← Library
High Court of Punjab and HaryanaRSA/1715/2016dismissed

Punjab State Electricity Board Now Punjab State Power Corporation Ltd v. Dyal Kaur And ANR

2016-05-12Mr. Justice Arun Palli15 pages

      

 !"# $#%&'&()



*(+!,"!"#-#%".&%&"/ !.$ 00#--!("

1' /!-2!*.!($!("3#.

#'0($#("'

 

      ,#.# #..#$""3##0."#.'.("5/#'

  63#"3#."3#+*$78#("'3*-$,#.#0."#$&("3#&7#'"5/#'

.#'#(")9.!($##033!,.!:$;%!"#: ."3#!00#--!(" <: =>>9

 <#!.(#$%*('#- ."3#!00-&%!("9!00#--!(" 3!' &-#$&( *.""$!/:!(!

&$!;&"7&;&(77.#!"#.$#"!&-' ."3#.#!'(' .$#-!/ &(.# &-&(7"3#!00#!-:""3##

#%""3!"3#3!$%3!(7#$3&'

&%# .8 (#0-!%#"!("3#.:!'7&;#(&("3#!

&$!;&":!($"3#.&7&(!-0!0#.'

7"8&'0-!%#$$*.&(7"3#'3& "&(7!($&"?!'(-/"3#.#!

"#.:!

"#."3# 0!0#.'?#.#.#".!%#$:"3!""3#!00#!-?!' &-#$ 3#.#!'('7&;#(&("3#!

&$!;&"!.#!%%#0"#$!($"3# $#-!/ >=$!/'&(.# &-&(7"3#!00#!-:&'%($(#$ 3#!00-&%!"&(&'!--?#$



 3&'&'"3#'#%($!00#!- &-#$,/"3#$# #($!("9 *(+!, "!"#-#%".&%&"/ !.$ (?  .#9(!8#$ !'  "3# *(+!,  "!"# ?#.

.0.!"&(<&8&"#$: !

"#."3#'*&" &-#$,/"3# "?.#'0($#("'

3#.#&(3#.#&(!

"#..# #..#$"!'"3#@0-!&("&

'@:'##A&(7.#%;#./

$!8!7#'B%80#('!"&((!%%*(" "3#$#!"3 "3#&.'(:&AA!

&(73:?!'$#%.##$""3##C"#(""3!"%80#('!"&(?!'!?!.$#$ .!

'*8 '

B9:!-(7?&"3&("#.#'""3#.#*0(DE0#.!((*8: !'!7!&('""3#$!8!7#' ' <!%''*73",/"3#0-!&("&

'

3# !%"':"!A#( .8"3#+*$78#(" "3#-#!.(#$&;&-

*$7#.&;(:3!-&:!.#"3!""3#0-!&("&

'3!$ &-#$!'*&"'"!"&(7 "3!""3#&.'(:&AA!&(73:?!'%8&(7 .8"3#0*,-&%"&-#"'

1&--!7#!"*.:( F 

:(3&',&%/%-#63#(3#.#!%3#$(#!.

"3#;#.(8#("&73%3-&("3#;&--!7#:!(#-#%".&%?&.#7"".!00#$ &("3# .(""/.# 3&',&%/%-#:$*#"?3&%33#*( ."*(!"#-/$&#$( "3#'0":$*#"#-#%".%*"&(3#'!&$?&.#&''"!"#$"3!;#,.A#( !?!/ .8"3##-#%".&%0-#&('"!--#$*0,/"3#-#%".&%&"/ !.$ ""3!""&8#:"3#,."3#. "3#$#%#!'#$:!.(#A&(73:

?!'0.#'#("("3#'0",*"?!'*(!,-#"'!;#3&8:$#'0&"#!""#80"&(7 "$' (#&.8!-&(73!-'.#!%3#$"3#'0"!($.#-#!'#$"3# $#%#!'#$ .8"3##-#%".&%?&.#:,/*'&(7'8#?$?#;#.:&AA! &(73?!'$#%-!.#$$#!$*0(3&'3!;&(7,##("!A#(""3#3!?-! *.'&(78# F "?!' *."3#.%("#($#$"3!"?3#("3#?&.#3!$,.A#(!($

F

!--#(("3#7.*($:"3#'30A##0#.' "3#;&--!7#3!$&( .8#$"3# 

&%&!-' "3# !.$".#0!&.&":,*""3#/$&$("$' =  GF$!"#$ F 

?!'!-'.#7&'"#.#$!" -&%# "!"&(  3!'#  :  3!-&:  !7!&('"  "3#  

&%&!-'    "3#  -#%".&%&"/ #0!."8#(": .3!;&(7%88&""#$!(

#(%#0*(&'3!,-#*($#.#%"&( =9 "3# ?#;#.:!--#7#$-/$*#"0.#''*.#*0("3#-%!- 0-&%#:( *."3#.!%"&(?!'"!A#(,/"3#8

&AA! &(73  ?!' '"!"#$  ",#

/#!.'  -$: $&(7 "3# ,*'&(#'' $!&./ !.8&(7:?(&(7!,*"

,*

!-#': .8?3&%33# #!.(#$'

B90#.8("3"?!' *."3#.'"!"#$&("3#0-!&(""3!"

