Arbitration and Civil Remedies Prevail Over Writ in Loan Recovery Case: Karnataka HC

Muthoot Finance Ltd Vs Dr. S Shobha (Karnataka High Court) The appeals before the Karnataka High Court arose from a common order dated 28 February 2024 passed by a Single Judge in three writ petitions filed by the respondent, who appeared in person. The petitions were directed against a private finance company in relation to three gold loans availed by the respondent. The loans were for amounts of ₹15,00,100, ₹4,65,000, and ₹4,15,000. Upon default in repayment, the financier issued notices to auction the pledged gold. The respondent challenged these actions through writ petitions, seekin...