K.SREEDHAR RAO, G.C.BHARUKA
UNITED BREWERIES LTD. – Appellant
Versus
KARNATAKA BANK LTD. – Respondent
( 2 ) THE material facts relating to the case are stated thus: The first respondent decree holder obtained a decree against the judgment debtors in O. S. No. 1759 of 1988 by virtue of the compromise entered into between the parties. An application came to be made under Order 21, rule 46 for issuance of prohibitory order against the garnishee, the revision petitioner, for a sum of Rs. 5,66,365. 66, pursuant to which the garnishee deposited the amount in the court after contest. Subsequently, the decree holder made an application for directing the garnishee to deposit the accrued interest liability payable under decree in a sum of Rs. 13,70,555. 70. The trial court after hearing the objections, directed the garnishee to deposit the amount of Rs. 13,70,551. 70. Being aggrieved, the garnishee filed the appeal.
( 3 ) THE short questions that arise in the appeal are : (1) whether the liabilit
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