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Agreement with consortium of banks: Stamp duty is payable on number of transactions, not instrument; SC
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Page 1REPORTABLEIN THE SUPREME COURT OF INDIACIVIL APPELLATE JURISDICTIONCIVIL APPEAL NO. 6054 OF 2015(Arising out of S.L.P.(C) NO.!"# of !$")C%i&f Contro''ing R&(&nu& Aut%orit) *..A++&'',nt(s)V&rsusCost,' -u.,r,t Po/&r Lt0. ,n0 ot%&rs ..R&s+on0&nt(s)JUDGMENTM. Y. EQBAL, J. L&,(& gr,nt&0.!. T%&Fu'' 1&n2%of t%&-u.,r,t Hig%Court onr&f&r&n2&3,0& 4) t%& C%i&f Contro''ing R&(&nu& Aut%orit)5 St,t& of-u.,r,t un0&r S&2tion 67("A) of t%& -u.,r,t St,3+ A2t5 "#68 (ins%ort5 9t%& A2t:)5 +,ss&0t%& i3+ugn&0.u0g3&nt ,n0or0&r0,t&0 ."!.!$"! in St,3+ R&f&r&n2& No.";!$"" ,ns/&ring t%&r&f&r&n2& in f,(our of t%& r&s+on0&nt ,n0 ,g,inst t%& R&(&nu&%o'0ing t%,t t%& r&s+on0&nt /,s not r&R&gistr,r5 Mun0r, (Distri2t A,2%2%%) 4) t%&,++'i2,nt %,s +,i0 Rs.75!"5$$$;> /%&t%&r ,s +&r+ro(ision of S&2tions 65 (,)5 (1),n0 t%& S2%&0u'&>"BsArti2'&s =,n0=(4) t%& ,++'i2,nt is r&R&gistr,r5 Mun0r, (Distri2t A,2%2%%) 4) t%&,++'i2,ntisr& ,n0 t%& 0&&0 /,s r&gist&r&0.@. A22or0ingtot%&,++&'',nt5 t%&r&s+on0&nt /,s'i,4'&to+,) Rs. 675=!5$$$;> on t%& s,i0 0&&0 ,n05 %&n2&5 0&3,n0&0 t%&4,',n2&,3ount of Rs. 6$57"5$$$;> fro3t%&r&s+on0&nt 4)issuing s%o/2,us& noti2& 0,t&0 6."".!$$#. T%& issu& /,sfor/,r0&0 for 2onsi0&r,tion of t%& D&+ut) Co''&2tor5 St,3+ Dut)V,'u,tion Org,nis,tion5 1%u.>Aut2% un0&r S&2tionof t%& A2t.8. T%& r&s+on0&nt /,s gi(&n ,n o++ortunit) of%&,ring ,n0(i0& or0&r 0,t&0 A+ri'5 5 !$"$5 t%& D&+ut) Co''&2tor %&'0 t%,tt%& r&s+on0&nt /,s 'i,4'& to +,) t%& 0&fi2it st,3+ 0ut) /it% t%&,3ount of +&n,'t) of Rs.!6$;>. #. T%& r&(ision ,++'i2,tion fi'&0 4) t%& r&s+on0&nt un0&rS&2tion 6G"H of t%& A2t /,s 0is3iss&0 (i0& or0&r 0,t&0 M,r2%5!85 !$"". T%& r&s+on0&nt t%&r&,ft&r 3,0& ,n ,++'i2,tion un0&r3Page 4S&2tion67G">AH of t%&A2t t%&r&4)gi(ing ris& tot%& R&f&r&n2&Pro2&&0ings."$. 1) /,) of t%& R&f&r&n2&5 t%& o+inion of t%& Hig% Court /,ssoug%t on t%& 0ut) t%&r&on in,22or0,n2& /it% ',/5 t%& St,t& 1,nE of In0i, 4&2,3& t%&s&2urit) trust&& of t%& '&n0ing 1,nEs ,n0 %&'0 t%& 3ortg,g& for,n0 on 4&%,'f of t%os& 4&n&fi2i,ri&s. T%&r&for&5 4) t%&instru3&nt in ==>!78! Int&rn,tion,'Fin,n2&Cor+or,tion76$ Int&rn,tion,' Fin,n2& Cor+or,tion5 !"