J C FLOWERS ASSETS RECONSTRUCTION PVT LTD v. ADINATH SILKS PRIVATE LIMITED
WP/17175/2026 · 2026-06-11
Jyoti M
body2026
DailyLaw.ai
[ 2026 DAILYLAW 20435 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 20435 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:28239 WP No. 17175 of 2026
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M WRIT PETITION NO. 17175 OF 2026 (GM-DRT) BETWEEN:
J.C.FLOWERS ASSETS RECONSTRUCTION PVT. LTD., AN ASSET RECONSTRUCTION COMPANY INCORPORATED UNDER THE COMPANIES ACT, 2013, AND REGISTERED UNDER SECTION 3 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002, ACTING IN ITS CAPACITY AS JCF YES TRUST 2022-23/18, HAVING ITS REGISTERED OFFICE AT UNIT NO.203-206, 2ND FLOOR, WING A, INSPIRE BKC, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI-400051 REPRESENTED BY ITS AUTHORISED SIGNATORY SWEETY PARTANI …PETITIONER (BY SRI. SHETTY VIGNESH SHIVARAM, ADVOCATE)
AND:
1.
ADINATH SILKS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.54, 1ST FLOOR, OUT HOUSE, 1ST CROSS, NEHRU NAGAR, BENGALURU-560 020.
Digitally signed by GEETHA P G Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:28239 WP No. 17175 of 2026
2.
MR. ATUL RASIKLAL SHAH, S/O. RASIKLAL SHAH, NO.54, 1ST CROSS, NEXT TO KRISHNA TEMPLE, NEHRU NAGAR, SESHADRIPURAM, BENGALURU-560 001.
3.
MR. RASIKLAL KUVERJI SHAH, S/O. KUVERJI SHAH, NO.54, 1ST CROSS, NEXT TO KRISHNA TEMPLE, NEHRU NAGAR, SESHADRIPURAM, BENGALURU-560 001.
4.
MR. GIRISH RASIKLAL SHAH, S/O. RASIKLAL SHAH, NO.54, 1ST CROSS, NEXT TO KRISHNA TEMPLE, NEHRU NAGAR, SESHADRIPURAM, BENGALURU-560 001. …RESPONDENTS (VIDE COURT ORDER DATED 11.06.2026, NOTICE TO R1 TO R4 DISPENSED WITH)
THIS WRIT PETITION IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA, SEEKING CERTAIN RELIEFS.
THIS WRIT PETITION IS LISTED FOR PRELIMINARY HEARING, THIS DAY, AN ORDER IS MADE AS UNDER:
ORAL ORDER Sri.Shetty Vignesh Shivaram, counsel for petitioner has appeared in person.
2. This petition is filed seeking following reliefs:
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HC-KAR NC: 2026:KHC:28239 WP No. 17175 of 2026
(a) Direct expeditious disposal of Crl.Misc.No.5481/2023 pending before the Court of 32nd Addl. Chief Metropolitan Magistrate Bengaluru (Annexure-B) application under Section 14 of SARFAESI Act. (b) Any other order that this Hon'ble Court may deem fit in the interest of justice and equity.
3. Counsel for the petitioner urged several
contentions. Heard the arguments and perused the papers with care.
4. A gentle request is made to the 32nd Addl. Chief Metropolitan Magistrate Bengaluru to dispose of the C.Misc.No.5481/2023 as expeditiously as possible within an outer limit of 6 days from the receipt of certified copy of this
order.
5. Accordingly, the writ petition is disposed of.
Sd/- (JYOTI M) JUDGE
SS List No.: 1 Sl No.: 7