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2025 DAILYLAW 27620 (KAR)

SRI K V RANGASWAMY v. SRI GURU RAGHAVENDRA SAHAKARA BANK NIYAMITHA

WP/15846/2025 · 2025-06-05

S Sunil Dutt Yadav

body2025

Judgment text

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- 1 - HC-KAR NC: 2025:KHC:19047 WP No. 15846 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF JUNE, 2025 BEFORE THE HON'BLE MR JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 15846 OF 2025 (GM-RES) BETWEEN: SRI K V RANGASWAMY S/O LATE K.V.RANGASWAMY R/AT 98/3, SITE NO.46, KATHA NO.356/11, WARD NO.53, MEDAHALLI VILLAGE, BASAVANAPURA, BIDDRAHALLI HOBLI, K.R.PURAM, BENGALURU - 560 049. …PETITIONER (BY SRI. NAGARAJA H.R.,ADVOCATE) AND: SRI GURU RAGHAVENDRA SAHAKARA BANK NIYAMITHA BANK NIYAMITHA NO.15, SUBBARMA CHETTY ROAD, NETTAKALLPPA CIRCLE, BASAVANGUDI, BANGALORE - 560 004. REP. BY ITS AUTHORIZED OFFICER …RESPONDENT (BY SRI. VIKRAM UNNI RAJAGOPAL., ADVOCATE) THIS WP IS FILED UNDER ARTICLE 226 & 227 OF CONSTITUTION OF INDIA, PRAYING TO A. TO ISSUE WRIT OF CERTIORARI OR ANY OTHER APPROPRIATE WRIT OR ORDER QUASHING THE SALE NOTICE DATED 28.04.2025 ISSUED BY THE RESPONDENT COOPERATIVE BANK IN NO.SGR/AZ/235/L- 618-627/2025-2026 UNDER THE SECURITIZATION ACT AND Digitally signed by VIJAYA P Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:19047 WP No. 15846 of 2025 RULE 8(6) OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002, WHICH IS PRODUCED AT ANNEXURE-A. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE S SUNIL DUTT YADAV ORAL ORDER Learned counsel Sri Vikram Unni Rajagopal undertakes to appear for the respondent - Bank. It is submitted that the proposed sale could not progress in light of absence of bidders. In light of the same, taking note of the memo filed, petition is dismissed. All contentions are kept open. Sd/- (S SUNIL DUTT YADAV) JUDGE DHA List No.: 1 Sl No.: 28