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2020 (9) TMI 264 - KARNATAKA HIGH COURTMaintainability of petition - Delay in paying interest to the Bank - Section 13 (2) of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - HELD THAT:- This writ petition is liable to be rejected for more than one reason. Firstly, the petition is not maintainable as it has been filed by the petitioner-Company represented by its erstwhile Director; secondly, petitioner has given false assurance with regard to settlement before the NCLT and this Court on several dates of hearing and thirdly, the impugned order is an appealable order. In PRESTIGE LIGHTS LTD. VERSUS STATE BANK OF INDIA [2007 (8) TMI 446 - SUPREME COURT], it is held that an order passed by competent court -interim or final - has to be obeyed without any reservation. If such order is disobeyed, court may refuse the party violating such order to hear him on merits. In that case, the order of the Court was not complied with by the petitioner therein. In this case, petitioner has given repeated assurances but not fulfilled them. The petitioner is not entitled for the discretionary relief under Article 226 of the Constitution of India - petition dismissed.
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