- 1 - HC-KAR NC: 2025:KHC:43941-DB RP No. 228 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31ST DAY OF OCTOBER, 2025 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MS. JUSTICE TARA VITASTA GANJU REVIEW PETITION NO.228 OF 2025 BETWEEN: M/S. S. B. VALVES (INDIA) PVT. LTD., PLOT NO.120B, IIND PHASE TARIHAL INDUSTRIAL AREA HUBLI-580 026 DHARWAD DISTRICT KARNATAKA REP. BY ITS MANAGING DIRECTOR MR. BASAVARAJ N. SARANGI ALSO AT MR. BASAVARAJ N. SARANGI HOUSE NO.56, PRIYADARSHINI COLONY GOKUL ROAD HUBLI - 580 030 …PETITIONER (BY SRI RUDRABHUSHAN C. B., ADVOCATE) AND: 1. THE ASSISTANT GENERAL MANAGER/ THE AUTHORISED OFFICER CANARA BANK, TRAFFIC ISLAND HUBULI - 590 029 Digitally signed by VASANTHA KUMARY B K Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:43941-DB RP No. 228 of 2025 2. M/S. SHALIMAR VALVES PRIVATE LTD., 4-846/1, MIDC REBALE NAVI MUMBAI - 400 701 ALSO AT M/S. SHALIMAR VALVES PRIVATE LTD., SURVEY NO.213/2/2, ANCHATGERI VILLAGE KARWAR ROAD, HUBLI …RESPONDENTS THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE 1 READ WITH SECTION 114 OF CPC, PRAYING TO REVIEW THE IMPUGNED ORDERS PASSED BY THE HON'BLE HIGH COURT OF KARNATAKA IN WP NO.34905/2024 (GM-DRT) DATED 9.04.2025. THIS REVIEW PETITION IS COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE D K SINGH and HON'BLE MS. JUSTICE TARA VITASTA GANJU ORAL ORDER (PER: HON'BLE MR. JUSTICE D K SINGH) The present review petition has been filed seeking review of the impugned judgment and order dated 09.04.2025 passed by the co-ordinate Bench of this Court in W.P.No.34905/2024 (GM-DRT) filed by the petitioner against the order passed by the Debt Recovery Appellate Tribunal on 25.11.2024 directing the petitioner to deposit a sum of Rs.2,00,00,000/- (Rupees Two Crores only) in two equalized installments within a period of four weeks. The first installment of Rs.1,00,00,000/- - 3 - HC-KAR NC: 2025:KHC:43941-DB RP No. 228 of 2025 (Rupees One Crore only) was required to be deposited within a period of two weeks i.e., on or before 09.12.2024 and second payment of Rs.1,00,00,000/- (Rupees One Crore only) within two weeks next following i.e., on or before 23.12.2024. 2. This Court having considered the provision of Section 18(1) of the SARFAESI Act, 2002 and the admitted fact that the petitioner had not deposited even 25% of the amount specified in demand notice had dismissed the writ petition. 3. We do not find that there is any error apparent on the face of the record, which requires this Court to review the impugned judgment and order dated 09.04.2025. 4. We find no merit in this review petition, which is why it is dismissed. Sd/- (D K SINGH) JUDGE Sd/- (TARA VITASTA GANJU) JUDGE NG List No.: 1 Sl No.: 27