{"id":222348,"date":"2019-11-21T10:34:18","date_gmt":"2019-11-21T05:04:18","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=222348"},"modified":"2019-12-25T17:26:54","modified_gmt":"2019-12-25T11:56:54","slug":"kar-hc-stay-granted-against-canara-bank-taking-possession-of-property-till-petitioner-avails-remedy-under-sarfaesi","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/21\/kar-hc-stay-granted-against-canara-bank-taking-possession-of-property-till-petitioner-avails-remedy-under-sarfaesi\/","title":{"rendered":"Kar HC | Stay granted against Canara Bank taking possession of property till petitioner avails remedy under SARFAESI"},"content":{"rendered":"<p style=\"text-align: justify;\"><b>Karnataka High Court<\/b>: B. Veerappa, J. while disposing of this petition directed that the impugned order should not be given effect to.<\/p>\n<p style=\"text-align: justify;\">The petitioner had sought for a writ for certiorari for quashing the order permitting the respondent-Bank to take physical possession of the schedule property for non-payment of due amount Rs 1.27 crore.<\/p>\n<p style=\"text-align: justify;\">Counsel for the Petitioner, Sandhya U. Prabhu, submitted that the petitioner has an alternative remedy of statutory appeal under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 against the impugned order which was not filed then.<\/p>\n<p style=\"text-align: justify;\">The possession of the property was allowed with the help of the police. It was contended by the petitioner that he had already paid Rs 1.06 crore.<\/p>\n<p style=\"text-align: justify;\">The Court observed that the caveator-respondent after given so many opportunities did not appear before the Court and the above payment by the petitioner was also not disputed. The Court, in the interest of justice, gave a reasonable opportunity to the petitioner to avail alternative remedy of appeal. [John Nesa Kumar v. Canara Bank, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/V1U1Lkk7\"><b>2019 SCC OnLine Kar 2360<\/b><\/a>, decided on 06-11-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court: B. Veerappa, J. while disposing of this petition directed that the impugned order should not be given effect to. <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[31975,33207,33360],"class_list":["post-222348","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-alternative-remedy","tag-possession-of-property","tag-statutory-appeal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kar HC | Stay granted against Canara Bank taking possession of property till petitioner avails remedy under SARFAESI | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/21\/kar-hc-stay-granted-against-canara-bank-taking-possession-of-property-till-petitioner-avails-remedy-under-sarfaesi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kar HC | Stay granted against Canara Bank taking possession of property till petitioner avails remedy under SARFAESI\" \/>\n<meta property=\"og:description\" content=\"Karnataka High Court: B. 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The facts of the case are such that the petitioner took a loan to the tune of Rs 4, 25,000 from the respondent bank namely Allahabad Bank. 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The suit under the said section was filed by the petitioner alleging that he was the tenant in the suit\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/calcutta-court.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/calcutta-court.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/calcutta-court.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/calcutta-court.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/calcutta-court.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222618,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/28\/raj-hc-writ-petition-not-maintainable-against-s-14-of-sarfaesi-act-as-alternative-remedies-for-the-same-can-be-availed\/","url_meta":{"origin":222348,"position":2},"title":"Raj HC | Writ Petition not maintainable against S. 14 of SARFAESI Act as alternative remedies for the same can be availed","author":"Bhumika Indulia","date":"November 28, 2019","format":false,"excerpt":"Rajasthan High Court: Ashok Kumar Gaur, J. was hearing a petition on the issue pertaining to taking possession of the mortgaged property by the respondent bank. \u00a0 The petitioner filed a writ petition challenging an order passed under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":286184,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/03\/04\/complaint-criminal-proceeding-house-trespass-criminal-intimidation-abetment-ipc-quashment-bank-employee-authorized-duty-revision-allowed-calcutta-high-court-legal-research-legal-news\/","url_meta":{"origin":222348,"position":3},"title":"Entry of authorised Bank employee in secured property premises for taking possession doesn&#8217;t fall under &#8220;House Trespass&#8221;: Calcutta High Court","author":"Ritu","date":"March 4, 2023","format":false,"excerpt":"While quashing the impugned criminal proceeding against the petitioners, the Court held that a defaulter borrower holds the secured asset only in trust or symbolic possession and even if the petitioners have entered the said property, the same cannot be marked out as trespassers in other's' property.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Calcutta High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-604.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-604.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-604.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/MicrosoftTeams-image-604.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":189154,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/15\/court-exercise-writ-jurisdiction-not-ignore-condition-imposed-law-entertaining-appeal\/","url_meta":{"origin":222348,"position":4},"title":"The Court, in exercise of writ jurisdiction, should not ignore a condition imposed by law for entertaining an appeal","author":"Saba","date":"February 15, 2018","format":false,"excerpt":"Allahabad High Court: A civil writ petition was dismissed by a Single Judge Bench comprising of Ram Surat Ram Maurya, J., on the ground that the petitioner had an alternate remedy of appeal under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. 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