2@/:2972 B6:2
- 13 -
6@6/56<528912781:C./7.76>2381/7655=;18@2:>.6> >.2;56/9>/??69:>.2.40<69:8?>.2:2?29:69>
8# C212 98> /9 A8/9> ;800200/89 69: 29A8=B29> 8? >.2 ;18;21>= 60 756/B2: 2 12?210 >8 ;616316;.0 "
" # 69: #E 8? >.2 :2;80/>/89 8? &$ >8 789>29: >.6> ;56/9>/?? C60 /9 ;800200/89 69:
29A8=B29> 8? 981>.219 .65? ;81>/89 8? >.2 ;18;21>= C./52.40<69:8?:2?29:69>
8#.4:406<C60/9 745>/@6>/89 69: ;800200/89 8? 084>.219 .65? 8? >.2 ;18;21>=.6>>.2A8/9>745>/@6>/89C60895=>/55>.2 B611/6328?.4:406<C/>.:2?29:69>
8# J .6> >.2 12781:0 8? 1/3.>0 C845: /9:/76>2 >.2 ;18;21>=C60B4>6>2:A8/9>5=/9>.296B28?;56/9>/?? 69: .4:406< 6>21 /> C60 B6:2 /9 >.2 96B2 8? ;56/9>/?? 65892 .6> >.212 /0 :2?/9/>2 </?4176>/89 8? >.204/>569:/9>8981>.21969:084>.219;81>/89 J" .2:2?29:69>
8/098>60>169321>8>.2;61>/20 60.2/06:B/>>2:5=>.28C9218?>.2569:0/>46>2: 89>.2084>.2190/:28?>.204<A27>569: J .6> >.212 .60 <229 98 :2B69: 60 789>2B;56>2:
49:2127>/890#69:#8?4556-0&1/97/;5208? 6.8B2:696C J .6>>.204/>/06508<6:/956C6008908?.4:406< .6@298><229B6:2;61>/20>8>.204/>I217/028? - 14 -
1/3.> 8? ;122B;>/89 769 895= <2 B6:2 <= 6 788C921 <= B6D/93 6 :2B69: 636/90> >.2 8>.21 788C9210 2?29:69>
8# <2/93 >.2 C/?2 8? .4:406< /0 895= 29>/>52: ?81 !>. 0.612 /9 >.2 084>.219;81>/898?>.204<A27>569:/9>21B08?>.2 ;1/97/;5208?405/B&21089656C8?9.21/>69720 047.>.21276998><26:2B69:?812I217/0/931/3.> 8? ;122B;>/89 /9 120;27> 8? ;61> 8? >.2 569:
8902L429>5= >.212 /0 98 78B;5/6972 8? >.2 56C 12L4/1/93 :2B69: >8 <2 B6:2 /9 120;27> 8? >.2 29>/12;81>/898?>.2569: JE .2 2@/:2972 8? &$# /0 8? 98 78902L42972 60 >.2 06/:C/>92006;61>?18B<2/9367.6972C/>9200.60 ;526:2:./0/39816972C/>.12361:>8>.2789>29>08? ./06??/:6@/>?/52:/95/248?2I6B/96>/89/97./2?.6> .2.60752615=6:B/>>2:.298>@/0/>/93=:216<6:>8 B22>:2?29:69>98#600843.>>8<2789>29>2:<= ;56/9>/?? :2B69:/93 2I274>/89 8? :22: 8? 0652 /9 ?41>.216972 >8 2I217/02 8? ./0 1/3.> 8? ;122B;>/89 8 C/>920020 .6@2 <229 2I6B/92: >8 ;18@2 >.2 2I217/02 8? 1/3.> 8? ;122B;>/89 <= >.2 ;56/9>/?? :2B69:/93 2I274>/89 8? 0652:22: /9 120;27> 8? 084>.219;81>/898?>.204<A27>569:
- 15 -
J! 904;;81>8?./004<B/00/89>.27849025125/2:4;89 >.2?8558C/93A4:3B29>0
12;81>2:/9 !<
"### $%
#
"
"# "### "
12;81>2: /9 && '( ) &$
2972 022D0 ?81 04<0>69>/65 L420>/89 8? 56C >8 <2 690C212:/9?6@8418?>.26;;25569>0:2?29:69>0 * 1/ 221 8.6BB6: 5/ 526192: 78490256;;261/93?81;56/9>/??120;89:29>04<B/>>2:>.6> * .212 .60 <229 98 ;61>/>/89 8? >.2 04<A27> 569: 69=>/B2:41/93>.25/?2>/B28?.40<69:8?:2?29:69> 8#8104<02L429>>.2128?.6>>.212781:08?1/3.> ;18:472: 6> I# /9:/76>2 >.6> 96B2 8? 60>6906< >.2 ?6>.21 8? ;56/9>/?? 69: .40<69: 8? :2?29:69>
8# <2/93 12?527>2: ?81 >.2 =2610 J ! J .2126?>21 96B2 8? ;56/9>/??