$*#""3#'3%A 3#.'('@$#!"3:0-!&("&

3!$,#%8#,-&($"

?!'  *."3#.  !--#7#$  "3!"  ( ,$/ ?!'  "3#.#! "#.  -A&(7  !

"#.  "3# 0-!&("&

':!'"3#/?#.#$#0#($#("("3#$#%#!'#$ ('#H*#("-/:%80#('!"&(B$!8!7#' ' <!%'?#.# %-!&8#$,/"3#8&("3#'*&" 3#'*&" &"'#-  ?!' &-#$ &(   

!($ !

"#.

,"!&(&(7#;&$#(%#&("3!".#7!.$:"3#0-!&("&

'?#.#0#.8&""#$"'*#!'

'*%3  0(("&%#&''*#$:"3#$# #($!("'"3# !.$"3.*73"3#&.

3!&.8!(!($;!.&*'

&%#.' "3# !.$:!00#!.#$!($ &-#$!

?.&""#(  '"!"#8#("  .!&'&(7  ,+#%"&('    8!&("!&(!,&-&"/  !($  *."3#.

'"!"&(7"3!"#;#(0*.'*!("""3#-$7#$,/!.(#A&(73:&"?!' '"!"#$ "3!"!"!,*"F08:$*#"'".8!($.!&(:!?&.# .8!( #-#%".&%0-#(#!."3#&73%3- ;&--!7#!"*.3!$,.A#(!($

= !.(#A&(73!($3&'/*(7#.,."3#.:?3&-#.#"*.(&(7 .8"3#"&-#"':

%.''#$"3#'!&$?&.#!($&AA!&(73$&#$$*#"!(#-#%".&%'3%A: ?3&%3?!',#/($"3#%(".- "3# !.$!'&"?!'!(I!%" $I:

"3#?&.#'3!;&(7 !--#($*#""3#'".8!($.!&( "?!' *."3#.

%("#($#$,/"3#!00#--!("9$# #($!("'3#.#&(!

"#..# #..#$",#!'

J"3#$# #($!("'K"3!"&( !%""3#$#%#!'#$:*0('##&(7"3#?&.#':

'3*-$3!;#,##(8.#%!.# *-3&8'#- ?3&-#%.''&(7"3#8!($&(%!'# 3#  3!$  "!A#(  (.8!-  0.#%!*"&(':  "3#  %%*..#(%#  ?*-$  ("  3!;# 3!00#(#$ "?!' *."3#.'*,8&""#$"3!""3#%80-!&("?&"3.#7!.$" "3#,.#!A&(7  "3#?&.#'?!'!%"*!--/.#7&'"#.#$ !"=

08(

F 

!($&88#$&!"#-/"3##-#%".&%%*..#("3!$,##($&'%((#%"#$: !

"#.?3&%3"3#-&(#8!(!($!("3#.0#.'(?#("""3#'0" "3#."3!("3#!,;#:"3#&(%8# "3#$#%#!'#$,#&(7 '

B90#.8("3?!'$#(&#$,/"3#$# #($!("': *."3#.'"!"&(7 "3!""3#0-!&("&

'?#.#("$#0#($#("*0(3&8!($%('#H*#("-/:( %80#('!"&(?!'0!/!,-#&(!(/%!'#:#'0#%&!--/!'"3#$#%#!'#$3!$ $&#$(!%%*(" 3&'?((#7-&7#(%# (-/ ."3#.#%.$:&"8!/,#("&%#$"3!""3#?.&""#( '"!"#8#("&''3?("3!;#,##( &-#$,/ &;# "3#'&C$# #($!("'

&80-#!$#$:&(%-*$&(7(,#3!- "3#3!&.8!( "3# !.$:3?#;#.:

$# #($!(":"3##0*"/3&# (7&(##.:3!$(" &-#$!?.&""#( '"!"#8#("!($?!'0.%##$#$!7!&('"#C0!."# G 0(!.#0-&%!"&(3!;&(7,##( &-#$,/"3#0-!&("&

'""3#



?.&""#('"!"#8#(":"3# --?&(7&''*#'?#.# .!8#$,/"3#-#!.(#$ &;&- *$7#)9 J 63#"3#."3#0-!&("&

'!.##("&"-#$ ..#%;#./

$!8!7#'B%80#('!"&(    '

B9  .8  "3# $# #($!("'5

9 63#"3#.&AA!&(73$&#$$*#"(#7-&7#(%# "3# $# #($!("'5

63#"3#."3#'*&" "3#0-!&("&

'&'("8!&("!&(!,-# &("3#0.#'#(" .85

F #-&# K > 3#0-!&("&

'#C!8&(#$0-!&("&

9!00#--!(" :!

