WP/33727/2025 of PULLAREVU MOUNIKA REDDY Vs UNION OF INDIA on 4 May 2026

1. PULLAREVU MOUNIKA REDDY, W/O. PRABHANJAN KUMAR, AGED ABOUT 32 YEARS, OCC PROPRIETOR OF EMEN AGRI FARMS R/O. YERRAGUNTA VILLAGE, KANEKAL MANDAL, ANANTAPURAM DISTRICT.

...PETITIONER AND

1. UNION OF INDIA, REPRESENTED BY ITS SECRETARY (FINANCE), NEW DELHI.

2. THE KARNATAKA BANK LTD, REP. BY ITS CHAIRMAN CUM MANAGING DIRECTOR, POST BOX NO. 599, MAHAVEERA CIRCLE, KANKANADY, MANGALORE - 575002. KARNATAKA STATE.

3. THE BRANCH MANAGER, KARNATAKA BANK, BOMMANAHAL BRANCH, ANANTAPURAM DISTRICT.

4. THE AUTHORIZED OFFICER, , KARNATAKA BANK, POST BOX NO. 599, MAHAVEERA CIRCLE, KANKANADY, MANGALORE - 575002. KARNATAKA STATE

...RESPONDENT(S): Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased topleased to issue a writ or order more particularly one in the nature of writ of mandamus or an appropriate writ or order declaring the demand notice dt. 18-09-2025, issued u/s. 13(2), r/w. 13(3) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act,

2002 by the 3RD demanding the petitioner to pay the entire loan amount of Rs. 6,31,38,133.83/- respondent within 60 days without properly considering the petitioner's representation dt. 24-07-2025 made for rescheduling of the repayment of the loan, as illegal, arbitrary and unconstitutional and consequently direct the 2nd respondent to consider the request made by the petitioner for rescheduling of the loan repayment, and to IA NO: 1 OF 2025 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased pleased to suspend the demand notice dt. 18-09-2025, issued u/s. 13(2), r/w. 13(3) of the SARFAESI Act, 2002 issued by the 3rd respondent demanding the petitioner to pay the entire loan amount of Rs. 6,31,38,133.83/- within 60 days with direction to the respondents 2 & 3 to reconsider for rescheduling the loan pending disposal of the writ petition and pass such other orders and pass IA NO: 1 OF 2026 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased May be pleased to direct the respondents 2-4 to consider the representation dt. 18.12.2025, made requesting to restructuring of the loan amount to enable the petitioner to pay the loan amounts as per reschedule by running the business pending disposal of the writ petition and pass Counsel for the Petitioner:

1. KOTI REDDY IDAMAKANTI Counsel for the Respondent(S):

1. SRAVAN KUMAR MANNAVA

2. Y V ANIL KUMAR (Central Government Counsel) The Court made the following:

THE HONOURABLE SRI JUSTICE BATTU DEVANAND & THE HONOURABLE SRI JUSTICE A. HARI HARANADHA SARMA W.P. No.33727 of 2025 O R D E R: (Per Hon’ble Sri Justice A. Hari Haranadha Sarma)

1. Heard.

2. In view of the orders dated 05.05.2026 passed by this Court in W.P.No.10484 of 2026, no further orders are required to be passed in this Writ Petition.

3. Accordingly, the Writ Petition is closed. There shall be no order as to costs.

4. As a sequel, miscellaneous petitions pending, if any, shall stand closed.

__________________________ JUSTICE BATTU DEVANAND

__________________________________ JUSTICE A.HARI HARANADHA SARMA

Date: 05.05.2026 Knr

THE HON’BLE SRI JUSTICE BATTU DEVANAND and THE HONOURABLE SRI JUSTICE A. HARI HARANADHA SARMA

W.P. No.33727 of 2025 Dt.05.05.2026

Knr