69: .4:406< C6012?527>2:?81>.2=261J#.6>>.21261298 12@294212781:0<2>C229>.2=261J>8#***.2 12781:08?1/3.>;18:472:6>I0&>8I&E?81>.2 =2610 #** 69: #**E 12?527> 895= 96B2 8? ;56/9>/?? - 16 -
6B2 8? .4:406< .60 <229 12?527>2: 89 69: 6?>21 *E#**6>>.2/90>69728?:2?29:69>
8# *# 2?29:69>
8# 65892 .60 98 1/3.> >8 65/296>2 >.2 29>/12;18;21>=.2789@2=69728?>.2569:/9?6@841 8? :2?29:69>
8 <= :2?29:69>
8# /0 :2?27>/@2 /972 >.212 .60 <229 98 ;61>/>/89 69: >.2 04<A27> 569: .60 12B6/92: /9 78BB89 0890 8? :272602: .4:406<922:98><2B6:2;61>/20>8>.204/> * .6> >.212 .60 <229 6 76>2381/765 6:B/00/89 <= :2?29:69>
8# /9 .21 :2;80/>/89 12361:/93 ;56/9>/?? 69::2?29:69>
8#745>/@6>/93>.2569:>832>.2169:
>.212<2/9398</?4176>/89
8:874B29>61=2@/:2972 /0 ;18:472: <= >.2 :2?29:69>0 >8 2@/:2972 ;61>/>/89 8?>.2;18;21>=/9>8981>.21969:084>.219;81>/890 *" .6>B2125=<276402:2?29:69>
88C92:./0569:
89 >.2 084>.219 0/:2 .2 C845: 98> 32> 69= ;121836>/@2 >8 ;417.602 >.2 ;18;21>= :29=/93 >.2 0>6>4>81= 1/3.> 8? ;122B;>/89 6@6/56<52 /9 ?6@841 8? >.2;56/9>/?? * .212 /0 98 043320>/89 B6:2 >8 &$ 81 >8 &$# :29=/93>.27/174B0>69728?;56/9>/??B6D/93:2B69:
89 *E##** *!##** 69: ###** /9 2I217/028?./01/3.>8?;122B;>/899?67>$.60 6:B/>>2: >.2 7/174B0>6972 8? 047. :2B69: <2/93
- 17 -
B6:2 <= >.2 ;56/9>/?? /9 ./0 :2;80/>/89 /B/5615= :2?29:69>
8#.6065086:B/>>2:>.2:2B69:0>.6> C212B6:2<=>.2;56/9>/?? * .2 31849: 8? 989 /B;526:B29>989A8/9:21 8? ;61>/20 96B25= 0890 8? .4:406< /0 16/02: ?81 >.2 ?/10> >/B2 /9 >./0 6;;265 69: >.2 06B2 .60 92/>.21 <229;526:2:9814132:<2?812>.2>1/65841>69:>.2 ?/10>6;;2556>2841> *E &56/9>/?? .60 ;526:2: >.6> >29697= /9 78BB89 C./7. .60 <229 6772;>2: <= >.2 >1/65 841> 69: >.2 ?/10> 6;;2556>2841>.212.60<22978B;52>278B;5/6972 8?>.2;18@/0/8908?27>/89#8?4556-0&1/97/;520 8? 6.8B2:696C .2 >1/65 841>.6@/936:@21>2: >8?67>46569:5236560;27>8?>.2B6>>21.6@21/3.>5= :27122: >.2 04/> C./7. /0 789?/1B2: <= >.2 ?/10> 6;;2556>2 841> 69: 98 04<0>69>/65 L420>/89 8? 56C >.212?812C845:61/02?817890/:216>/892972022D0 ?81:/0B/00658?>.26;;265 261:&21402:>.212781:0 # /972>.204/>/0892022D/93:275616>81=125/2? 12361:/93 ;56/9>/??,0 29>/>52B29> >8 2I217/02 ./0 1/3.> 8? ;122B;>/89 69: ?81 B69:6>81= /9A497>/89 :/127>/93
- 18 -
:2?29:69>0>82I274>2:22:8?0652/9120;27>8?;81>/898? 04<A27> 569: 6;;18;1/6>2 >8 12?21 >8 >.2 ;18@/0/890 8? 27>/890 # # 69: #" 8? >.2 4556,0 &1/97/;520 8? 6.8B2:696CC./7.6122I>167>2:.21249:21 & $ * +
,+ =
1
= ! >?< %
< *
1 1
>?<
"1 0
> 0?