.#'!&$ &.8!-  &(73  !($  (#  8.&A  &(73:   "3#.  "3!(  #!$  ('"!,-# 3&($#. !-!($. !.8&($#.&(73 3!""&:#$&%!-

&%#.!""3# &;&-'0&"!-:3!-&:?3%($*%"#$"3#0'"8."#8#C!8&(!"&( ("3#,$/ "3#$#%#!'#$ 3#$# #($!("'#C!8&(#$!-&(#'8!(:!",&.&(73:#(&. L#(*.0.##"&(73!($%-'#$"3#&.#;&$#(%#  3#-#!.(#$&;&- *$7#:*0(!00.!&'&(7"3# #;&$#(%#:

*($"3!""3# !%"*8 "3#$#!"3 &AA!&(733!;&(7%%*..#$$*# "#-#%".%*"&((%("!%"?&"3"3#,.A#(#-#%".&%?&.#' ?!'(" $&'0*"#$,/"3#$# #($!("':,*""3#&.%-!&8"3!"&"?!'!(I!%" $I %*-$(",#!%%#0"#$ .;!.&*'.#!'(' "?!'("&%#$"3!"69:<&(#8!(!",&.&(73:&(3&' %.''9#C!8&(!"&(:'"!"#$"3!"3#.#!%3#$"3#'0"! "#.

8&(*"#':



.8!0-!%#$%!--#$2*8,.!#!%A(?-#$7#$"3!"3#$&$("A(? ?3#"3#.&"?!'"3#$*"/ "3#$# #($!("'"$&'%((#%""3#'*00-/

"3##-#%".&%&"/&("3#!.#!$*#"!3#!;/'".8!($.!&( L#(*0.##"&(73!($3*:69 :!$8&""#$"3!"&"?!'"3# $*"/    "3#  $# #($!("'  "  8!&("!&(  "3#  #-#%".&%&"/  ?&.#'  !($  " $&'%((#%""3##-#%".&%&"/'*00-/&(%!'# !(/!00.#3#('&( !'".8 !($.!&(?#;#.:"3&'?&"(#''".&#$"+*'"& /"3#((9$&'%((#%"&(

"3##-#%".&%&"/'*00-/("3#7.*($"3!"(03(#%!--?!'.#%#&;#$: ?&"3.#7!.$"!(/,.#!A!7#&("3#?&.#!($ *."3#.:"3!"(J,.#!A#.K&'

&('"!--#$ .-?".!('8&''&(-&(#'!($!''*%3:((#?!'&('"!--#$ .

"3##-#%".&%?&.#"3!"3!$,.A#(  0(  %('&$#.&(7  "3#  !

.#'!&$  #;&$#(%#:  !'  !-'  "3# #;&$#(%# "3#?&"(#''#' "3#0-!&("&

':?3$#0'#$&("#.8' "3# 0-!&(":"3#-#!.(#$&;&- *$7#%&"#$;!.&*'+*$78#("'"#;#("*!--/ 3-$"3!""3#.*-#  '".&%"-&!,&-&"/?*-$,#!00-&%!,-#*0( "3# $# #($!("':"7#"3#.?&"3"3# !%""3!"#-#%".&%&"/?&.#',.#!A&(7$?( ?!'! .#'##!,-#.&'A:?3&%3"3##-#%".&%&"/!*"3.&"&#'!.#.#H*&.#$" "!A#  &("  %('&$#.!"&(  ?3&-#  8!&("!&(&(7  "3#  #-#%".&%&"/  -&(#'  !($ #('*.&(7"3#'!

