Sri. G. Lokesh v. Union Bank of India
Case brief
What is this about?
WP No. 25124 of 2025 (GM-DRT), High Court of Karnataka at Bengaluru, decided 24.02.2026 by Smt. Justice Lalitha Kanneganti. Petitioners G. Lokesh (borrower) and Suresh Babu G.T. (guarantor) vs Union Bank of India (erstwhile Corporation Bank) and Agamudi Samaja Seva Sangha (R). Challenge under Articles 226 and 227 to auction sale of 23.02.2023 and sale certificate of 09.03.2023 alleging fraud and collusion, sale at half market price to adjacent land owner. Held: effective alternative remedy before DRT; writ petition disposed of with liberty to pursue appropriate remedy and benefit of Section 14 of the Limitation Act; pending I.As closed. Statutes referenced: Articles 226/227, Banking Regulation Act 1949, Section 14 Limitation Act. No precedent cases cited; no monetary quantum stated.
What did the court decide?
Liberty to the petitioners to avail the appropriate remedy in accordance with law; benefit of Section 14 of the Limitation Act; all pending I.As in the writ petition closed.