1 1 >-
+)!?$ % 1 1
1
$
$-1
1
6
1
>- ( ?$ @ =
A$
A
- 19 -
$ 1
$7 & $ - . +
,+ = 9
! $
1
0
=
* 1
1
1
0
1 1
$
11
$ @ !$ 1
$B
>$*"*?$ @BBB
1
$B
A
$ 8
$%
A
$
- 20 -
8
$ @BBBB
1
$ @BC8 1
A
$B
1
1
$ 8
1
$ B
$ @ C$ 9
1
6
$7 &/0$ % . +
,+= * % %,1
1
$%1
1
$77
- 21 -
.2881:/96>2297.8?>./0841>/9>.27602 8? "### $%
# "
"#
"### "
12;81>2: /9 && '( ) &1 ;616316;.0 # #" # 69: # .60 6965=K2: 69: 04BB2:4;>.26?81206/:;18@/0/890.206/:;616316;.0 6122I>167>2:.21249:21 *"$ %
*"! 4 ;1
$ $
1 1 1
0
$
$ $
A
$ ,1
% 3
-#C$-$-0 # D C$ ; D
!EE+'3#'(&
1
$ *+$
1 1 $
1
1
1
$
*"&
1
1
1
3$
=
$
- 22 -
1
$
1
1
0
1 1
$
1 $B
1
1$ *($ B 2324-
56-7 +
'0( &! &/ ,3 %
1
1
1
$1
1 % 1
1
1
$- 3 ,3
F%9F%#%%.5
1
1
1 55
1
55$
0
4 ;1$ ,3
1
B $ - ,3
0 1
1
1
$ B
1
1
$
1
1
1
1
1
$
- 23 -
*&$
1 4 1
6
1 $
$
1
1 1
$ B
1
1
$
6
$
1
31
1 $7
" .2?67>069:7/174B0>697208?>.2;12029>7602 922:0>8<26965=K2:/9>.25/3.>8?6?81206/:;1/97/;5208? 56C 38@219/93 2I217/02 8? 1/3.> 8? ;122B;>/89 <= >.2 ;56/9>/?? :B/>>2:?67>08?>.2B6>>21/0>.6>04<A27>569: 81/3/9655=<258932:>860>6906<C.8;6002:6C6=526@/93 <2./9:./0089096B25=<:454D41>.281/3/965;56/9>/?? 69: ./0 <18>.21 .4:406< 267. <278B/93 29>/>52: ?81 2L4650.612>.212/9
- 24 -
2@294212781:0;18:472:6>I0&>8&<= >.281/3/965;56/9>/??12?527>./096B24;>8>.2=261#**" #** I0##650812?527>>.296B28? ;56/9>/???81>.2=2610J ! J>8J# E
6B2 8? :2?29:69>
8# .60 <229 B4>6>2: /9 >.212@294212781:0@/:2 8 89!* #**60;21 I .206/::874B29>12?210>86;61>/>/89;41;81>2:5= .6@/93>6D29;567289*J*#** ! 7781:/93>8>.2;56/9>/??:41/93>.25/?2>/B28?