#"/ "3#0*,-&% #(%#:"3#$#!"3 &AA!&(73?!'%(%-*$#$",#$*# ""3#(#7-&7#(%# "3#$# #($!("'  '.#7!.$'"3#%80#('!"&(0!/!,-#""3#0-!&("&

':&# "3#0!.#("' "3#$#%#!'#$:"3#-#!.(#$*." *($"3!""3#.#?!'( 0. "3#$#%#!'#$#!.(&(7'

B90#.8("3!'3!$,##(

 %("#($#$,/"3#0-!&("&

',*""3#$#0#($#(%/ "3#0-!&("&

'*0( "3#$#%#!'#$%*-$(",#.#,*""#$,/"3#$# #($!("':"3*73"3#/3!$ %("#($#$' ;#("*!--/  3-$&(7  "3!"  #;#(  !'  !  %!'*!-  -!,*.#.  "3# $#%#!'#$?*-$3!;#,##(#!.(&(7'

B90#.$!/:.'

B9 0#.8("3:"3#'!&$!8*("?!'"!A#(",#3&'8("3-/&(%8#:" ?3&%3!$#$*%"&(

E?!'!00-&#$"?!.$'3&'0#.'(!-#C0#('#':

3#,#&(7!,!%3#-.:("3#.!"& "3#+*$78#("   

 !  ;'  "

 # !$$# 

    %

>  3#.# .#: "3#8("3-/$#0#($#("&(%8# '

B9:

,#&(7  'F

B9  !((*!--/:  !  8*-"&0-&#.    @G@  ?!'  !00-&#$:  "3# $#%#!'#$,#&(7

/#!.'-$ 3*': .-'' $#0#($#("&(%8#:"3#0-!&("&

'?#.#3#-$ #("&"-#$"!%80#('!"&( ' :=

B9 3#/?#.#!-'3#-$ #("&"-#$"!'*8 '

B9"?!.$' *(#.!-#C0#('#'!($!("3#.

'

B9"?!.$'8#("!-!7(/ #(%#:!""!-%80#('!"&(

'

B9?!'!?!.$#$,/"3#-#!.(#$&;&- *$7#""3#0-!&("&

':

*0(?3&%3&("#.#'"DE0#.!((*8?!'!-'!?!.$#$:.*((&(7 .8 "3#$!"# "3#$#!"3 "3#$#%#!'#$"&--"3#.#!-&M!"&( "3#!8*(" F 3#  $# #($!("'  &-#$  !(  !00#!-  !7!&('"  "3#  !

.#'!&$ +*$78#(" "3#-#!.(#$&;&- *$7#:,# .#"3#-#!.(#$$$&"&(!- &'".&%" *$7#:3!-& 3# &.'"!00#--!"#*.":!

"#.%('&$#.&(7"3##;&$#(%#:

!-'#;#("*!--/:("3#'!8#.#!'(&(7:3#-$"3!""3#+*$78#(" "3#

G -?#.*."'*

#.#$ .8(&( &.8&"/!($%('#H*#("-/$&'8&''#$"3#

&.'"!00#!-:!

"#.%&"&(7!+*$78#(" "3#3(@,-#*0.#8#*."&( &  '#'#(  ! #)*:

G :

?3#.#&(&"?!'3#-$"3!"#-#%".&%&"/".!('8&''&(,#&(7!0"#("&!--/ $!(7#.*'!%"&;&"/:"3#(*'#;#("*!--/-&#'*0("3##-#%".&%&"/'*00-&#. "  "!A#  !--  '!

#"/  8#!'*.#'  (#%#''!./  "  0.#;#("  !(/  #'%!0#  

#-#%".&%&"/ .8"3##(#.7/-&(#' "?!' *."3#.3#-$"3!"#;#(& !-- '*%38#!'*.#'?#.#!$0"#$:"3#-&!,&-&"/*($#."3#-!? "."':" %80#('!"# ."3#&(+*.&#''*

#.#$,/!(/0#.'(:&..#'0#%"&;# !(/ (#7-&7#(%#  .  %!.#-#''(#''  (  "3#  0!."    "3#  8!(!7#.    '*%3 *($#."!A&(7:?*-$'"&---&#*0("3##-#%".&%&"/'*00-&#. =

# .#"3&'*.":.!($##033!,.!:-#!.(#$%*('#-

."3#!00#--!(":#''#("&!--/8!$#"3#'!8#!.7*8#("'!'?#.#8!$# ,# .#"3#*."',#-?:""3##

#%""3!""3#!00#--!("9 !.$3!;&(7 .#'0($#$  &88#$&!"#-/  "  "3#  %80-!&("  .#%#&;#$  !"  =

08  (

F 

:,/'?&"%3&(7

"3##-#%".&%&"/%((#%"&(!($'#($&(7"? -&(#'8#(&88#$&!"#-/""3#'0":".#0!&."3#,.#!A!7# ?&.#':!($ "3#$#%#!'#$3&8'#- ("3!;&(7"!A#('*

&%&#("0.#%!*"&('"!;&$ "3#?&.#':"3# !.$%*-$(",#3#-$.#'0('&,-# ."3#!%%&$#(""3!"

