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2026 DAILYLAW 2712 (KAR)

MR. RAKESH. K v. THE AUTHORIZED OFFICER/CHIEF MANAGER

WP/19041/2023 · 2026-04-08

Lalitha Kanneganti

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:19502 WP No. 19041 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF APRIL, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 19041 OF 2023 (GM-RES) BETWEEN: 1. MR. RAKESH. K S/O LATE.C KUMAR, AGED ABOUT 40 YEARS, NO/E743, KONANAKUNTE, BENGALURU - 560 062. 2. MRS. PARVATHI. R., W/O. LATE C KUMAR, AGED ABOUT 60 YEARS, NO. 1378, VIVEKANANDA STREET, 11TH MAIN, GANAPATHIPURA, BENGALURU - 560 062 …PETITIONERS (BY SRI. K SHASHIKANTH PRASAD.,ADVOCATE) AND: THE AUTHORIZED OFFICER/CHIEF MANAGER THE KARUR VYSYA BAK LTD, NO-06, 2ND FLOOR, SAJJAN ROAD CIRCLE, V.V PURAM, BENGALURU - 560 004 …RESPONDENT (BY SRI. PRABHU RAO, ADVOCATE) THIS WP IS FILED UNDER ARTICLE 226 AND 27 OF THE CONSTITUTION OF INDIA PRAYING TO SET SIDE THE ORDER DTD 30.05.2023 IN CRL.MISC.NO.2350/2023 PASSED BY THE COURT OF THE XXIV ADDL. CHIEF METROPOLITAN MAGISTRATE, BENGALURU ANNEXURE-B Digitally signed by SUVARNA T Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:19502 WP No. 19041 of 2023 THIS PETITION, COMING ON FOR DISMISSAL, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER The present writ petition is filed by the original borrower questioning the order passed by the XXIV Additional Chief Metropolitan Magistrate, Bengaluru, under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as SARFAESI Act). 2. As there was no representation on behalf of the petitioners on 07.04.2026, the matter was directed to be listed under the caption 'dismissal' today. Today also, there is no representation on behalf of the petitioners. 3. Learned counsel appearing for the respondent/Bank submits that the Bank has conducted the auction and it has given the possession of the property to the auction purchaser and issued the sale certificate. In view of the same, nothing survives for consideration in this writ petition. Hence, this Court is passing the following: - 3 - HC-KAR NC: 2026:KHC:19502 WP No. 19041 of 2023 ORDER i. Accordingly, the writ petition is disposed of giving liberty to the petitioners to avail appropriate remedy before the Debts Recovery Tribunal, if they are aggrieved by any action initiated by the respondent/Bank. ii. All I.As. in this petition shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE MEG List No.: 1 Sl No.: 62