!" P&nns)'(,ni,A(&nu&5 NK5 K,s%ington5 D.C. !$75 Unit&0 St,t&s of A3&ri2, 1NP P,ri4,s5 ,s, AEICCo(&r&0F,2i'it)L&n0&r!=.=6 Stru2tur&0 Fin,n2& > Ass&t Fin,n2& > ED+ort Fin,n2&5 @5P',2& 0u M,r2%& S,int>Honor&ACI CHDESAI @6$" P,ris C&0&D $" Fr,n2&Att&ntion? Co33&r2i,'11Page 12Su++ort ,n0 Lo,n I3+'&3&nt,tionF,2si3i'&? J($)" 7 "=8"85 Kit% r&f&r&n2& to?MUNDRA7 T%& ED+ort>I3+ort 1,nEofAor&,6$$ H&,0 Offi2& in S&ou'5Aor&, T%& ED+ort>I3+ort1,nE of Aor,"=>"5 I&oui0o>0ong I&ong0&ung+o>gu S&ou'5 "6$>##=R&+u4'i2 of Aor&,F,2si3i'&? J8!>!>@@#>=@7@PART BLIST OF RUPEE FACILITY LENDERSSr.No.D&t,i's of Ru+&& F,2i'it) L&n0&r ,n0 L&n0ing Offi2& Ru+&& Co33it3&nt(In Ru+&& Cror&s)" INDIA INFRASTRUCTURE FINANCE COMPANI LIMITED5 %,(ing its H&,0 Offi2& ,t "!$">"!$@5 N,ur,ng Hous& A,stur4, -,n0%i M,rg5 N&/ D&'%i >""$ $$"T&'&+%on& No? $"">!@=67F,D No. $"">!@=66"8$$! ORIENTAL 1ANA OF COMMERCE5%,(ing its H&,0 offi2& ,t H,rs%, 1%,(,n5 E>1'o2E5 Conn,ug%t P',2&5 N&/ D&'%i ""$ $$"5 ,n0 %,(ing its L,rg& Cor+or,t& 1r,n2% ,t "8">A5M,E&r To/&r LEB5 "8t% F'oor5 Cuff& P,r,0&5 Mu34,i 7$$ $$6T&'&+%on& No? $!!>!!"67!.7@ !! "68=F,D No. $!!>!!"6666$ STATE 1ANA OF 1IAANER AND JAIPUR5 %,(ing its H&,0 Offi2& ,t 6>A5 Ti',E M,rg5 S2%&3&5 J,i+ur M $! $"= ,n0 %,(ing its Co33&r2i,' N&t/orE 1r,n2% ,t !#5 P.D.M&''o Ro,05 Fort. Mu34,i M 7$$ $$".T&'&+%on& No? $!!>!!=66@@@@ !!=! "867 F,D No. $!!>!!=6"!7!$$7. St,t& 1,nE of H)0&r,4,05 %,(ing its H&,0 Offi2& At -unfoun0r)5 H)0&r,4,0 ,n0 %,(ing its O(&rs&,s1r,n2% ,t As%oE M,%,'5 "!$75 Tu''o2% M,rg5 Co',4,5Mu34,i>7$$ $#.T&'&+%on& No.$!!>!!$7!68=;!!8!$"@@F,D No.$!!>!!86"!""$$6. St,t& 1,nE of In0i, /it% its Cor+or,t& C&ntr& !$$$12Page 13At St,t& 1,nE 1%,(,n5 M,0,3& C,3, ro,05 Mu34,i 7$$ $!" ,n0 %,(ing its Pro.&2t Fin,n2& S1U ,t r0 F'oorSt,t& 1,nE 1%,(,n5 M,0,3 C,3, Ro,05 Mu34,i>7$$ $!".T&'&+%on& No.$!!>!!887"6$;!!86!68 F,D.$!!>!!88$!"=. St,t& 1,nE of In0or&5 %,(ing its %&,0 Offi2& ,t 65 I.N.Ro,05 In0or&>76! $$ ,n0 %,(ing its Co33&r2i,' 1r,n2% ,t Mitt,' Court L1B King5 N,ri3,n Point5 Mu34,i>7$$ $!".T&'&+%on& No.$!!>!!8"!"66@;!!8!"668F,D No.$!!