"A0-!%#:&(?3&%3"3#$#%#!'#$*( ."*(!"#-/-'"3&'-& # <#!.(#$  %*('#-  !-'  '*,8&""#$  "3!"  &(  !(/  %!'#  "3# H*!("*8 %80#('!"&(!?!.$#$?!'8*%33&73#."3!(?3!"'3*-$ 3!;#,##(!?!.$#$  !;&(7%('&$#.#$"3#!

.#'!&$!.7*8#("': &($8/'#-

> *(!,-#"!7.##?&"3"3#'!8# '.#7!.$'"3#&''*# (#7-&7#(%# "3#!00#--!("9 !.$:

&($"3#'"!($"!A#(,/"3# !.$:",#("(-/?3--/&..!"&(!-,*"

%80-#"#-/&('#('&"&;#:"3#."3!(,#&(7%80-#"#-/!7!&('""3#-!? '#""-#$  ,/  "3#&.  <.$'3&0'  &(  "3#  ! .#'!&$  +*$78#("  &(  "3#   -#%".&%&"/ !.$'@%!'#'*0.! 3#&''*# "."&*'-&!,&-&"/.#7!.$-#'' (#7-&7#(%#!0!.":

&("3#0.#'#("%!'# !&-"'##3?"3#!00#--!("%!(%('&$#.&"'#- " ,#("(#7-&7#("&(%!*'&(7"3#!%%&$#(" ($*,"#$-/:  ?3#"3#.  #-#%".&%&"/  &'  ,#&(7  ".!('8&""#$ "3.*733&73"#('&(.-?"#('&(?&.#':"3# !%"&'"3!"'*%3?&.#'

3!;&(7,##(&('"!--#$&("3#0#(!($("*($#.7.*($$*#""3# #C0#('#'&(;-;#$:"3#/,;&*'-/0.#'#("!%('"!("3!M!.$:#;#( "3*73#H*!--/,;&*'-/:"3#/!.#!(#%#''!./3!M!.$&("$!/'@?.-$: ?3#.#,#&(7?&"3*"#-#%".&%&"/&'!-8'"&(%(%#&;!,-#  &;#("3# !%""3!"#-#%".&%&"/".!('8&''&(&'!(#%#''!./ .&'A:!$*"/&'%!'"*0("3#0#.'(B"3#.7!(&M!"&(".!('8&""&(7"3# #-#%".&%&"/: .?3!"#;#.(,-#0*.0'#:"#('*.#"3!"#;#./0''&,-# 0.#%!*"&(&'"!A#("3!"!(/ !*-"&("3#".!('8&''&(-&(#: .?3!"#;#.

.#!'(:$#'("#($!(7#."3#7#(#.!-0*,-&% "&'("!"!--*(%88("'##"3!"#-#%".&%&"/?&.#': #'0#%&!--/&(.*.!-!.#!':!.#("A#0""!*"!'"3#/'3*-$,#:!($!.# !--?#$"3!(7B'!7-'#-/:"3#.#,/("(-/&(%.#!'&(7"3#%3!(%#'

"3#  ?&.#'  3&""&(7  #!%3  "3#.  !($  '3."9%&.%*&"&(7:  "3#.#,/  0''&,-/

 -#!$&(7  "  "3#8  ,.#!A&(7  .8  "3#&.  0-#':  ,*"  "3#.?&'#  !-' #($!(7#.&(70#.'('$.&;&(73&73;#3&%-#' ;#(& "3#!,;#,'#.;!"&( "3&'*."&'"!A#(",# ?3--/!%(+#%"*.#&("3#%("#C" "3#0.#'#("%!'#:"3#.#&'( .*((&(7!?!/ .8"3# !%""3!"!'".8&("3#!.#!&''8#"3&(7?3&%3 "3# !.$&',*($""!A#("&%# :("(-/*0(!%80-!&(",#&(7 -$7#$:,*",/A##0&(7!-A*"(?#!"3#..#0."':.'#($&(7*"&"' -&(#8#(#"%(.#7*-!.0!".-,#!"':"#('*.#"3!"&(%!'#!'".8&'&( "3#

&(7:"3#-&(#'!($0-#'!.#?#--!($0.0#.-/"&73"#(#$!($A#0" &(!7$%($&"&('!'"#('*.#"3!""3#/!.#("$!8!7#$.,.A#( $*.&(7'*%3'".83&'&'&(!$$&"&(""3# !%""3!"!7#(#.!--A *" .!'".8&(!(/!.#!:?*-$,#!0!." "3#$*"/ "3##-#%".&%&"/ %80!(/B.0.!"&( !.$&("3#0.#'#("%!'#:'"3!":& (#%#''!./:

