TATA CAPITAL FINANCIAL SERVICES LTD Vs. STATE OF JHARKHAND
LAWS(JHAR)-2014-5-109
HIGH COURT OF JHARKHAND
Decided on May 09,2014

Tata Capital Financial Services Ltd Appellant
VERSUS
STATE OF JHARKHAND Respondents

JUDGEMENT

- (1.) HEARD learned counsel for the petitioner and learned counsel for the State.
(2.) PETITIONER is aggrieved by the order dated 10.3.2014 passed by Sri D. Barnwal, learned Judicial Magistrate, Ranchi, in Khelari P.S. Case No. 2 of 2013, corresponding to G.R. No. 106 of 2013, whereby the application filed by the petitioner for release of pay loader, which has been seized in connection with the case, has been dismissed by the Court below.
(3.) THE impugned order itself shows that the petitioner is not the owner of the payloader in question, rather he claimed to be financier of the payloader in question. It also appears that no document of the vehicle in question was produced in the Court below, though no objection of the owner was filed along with the application for release of the vehicle in question. The Court below has also stated in the impugned order that it is necessary to know the stand of the owner of the vehicle in the matter of release of the vehicle in favour of the petitioner. From the impugned order, it also appears that the vehicle in question was seized in view of the fact that the payloader and another vehicles were engaged for company work and the company was trying to flee away without making the payment of the legitimate dues of other parties. In the backdrop of these facts, the application filed by the petitioner has been dismissed by the Court below. Learned counsel for the petitioner has submitted that the impugned order passed by the Court below is absolutely illegal and the same cannot be sustained in the eyes of law and the petitioner being the financier of the vehicle, the vehicle ought to have been released in favour of the petitioner.;


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