IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18^TH DAY OF NOVEMBER, 2025 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL WRIT APPEAL NO.143/2023 (GM-RES)

BETWEEN:

1. THE REGISTRAR DEBT RECOVERY TRIBUNAL II 4TH FLOOR, BSNL TELEPHONE HOUSE BUILDING, RAJBHAVAN ROAD BENGALURU-560001.

OLD ADDRESS NO.4, SHANTALA NAGAR Digitally signed by ARSHIFA RICHMOND TOWN BAHAR KHANAM BENGALURU, KARNATAKA 560025 Location: High REPRESENTED BY ITS REGISTRAR.

Court Of Karnataka 2. THE REGISTRAR DEBTS RECOVERY TRIBUNAL - I CHENNAI, 7TH FLOOR, ADDITIONAL OFFICE BUILDING, NO.06 SHASHTRI BHAWAN, HADDOWS ROAD NUNGAMBAKKAM, CHENNAI 600006 REP. BY REGISTRAR DRT-II KARNATAKA.

…APPELLANTS (BY SRI. KUMAR M.N. ADV.,)

AND:

1. LKP FINANCE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 NO.203, EMBASSY CENTRE NARIMAN POINT, MUMBAI 400021 REP. BY AUTHORIZED REPRESENTATIVE ABHILASH J.

2. STATE BANK OF INDIA A BANKING CORPORATION CONSTITUTED UNDER THE STATE BANK OF INDIA ACT, 1955 (23 OF 1955 ) HAVING ITS CORPORATE CENTRE AT STATE BANK BHAVAN MADAME CAMA ROAD NARIMAN POINT, MUMBAI 400021 AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT 61 RESIDENCY ROAD BENGALURU 560025.

3. BANK OF BARODA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDER TAKINGS) ACT 1970 (05 OF 1970) HAVING ITS HEAD OFFICE AT BARODA HOUSE, P B NO 506 MANDAVI VADODARA 396006 ACTING THROUGH ITS BRANCH OFFICE AT P O BOX NO.11745 SAMATA BUILDING CENTRAL BHOSALE MARG NARIMAN POINT, MUMBAI 400121.

4. CORPORATION BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDER TAKINGS) ACT 1970 (40 OF 1980) HAVING ITS CORPORATE OFFICE MANGALADEVI TEMPLE ROAD PANDESHWAR, MANGALORE 575001 AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT RALLARAM MEMORIAL BUILDING

1ST FLOOR, CSI COMPOUND MISSION ROAD, BENGALURU 560027 REPRESENTED BY ITS MANAGER. 5. THE FEDERAL BANK LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT FEDERAL TOWERS, ALUVA 683101 KERALA AND HAVING ITS BRANCH OFFICE AT ST MARKS ROAD, 9 HALYCON COMPLEX ST MARKS ROAD, BANGALORE 560001 REPRESENTED BY ITS MANAGER.

6. IDBI BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT 1956 AND A BANKING COMPANY WITHIN THE MEANING OF THE BANKING REGULATION ACT 1949 HAVING ITS HEAD OFFICE AT IDBI TOWER, WTC COMPLEX CUFFE PARADE, MUMBAI 400005 MAHARASHTRA, INDIA AND ACTING THROUGH ITS BRANCH OFFICE AT CORPORATE BANKING GROUP FAMG, 9TH FLOOR IDBI TOWER, WTC COMPLEX CUFFE PARADE, COLABA MUMBAI 400005 REPRESENTED BY ITS MANAGER.

7. INDIAN OVERSEAS BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT 1970 HAVING ITS CENTRAL OFFICE AT 763 ANNA SALAI, CHENNAI 600002 AND ITS BRNACH OFFICE AT HARIKRIPA 26-A, S V ROAD SANTACRUZ (W) MUMBAI 400054.

8. JAMMU AND KASHMIR BANK LIMITED A BANKING COMPANY INCORPORATED UNDER THE PROVISIONS OF THE JAMMU AND KASHMIR COMPANIES ACT (NO XI OF 1977 SAMVAT)

HAVING ITS REGISTERED OFFICE AT CORPORATE HEADQUARTER MAULANA AZAD ROAD SRINAGAR, KASHMIR 190001 AND ITS BRANCH OFFICE SYED HOUSE 124, SV SARKAR MARG MAHIM (WEST), MUMBAI 400016 REPRESENTED BY ITS MANAGER.

9. PUNJAB AND SIND BANK A BODY CORPORATE UNDER THE BANKING COMPANIES ACQUISITION AND TRANSFER OF UNDER TAKING ACT 1980 HAVING ITS HEAD OFFICE AT 21 RAJENDRA PLACE, NEW DELHI 110008 AND HAVING AMONGST OTHERS A BRANCH OFFICE AT J K SOMANI BUILDING, BRITSH HOTEL LANE FORT MUMBAI 400023.

10. PUNJAB NATIONAL BANK A BODY CORPORATE UNDER THE BANKING COMPANIES ACQUISITION AND TRANSFER OF UNDERTAKING ACT 1970 (5 OF 1970) HAVING ITS HEAD OFFICE 7, BHIKAJI CAMA PLACE NEW DELHI 110607, ACTING THROUGH ITS LARGE CORPORATE BRANCH AT CENTENARY BUILDING

28 M G ROAD, BENGALURU 560001 REPRESENTED BY THE MANAGER.

11. UCO BANK A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT 1970 AND HAVING ITS HEAD OFFICE 10 BTM SARANI KOLKATA 700001 WEST BENGAL, INDIA AND ITS BRA