./0 <18>.21 .4:406< 69: 2@29 >.2126?>21 .2 .60 <229 2I7540/@25= 745>/@6>/93 >.2 04<A27> 569: <= 3/@/93 .65? 8? >.2;18:47269:;18722:0>8.4:406<60.2C60120/:/93 C/>. ./0 ?6B/5= 6> =:216<6: .2 ?67>4B 8? .4:406< 120/:/93C/>../0C/?26>=:216<6:/098>:29/2:9?67> 67781:/93 >8 :2?29:69>
8# 2@29 6?>21 0255/93 >.2 084>.219 ;81>/89 8? >.2 ;18;21>= 0.2 .60 3892 <67D >8 =:216<6: 52615= .4:406< :41/93 ./0 5/?2>/B2 .6: 125876>2:6>=:216<6:69:./0?6B/5=789>/942:>8120/:2 6>=:216<6:2@296?>21./0:2B/02
- 25 -
J .2>1/65841>/9/>0A4:3B29>C./52690C21/93 /0042
80>8"6>;616316;.0E!J#*69:#.60 2I>167>2: >.2 :2;80/>/89 8? $# C.8 .60 76>2381/7655= 6:B/>>2:>.6>0.2C60745>/@6>/93>.2569:65893C/>.>.2 ;56/9>/?? .6> 2@29 6?>21 >.2 0652 8? 569: /9 ?6@841 8? :2?29:69>
8>.2;56/9>/??/0745>/@6>/93>.206B2 #* .2 >1/65 841> .60 6508 >6D29 98>2 8? >.2 ?67> >.6> >.843. >.2 :2?29:69>
8# .60 756/B2: ;61>/>/89 .6@/93<229>6D29;5672<2>C229>.281/3/965;56/9>/??69:
.21 .40<69: :41/93 >.2/1 5/?2>/B2 0.2 .60 98> 3/@29 69= :2>6/50 60 >8 >.2 =261 /9 C./7. 047. ;61>/>/89 .6: >6D29 ;5672 # .2 ?/10> 6;;2556>2 841> 89 126;;127/6>/89 8? >.2 B6>>21 .60 789?/1B2: >.2 ?/9:/93 69: 7897540/89 611/@2:6><=>.2>1/65841>>.606508>6D2998>28?>.2 ?67> >.6> /? 6> 655 >.212 C60 6 ;61>/>/89 <2>C229 81/3/965 ;56/9>/?? 69: ./0 <18>.21 .4:406< >.2 06B2 7845: .6@2 <22929>212:/9>8>.212@294212781:04>>.2:2?29:69> 8#?6/52:>8;18:47269=2@/:2972>8;18@2>.2:/@/0/89
- 26 -
8? 04<A27> 569: <2>C229 >.2 81/3/965 ;56/9>/?? 69: .4:406< ##
8 B6>21/650 ;5672: 89 12781: <= >.2 :2?29:69>0>8A40>/?=>.2/1756/B8?:/@/0/898?>.204<A27> 569:<2>C22981/3/965;56/9>/??69:./0<18>.21.4:406</9 6 B69921 981>.219 ;81>/89 <2/93 6558>>2: >8 >.2 0.612 8? 81/3/965 ;56/9>/?? 69: 084>.219 ;81>/89 <2/93 12>6/92: <= .4:406< # .40 /9 >.2 5/3.> 8? >1/65 841> 69: >.2 ?/10> 6;;2556>2 841> 78B/93 >8 >.2 7897540/89 8? :2?29:69>0 ?6/5/93>8;18@2>.2;61>/>/89>.281/3/965;56/9>/??69:>.2 :2?29:69>
8# 69: .21 7./5:129 7845: <2 >.2 780.61210 69: >2969>0/978BB89 /9 120;27> 8? >.2 04<A27> 569: ./0?67>46560;27>8?>.2B6>>2106>/0?/20>.212L4/12B29> 8?27>/89#8?>.24556,0&1/97/;5208?6.8B2:69 6C2I>167>2:6<8@2 #" 0 12361:0 :2B69: <= >.2 81/3/965 ;56/9>/?? ?81 ;122B;>/89<=60021>/93./01/3.>>8;417.602>.2;81>/89
- 27 -
8? >.2 04<A27> 569: 085: <= :2?29:69>
8# /9 ?6@841 8? :2?29:69>
8/9?41>.216972>8>.2;18@/0/8908?27>/89 #8?4556,0&1/97/;5208?6.8B2:696C98>2:6<8@2 >.281/3/965;56/9>/??.602I6B/92:./B025?60&$69:.60 12/>216>2:>.2;56/9>6@21B29>0/9./02I6B/96>/89/97./2? 2 .60 0;27/?/7655= :2;802: >.6> 89 *E##** <2>C229 J* 69: *** 6B C./52 .2 C60 ;5843./93 >.2 04<A27> 569: 65893 C/>. ./0 089 (/18K C/>. >.2 >167>81 8? 892 1/
2@6996 &85/72 &6>/5 :2?29:69>
8 .6: 78B2 >8 >.2 0;8> 756/B/93 >8.6@2 ;417.602:>.2 084>.219.65? 8? >.2 04<A27>569:69:.6:60D2:;56/9>/??98>>8;5843.>.206/:
084>.219 .65? ;81>/898? >.2 04<A27>569: .6> C./52 >.2 81/3/965 ;56/9>/??
