- 1 - HC-KAR CNR: KAHC010463202023 NC: 2026:KHC:51174-DB CCC No. 871 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF SEPTEMBER, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN CIVIL CONTEMPT PETITION NO. 871 OF 2023 BETWEEN: M/S ANAND RATHI GLOBAL FINANCE LIMITED HAVING ITS REGISTERED OFFICE AT EXPRESS ZONE, ‘A’ WING, 10TH FLOOR, GOREGAON (EAST) MUMBAI-460 063. BRANCH OFFICE AT ANAND RATHI GLOBAL FINANCE LIMITED 4TH FLOOR, BIKKANER PINNACLE NO.1, RHENIUS STREET OFF RICHMOND ROAD BENGALURU-560025 REPRESENTED BY ITS AUTHORISED OFFICER MR. GOWTHAM KRISHNA M. …COMPLAINANT (BY SMT. MOUNIKA M., ADVOCATE FOR SRI. LOKESH K V, ADVOCATE) AND: 1. SRI. BHARATH REDDY MANAGING DIRECTOR M/S ARYAN HOME TECH PVT LTD HAVING THEIR REGISTERED OFFICE AT NO.87, 3RD MAIN, DOLLORS COLONY J P NAGAR, 4TH PHASE, BENGALURU-560078. Digitally signed by MALA K N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010463202023 NC: 2026:KHC:51174-DB CCC No. 871 of 2023 ALSO AT: NO.617, 15TH CROSS, 100 FEET ROAD, J P NAGAR 5TH PHASE, BENGALURU-560078 ALSO AT: 68, 36TH MAIN, 19TH CROSS J P NAGAR, 6TH PHASE BENGALURU-78. 2. MS. RASHMI SURRENDRAREDDY W/O BHARATH SARAKKI GOVINDA REDDY 68, 36TH MAIN, 19TH CROSS J P NAGAR, 6TH PHASE BENGALURU-78. 3. MR. B.G. ANJANAPPA S/O MR. B H GUNDA REDDY BIDARAGUPPA VILLAGE ATTIBELE HOBLI, ANEKAL TALUK BENGALURU-562107. …ACCUSED (BY SRI. X M JOSEPH, ADVOCATE FOR A1; SRI. M. PRABHAKAR, ADVOCATE FOR A3; A2 SERVED) THIS CCC IS FILED UNDER SECTIONS 11 AND 12 OF THE CONTEMPT OF COURTS ACT 1971 R/W ARTICLE 215 OF THE CONSTITUTION OF INDIA, PRAYING TO TAKE SUITABLE ACTION AND INITIATE THE CONTEMPT OF COURT PROCEEDINGS AGAINST THE ACCUSED FOR WILLFUL DISOBEDIENCE OF THE COURT ORDER DATED 31.03.2023 PASSED IN W.P.NO.2564/2023 (GM-RES) BY THIS HON’BLE COURT AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE D K SINGH and HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN - 3 - HC-KAR CNR: KAHC010463202023 NC: 2026:KHC:51174-DB CCC No. 871 of 2023 ORAL ORDER (PER: HON'BLE MR. JUSTICE D K SINGH) The present contempt petition has been filed alleging willful disobedience and non-compliance of the order dated 31.03.2023 passed by the Writ Court in Writ Petition No.2564/2023 (GM-RES). 2. The said order reads thus: “The petitioner is before this Court calling in question an order dated 10.03.2022, passed by the Chief Judicial Magistrate, Bengaluru Rural District, Bengaluru, under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 in Crl.Misc.No.52/2021. 2. Heard Sri Vikram A. Huilgol, learned senior counsel for the petitioner and Sri K.V.Lokesh, learned counsel for respondent No.1. 3. It transpires that the issue between the parties have been settled and the petitioner has filed a memo depicting the terms of settlement in the form of an affidavit of undertaking. The affidavit runs into several pages. Therefore, all the observations in the affidavit of undertaking would be treated as a part and parcel of the present order. 4. The learned senior counsel for the petitioner would submit that Rs.25/- lakhs in terms of the affidavit of undertaking is made by handing over a demand draft to the learned counsel - 4 - HC-KAR CNR: KAHC010463202023 NC: 2026:KHC:51174-DB CCC No. 871 of 2023 representing the first respondent – Finance Company and he would acknowledge the same. 4 (a). The co-ordinate Bench in the order dated 08.10.2021, in W.P.No.18422/2021, has held as follows: “In the above circumstances, this writ petition is disposed off granting reprieve to the petitioner as mentioned above and in terms of memo; the memo shall be treated as the undertaking given to the Court and not only as a bargain between the parties; thus, violation of thereof per se amounts to contempt of this Court." 5. With the aforesaid observations and in terms of the affidavit of undertaking, the writ petition stands disposed. I.A.No.2/2023 is disposed, as a consequence.” 3. As per the memorandum of the contempt petition, in particular paragraph-6, it is noticed that the contemnor has paid Rs.25 lakhs. The allegation in the contempt petition is that the W.P.No.2564 of 2023 was disposed of, following the order passed by Co-ordinate Bench of this Court in W.P.No.18422 of 2021. We do not find that such a submission can be taken into account as the impugned order dated 31.03.2023 is in respect of the - 5 - HC-KAR CNR: KAHC010463202023 NC: 2026:KHC:51174-DB CCC No. 871 of 2023 memo of undertaking in the form of the affidavit filed by the respondent/contemnor. 4. Since Rs.25,00,000/- has already been paid by the respondent/contemnor, no contempt is made out by the complainant. Accordingly, the contempt petition is dismissed. Sd/- (D K SINGH) JUDGE Sd/- (H.SHANTHI BHUSHAN) JUDGE KNM List No.: 1 Sl No.: 4