Authority: High Court of Karnataka at Bengaluru
Order Date: 27 August 2026
Case Overview
- Appellant: Sri Sridhar Babu, S/O Late P.S. Raju, aged about 75, residing at C‑2, Casavelie‑4, Bengaluru 560001.
- Respondents:
1. Karnataka State Financial Corporation, head office No.1/1, Thimmiah Road, Bengaluru 560001, represented by the Head of the Recovery Department.
2. M/s Prashanth Minerals Exports Private Limited, registered office No.3‑C, Sah Jeevan Apartment, 219, R.M.V. Extension, Bengaluru 560080, represented by its Managing Director, Sri B. Uday Kumara.
3. Dr. M. Gurappa, S/O Late Muniswamy, aged about 90, residing at No.110, 4th Block, 4th Stage, 8th Main, Basaveshwara Nagar, Bengaluru 560079.
4. Smt. Premalatha, D/O Late P.S. Raju, residing at the same address as above.
5. Smt. P.R. Swarnalatha, D/O Late P.S. Raju, residing at the same address as above.
6. M/s Karunai Granites Private Limited, represented by its Managing Director, registered office No.183, Vaibhav, 2nd Cross, 1st Block, SBM Road, Koramangala, Bengaluru 560034, also having an additional registered office at No.3/55, Karunai Nagar, Jagadevipalayam Village and Post, Krishnagiri Taluk and District 635023.
- Nature of Proceeding: Miscellaneous First Appeal No.6123 of 2026 (SFC) filed against the judgment dated 06 July 2026 passed by the XI Additional District and Sessions Judge (Dedicated Commercial Court), Bengaluru Rural District, which allowed a petition filed under Section 31(1)(aa) and Section 32 of the State Financial Corporation Act, 1951.
- Procedural Issue: The appeal was filed as a Miscellaneous First Appeal, whereas appeals against orders of a designated Commercial Court must be filed as a Commercial Appeal.
Final Outcome
- The Court permitted the appellant to convert the Miscellaneous First Appeal into a Commercial Appeal.
- The Registry was directed to allow the conversion.
- For statistical purposes, the Miscellaneous First Appeal is recorded as disposed of.
Topics: Court Procedure, State Financial Corporation Law