Smt Beenashree v. Canara Bank
Case brief
What is this about?
Karnataka HC writ petition (GM-DRT) under Articles 226/227 by borrowers in O.A. No. 972/2019 (DRT-II Bengaluru, Canara Bank) challenging Recovery Officer's warrant of attachment and sale proclamation notice dated 12.03.2024 in RC No. 47/2022; Recovery Certificate of Rs. 78,21,900 with interest and costs; recall application under Section 22(2)(H) Recovery of Debts and Bankruptcy Act 1993 pending; Court defers coercive measures till disposal of recall application; notices allegedly addressed to earlier addresses; interim deposits of Rs. 20,00,000/- twice; interim order vacated 29.04.2025 for default; petition allowed-in-part.
What did the court decide?
Direction to the third respondent (Recovery Officer) to defer coercive measures until disposal of the petitioners' pending application under Section 22(2)(H) of the Recovery of Debts and Bankruptcy Act, 1993; liberty reserved to the respondent-Bank to file a certified copy of the order in the pending application for early disposal.