Research › Search › Judgment

High Court of Karnataka · body

2025 DAILYLAW 19442 (KAR)

KAIZEN ENTERPRISES v. THE AUTHORIZED OFFICER

WP/6465/2025 · 2025-03-10

M Nagaprasanna

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - NC: 2025:KHC:10791 WP No. 6465 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 6465 OF 2025 (GM-DRT) BETWEEN: KAIZEN ENTERPRISES REPRESENTED BY ITS PROPRIETOR SHRI NADEEM N LATIF, AGE: 43, OCCUPATION: BUSINESS R/O PLOT NO. 58, REVENUE SURVEY NO. 552, VILLAGE KANABARGI, TALUKA AND DIST:BELGAUM, KARNATAKA-590 016 …PETITIONER (BY SRI. SANTOSH PUJARI, ADVOCATE) AND: THE AUTHORIZED OFFICER ICICI BANK, REGIONAL OFFICE RAJWADA CHOWK, SANGLI, MAHARASHTRA-416 416 …RESPONDENT (BY SRI. FRANCIS XAVIER, ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO ISSUE A WRIT IN THE NATURE OF CERTIORARI OR ANY OTHER WRIT OR ORDER, MODIFYING THE IMPUGNED ORDER DTD 27.02.2025 PASSED BY THE DEBTS RECOVERY TRIBUNAL-I, KARNATAKA, AT BENGALURU, ON I.A.NO.499/2025 IN S A NO. 137/2025 VIDE ANNEXURE-A. THIS PETITION, COMING ON FOR ORDERS THIS DAY, ORDER WAS MADE THEREIN AS UNDER: Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:10791 WP No. 6465 of 2025 CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER The petitioner is before this Court calling in question the auction of the subject property. 2. Learned counsel Sri Francis Zavier appearing for the respondent submits that auction has not taken place on the date of auction and the auction is pendente lite. Learned counsel for the petitioner submits that Rs.21 lakhs has already been deposited with the Bank in terms of the order of the Debts Recovery Tribunal. The same shall be taken note of by the Bank when they want to put the property for sale, yet again. Leaving open the remedy available to the petitioner, the Petition is disposed of as having become infructuous. Sd/- (M.NAGAPRASANNA) JUDGE BK : List No.: 1 Sl No.: 136