Mr Sreekanth R v. Navi Finserv Limited
Case brief
What is this about?
Karnataka HC (GM-DRT), Lalitha Kanneganti J., 21.04.2026: writ petitions against Navi Finserv Limited, a private finance company, challenging possession notice dated 01.08.2025 and notice dated 13.2.24, held not maintainable relying on Phoenix Arc Private Limited Vs. Vishwa Bharati Vidya Mandir, (2022) 5 SCC 345; petitions disposed of with liberty to seek remedy before the Debts Recovery Tribunal and benefit of Section 14 Limitation Act; interim order continued for four weeks; Articles 226 and 227 invoked.
What did the court decide?
Both writ petitions disposed of with liberty to the petitioners to avail appropriate remedy before the Debts Recovery Tribunal; petitioners to have the benefit of Section 14 of the Limitation Act; interim order granted by a Co-ordinate Bench to remain in force for four weeks from the date of receipt of copy of the order; all I.As. in the petitions to stand closed.