Authority: High Court of Karnataka at Bengaluru
Order Date: 9 July 2026
Case Overview
- Petition No.16832 of 2026 (GM-DRT) filed by Canara Bank Asset Recovery Management Branch‑I, represented by Chief Manager Ranjan Kumar.
- Respondents: Recovery Officer‑1 DRT‑II Bengaluru; M/S. Sri Siddhi Freezers and Exporters Private Limited (represented by deceased’s legal heirs); Sumathi R. Chandan (wife of deceased), Rajesh R. Chandan (son), Pushpa R. Bangere (daughter‑in‑law), Vidyavathi R. Chandan (daughter‑in‑law).
- The petition sought: (a) setting aside the order dated 25‑03‑2026 passed in RC No.35/2020, O.A.No.205/2019; (b) revalidation of the sale certificate dated 28‑05‑2025 with incorporation of new survey hissa numbers; (c) any other relief including costs.
- Arguments were presented by counsel Shetty Vignesh Shivaram for the petitioner and M.N. Kumar for respondent No.1.
Final Outcome
- The Court held that revalidation cannot be granted through a writ petition and directed the bank to file an appeal before the Debt Recovery Tribunal (DRT).
- The DRT was ordered to dispose of the appeal within six weeks from filing, excluding the time already spent before this Court.
- The writ petition was disposed of; any interim order stands discharged and pending interlocutory applications, if any, are disposed.
Topics: Debt Recovery, Banking Litigation