SRI SRIDHAR BABU v. KARNATAKA STATE FINANCIAL CORPORATION
MFA/6123/2026 · 2026-08-27
Anu Sivaraman, T P Vivekananda
body2026
DailyLaw.ai
[ 2026 DAILYLAW 37411 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 37411 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR
CNR: KAHC010573922026 NC: 2026:KHC:46367-DB MFA No. 6123 of 2026
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF AUGUST, 2026 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE T.P.VIVEKANANDA MISCELLANEOUS FIRST APPEAL NO.6123 OF 2026 (SFC)
BETWEEN:
SRI SRIDHAR BABU, S/O. LATE P.S. RAJU, AGED ABOUT 75 YEARS, R/AT NO.C-2, CASAVELIE-4, NO.12/1, LAVELLE ROAD, BENGALURU 560 001 …APPELLANT (BY SRI. RAJESWARA P. N., ADVOCATE) AND:
1.
KARNATAKA STATE FINANCIAL CORPORATION HAVING ITS HEAD OFFICE AT NO.1/1, THIMMAIAH ROAD, BENGALURU 560 001, REPRESENTED BY THE HEAD OF THE DEPARTMENT, RECOVERY DEPARTMENT
2.
M/S. PRASHANTH MINERALS EXPORTS PRIVATE LIMITED, HAVING REGISTERED OFFICE AT NO.3-C, SAH JEEVAN APARTMENT, 219, R.M.V. EXTENSION, BENGALURU 560 080, REPRESENTED BY ITS MANAGING DIRECTOR, SRI B. UDAY KUMARA.
Digitally signed by RAKSHA Location: High Court of Karnataka
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HC-KAR
CNR: KAHC010573922026 NC: 2026:KHC:46367-DB MFA No. 6123 of 2026
3.
DR. M. GURAPPA, S/O. LATE MUNISWAMY, AGED ABOUT 90 YEARS, R/AT NO.110, 4TH BLOCK, 4TH STAGE, 8TH MAIN BASAVESHWARANAGAR, BENGALURU - 560 079
4.
SMT. PREMALATHA D/O LATE P.S.RAJU MAJOR IN AGE R/AT NO.110, 4TH STAGE 4TH BLOCK, 8TH MAIN BASAVESHWARA NAGARA BENGALURU-560 079
5.
SMT. P.R. SWARNALATHA, D/O. LATE P.S. RAJU, MAJOR IN AGE, R/AT NO.110, 4TH STAGE, 4TH BLOCK, 8TH MAIN BASAVESHWARA NAGARA BENGALURU - 560 079
5.
M/S. KARUNAI GRANITES PRIVATE LIMITED, REP. BY MANAGING DIRECTOR HAVING ITS REGISTERED OFFICE AT NO.183, VAIBHAV, 2ND CROSS, 1ST BLOCK, SBM ROAD, KORAMANGALA, BENGALURU 560 034, ALSO HAVING ITS REGISTERED OFFICE AT NO.3/55, KARUNAI NAGAR, JAGADEVIPALAYAM VILLAGE AND POST, KRISHNAGIRI TALUK AND DISTRICT 635 023 …RESPONDENTS
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HC-KAR
CNR: KAHC010573922026 NC: 2026:KHC:46367-DB MFA No. 6123 of 2026
THIS MFA IS FILED U/S 32(9) OF STATE FINANCIAL CORPORATION ACT, 1951, AGAINST THE JUDGMENT DATED 06.07.2026 PASSED IN COMMERCIAL MISC. PETITION NO.
12/2020 ON THE FILE OF THE XI ADDITIONAL DISTRICT AND SESSIONS JUDGE, (DEDICATED COMMERCIAL COURT), BENGALURU RURAL DISTRICT, BENGALURU, ALLOWING THE PETITION FILED UNDER SECTION 31(1)(aa) AND SECTION 32 OF STATE FINANCE CORPORATION ACT, 1951.
THIS APPEAL, COMING ON FOR ORDERS, THIS DAY,
JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM:
HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE MR. JUSTICE T.P.VIVEKANANDA
ORAL JUDGMENT
(PER: HON'BLE MR. JUSTICE T.P.VIVEKANANDA)
The appellant in this appeal was the respondent before the District Court in Commercial Miscellaneous Petition No.12/2020 filed by the Karnataka State Financial Corporation.
2. The present appeal is filed as a Miscellaneous First Appeal. Since the order impugned is passed by the designated Commercial Court, the appellant is required to file a Commercial Appeal and not Miscellaneous First Appeal.
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HC-KAR
CNR: KAHC010573922026 NC: 2026:KHC:46367-DB MFA No. 6123 of 2026
Therefore, the appellant is permitted to convert this Miscellaneous First Appeal into Commercial Appeal. The Registry shall permit the appellant to convert the present appeal into a Commercial Appeal.
3. For statistical purpose, this Miscellaneous First Appeal is disposed of.
Sd/- (ANU SIVARAMAN) JUDGE
Sd/- (T.P.VIVEKANANDA) JUDGE
PN List No.: 1 Sl No.: 10