>!!86@6"$$@ St,t& 1,nE of Tr,(,n2or&5 %,(ing its H&,0 Offi2&At Poo.,++ur,5 T%iru(,n,nt%,+ur,3>=#6$"! ,n0 %,(ingIts Cor+or,t& Fin,n2& 1r,n2% ,t "!>""65 Tu'si,ni C%,34&rs5N,ri3,n Point5 Mu34,i>7$$ $!". T&'&+%on& No.$!!>$!8@$$@F,D No.$!!>$!8@$"@."$$8 T%& Housing ,n0 Ur4,n D&(&'o+3&nt Cor+or,tion Lt0.H,(ing its H&,0 Offi2& ,t HUDCO 1%,/,n5 Cor&>@A5 In0i, H,4it,t C&ntr& Lo0%i ro,05 N&/ D&'%i>""$$$5An0 %,(ing its Mu34,i R&gion,' Offi2& ,t S%r&),s C%,34&rs5 !n0 F'oor5 "@6 Dr. D.N. Ro,05 Fort5 Mu34,i>7$$ $$".T&'&+%on& No.$!!>=#$$8$>87 F,D No.$!!>!!=#$$8=6$$#. Vi.,) 4,nE5 %,(ing its H&,0 Offi2& At 7";! H&,0 Offi2& 1ui'0ing Trinit)Cir2'&5 M,%,t3, -,n0%i Ro,0 1,ng,'or& -.P.O.1,ng,'or&>6=$$$" ,n0 %,(ing its In0ustri,'Fin,n2& 1r,n2% ,t N&/ ED2&'sior 1ui'0ing5 !n0 F'oor5 Fort Mu4,i>7$$ $$". T&'&+%on& No.$!!>!!$@#@@=F,D No.$!!>!!$@6##7.6$$Tot,' N 686$!.It furt%&r ,++&,rs fro3t%& S&2urit)Trust&& Agr&&3&ntt%,t t%& &ntir& fin,n2ing of t%& +ro.&2t 4) S&nior L&n0&rs ,gr&&0to 4& s&2ur&0 4) first r,nEing 3ortg,g& ,n0pari passu2%,rg&;issuingof ,'' t%&3o(&,4'&+ro+&rti&sof t%&4orro/&r.13Page 14Furt%&r, firstr,nEingpari passu2%,rg&of,'' t%& 4orro/&rs,22ount ,n0 &,2% of t%& ot%&r ,22ounts r&I. 1) t%is in0&ntur&5Eng'is% Mortg,g& in r&s+&2t of i33o(,4'& +ro+&rt) /,s 2r&,t&0.T%& r&'&(,nt 2',us&s of Mortg,g& 0&&0 ,r& s&t out %&r&in 4&'o/?>(E3+%,sis gi(&n)9!. Bene!" # In$en"%&e.T%& S&2urit) Trust&&5 ,2ting fort%&4&n&fit of t%&s&2ur&0+,rti&ss%,'' %o'0t%&S&2urit)2r&,t&04)t%&4orro/&rinitsf,(ourt%isin0&ntur&o(&rt%& 3ortg,g&0 +ro+&rti&s in2'u0ing 2on(&nts ,n0 3ortg,g&sgi(&n 4) t%& 4orro/&rs +ursu,nt %&r&to5 u+on trust for t%&4&n&fit of t%&s&2ur&0+,rti&ssu4.&2t tot%&+o/&rs,n0+ro(isions 2ont,in&0%&r&in,n0int%& S&2urit) Trust&&Agr&&3&nt5 for t%& 0u& +,)3&nt of t%& 3ortg,g& D&4t ,n0+&rfor3,n2& of ,'' o4'ig,tions un0&r t%& fin,n2ingDo2u3&nts.7.G&'n" 'n$T&'n(e&(?>For t%&2onsi0&r,tion,for&s,i0,n0 ,s 2ontinuing s&2urit) for t%& +,)3&nt ,n0 0is2%,rg& oft%& 3ortg,g& D&4t ,n0 +&rfor3,n2& of ,'' o4'ig,tions un0&rt%& Fin,n2ing Do2u3&nts 4) t%& 1orro/&r %&r&4) s&2ur&0 orint&n0&0to4&%&r&4)s&2ur&05 t%&1orro/&r 4ot%%&r&4)gr,nt5 ,ssign5 2on(&),ssur&5 2%,rg&,n0tr,nsf&rintot%&S&2urit) Trust&& for t%& 4&n&fit of t%& s&2ur&0 P,rti&s 4) /,sof ,first3ortg,g&,n02%,rg&) ,'' t%&rig%tstit'&5 int&r&st,n0 4&n&fit in ,'' ,n0 singu',r t%& 4&n&fi2i,' rig%t tit'& ,n0int&r&st of t%& 1orro/&r in r&s+&2t of t%& i33o(,4'& +ro+&rt)situ,t&0 in situ,t&0 in 0istri2t Mun0r, in t%& St,t& of-u.,r,t 3or& +,rti2u',r') 0&s2ri4&0 in S2%&0u'& !