69: :2?29:69>
8 :/07400/93 02@2165 ;210890 /9754:/93 892 6936;;6 65/;6>/5 ./@616A 256349:/1/0.9665893C/>.8>.21;210890.6:36>.212: 6>>.204<A27>569:9>.2/1;120297281/3/965;56/9>/??.6:
12L420>2: :2?29:69>
8 >8 0255 ;81>/89 8? >.2 04/> 569:
;417.602: <= ./B 69: >.6> .2 C60 126:= >8 ;6=
0"*** >8 12;417.602 >.2 06B2 6/: 12L420> C60
- 28 -
B6:2 /9 >.2 ;1202972 8? ;210890 C.8 C212 36>.212:
>.212 .2 06/: 12L420> C60 98> 6772;>2: <= :2?29:69> 8 .6> " :6=0 >.2126?>21 81/3/965 ;56/9>/?? .6: 3892 >8 =:216<6: 65893 C/>. 6?81206/: ;210890 >8 29L4/12 :2?29:69>
8#60>8.8C0.27845:0255>.2;81>/898?>.2 04<A27>569:C/>.84>>.2D98C52:328?>.281/3/965;56/9>/?? 69:C/>.84>>.212<2/93:/@/0/898?>.206B2.6>.2.6: 650812L420>2:.21/?0.27845:78B28@21>8655/D.2:
@/5563269:A8/9:2?29:69>
8/9120255/93>.2;81>/898? 04<A27>569:/9./0?6@841C./7.C60650812?402:
# 8 >.2 6?81206/: 8165 >20>/B89= 8? >.2 81/3/965 ;56/9>/?? >.212 /0 98> 2@29 6 043320>/89 /9 >.2 71800 2I6B/96>/898?&$:29=/93>.28??21B6:2<=./B/9>.2 ;1202972 8? >.2 ;210890 96B2: 6<8@2 89 *E##** >8 >.2:2?29:69>
8>8;417.6026;81>/898?04/>569:
# (41>.21 >.2 81/3/965 ;56/9>/?? .60 2I6B/92:
&$# 96B25= 1/0.96 8
616=69168 20.;69:2 C.8 /9 ./0 2I6B/96>/89/97./2? .60 :2;802: 6<84> .2 <2/93 ;12029> 6> >.2 0;8> C.29 >.2 81/3/965 ;56/9>/?? .6:
- 29 -
:2B69:2::2?29:69>
8>80255>.2;18;21>=>8./B2 .60 6508 :2;802: 6<84> .2 6778B;69=/93 >.2 81/3/965 ;56/9>/?? 65893 C/>. 892 6936;;6 65/;6>/5 >8 =:216<6:
60D/93 :2?29:69>
8# >8 0255 >.2 ;81>/89 8? ;18;21>= >8 >.2 81/3/965 ;56/9>/?? 9 >.2 718002I6B/96>/89 >.2 06/:
C/>9200 .60 0>6>2: >.6> 89 >.2 :6= C.29 >.2 8??21 C60 B6:2 <= >.2 81/3/965 ;56/9>/?? >8 ;417.602 >.2 ;81>/89 8? 04<A27> 569: >.212 C212 6<84> *# ;210890 C212 ;12029>
8>./93.60<22925/7/>2:?18B>.206/:C/>9200>8 :/0712:/>>.276028?>.281/3/965;56/9>/??8?.28??21/93>8 ;417.602>.2;81>/898?>.204<A27>569:
#E 26192: 7849025 ?81 >.2 :2?29:69>0 .8C2@21 12?210 >8 >.2 690C21 >8 6 043320>/89 B6:2 <= &$# 6> ;616 8? ./0 :2;80/>/89 12781:2: 89 *E*!#**J C.212/9 >.2 06/: C/>9200 .60 12;5/2: >.6> ./B025? 69: 81/3/965 ;56/9>/??.6:98>@/0/>2:=:216<6:>8022:2?29:69>
8# .206/:690C21B6=98><28?B47.0/39/?/7697260>.212 /0 98 0;27/?/7 :29/65 8? 81/3/965 ;56/9>/?? 69: 06/: C/>9200 65893C/>.8>.210@/0/>/93:2?29:69>
8#29L4/1/936<84>
- 30 -
0.2 0255/93 >.2 ;81>/89 8? 04<A27> 569: 69: >.2 81/3/965 ;56/9>/?? B6D/93 69 8??21 >8 ;417.602 >.2 06/: ;81>/89 8? >.204<A27>569: #! $ 89 >.2 8>.21 .69: /9 ./0 71800 2I6B/96>/89.606:B/>>2:>.6>89*E##**.2.6:3892 >8 >.2 04/> 569: 6> >.6>>/B2 81/3/965;56/9>/??
