M/S Supreme Traders Vs State Bank of India — Writ and Judicial Review | Karnataka HC (2026)

M/S Supreme Traders Vs State Bank of India — Writ and Judicial Review | Karnataka HC (2026)

What the court decided

AI extract

Outcome

Writ petition dismissed as withdrawn; liberty reserved to the petitioner to approach the Debts Recovery Tribunal within thirty days, with the benefit of Section 14 of the Limitation Act if approached within that period; Registry directed to return original/certified copies of documents after retaining a photocopy; pending applications, if any, disposed of.

Issue for consideration

Whether the Court should direct the respondent Bank to restructure the interest rate on the cash credit facility availed by the petitioner, by referring the case to the Standing Committee as per the Gazette Notification dated 29/05/2015 (Annexure-F, No.1133) and RBI Circular dated 17/03/2016 (No.RBI/2015-16/338). +1 more

Ratio / Principle

The writ petition is dismissed as withdrawn, on the memo filed by learned counsel for the petitioner seeking leave to withdraw with liberty to approach the appropriate forum.

Key takeaways

Liberty is reserved to the petitioner to approach the Debts Recovery Tribunal within thirty days from the date of the order.ratio¶29
If the petitioner approaches the Debts Recovery Tribunal within thirty days, he is entitled to the benefit of Section 14 of the Limitation Act.ratio¶30
Registry is directed to return the original/certified copies of the documents, if any, to the petitioner, after retaining a photocopy.obiter

Detailed headnote1 paragraphs

Writ petition (GM-DRT) under Articles 226 and 227 of the Constitution of India filed by M/s. Supreme Traders (an MSME registered 01.06.2022, represented by its personal guaranteeer Saifuddin Syed) against State Bank of India, Channapatna Branch and its Chief Manager (Credit and NPAM), praying for a writ of mandamus directing the Bank to restructure the interest rate on the petitioner's cash credit facility by referring the case to the Standing Committee as per the Gazette Notification dated 29/05/2015 (Annexure-F, No.1133) and RBI Circular dated 17/03/2016 (No.RBI/2015-16/338). When the petition came on for orders, learned counsel for the petitioner filed a memo seeking leave to withdraw with liberty to approach the appropriate forum. The Court placed the memo on record, dismissed the writ petition as withdrawn, reserved liberty to the petitioner to approach the Debts Recovery Tribunal within thirty days, and granted that if approached within that period the petitioner would be entitled to the benefit of Section 14 of the Limitation Act. Registry was directed to return the original/certified copies of documents to the petitioner after retaining a photocopy, and pending applications, if any, stood disposed of. Coram: Hon'ble Mr. Justice Ashok S. Kinagi (18 February 2026).

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NC: 2026:KHC:10113 WP No. 22445 of 2025

HC-KAR

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18^TH DAY OF FEBRUARY, 2026

BEFORE

THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 22445 OF 2025 (GM-DRT)

BETWEEN:

M/S. SUPREME TRADERS R/AT, NO.1584/3, SHOP NO.15, FARAH CENTRE, SATHNUR CIRCLE, B M ROAD, CHANNAPATNA-562 160, REPRESENTED BY ITS PERSONAL GUARANTEER SAIFUDDIN SYED S/O SYED AHMED [PETITIONER COMPANY IS REGISTERED UNDER MSME DATED 01.06.2022]

…PETITIONER

Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA

(BY SRI. SADDAM R MULLA, ADVOCATE FOR SRI. MOHAMMED TAHIR, ADVOCATE)

AND:

STATE BANK OF INDIA R/AT, BM ROAD, CHANNAPATNA BRANCH, PB NO.2, NO.2290, BENGALURU-MYSURU ROAD, CHANNAPATNA-562 160, REPRESENTED BY ITS BRANCH MANAGER [REGISTERED UNDER THE SBI ACT, 1955]

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NC: 2026:KHC:10113 WP No. 22445 of 2025

HC-KAR

CHIEF MANAGER (CREDIT AND NPAM) STATE BANK OF INDIA REGIONAL BRANCH OFFICE – 4, CHAMARAJANAGAR-571 313, REPRESENTED BY ITS AUTHORIZED OFFICER.

…RESPONDENTS

(BY SMT. DIVYA PURANDAR, ADVOCATE FOR R1 & R2; SMT. MAHALAXMI VIVEK, ADVOCATE FOR C/R1 IN (CP NO.11561/2025)

THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO: (1) TO ISSUE WRIT OF MANDAMUS OR ANY APPROPRIATE WRIT, ORDER OR DIRECTION DIRECTING THE RESPONDENT BANK TO RESTRUCTURE THE INTEREST RATE IN CASH CREDIT FACILITY AVAILED BY THE PETITIONER BY REFERRING THE CASE OF PETITIONER TO STANDING COMMITTEE TO IDENTIFY AND RESTRUCTURE THE ADVANCE OF MSMES AS PER THE GAZETTE NOTIFICATION DATED 29/05/2015 AT ANNEXURE-F BEARING No.1133 AND RBI CIRCULAR DATE 17/03/2016 AT ANNEXUREG BEARING No.RBI/2015-16/338 IN SUCH MANNER AS THE COURT MAY DEEM FIT AND JUST; AND ETC.

THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI

3 - NC: 2026:KHC:10113 WP No. 22445 of 2025

HC-KAR

ORAL ORDER

Learned counsel for the petitioner files a memo seeking leave of the Court to withdraw the writ petition with liberty to approach the appropriate forum.

The Memo is placed on record.

The writ petition is dismissed as withdrawn .

Liberty is reserved to the petitioner to approach the Debts Recovery Tribunal within thirty days from today.

If the petitioner approaches the Debts Recovery Tribunal within thirty days from today, he is entitled to the benefit of Section 14 of the Limitation Act.

Registry is directed to return the original/certified copies of the documents, if any, to the petitioner, after retaining a photo copy of the same.

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NC: 2026:KHC:10113 WP No. 22445 of 2025

HC-KAR

7. In view of the disposal of the petition, pending applications, if any, stand disposed of.

Sd/(ASHOK S.KINAGI) JUDGE

RK CT:ar List No.: 2 Sl No.: 20