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2026 DAILYLAW 28582 (KAR)

SRI M N UDAYASHANKAR v. INDIAN BANK

WP/17949/2022 · 2026-07-14

M G S Kamal

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010409242022 NC: 2026:KHC:36119 WP No. 17949 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14TH DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 17949 OF 2022 (GM-RES) BETWEEN: SRI. M.N. UDAYASHANKAR S/O M. NAGARAJ, AGED ABOUT 42 YEARS, RESIDING AT GROUND FLOOR PORTION OF PROPERTY BERAING NO.10 (OLD NO.173) PID NO.99-97-10, BBMP WARD NEW WERD NO.64 (OLD NO.99), SITUATED AT 3RD CROSS, SADHASHIVANAGAR, P.G.HALLI, PALACE LOWER ORCHARDS EXTENSION, BENGALURU - 560 003. …PETITIONER (BY SRI. C. SHANKAR REDDY, ADVOCATE) AND: 1. INDIAN BANK REPRESENTED BY ITS MANAGER SADHASHIVANAGAR BRANCH, NO.9/19, LOWER PALACE ORCHARD, SANKEY ROAD, SADHASHIVANAGAR, P.G.HALLI, BENGALURU - 560 003. 2. SMT. P. SHOBA RANI RESIDING AT FIRST FLOOR, Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010409242022 NC: 2026:KHC:36119 WP No. 17949 of 2022 PROPERTY BEARING NO.10/1 (OLD NO.173) BBMP WARD NEW WARD NO.64 (OLD NO.99) SITUATED AT 3RD CROSS, SADHASHIVANAGAR, P.G.HALLI, PALACE LOWER ORCHARDS EXTENSION, BENGALURU - 560 003. …RESPONDENTS (BY SRI. UDAY SHANKAR RAI P, ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO RESTRAIN THE R1 BANK I.E., INDIAN BANK, SADASHIVANAGAR BRANCH, BENGALURU FROM EITHER INITIATING ANY EVICTION OR RECOVERY PROCEEDINGS AGAINST THE PETITIONER OR INITIATING ANY OTHER PROCEEDINGS AGAINST THE PETITIONER OR INITIATING ANY OTHER PROCEEDINGS BY INVOKING THE PROVISIONS OF THE SARFAESI ACT AGAINST THE PETITIONER IN RESPECT OF THE WRIT PETITION SCHEDULE PROPERTY PERMANENTLY AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL ORAL ORDER This petition is filed in the light of respondent No. 1 - Bank initiating the proceedings under the provisions of Securitisation and Reconstruction of Financial Assets and - 3 - HC-KAR CNR: KAHC010409242022 NC: 2026:KHC:36119 WP No. 17949 of 2022 Enforcement of Security Interest (SARFAESI) Act, 2002 (Act for short). 2. Since effective and alternate remedy is provided under the SARFAESI Act, reserving liberty to avail such remedy, if so advised, petition is disposed of. 3. Time consumed in prosecuting this petition shall be considered for the purpose of condonation of delay if steps are taken within 30 days from the date of receipt of certified copy of this order. Sd/- (M.G.S. KAMAL) JUDGE BVK List No.: 1 Sl No.: 7