%&r&inun0&r /ritt&n(t%& 90&',)&0Aft&r A2 T%&3ortg,g&,n0first 2%,rg&2r&,t&0+ursu,nt tos&2urit)7%&r&toinf,(our of t%&S&2urit) Trust&& for t%& 4&n&fit of t%& S&2ur&0 +,rti&s s%,''r,nEpari passuint&r>s& ,n0/it%out ,n0+r&f&r&n2& or+riorit) o(&r &,2% ot%&r.T%& 3ortg,g& ,n0 first 2%,rg& to 4& 2r&,t&0 in f,(our of t%&S&2urit) Trust&& for t%& 4&n&fit of t%& KorEing C,+it,''&n0&rs,n0if ,++ro(&0in,22or0,n2&/it%t%&H&0gingP',n5 t%& H&0g& +ro(i0&s s%,'' r,nE pari passu int&r>s& ,n0/it%t%& S&2ur&0P,rti&s ,n0/it%out ,n)+r&f&r&n2& or+riorit) o(&r &,2% ot%&r ,n0 t%& s&2ur&0 +,rti&s on2& su2%3ortg,g& ,n0 2%,rg& in r&',tion to t%& Mortg,g&0 +ro+&rti&sis 2r&,t&0 in t%&ir f,(our.:!=. C',us&s"8.",n0"8.,r&,'sor&'&(,nt,n0r&+ro0u2&0%&r&in un0&r?>9"8." S&2tion =@A of t%& Tr,nsf&r of Pro+&rt) A2t5 "88!?>T%& +ro(isions of S&2tion =@>A of t%& Tr,nsf&r of Pro+&rt) 2t5"88!5 s%,'' not ,++')tot%&s&+r&s&nts. Not/it%st,n0ingt%,t t%& S&2urit) Trust&& 3,) %o'0 t/o of 3or& 3ortg,g&s&D&2ut&0 4) t%& 1orro/&r in2'u0ing t%&s& +r&s&nts in r&s+&2tof /%i2% t%& S&2urit) trust&& %,s t%& rig%t to o4t,in t%& Ein0of 0&2r&&s un0&r s&2tion =@ of t%& Tr,nsf&r of Pro+&rt) A2t5"88!5 t%& S&2urit) Trust&& s%,'' 4& &ntit'&0to su& ,n0o4t,in su2% 0&2r&& on ,n) of su2% 3ortg,g&s /it%out 4&ing4oun0 to su& on ,'' su2% 3ortg,g&s in r&s+&2t of /%i2% t%&3ortg,g& 3on&) s%,'' %,(& 4&2o3& 0u&.:16Page 17!@. C',us&!."5 0&,'s/it%t%&3,nn&rof +,)3&ntof st,3+0ut).T%& s,i0 2',us& r&,0s ,s un0&r?>9!.". St,3+ Dut) ,n0 Ot%&r F&&s on ED&2ution5R&gistr,tion5 &t2.?> T%& 1orro/&r s%,'' +,) ,'' st,3+ 0ut)5ot%&r 0uti&s5 t,D&s5 f&&s5 +&n,'ti&s or ot%&r 2%,rg&s +,),4'&on or in2onn&2tion /it%t%& &D&2ution5 issu&5 0&'i(&r)5r&gistr,tion of t%is In0&ntur&5 t%& S&2urit) Trust&&Agr&&3&nt ,n0 ,n) 0o2u3&nt5 ,2t ,n0 r&gistr,tion+&rfor3&0 +ursu,nt %&r&to5 if ,n0 /%&n t%& 1orro/&r 3,)4& r& -.e/"!#n 40 .e,e&'* !n("&%)en"( %(e$ !n (!n+*e"&'n('/"!