WP/16824/2022 of M/S NORTH EAST REGION HOUSING FINANCE COMPANY LTD Vs AUTHORIZED OFFICER on 5 October 2026

HC-KAR

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 5TH DAY OF OCTOBER, 2026

BEFORE

THE HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM

WRIT PETITION NO. 16824 OF 2022 (GM-DRT)

BETWEEN:

1.

M/S NORTH EAST REGION

HOUSING FINANCE COMPANY LTD

REP BY ITS MANAGING DIRECTOR

MR. KEISHING JAMES LALRONGBAWL

CORPORATE OFFICE: M -2 BLOCK

PLOT NO.2, GROUND FLOOR JIM PLAZA

LOCAL SHOPPING CENTRE, VIKASPURI

OPP KERALA SCHOOL, NEW DELHI-110018

REGISTERED OFFICE ROOM NO.2B

TOP FLOOR, MILLENNIUM CENTRE

DAWRPUL AIZAWL, MIZORAM -796 001.

COMPANY INCORPORATED UNDER

THE COMPANIES ACT, 1956

2.

MR KEISHING JAMES LALRONGBAWL

S/O LTE K LUISE

AGED ABOUT 63 YEARS,

FLAT NO.G-1 GROUND FLOOR

SALAPURIA LAVANY RESIDENCY APARTMENT

PALM GROVE ROAD, WARD NO.76

VICTORIA ROAD LAYOUT

BANGALORE -560047.

…PETITIONERS

(BY SRI. JAGAN MOHAN .M.T, ADVOCATE)

AND:

1.

AUTHORIZED OFFICER

PUNJAB NATIONAL BANK

Verified

HC-KAR

FANCY BAZAR BRANCH

BRANCH CODE: PUNB0018900

LIC BUILDING, SS ROAD

FANCY BAZAR, GUWAHATI

ASSAM -781001

…RESPONDENT

(SERVED AND UNREPRESENTED)

THIS

W.P.

IS

FILED

PRAYING

TO

QUASH

BOTH

IMPUGNED

SALE

AUCTION

NOTICE

DATED

16.07.2022

PUBLISHED BY THE RESPONDENT BANK VIDE ANENXURE-A IN

RESPECT OF THE SCHEDULE IMMOVABLE PROPERTY UNDER

THE

PROVISIONS

OF

THE

SECURITIZATION

AND

RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT

OF SECURITY INTEREST ACT 2002 (ACT 54/2022) FOR

ENFORCEMENT OF INTEREST IS EXCESSIVE ILLEGAL AND

UNSUSTAINABLE; AND ETC.

THIS

PETITION,

COMING

ON

FOR

PRELIMINARY

HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

CORAM: HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM