- 1 - HC-KAR NC: 2026:KHC:21304-DB RP No. 552 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF APRIL, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE VENKATESH NAIK T REVIEW PETITION NO.552 OF 2025 BETWEEN: RAJENDRAKUMAR JAIN S/O. MR. S.M. JAIN AGED ABOUT 64 YEARS RESIDENT OF NO.F-31 KALPATHRU APARTMENTS NO.12, MADHAVANAGAR RACE COURSE ROAD BENGALURU-560 001. …PETITIONER (BY SRI UDAYA HOLLA, SENIOR COUNSEL FOR SMT. MAYA HOLLA, ADVOCATE) AND: 1. DEPUTY DIRECTOR DIRECTORATE OF ENFORCEMENT PRESENTLY OFFICE AT 4TH FLOOR KAISER-I-HIND CURIMBHOY ROAD BALLARD ESTATE MUMBAI 400 001 BY ITS ASSISTANT DIRECTOR SRI RAJESH GOEL. 2. STATE BANK OF INDIA STRESSED ASSETS MANAGEMENT BRANCH 2ND FLOOR, OFFICE COMPLEX BUILDING LHO COMPOUND, ST. MARKS ROAD BENGALURU-560 025 BY ITS ASSISTANT GENERAL MANAGER SMT. HEMALATA P.K. Digitally signed by ANJALI M Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:21304-DB RP No. 552 of 2025 3. PUNJAB NATIONAL BANK A BODY CORPORATED UNDER BANKING COMPANIES (ACQUISITION AND UNDERTAKING) ACT, 1970 HAVING ITS OFFICE AT 7 BIKAJL CAMA PLACE NEW DELHI-110066 ACTING THROUGH ITS LARGE CORPORATE BRANCH AT CENTENARY BUILDING 28, M.G. ROAD BENGALURU-560 001. 4. IDBI BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 AND A BANKING COMPANY WITHIN THE MEANING OF THE BANKING REGULATION ACT, 1949 HAVING ITS HEAD OFFICE AT IDBI TOWERS, WTC COMPLEX CUFFE PARED COLABA MUMBAI-400 005. 5. BANK OF BARODA A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND UNDERTAKING) ACT, 1970 HAVING ITS HEAD OFFICE AT BARODA HOUSE P.B. NO.506 MANDAVI VADODARA-396 006 HAVING BRANCH AT P.O BOX NO.11745 SAMATA BUILDING GENERAL BHOSALE MARG NARIMAN POINT MUMBAI-400 021. 6. UNION BANK OF INDIA (ERSTWHILE CORPORATION BANK) HAVING CORPORATE OFFICE AT UNION BANK BHAVAN NO.239 VIDHAN BHAVAN MARG NARIMAN POINT MUMBAI-400 021. 7. UCO BANK A BODY CORPORATE UNDER BANKING COMPANIES - 3 - HC-KAR NC: 2026:KHC:21304-DB RP No. 552 of 2025 (ACQUISITION AND UNDERTAKING) ACT, 1970 AND HAVING ITS HEAD OFFICE AT NO.10 BTM SARANI, KOLKATA-700 001 WEST BENGAL INDIA. 8. INDIAN OVERSEAS BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND UNDERTAKING) ACT, 1970 HAVING ITS CENTRAL OFFICE AT 763 ANNA SALAI, CHENNAI-600 002 HAVING ITS BRANCH OFFICE AT HARI KRIPA, 26A, S.V. ROAD SANTACRUZ (W) MUMBAI-400 054. 9. THE FEDERAL BANK LTD. A COMPANY WITHIN THE MEANING OF THE INDIAN COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT FEDERAL TOWERS, ALIUVA-683 101 KERALA. HAVING ITS BRANCH OFFICE AT ST. MARKS ROAD, 9, HALEYON COMPLEX ST. MARKS ROAD BENGALURU-560 001. 10. PUNJAB AND SIND BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND UNDERTAKING) ACT, 1970 HAVING ITS HEAD OFFICE AT 21 RAJENDRA PALACE NEW DELHI-110 008 HAVING BRANCH OFFICE AT J.K. SOMANI BUILDING BRITISH HOTEL LANE MUMBAI-400 023. 11. JAMMU AND KASHMIR BANK LTD. A BANKING COMPANY INCORPORATED UNDER THE PROVISIONS OF THE JAMMU AND KASHMIR COMPANIES ACT, 1977 HAVING REGISTERED OFFICE AT CORPORATE HEADQUARTER - 4 - HC-KAR NC: 2026:KHC:21304-DB RP No. 552 of 2025 MAULANA AZAD ROAD SRINAGAR, KASHMIR 190 001 AND ITS BRANCH OFFICE AT SAIYAD HOUSE 124 S.V. SAVARKAR MARG, MAHIM WEST MUMBAI-400 016. 12. JM FINANCIAL ASSET RECONSTRUCTION CO. PVT. LTD. HAVING ITS REGISTERED OFFICE AT 7TH FLOOR, CNERGY APPASAHEB MARATHE MARG PRABHADEVI MUMBAI 400 002. …RESPONDENTS * * * THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE 1 READ WITH SECTION 151 OF CPC, PRAYING TO REVIEW THE JUDGMENT/ORDER DATED 14.11.2025 AND DISMISS THE APPEAL MSA NO.12 OF 2020 AND GRANT SUCH OTHER AND FURTHER RELIEFS AS ARE JUST. THIS REVIEW PETITION, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE D K SINGH and HON'BLE MR. JUSTICE VENKATESH NAIK T ORAL ORDER (PER: HON'BLE MR. JUSTICE D K SINGH) The present review petition is filed seeking review of the judgment dated 14.11.2025 passed by this Court in MSA.No.12/2020. 2. We do not find that there is any apparent error on the face of record or flaws or defects in the impugned judgment - 5 - HC-KAR NC: 2026:KHC:21304-DB RP No. 552 of 2025 dated 14.11.2025 passed in MSA No.12/2020 and therefore we dismiss the review petition, however, without costs. In view of dismissal of the review petition, I.A.No.1/2025 for stay does not survive for consideration and the same stands dismissed. Sd/- (D K SINGH) JUDGE Sd/- (VENKATESH NAIK T) JUDGE MN List No.: 1 Sl No.: 19