69: ./0 089 (/18K C212 ;12029> 89 >.2 04/> 569: 2 .60 .8C2@21 :29/2:>.2043320>/898?>.2=L420>/89/936<84>./01/3.>0 69:.2120;89:/93>8>.2B8?.2.6@/93;417.602:;81>/89 8?>.204<A27>569:?81 0"***?18B:2?29:69>
8# 2 .60 6508 :29/2: >.2 043320>/89 8? 81/3/965 ;56/9>/?? B6D/93 69 8??21 >8 ;417.602 >.2 04<A27> 569: /9 >.2 ;1202972 8? 6936;;6 65/;6>/5 ./@616A 256349:/ 69: 8>.210 #J .2 6:B/00/89 8? >.2 :2?29:69>
8 /9 ./0 :2;80/>/89 12361:/93 .2 @/0/>/93 >.2 04/> 569: 89 *E##** C.212 >.2 81/3/965 ;56/9>/?? 69: ./0 089 (/18K <2/93 ;12029> 89 >.2 06/: 0;8> >655/20 69: 0>69:0
- 31 -
78118<816>2:C/>.>.2@210/898?>.281/3/965;56/9>/??M&$ 69:&$# * 2?29:69>
8# .60 :29/2: >.2 043320>/89 8? 81/3/965 ;56/9>/?? @/0/>/93 .21 65893 C/>. >C8 C/>920020 6> =:216<6: .26?81206/::2;80/>/898?>.2;61>/2020>6<5/0. >.2 ?67> >.6> 0889 6?>21 81/3/965 ;56/9>/?? 52619/93 6<84> :2?29:69>
8 ;417.60/93 >.2 084>.219 ;81>/89 8? >.2 04<A27>569:?18B:2?29:69>
8.6::2B69:2:2I217/02 8? ./0 1/3.> 8? ;122B;>/89 0 0229 /9 >.2 8;216>/@2 ;81>/898?>.281:218?>.21/65841>/9?41>.2169728?./0 /9>29>/89 81/3/965 ;56/9>/?? .6: 2@29 :2;80/>2:
0"*** <2/93 >.2 0652 7890/:216>/89 ;6/: <= :2?29:69>
8 >8 :2?29:69>
8# ?81 ;417.602 8? 084>.219;81>/898?>.204<A27>569:/92I217/028?./01/3.> 8? ;122B;>/89 9 >.2 5/3.> 8? >./0 6@6/56<52 B6>21/65 89 12781: 789>29>/89 8? 81/3/965 ;56/9>/?? 98> 2I6B/9/93 0;27/?/7 C/>920020 <2?812 C.8B .2 B6:2 >.2 8??21 60 96B2: /9 >.2 ;56/9> 0.655 98> <2 69 /B;2:/B29> ./0 /0
- 32 -
;61>/745615= /9 @/2C 8? >.2 ?67> >.6> &$# /9 ./0 6??/:6@/> 2@/:29726>;616316;.J.600;8D296<84>>.2;1202972 8? 6936;;6 65/;6>/5 69: ./@616A 256349:/ 89 *E##** 6> >.2 0;8> C.29 >.2 81/3/965 ;56/9>/?? .6: :275612: ./0 /9>29>/89 69: .6: 8??212: >8 ;417.602 >.2 04<A27> 569: 9 >.2 718002I6B/96>/89 98> 2@29 6 043320>/89 ;4> >8 &$# :29=/93 >.2 ;1202972 8? 06/: C/>9200206>>.20;8> # .2 789>29>/89 8? >.2 7849025 ?81 >.2 :2?29:69>06;;25569>0 >.6> >.2 :2B69: B6:2 <= >.2 81/3/965 ;56/9>/?? >8 ;417.602 >.2 04<A27> 569: C60 895= 636/90> :2?29:69>
