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2026 DAILYLAW 41809 (KAR)

SRI MADHU KRISHNA v. THE AUTHORIZED OFFICER

WP/29546/2026 · 2026-09-21

C M Poonacha

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010645552026 NC: 2026:KHC:51788 WP No. 29546 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21ST DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE C.M. POONACHA WRIT PETITION NO. 29546 OF 2026 (GM-DRT) BETWEEN: SRI MADHU KRISHNA S/O. LATE VEERABHADRACHAR, AGED ABOUT 52 YEARS, R/AT NO. 04, AKRUTHI LAYOUT, GROUND AND 1ST FLOOR, MYSURU - 560 023. …PETITIONER (BY SRI. PAVAN M., ADVOCATE) AND: 1. THE AUTHORIZED OFFICER IDBI BANK LIMITED, 2ND FLOOR, IDBI HOUSE, NO.58, MISSION ROAD, BENGALURU - 560 027. 2. THE MANAGER, IDBI BANK LTD., ANAND ARCADE, MIG-11, V M DOUBLE ROAD, SARASWATHIPURAM, KUVEMPUNAGAR, MYSURU - 570 009. 3. SRI. BYRAVA H K, S/O. LATE KRISHNANAYAKA, AGED ABOUT 38 YEARS, 4. SMT. SAHANA B S, W/O. BYRAVA H K - 2 - HC-KAR CNR: KAHC010645552026 NC: 2026:KHC:51788 WP No. 29546 of 2026 AGED ABOUT 30 YEARS, RESPONDENTS NO.3 AND 4 ARE RESIDING AT KATTEMALALAVADI VILLAGE, KATTEMALALAVADI POST, GAVADAGERE HOBLI, HUNSUR TALUK, MYSURU DISTRICT - 570 023. …RESPONDENTS THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A) ISSUE A WRIT IN THE NATURE OF CERTIORARI OR ANY OTHER APPROPRIATE WRIT, ORDER OR DIRECTION TO QUASH THE NOTICE DATED 02-09-2026 AS ANNEXURE-E ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE C.M. POONACHA ORAL ORDER The present writ petition is filed seeking for the following reliefs: "a. Issue a writ in the nature of certiorari or any other appropriate writ, order or direction to quash the notice dated 02.09.2026 as Annexure-E. b. Consequently, grant such other relief's as this Hon'ble Court be pleased to grant any such other relief's and such other order or direction that this Hon'ble Court deems fit to pass in the casts and circumstances of the case in the interest of justice and peace." Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA - 3 - HC-KAR CNR: KAHC010645552026 NC: 2026:KHC:51788 WP No. 29546 of 2026 2. The petitioner seeks to assail the proceedings conducted invoking the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 20021. 3. Having regard to the fact that the petitioner had an alternative remedy under the provisions of the said Act, the writ petition is disposed of. 4. This order shall not preclude the petitioner in availing remedies as may be permissible under law. (C.M. POONACHA) JUDGE PNV List No.: 1 Sl No.: 21 1 Hereinafter referred as to 'SARFAESI Act' Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA