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High Court of Karnataka · body
2026 DAILYLAW 54894 (KAR)
SHRIRAM FINANCE LIMITED v. THE STATE OF KARNATAKA
CRL.P/201543/2025 · 2026-01-28
Rajesh Rai K
body2026
[ 2026 DAILYLAW 54894 (KAR) · dailylaw.ai ]
[ 2026 DAILYLAW 54894 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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Digitally signed by SHIVALEELA DATTATRAYA UDAGI Location: HIGH COURT OF KARNATAKA
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123 45626278 23 92:5; <8;5= 5>6278 79 %1?=?62@? ?A?=2B <=?B31? ?8126? !* 355B28A 67 356 ?32;5 615 7=;5= ;?65; !)! 4?335; 78 7 28
7 )! " $ =2C5 7 ! *& =5A2365=5; D@ =53478;586 7 7:2>5?A?2836=53478;586 7367"97= 61579958>534<8231?D:5 <8;5= 5>62783 "!) "! !$%& =E5>6278*"79 !4=53586:@458;28A7861592:5 79.;;26278?: 2F2:<;A5?8; .?62G?@?4<=
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15 9?>6<?: C?6=2H 79 615 >?35 2 61?6 615 >7C4:?28?86 785 ?8G<8?61 :7;A5; 615 >7C4:?286 ?A?2836 =53478;586 7367"?8;?87615=78!"!! *?::5A28A 61?6 ?>><35; 7" E?3 E7=B28A ?3 ? ?8?A5= 28 615 456262785= . >7C4?8@ ?8; ?>><35; 73 E?3 E7=B28A ?3 7:; 44=?235= ?8; ?>><35; 7* E?3 E7=B28A ?3 7:;
7?8 ?8?A5= >><35; 73 ?8; * E5=5 ?:37 ?::7665;
615 ;<6@ 67 >15>B 615 I<?:26@ 79 615 A7:; 7=8?C5863 4:5;A5; D@ 615 ><367C5=3 67 E52A1 615 3?C5 ?8; 615=5?965=67233<5?>5=6292>?655:@28A783<>1>5=6292>?65 615 >7C4?8@ A=?863 615 :7?8 67 615 ><367C5=3 >>7=;28A:@ ;<=28A 615 C7861 79 4=2: ! 67 <A<36 ! ;2995=586><367C5=31?;4:5;A5;615A7:;7=8?C5863 28615>7C4?8@676?::28A 47>B563'12:54:5;A28A615 A7:; 7=8?C5863 ?>><35; 7 4=7F2;5; 615 I<?:26@ >5=6292>?65 5:@28A <478 615 3?C5 615 >7C4?8@ 1?; ?;F?8>5; 615 :7?8 67 615 6<85 79 3(!!. >><35; 7 1?F28A =5>52F5; 615 :7?8 ?C7<86 ;2; 876 =54?@ 615 3?C5 87= =585E5; 615 :7?8 ?>>7<86 3 3<>1
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615 C?8?A5C586 79 >7C4?8@ D@ 3<345>628A ?>62783 5H?C285; 615 A7:; 7=8?C5863 D@ 615 ?<;267=3
15=5D@ 615@97<8;61?66153?C5?=579:7EI<?:26@?8;37C5?=5 ;<4:2>?65A7:;7=8?C58638?<;26=547=626E?3?:3797<8;
61?6?>><35; 73?8;*?=5=5347832D:545=378397=615 3?C5 3 3<>1 615 >7C4:?286 1?3 D558 :7;A5; D@ 615 >7C4?8@ ?8; 615 >?C5 67 D5 =5A2365=5; ?A?2836 ?>><35; 73 67 " <D35I<586:@ =53478;586 7 7:2>5 >78;<>65; 28F5362A?6278 ?8; :?2; >1?=A5 31556 ?A?2836?>><35; 73 67"=53478;586 7367"97=615 ?97=5C5862785; 79958>53
15 :5?=85; ?A236=?65 677B >7A82J?8>5 79 615 79958>53 ?8; 615 >?35 E?3 356 <4 97= 6=2?:
* '. E?3 5H?C285; D597=5 615
=2?: 7<=6 78 ! ! 15=5?965= 7 E?3 92:5; D@ 615 456262785= <8;5= 5>6278 (*$& 79 = 67 >78;<>6 9<=615= 28F5362A?6278 97= 352J<=5 79 A7:; 7=8?C5863 E12>1 E?34:5;A5;D@?>><35; 7 28615@5?=!
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?44:2>?6278 E?3 ;23C2335; D@ 615 :5?=85; ?A236=?65
1?::58A5676153?C523D597=56123 7<=6
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:5?=85; 2A1 7<=6 7F5=8C586 :5?;5= 97= =53478;586 7 .6?65
4?=6 9=7C <=A28A 35F5=?: >7865862783 :5?=85; >7<835: 97= 615 456262785= >78658;5; 61?6 ?>><35; 73 ?8;*=53478;586 73*?8;"?=5615=5347832D:597=615 >7CC2332787961579958>5 7::<;28AE261?>><35; 7 D761 79 615C 1?F5 233<5; 9?:35 I<?:26@ >5=6292>?65 97= 615 3<D.36?8;?=;A7:;
15A7:;4:5;A5;D@?>><35; 7 23 28 615 ><367;@ 79 615 >7C4?8@ 8 3<>1 >2=><C36?8>5 61735 A7:; 7=8?C5863 1?F5 67 D5 352J5; D@ 615 8F5362A?628A 992>5= ?8; 615 3?C51?3 67 D5 358667 615 97=>78;<>628AI<?:26@6536>>7=;28A6712C617<A1 615=523?;5:?@2892:28A615?44:2>?62786153?C5E?3;<5 67 615 C5=A5= 79 615 >7C4?8@ ?8; ;<5 67 =532A8?6278 79 615 >7C4:?28?86 9=7C 615 >7C4?8@ 5 ?:37 >78658;5;
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61?66154=735><62787=6158F5362A?628A992>5=E2::876D5 4=5G<;2>5; 29 615 ?44:2>?6278 23 ?::7E5; >>7=;28A:@ 15 4=?@367?::7E61545626278
:5?=85; 2A1 7<=6 7F5=8C586 :5?;5= 3<DC263 61?6 615=5 23 ?8 287=;28?65 ;5:?@ 79 @5?=32892:28A615?44:2>?6278D@615456262785=;534265615 A7:; 7=8?C5863 D528A 28 ><367;@ 79 615 456262785=. >7C4?8@9615456262785=E?3=5?::@28658;28A67>78;<>6 3<>1653628A79615A7:;7=8?C5863D@6156158615@ E7<:; 1?F5 ?44=7?>15; 615 8F5362A?628A 992>5= ;<=28A 615>7<=35796=2?:7=?6:5?36?661562C5795H?C28?627879 '. 7E5F5= 615 4=53586 ?44:2>?6278 23 92:5; 28 615 D5:?65;36?A5?8;328>561547E5=<8;5=5>6278 (*$&79
= 1?367D55H5=>235;34?=28A:@285H>546278?:>?353 6154=53586?44:2>?627823876C?286?28?D:5?8;615:5?=85;
?A236=?65 1?3 =2A16:@ ;23C2335; 615 3?2; ?44:2>?6278 58>5154=?@367;23C23361545626278
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( 1?F5A2F58C@?8H27<3>7832;5=?6278D76178 615 3<DC2332783 C?;5 D@ 615 :5?=85; >7<835: 97= 615 =5345>62F54?=625337?:3745=<35;615=5>7=;3
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28>2;586 E?3 >7CC2665; 28 615 @5?= ! 965= :7;A28A 615 >7C4:?286 =53478;586 7 7:2>5 >78;<>65;
28F5362A?6278?8;:?2;>1?=A531556?A?2836?>><35; 73 67"661?662C5?;C2665;:@615A7:;7=8?C5863E5=528 4733533278 79 615 456262785= ?8; 87 3<>1 =5I<536 E?3 C?;5 D@ 615 >7C4:?28?86 456262785= 67 >78;<>6 615 28F5362A?6278 28 =5345>6 79 615 I<?:26@ 79 A7:; 7=8?C5863 15=5?965= '. . 615 >7C4:?28?86 E?3 5H?C285; 28615 @5?=! 2578! ! 5F58?661?662C5?:3715 1?3876;54735;6761?65995>6?8;873<>1?44:2>?6278E?3 92:5;D@615>7C4:?28?86=7C615@5?=! 67!615 A7:; 7=8?C5863 E5=5 28 615 ><367;@ 79 615 456262785= >7C4?8@ 6 6123 D:5?65; 36?A5 615 A7:; 7=8?C5863 >?8876 D5 352J5; D@ >78;<>628A =5.28F5362A?6278 ?8; 358;28A97=5H?C28?627897=I<?:26@>15>B
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<8I<536278?D:5 28F5362A?6278 23 615 7D:2A?6278 79 615 28F5362A?628A ?A58>@ ?8; 615 7<=6 28 263 3<45=F237=@ >?4?>26@ 23 =5I<2=5; 67 583<=5 615 3?C5 <=615= 28F5362A?6278 >78;<>65; <8;5= 615 7=;5=3 79 615 7<=6 28>:<;28A61?679615?A236=?657=D@6157:2>5792637E8 ?>>7=;?8;97=F?:2;=5?3783E7<:;:5?;6761592:28A79? 3<44:5C586?=@ =547=6 <>1 3<44:5C586?=@ =547=6 31?::
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D5;5?:6E261?34?=6796154=2C?=@=547=6
12323>:5?= 9=7C 615 9?>6 61?6 615 4=7F232783 79 5>62783 (*$*& 67 (*$& E7<:; D5 ?44:2>?D:5 67 3<>1 =547=63 28 65=C3 79 5>6278 (*$&79615 =
3 ;23><335; 3<4=? 28 615 2836?86 >?35 615 28F5362A?6278 23 >7C4:565; C<>1 4=27= 67 615 @5?= ! " 2635:9 ?6 6123 36?A5 26 23 28?44=74=2?65 67 ;2=5>6 615 8F5362A?628A 992>5= 67 >78;<>6 9<=615= 28F5362A?6278 ?8;
67 352J5 615 C?65=2?: E12>1 E?3 28 615 ><367;@ 79 615 456262785= 8 3<>1 >2=><C36?8>5 28 C@ >7832;5=5; F25E 615 6=2?: <;A5 1?3 =2A16:@ =5G5>65; 615 ?44:2>?6278 79 615 456262785= 928; 87 A77; A=7<8;3 67 2865=95=5 E261 615 2C4<A85;7=;5=
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