Sri Paneesh Chandra Javali v. Tumkur Veerashaiva Co. Operative Bank
Case brief
What is this about?
Karnataka High Court (Bengaluru), Writ Petition No. 24605 of 2025 (GM-RES), decided 14.08.2025 by B M Shyam Prasad, J. Petitioner: Paneesh Chandra Javali; Respondent: Tumkur Veerashaiva Co-operative Bank. Subject: interim protection against precipitative recovery action over loan account No.00018130002620 pending DRAT appeal RA(S.A.) 77/2025; status quo granted 23.04.2025 and extended to 14/08/2025 with payment deadline; deposits of Rs.55,00,000 on 11.08.2025 and proposed predeposit of Rs.68,80,215 (total Rs.1,24,20,000); alleged suppression of undertaking in W.P.No.27324/2024 to pay by 30.05.2025; questions of suppression and compliance of predeposit left to DRAT for hearing on 20.08.2025; bank restrained meanwhile; petition disposed. Keywords: Article 226, DRAT, co-operative bank, predeposit, status quo, loan regularization.
What did the court decide?
The respondent bank is directed not to take precipitative action against the petitioner's possession until the next date of hearing before the Debts Recovery Appellate Tribunal (fixed for 20.08.2025); the writ petition is disposed of on this basis.