"3##-#%".&%&"/".!('8&''&(%!(,#'?&"%3#$

:"!;&$!(/8&'3!0   3#+*$78#(" "3#*0.#8#*.":!'%&"#$,/"3#-#!.(#$

&.'"!00#--!"#*.":8!/,#H*"#$ .8&("3&'+*$78#("!-': " #803!'&M#"3#!,;#,'#.;!"&('!($" *."3#..#&"#.!"#:"3!"#;#(&

"3#.#&'((#7-&7#(%#:"3##-#%".&%&"/'*00-&#.%!((",!%A*" &"'

"."&*'-&!,&-&"/&(!(/%!'#)9 J"&'!(!$8&""#$ !%""3!""3#.#'0('&,&-&"/"'*00-/ #-#%".&%  #(#.7/  &(  "3#  0!."&%*-!.  -%!-&"/ ?!'  '"!"*".&-/ %( #..#$("3# !.$ "3##(#.7/'".!('8&""#$%!*'#$ &(+*./.$#!"3 !3*8!(,#&(7:?37#"'*(A(?&(7-/

 ".!00#$  &("  &"  "3#  0.&8!./  -&!,&-&"/  "  %80#('!"#  "3# '*

#.#.&'"3!" "3#'*00-&#. "3##-#%".&%#(#.7/  -(7!'"3#;-"!7# #-#%".&%&"/".!('8&""#$"3.*73"3# ?&.#'&'0"#("&!--/ $!(7#.*'$&8#('&("3#8!(!7#.'

 &"''*00-/3!;#"3#!$$#$$*"/""!A#!--'! #"/8#!'*.#'

"0.#'#("#'%!0# '*%3#(#.7/-&(#"&'"3#-A*"

"3#8!(!7#.' "3#'*00-/'/'"#8"0.#;#("'*%30&- #.!7# ,/&('"!--&(7(#%#''!./$#;&%#' "!(/.!"#:& !(/-&;# ?&.#7"'(!00#$!($ #--("3#0*,-&%.!$"3##-#%".&% %*..#(""3#.#('3*-$!*"8!"&%!--/3!;#,##($&'.*0"#$ *"3.&"&#'  8!((&(7  '*%3  $!(7#.*'  %88$&"&#'  3!;# #C".!$*"/"%3!-A*"8#!'*.#'"0.#;#("'*%38&'3!0' ;#(  !''*8&(7  "3!"  !--  '*%3  8#!'*.#'  3!;# ,##(!$0"#$:!0#.'(*($#."!A&(7!(!%"&;&"/&(;-;&(7 3!M!.$*'..&'A/#C0'*.#"3*8!(-& #:&'-&!,-#*($#.

-!? "."'"%80#('!"# ."3#&(+*./'*

#.#$,/!(/ "3#.0#.'(:&..#'0#%"&;# !(/(#7-&7#(%#.%!.#-#''(#''

("3#0!." "3#8!(!7#.' '*%3*($#."!A&(7'3#,!'&'

 '*%3-&!,&-&"/&'"3# .#'##!,-#.&'A&(3#.#("&("3#;#./ (!"*.# '*%3!%"&;&"/3#-&!,&-&"/%!'"('*%30#.'(&' A(?(:  &(  -!?:  !'  @'".&%"  -&!,&-&"/@   "  $&

#.'  .8  "3# -&!,&-&"/?3&%3!.&'#'(!%%*(" "3#(#7-&7#(%#. !*-"

&("3&'?!/&#"3#%(%#0" (#7-&7#(%#%80.#3#($'"3!"

"3# .#'##!,-#3!.8%*-$,#!;&$#$,/"!A&(7.#!'(!,-#



0.#%!*"&(' "3#$# #($!("$&$!--"3!"?3&%3%*-$,# $(# .!;&$&(7"3#3!.83#%!((",#3#-$-&!,-#?3#( "3#!%"&(&',!'#$(!(/(#7-&7#(%#!"".&,*"#$ *"'*%3 %('&$#.!"&(  &'  ("  .#-#;!("  &(  %!'#'    '".&%"  -&!,&-&"/ ?3#.#"3#$# #($!("&'3#-$-&!,-#&..#'0#%"&;# ?3#"3#.