#n # ('*e, )#&"+'+e #& (e""*e)en". (") K%&r&5 in t%& 2,s& of ,n) s,'&5 3ortg,g& or s&tt'&3&nt5s&(&r,' instru3&nts ,r& &3+'o)&0 for 2o3+'&ting t%&tr,ns,2tion5 t%& +rin2i+'& instru3&nt on') s%,'' 4&2%,rg&,4'&/it%t%&0ut)+r&s2ri4&0inS2%&0u'&I fort%&2on(&),n2&53ortg,g&ors&tt'&3&nt5,n0&,2% oft%& ot%&rinstru3&nts s%,'' 4& 2%,rg&,4'& /it% , 0ut) of " Gon&%un0r&0 ru+&&sH inst&,0 of t%& 0ut) (if ,n)) +r&s2ri4&0 for itin t%,t S2%&0u'&. (!) T%&+,rti&s3,)0&t&r3in&fort%&3s&'(&s /%i2%oft%&instru3&nts so &3+'o)&0 s%,''5 for t%& +ur+os&s ofsu4>s&2tion (")5 4& 0&&3&0 to 4& t%& +rin2i+,' instru3&nt. Pro(i0&0t%,t t%& 0ut) 2%,rg&,4'& ont%& instru3&nt so0&t&r3in&0 s%,'' 4& t%& %ig%&st 0ut) /%i2% /ou'0 4&2%,rg&,4'& in r&s+&2t of ,n) of t%& s,i0 instru3&nts&3+'o)&0..e/"!#n 5 0 In("&%)en" &e*'"!n+ "# (e,e&'* $!("!n/")'""e&( #& $!("!n/" "&'n('/"!#n(.An) instru3&nt18Page 192o3+risingorr&',tingtos&(&r,' 0istin2t 3,tt&rss%,'' 4&2%,rg&,4'&/it%t%&,ggr&g,t&,3ount of t%&0uti&s/it%/%i2%s&+,r,t&instru3&nt5 &,2%2o3+risingorr&',tingtoon& of su2% 3,tt&rs or 0istin2t tr,ns,2tions5 /ou'0 4&2%,rg&,4'& un0&r t%is A2t.6. In("&%)en"( /#)!n+ 1!"2!n(e,e&'* $e(/&!3"!#n( !n./2e$%*e I.0Su4.&2t to t%& +ro(isions oft%&',st +r&2&0ings&2tion5 ,n instru3&nt so fr,3&0 ,s to 2o3& /it%in t/o or3or& of t%& 0&s2ri+tions inS2%&0u'& I5 s%,''5 /%&r& t%&0uti&s 2%,rg&,4'& t%&r&un0&r ,r& 0iff&r&nt5 4& 2%,rg&,4'&on') /it% t%& %ig%&st of su2% 0uti&s? Pro(i0&0 t%,t not%ingint%is A2t 2ont,in&0 s%,'' r&n0&r 2%,rg&,4'& /it%0ut)&D2&&0ing on& ru+&& , 2ount&r+,rt or 0u+'i2,t& of ,n)instru3&nt 2%,rg&,4'& /it% 0ut) ,n0 in r&s+&2t of /%i2% t%&+ro+&r 0ut) %,s>4&&n +,i0.:". Fro34,r& r&,0ing of t%&s& +ro(isions5 it is 2'&,r t%,tS&2tion70&,'s /it%sing'& tr,ns,2tion2o3+'&t&0ins&(&r,'instru3&nts5 /%&r&,s S&2tion 6 0&,'s on') /it% t%& instru3&nt/%i2% 2o3+ris&s 3or& t%,n on& tr,ns,2tion ,n0 it is i33,t&ri,'for t%& +ur+os& /%&t%&r t%os& tr,ns,2tions ,r& of t%& s,3&2,t&gor) or of 0iff&r&nt 2,t&gori&s.!. It,++&,rsfro3t%&trust&&0o2u3&nt t%,t ,'tog&t%&r"4,nEs '&nt 3on&) to t%& 3ortg,gor5 0&t,i's of /%i2% %,(& 4&&n0&s2ri4&0 in t%& s2%&0u'& ,n0 for t%& r&+,)3&nt of 3on&)5 t%&4orro/&r &nt&r&0 into s&+,r,t& 'o,n ,gr&&3&nts /it% "fin,n2i,' institutions.H,0 t%is 4orro/&r &nt&r&0 into , s&+,r,t&19Page 203ortg,g& 0&&0 /it% t%&s& fin,n2i,' institutions in or0&r tos&2ur& t%& 'o,n t%&r& /ou'0 %,(& 4&&n , s&+,r,t& 0o2u3&nt for0istin2t tr,ns,2tions. On +ro+&r 2onstru2tion of t%is in0&ntur&of 3ortg,g& it 2,n s,f&') 4& r&g,r0&0 ,s " 0istin2t tr,ns,2tions/%i2% f,''s un0&r S&2tion 6 of t%& A2t.. 1ot% t%& '&,rn&0 2ouns&' +ut r&'i,n2& on t%& fi(& Ju0g&sConstitution 1&n2% Ju0g3&nt of t%is Court in t%& C,s& ofTheMember, Board of Revenue vs. Arthur Paul Benthall (su+r,).T%&s,i02,s&origin,t&0fro3,r&f&r&n2&3,0&tot%&Hig%Court of C,'2utt, 4) t%& R&(&nu& Aut%oriti&s s&&Eing o+inion/it% r&g,r0 to t%& st,3+ 0ut) +,),4'& in t%& instru3&nt. T%&r&s+on0&nt in t%,t 2,s& /,s ,t t%& 3,t&ri,' ti3& t%& M,n,gingDir&2tor ofM;s. 1ir0 ,n0 Co.Lt0. ,n0 M&ssrs F.K.H&i'g&rs,n0 Co3. Lt0 /%i2% /&r& ,2ting M,n,ging Ag&nts of s&(&r,'Co3+,ni&s A2t un0&r t%& In0i,n Co3+,ni&s A2t. T%&r&s+on0&nts /&r& ,'so Dir&2tor of , nu34&r of ot%&r Co3+,ni&s5,n0 %,0 on o22,sions ,2t&0,s'i9K%&n,+&rson+oss&ss&s4ot%,+&rson,' 2,+,2it),n0,r&+r&s&nt,ti(& 2,+,2it)5 su2% ,s trust&&5 ,n0 t%&r& is ,0&'&g,tionof +o/&r 4) %i3in4ot%t%os& 2,+,2iti&s5 t%&+osition in ',/ is &D,2t') t%& s,3& ,s if 0iff&r&nt +&rsons .oinin &D&2uting , +o/&r in r&s+&2t of 3,tt&rs /%i2% ,r&unr&',t&0. T%&r& 4&ing no 2o33unit) of int&r&st 4&t/&&n t%&+&rson,' &st,t& 4&'onging to t%& &D&2ut,nt ,n0t%& trust&st,t& (&st&0 in %i35 t%&) 3ust 4& %&'0 to 4& 0istin2t 3,tt&rsfor+ur+os&sof s&2tion 6. T%&+ositionist%&s,3&/%&n,+&rson is &D&2utor or ,03inistr,tor5 4&2,us& in t%,t 2,+,2it)%&r&+r&s&ntst%&&st,t&of t%&0&2&,s&05 /%os&+&rson,is0&&3&0 to 2ontinu& in %i3 for +ur+os&s of ,03inistr,tion.=. K& %,(&,'sogon&t%roug%t%&+ro(isions 2ont,in&0inS&2tions 5 #5 Arti2'& = ,n0 =(4)of t%& A2t ,s ,'so 1o34,)St,3+ (-u.,r,t S&2on0 A3&n03&nt) Ru'&s5 !$$@ ,n0 t%&22Page 23Cir2u',r 0,t&0 [email protected]&r gi(ing out ,nDious 2onsi0&r,tionto t%os& +ro(isions ,n0 ,'so in t%& 'ig%t of t%& r,tio 0&2i0&0 4)t%& Constitution1&n2%of t%is Court inTheBenthall case(su+r,)5 /& ,r& of t%& 0&finit& o+inion t%,t t%& Hig% Court %,s2o33itt&0 s&rious &rror of ',/ in int&r+r&ting t%& +ro(isions ofS&2tions 6 ,n0 = of t%& A2t.Cons&d#. For Re-%ondent(-) Mr. D:eer&< N&"r>d#. Mr. @. R. S&-"%r&A:u>d#.
3onBA$e Mr. Ju-t".e M.5. ECA&$ %ronoun.ed t:e