Case brief
What is this about?
Karnataka High Court, Bengaluru; WP No. 4549 of 2023 (GM-DRT); Hon'ble Smt. Justice Lalitha Kanneganti; decided 21 April 2026. Keywords: SARFAESI Act 2002; Section 13(2) demand notice dated 31.10.2017; Section 13(4) possession notice dated 21.10.2019; sale notice dated 29.06.2021; Punjab National Bank; third-party applicants (Marina P, Madhusudhan B.N., P. Shridhar); DRT-I Bengaluru; I.A.No.2127/2020 in D.No.1147/2021; 11-day delay; condonation of delay; Section 5 Limitation Act inapplicability to DRT proceedings (raised by bank's counsel); earlier writ WP.No.12545/2021 disposed 04.08.2021 with four-week liberty; mechanical dismissal; order set aside and remanded; appearance on 25.05.2026; expeditious disposal within four weeks; interim order continued four weeks; Article 226 petition; writ petition allowed.
What did the court decide?
Impugned order dated 31.01.2023 in I.A.No.2127/2020 in D.No.1147/2021 (Debts Recovery Tribunal-I, Bengaluru) set aside; matter remanded to the Debts Recovery Tribunal; parties to appear before the Tribunal on 25.05.2026 without further notice; Tribunal directed to consider the petitioners' case expeditiously within four weeks of receipt of copy of the order; interim order of the Co-ordinate Bench continued for four weeks; all interlocutory applications in the writ petition closed.