8# C.8 .6: 895= !>. 0.612 /9 >.2 ;18;21>=C/>.84>08908?.4:406<<2/93B6:260;61>=/9 >.2 04/> >.2 2I217/02 8? 1/3.> 8? ;122B;>/89 C845: <2 /9 78B;52>276998><27849>296972:/9>.2?67>00/>46>/898? >.2B6>>21.2:2B69:<=>.281/3/965;56/9>/??C60>8>.2 29>/122I>29>8?569:085:<=:2?29:69>
8#/9?6@8418? :2?29:69>
8 69: 98> >8 >.2 ;81>/89 612 ;61> 8? >.2 06B2
- 33 -
(18B >.2 6?81206/: B6>21/65 2@/:2972 6@6/56<52 8912781:>.2?8558C/93?67>02B2132: / .6>>.281/3/965;56/9>/??69:.4:406<C212>.278 8C9210780.61210 8?
>.2 04<A27> 569: 267. <2/93 29>/>52: ?81 .65? 2L465 0.612 6?>21 :2B/02 8? >.2/1 ?6>.2160>6906< // .6> >.212 .60 <229 98 ;61>/>/89 8? >.2 04<A27> 569: <2>C229>.281/3/965;56/9>/??69:.4:406<:41/93./0 5/?2 >/B2 81 2@29 >.2126?>21 <2>C229 81/3/965 ;56/9>/?? 69::2?29:69>
8# /// .6>>.281/3/965;56/9>/??789>/942:>8<2/9;800200/89 69:745>/@6>/898?>.229>/1204<A27>569:60780.6121 69: >2969>/978BB89 2@29 6?>21 >.2 :2B/02 8? .4:406< /@ .6> 81/3/965 ;56/9>/?? 65893 C/>. ./0 089 (/18K C212 ;12029>69:;5843./93>.2/1569:89*E##**C.29 >.2:2?29:69>
8@/0/>2:>.204<A27>569: @ .6> 81/3/965 ;56/9>/?? .6: /9:22: B6:2 6 :2B69: 8? ./0 1/3.>0 8? ;122B;>/89 <= 8??21/93 >8 ;417.602 084>.219 ;81>/89 8? 04<A27> 569: 085: <= :2?29:69> 8 /9 ?6@841 8? :2?29:69>
8# /9 >.2 ;1202972 8? >.2C/>92002096B2:/9>.2;56/9>69:/9>.22@/:2972
- 34 -
@/ 9 ?41>.216972 >8 ./0 /9>29>/89 >8 ;417.602 >.2 ;18;21>= 81/3/965 ;56/9>/?? .6: 2@29 :2;80/>2:
0"***<2?812>.2>1/65841> @// .212L4/12B29>8?;18@/0/898?27>/89#69:# 8? >.2 4556,0 &1/97/;520 8? 6.8B2:69 6C 0>69:0 78B;5/2:
" 4<0>69>/65 L420>/890 8? 56C 612 690C212: 67781:/935=7781:/935=>.2?8558C/93
/ ;;265/0 // )4:3B29>69::27122:6>2:"*!#*;6002: /9
8 "#* 89 >.2 ?/52 8? >.2 29/81 /@/5 )4:32 4B96<6: 69: >.2 A4:3B29> 69: :27122 :6>2: *#* ;6002: /9
8!#* 89 >.2 ?/52 8? ::/>/8965 /0>1/7> 69: 200/890 841> /:61 0/>>/93 6> 606@6D65=69612789?/1B2:
+' &!!( $ /0>
85
8J &