Monday, 20, Apr, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

Mr R Prasanna vs M/S Margadarshi Chits Karnataka Pvt Ltd
2025 Latest Caselaw 9714 Kant

Citation : 2025 Latest Caselaw 9714 Kant
Judgement Date : 3 November, 2025

Karnataka High Court

Mr R Prasanna vs M/S Margadarshi Chits Karnataka Pvt Ltd on 3 November, 2025

Author: S Vishwajith Shetty
Bench: S Vishwajith Shetty
                                                -1-
                                                             NC: 2025:KHC:44169
                                                           WP No. 17150 of 2024


                   HC-KAR



                       IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                            DATED THIS THE 3RD DAY OF NOVEMBER, 2025

                                             BEFORE

                          THE HON'BLE MR. JUSTICE S VISHWAJITH SHETTY

                            WRIT PETITION NO. 17150 OF 2024 (GM-CPC)

                   BETWEEN:

                   MR. R. PRASANNA
                   S/O RANGEGOWDA
                   AGED ABOUT 54 YEARS
                   NO 16, 2ND FLOOR, 1ST MAIN
                   PALACE GUTTAHALLI
                   BENGALURU - 560 003.
                                                                    ...PETITIONER
                   (BY SRI G.M. SHARATH KUMAR, ADV., FOR
                       SRI VASEEMUDDIN A, ADV.)
                   AND:

                   M/S MARGADARSHI CHITS
                   KARNATAKA PVT. LTD.
                   REPT BY ITS FOREMAN
                   NO 541, 2ND FLOOR, OPP CHURCH
                   CBI MAIN ROAD, HMT LAYOUT
Digitally signed
by NANDINI M       R.T. NAGAR BRANCH
S                  R.T. NAGAR, BENGALURU - 560 032
Location: HIGH     REGISTER UNDER KARNATAKA
COURT OF           CHIT FUND ACT 1982.
KARNATAKA                                                          ...RESPONDENT
                        THIS WP IS FILED UNDER ARTICLE 227 OF THE
                   CONSTITUTION OF INDIA PRAYING TO DIRECTION TO SET ASIDE
                   IMPUGNED ORDER DATED 14/06/2024 PASSED BY THE HONBLE
                   COURT OF XIV ADDL. CITY CIVIL AND SESSIONS JUDGE (CCH-28)
                   BENGALURU, IN EX. NO. 2453/2023 VIDE ANNEXURE-A.

                         THIS PETITION, COMING ON FOR PRELIMINARY HEARING,
                   THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

                   CORAM: HON'BLE MR. JUSTICE S VISHWAJITH SHETTY
                                     -2-
                                                     NC: 2025:KHC:44169
                                                WP No. 17150 of 2024


HC-KAR



                            ORAL ORDER

1. Judgment-debtor no.1 is before this Court in this writ

petition filed under Article 227 of the Constitution of India, with

a prayer to set aside the order dated 14.06.2024 passed in

Execution No.2453/2023 by the Court of XIV Addl. City Civil &

Sessions Judge, Bengaluru.

2. Heard the learned Counsel for the petitioner.

3. Respondent no.1 herein has filed Execution

No.2453/2023 for recovery of Rs.16,70,282/- against the

respondents who are judgment-debtors in proceedings bearing

Dispute No.DRB-1/CFS/97/2022-23 which was allowed by the

Deputy Registrar of Chits on 17.06.2023. In the said

proceedings, the Executing Court has issued attachment

warrant against the movables of the judgment-debtors.

Assailing the said order, judgment-debtor no.1 is before this

Court.

4. Learned Counsel for the petitioner submits that the

judgment-debtor is ready and willing to pay 50% of the

decreetal amount immediately and the balance would be paid if

NC: 2025:KHC:44169

HC-KAR

some time is granted. He submits that the order impugned has

caused untold hardship to the petitioner.

5. Perusal of the material on record would go to show that

the Executing Court on 20.01.2024 at the request of the

decree-holder has issued attachment warrant against the

movables of the judgment-debtors and the vide the order

impugned dated 14.06.2024, the said order is reiterated having

taken note of the fact that process fee has been paid by the

decree-holder.

6. From a perusal of the order sheet in Execution

No.2453/2023, it appears that order of issuing attachment

warrant against movables of the judgment-debtor is a

provisional order, and therefore, it is always open to the

judgment-debtors to file their statement and request the

Executing Court to raise the attachment.

7. Order XXI Rule 53 of CPC provides for adjudication of

claims or objections to attachment of property. A reading of the

said provision of law makes it very clear that whenever an

objection is raised to the attachment of any property sought to

NC: 2025:KHC:44169

HC-KAR

be attached in an execution proceedings, it is always open for

the judgment-debtor to bring to the notice of the court that

such property is not liable for attachment for the reasons put

forward by the judgment-debtor and in such an event, the

court shall proceed to adjudicate upon the claim/objection in

accordance with the provisions contained under Order XXI Rule

58 of CPC.

8. Undisputedly, the petitioner herein has not raised any

objection before the Executing Court seeking to raise the

attachment warrant issued against the movable property

belonging to him. Therefore, it is always open for the petitioner

to make a prayer as provided under Order XXI Rule 58 CPC,

and in such an event, the Trial Court shall consider the same on

merits and pass appropriate orders as provided under Order

XXI Rule 58 CPC. Petitioner is at liberty to raise such objection

by filing application before the Executing Court within a period

of four weeks from today and in the event such an application

is filed before the Executing Court, till the Executing Court

passes a final order with regard to attachment of movables of

the petitioner, no precipitative action shall be taken pursuant to

NC: 2025:KHC:44169

HC-KAR

the provisional order of attachment passed by the Executing

Court which is challenged in this petition.

9. With the above observations, this writ petition is disposed

of.

Sd/-

(S VISHWAJITH SHETTY) JUDGE

KK

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : IDRC

 
 
Latestlaws Newsletter