3#  %*-$  3!;#  !;&$#$  "3#  0!."&%*-!.  3!.8  ,/  "!A&(7 0.#%!*"&('K 803!'&'!00-&#$,/"3&'*." G 3*': &.'"-/ &($&(7"3#!.7*8#(" "3#-#!.(#$%*('#-

."3#!00#--!(""3!""3#.#?!'((#7-&7#(%#("3#0!." "3# !.$:

",#!?3--/*('*'"!&(!,-#!.7*8#("&("3# !%# "3# !%""3!""3#

!.$?!',;&*'-/(#7-&7#("&(("#('*.&(7"3!"#&"3#."3##-#%".&%&"/ -&(#?!'0.0#.-/8!&("!&(#$.& '8!&("!&(#$:"3#(#('*.&(7"3!""3# #-#%".&%&"/%((#%"&(?!'"*.(#$

& "3#!00.#3#('&( !'".8?!'

'3&73"3!"&"?*-$.#'*-"&(,.A#(-&(#'   $*,":   "3#  '"!($    "3#  !00#--!("9 !.$  "3!"  "3# $#%#!'#$!-'%*-$3!;#,##(8.#%!.# *-8!/"3#.?&'#("3!;# ,##(?&"3*"8#.&":,*" ."3# !%""3!""3#0.&8!./-&!,&-&"/!($(*'

"8!&("!&('!

#"/!"!--%'"':(&"'".!('8&''&(-&(#':&'("3# !00#--!(":!($&"("3!;&(7$&'%3!.7#$"3!".#'0('&,&-&"/: "3#.#,/ .#'*-"&(7&(-&;##-#%".&%?&.#',.#!A&(7$?(&(!'".8:?&"3("#;#( !,!'&%0.#%!*"&("!A#(: "3##-#%".&%&"/%((#%"&(,#&(7"*.(#$

.3!;&(7!'/'"#8&(0-!%#"3!"#('*.#'"3!""3#.#!.#@,.#!A#.'@"3!"%*" 

"3#'*00-/"3#88#(""3#?&.#,.#!A':"3#(:"3#."3!("."&*'

F -&!,&-&"/("(#%#''!.&-/,#&(7!"".&,*"!,-#"?&-- *-(#7-&7#(%#:&("3# 0.#'#("%!'#:"3#!00#--!("9 !.$?!'!%"*!--/?3--/(#7-&7#(" > *."3#.:  &(  "3#  -&73"    "3#  !

.#'!&$  +*$78#("    "3# *0.#8#*."&("3# -#%".&%&"/ !.'@%!'#:"3&'*." &($'"3!"

"3# !.$&(!(/%!'#"3#.?&'#!-':$#3.'!(/(#7-&7#(%#:?*-$,# -&!,-#&(".""%80#('!"#"3#.#'0($#("'90-!&("&

' ."3#-''

"3#&.  '(:  3#  !$8&""#$-/  3!;&(7  $&#$    #-#%".%*"&(  .8  -&;# #-#%".&%&"/?&.#':-/&(7,.A#(("3#0*,-&%0!"3

8&(7""3#&''*# "3#%80#('!"&(!--#7#$-/,#&(7 #C%#''&;#:"3*73:*($*,"#$-/:"3#8&(&8*8?!7# !(*('A&--#$ -!,*.#.&("3#"!"# *(+!,!'&( *(#

:?!'' == B90#.

8("3.!00.C&8!"#-/'

B9:&"&''##("3!""3#-#!.(#$*."'

,#-?"3*738!/3!;#!''#''#$"3#&(%8# "3#$#%#!'#$",# #C%#''&;# ,/  !-8'"  $*,-#  "3#  !8*("    '*%3  8&(&8*8  ?!7#':

3?#;#.:"3#!8*("!?!.$#$ .0!&(!($!7(/""3#0!.#("' !

/#!.-$,/: ."3#-'' "3#&.%3&-$:""3#"*(# '

B9&'

?3--/!($%80-#"#-/&(!$#H*!"# 3*':   #;#(  "3*73  "3#  %80#('!"&(  .  "3#  -''  

$#0#($#("&(%8#"3*73"3#.?&'#0!/!,-#"(-/!00#--!(": &'0''&,-/#C%#''&;#:"3#.#,#&(7('0#%& &%0. "3#$#%#!'#$ 3!;&(7#!.(#$8.#"3!("3#8&(&8*8?!7#:3?#;#.:#;#(& "3#-''

 $#0#($#("&(%8#""3#$#%#!'#$:0!/!,-#"!00#--!(":&' 3!-;#$ .8' :=

B9"'

B9:?3!"&'!?!.$!,-#","3 "3#!00#--!("': ."3#-'' -;#!($!

