IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 29^TH DAY OF NOVEMBER 2021

PRESENT

THE HON’BLE MR. JUSTICE ALOK ARADHE

AND

THE HON’BLE MR. JUSTICE ANANT RAMANATH HEGDE

W.P. NO.48773 OF 2018 (GM-DRT)

BETWEEN:

M/S NAV VIKAS BUILDERS AND DEVELOPERS

A PARTNERSHIP FIRM

HAVING ITS OFFICE AT

C/O BANGALORE ALPHA LAB

NO.1316/C, 1ST FLOOR, 9TH CROSS

J P NAGAR 2ND PHASE

BANGALORE-560078

REPRESENTED BY ITS PARTNER

SURESH KUMAR MATHUR

AGED ABOUT 70 YEARS

S/O LATE GOPAL LAL MATHUR.

... PETITIONER

(BY MR. K.S. HARISH, ADV.)

AND:

1.

THE DEBT RECOVERY TRIBUNAL-1

BENGALURU

JEEVAN MANGALA BUILDING

2ND FLOOR, NO.4 RESIDENCY ROAD

BENGALURU-5600025

REPRESENTED BY ITS

RECOVERY OFFICER-1

DRT-1 BENGALURU.

2.

KOTAK MAHINDRA BANK

2

ASSET RECONSTRUCTION DIVISION

DANI CORPORATE PARK

7TH FLOOR, NO.158 CST

ROAD KALINA SANTACRUZ (E)

MUMBAI-400098

REPRESENTED BY ITS

CHIEF MANAGER.

3.

KOTAK MAHINDRA BANK

1ST FLOOR, CEEBROS CENTRE

39, MONTIETH ROAD EGMORE

CHENNAI-600008

REPRESENTED BY ITS DY VICE PRESIDENT.

4.

STATE BANK OF INDIA

RACE COURSE ROAD BRANCH

RACE COURSE ROAD

BANGALORE-560001

REPRESENTED BY ITS CHIEF MANAGER

AND ALSO AT

STRESSED ASSETS