M/S. Bharath Rice Industries v. State Bank of India
Case brief
What is this about?
Bharath Rice Industries and partners v. State Bank of India (Authorized Officer, SME Br., Tumkur); WP No. 21066 of 2021 (GM-RES), High Court of Karnataka, E.S. Indiresh J., decided 25.11.2025. Keywords: refund of excess amount in loan account; OTS scheme settlement; Sale Notice dated 03.03.2017 confirmed by DRT-II Bengaluru final order dated 12.04.2018 (Annexure-R.1); alternative remedy before Appellate Authority under Debts Recovery Tribunal Act; Articles 226 and 227; writ dismissed, no interference.
What did the court decide?
If the petitioners are aggrieved by the order passed by the Debts Recovery Tribunal (Annexure R.1), it is open for them to challenge the same before the Appellate Authority as per the provisions contained under the Debts Recovery Tribunal Act. ¶36