Landowner's Plea Denied by Karnataka High Court due to 9-Year Delay, Likens Situation to 'Rip Van Winkle'

Bengaluru, January 22, 2024: In a significant ruling, the Karnataka High Court, under the jurisdiction of Article 226 and 227 of the Constitution of India, dismissed a writ petition filed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The case, Writ Petition No. 467 of 2024 (GM-DRT), was heard by the Hon'ble Mr Justice M. Nagaprasanna. CASE BACKGROUND: The petitioner, Mr.…