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2026 DAILYLAW 17181 (KAR)

MRS. SHALINI S v. M/S JANA SMALL FINANCE BANK LIMITED

WP/12056/2024 · 2026-03-12

Lalitha Kanneganti

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:14881 WP No. 12056 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF MARCH, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO.12056 OF 2024 (GM-DRT) BETWEEN: 1. MRS. SHALINI S., W/O MR. YOGANANDA SWAMY T.A., AGED ABOUT 45 YEARS R/AT NO.38, 7TH CROSS SHAMBAVINAGAR, GKW LAYOUT, PEENYA 2ND STAGE BENGALURU-560058. …PETITIONER (BY SRI. R.P. SOMASHEKHARAIAH, ADVOCATE) AND: 1. M/S. JANA SMALL FINANCE BANK LIMITED (LICENSED UNDER SECTION 22(1) OF THE BANKING REGULATION ACT, 1949) REGISTERED OFFICE: THE FAIRWAY BUSINESS PARK NO.10/1, 11/2, AND 12/2B, OFF DOMLUR, KORAMANGALA INNER RING ROAD, NEXT TO EMBASSY GOLD LINKS, CHALLAGHATTA, BENGLAURU-560071 IFSC CODE: JSFB0004536 REP. BY ITS AUTHORIZED OFFICER/ BRANCH MANAGER. …RESPONDENT (BY SRI. NARAYANA SWAMY D., ADVOCATE) Digitally signed by DEVIKA M Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:14881 WP No. 12056 of 2024 THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF INDIA PRAYING TO QUASH THE SECTION 14 ORDER DATED 20/09/2022 PASSED BY THE LEARNED VII ADDL. C.M.M., BENGALURU IN CRL. MISC. NO.5366/2022 VIDE ANNEXURE-B, BY STATING THAT THE ENTIRE RECOVERY PROCEEDINGS INITIATED BY THE RESPONDENT BANK AGAINST THE SCHEDULE PROPERTY ARE ILLEGAL AND IN VIOLATION OF SARFAESI ACT, 2002. RESPONDENT BANK NOT TO PROCEED WITH ANY FURTHER ACTION AGAINST THE SCHEDULE PROPERTY AND TO ACCEPT THE PETITIONERS REQUEST TO GRANT HER A MORATORIUM TIME OF TWO MONTHS TO SETTLE THE AMOUNT DUE TO THE AUCTION PURCHASE. THIS PETITION COMING ON FOR DISMISSAL THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI - 3 - HC-KAR NC: 2026:KHC:14881 WP No. 12056 of 2024 ORAL ORDER A memo is filed by the learned counsel for the petitioner seeking withdrawal of this petition with a liberty to approach the DRT. 2. The memo is taken on record. 3. Accordingly, the Writ Petition is dismissed as withdrawn. 4. All pending I.As. in this petition shall stand closed. Sd/- (LALITHA KANNEGANTI) JUDGE RHS List No.: 1 Sl No.: 5