BASANT BALAJI J ======================

OP (DRT) No. 85 of 2026 ========================

Dated 20^th day of February 2026 JUDGMENT The petitioner had availed an overdraft facility in the year 2019 for an amount of Rs.5 Crore from the respondent Bank by mortgaging 7.50 acres in Sy. No. 85/1 and 3.56 acres in Sy. No. 48/3A1 of Edappatta Village, thereby creating an equitable mortgage in favour of the Bank. Subsequently, the petitioner committed default in repayment of the loan amount as per the agreed terms, and the loan account was classified as NPA. In view of the said default, the respondent Bank initiated recovery proceedings against the secured asset under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act , 2002. Aggrieved by the measures so initiated by the respondent Bank under the said Act, the petitioner has approached this Court by filing the present original petition.

2. When the matter was taken up for consideration today, the learned counsel for the respondent Bank, on instructions, submitted that the sale was conducted on 17.11.2025 and that the sale certificate was issued on 13.02.2026.

Leaving open the lib