Research › Search › Judgment

High Court of Karnataka · body

2026 DAILYLAW 46162 (KAR)

SRI SUNIL KUMAR V v. THE AUTHORISED OFFICER

WP/2052/2026 · 2026-01-31

Ashok S Kinagi

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:5531 WP No. 2052 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31ST DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 2052 OF 2026 (GM-DRT) BETWEEN: SRI SUNIL KUMAR V S/O.VENKATA REDDY, AGE 27 YEARS, R/O.OOLAVADI VILLAGE, CHINTAMANI TALUK, CHIKKABALLAPUR DISTRICT-563125. …PETITIONER (BY SRI. VISHWANATH H M., ADV.) AND: 1. THE AUTHORISED OFFICER CANARA BANK, REGIONAL OFFICE, KOLAR-563101. Digitally signed by SUNITHA K S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:5531 WP No. 2052 of 2026 2. THE MANAGER, CANARA BANK, OOLAVADI BRANCH DP1899, OOLAVADI VILLAGE AND POST, CHINTAMANI, CHIKKABALLAPURA-563125. …RESPONDENTS THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A) CALL FOR THE RECORDS, B) QUASH THE IMPUGNED SALE NOTICE DATED 06.01 2026 BEARING NO.0601/SN/1899/727/5 ISSUED UNDER SECTION 13(4) OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 READ WITH RULE 8(6) OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 BY THE RESPONDENT, PRODUCED AT ANNEXURE-A AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: *** - 3 - HC-KAR NC: 2026:KHC:5531 WP No. 2052 of 2026 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER The petitioner has filed this writ petition challenging the sale notice dated 06.01.2026 issued under Section 13(4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. 2. This Court, vide order dated 27.01.2026, granted an interim order subject to deposit of Rs.15,00,000/- on or before 29.01.2026. 3. On the undertaking given by the petitioner that, the petitioner will deposit Rs.5,00,000/- on 28.01.2026 and remaining Rs.10,00,000/- on or before 29.01.2026 this granted interim order and it was also made clear that, if the petitioner fails to deposit Rs.15,00,000/- on or before 29.01.2026, the interim order granted stands vacated automatically. - 4 - HC-KAR NC: 2026:KHC:5531 WP No. 2052 of 2026 4. The petitioner has violated the undertaking given before this Court. Hence, the petitioner is not bonafide in filing the writ petition. I do not find any grounds to entertain the writ petition. Accordingly, the writ petition is dismissed. Sd/- (ASHOK S.KINAGI) JUDGE SSB