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IN THE HIGH COURT OF TELANGANA
Moushumi Bhattacharya, Gadi Praveen Kumar
Mansarovar Pearls (India) Private Limited – Appellant
Versus
Canara Bank – Respondent
| Table of Content |
|---|
| 1. two writ petitions regarding similar issues (Para 2 , 3) |
| 2. factual background of financial disputes (Para 4 , 5 , 6) |
| 3. arguments on review jurisdiction and valuation compliance (Para 8 , 9 , 10 , 11 , 12) |
| 4. response by the bank regarding compliance and legal precedence (Para 13 , 14 , 15 , 16 , 17) |
| 5. court's observations on review process and legal standards (Para 28 , 29 , 30 , 31) |
| 6. validity of auction purchaser's rights (Para 34 , 35) |
| 7. final judgment dismissing one petitioner and allowing another (Para 36 , 37) |
ORDER :
Gadi Praveen Kumar, J.
Since, the issues raised in both the Writ Petitions are one and the same, they are being disposed of by this common order.
W.P.No.15369 of 2025
2. This Writ Petition is filed by the petitioners/principal borrowers assailing the judgment dated 05.02.2025 passed in Appeal No.20 of 2024 by the Debts Recovery Appellate Tribunal at Kolkata (DRAT), which is preferred against the order dated 08-01-2024 in Review Petition No.3 of 2023 which was filed against the common order dated 22.05.2023 in Securitization Application (SA) No.87 of 2021 and Transfer Securitization Application (TSA) No.4 of 2021 (Old S.A.No.42/2021) passed by the De
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