#%"&( "3#&.'( .!--

= "&8#'&("3# *"*.#!($ ."3#0!&(!($'*

#.&(7"3!""3#/?#(""3.*73 &('##&(73&8$#!$:?*-$,;&*'-/,#("-#''"3!('F-!%':?3&%3 ?*-$%;#."3#$&

#.#(%#,#"?##("3#!%"*!--'' "3#$#0#($#("

&(%8#!($"3#%80#('!"&(!%"*!--/0!/!,-#*($#."3#! .#'!&$ 3#!$' 3&'&'"3#."3!(3&73#. *(#.!-#C0#('#'"3!('

B9 !'!?!.$#$,/"3#-#!.(#$*."',#-?:,#&(70!/!,-#"!00#--!(" 

 ( !%":&("3&''&"*!"&(:("-#''"3!(' -!%':,/?!/

%80#('!"&( ."3#-'' "3#&./*(7'(:$*#"%!--*'(#''("3# 0!." !'"!"*"./!*"3.&"/:&'",#!?!.$#$?#;#.:"3&'(",#&(7 !( !00#!-,/ "3#0-!&("&

'  '##A&(7  #(3!(%#8#("   %80#('!"&(:

("3&(7 *."3#.&''!&$("3!"!'0#%":,/"3&'*."

 "3#'*,'"!("&!-H*#'"&(' -!? .!8#$,/"3#-#!.(#$ %*('#- ."3#!00#--!(":"3#(-/(#?3&%3%*-$,#"#.8#$!''*%3 &'"3#(#?3&%3H*#'"&('!'"?3#"3#."3#!00#--!("%!(,# !'"#(#$ ?&"3"3#,*.$#("0!/%80#('!"&( .!(J!%" $K "3#."3!("3!":"3#H*#'"&( -!??3&%3?*-$!.&'#:,*"

&'("?3--/7#.8!(#""3#0.#'#("%(".;#.'/:"3&'*."3!;&(7 3#-$"3!""3#!00#--!("9 !.$?!'!%"*!--/(#7-&7#("$*#"?3&%3 $#%#!'#$&AA!&(73-'"3&'-& #:&'?3#"3#."."&*'-&!,&-&"/%!(,#

!'"#(#$(!'#.;&%#0.;&$#.:#;#(&("3#!,'#(%# (#7-&7#(%#

"3"3#H*#'"&('!.#!('?#.#$&(!

&.8!"&;#:"3# &.'"

,#&(7"3!"&"?!'("!(J!%" $K&("3#8!((#."3!"&'&80-&#$,/



"3#!00#--!(":,*""3#(#7-&7#(%# "3#!00#--!(""3!"%!*'#$"3#$#!"3  &AA!&(73:!'3#-$!,;# ( !%":"3&'&'!H*#'"&( !%".!"3#."3!( -!?!($ 3#(%#"3#H*#'"&( -!?:&("3#0.#'#("%("#C":3!',##(?.(7-/

.!8#$,/"3#!00#--!(" '.#7!.$'"3#H*#'"&( "."&*'-&!,&-&"/:&("3#-&73"

"3#+*$78#(" "3#3(@,-#*0.#8#*."&( -#%".&%&"/ !.$ ;'3!&-2*8!.'@%!'#'*0.!:!'#.;&%#0.;&$#.$#!-&(7&(3!M!.$*' '#.;&%#'&'"."&*'-/-&!,-#:.#7!.$-#'' (#7-&7#(%#:&(%80#('!"&(7!

;&%"&8 !(/!%%&$#(".#'*-"&(7 .8"3#'#.;&%#0.;&$#$

F ?#;#.:&("3#0.#'#("%!'#:".#0#!":&"?!'!%"*!--/ (#7-&7#(%#("3#0!." "3#!00#--!("9 !.$"3!"%!*'#$"3#$#!"3

'( "3#.#'0($#("'3#.#&(!($!''*%3:%80#('!"&(&'0!/!,-#" "3#8'&80-/,#%!*'# "3!"

= (;&#? ?3!"3!',##(3#-$!,;#: &($&(7!,'-*"#-/( 8#.&"&("3#!00#!-:&"&'$&'8&''#$?&"3%'"' '

B9:",#0!&$ ,/"3#!00#--!("9 !.$""3# *(+!,"!"#<#7!-#.;&%#'*"3.&"/ "?&--,#0#(""3# !.$".#%;#."3#%80#('!"&( !?!.$#$:!'!-'"3#!

.#'!&$%'"': .8"3#0#.'(B'.#'0('&,-# .

((98!&("#(!(%# #-#%".&%&"/-&(#'&("3#8!((#."3!""3#/'3*-$,# '8!&("!&(#$ 

 8-!""!(&(73 !(&-

*$7#