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2025 DAILYLAW 28744 (KAR)

M/S JATOYAH INVESTMENTS AND HOLDINGS LTD v. KARNATAKA STATE FINANCIAL CORPORATION

WP/16347/2022 · 2025-03-18

M Nagaprasanna

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - NC: 2025:KHC:11302 WP No. 16347 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 16347 OF 2022 (GM-KSFC) BETWEEN: M/S JATOYAH INVESTMENTS AND HOLDINGS LTD. A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS OFFICE AT ALLIED 'A WING', 207/208 ST. JOHNS ROAD, PALI HILL BANDRA (WEST) MUMBAI - 400 050 REP. BY ITS AUTHORIZED PERSON SRI DINESH KUMAR M JAIN S/O LATE C. MISHRIMAL SHAH AGED ABOUT 47 YEARS R/AT VASAVI AVENUE NO.36/3 4TH FLOOR 11TH MAIN ROAD 5TH BLOCK, JAYANAGAR BENGALURU - 560 041 …PETITIONER (BY SRI. SAMPATH A., ADVOCATE) Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:11302 WP No. 16347 of 2022 AND: 1. KARNATAKA STATE FINANCIAL CORPORATION EST. UNDER STATE FINANCIAL CORPORATION ACT, 1951 HAVING ITS HEAD OFFICE AT KSFC BHAVAN, NO.1/1, THIMMAIAH ROAD NEAR CANTONMENT RAILWAY STATION BENGALURU - 560052 REP. BY ITS AUTHORIZED OFFICER / BRANCH MANAGER 2. AUTHORIZED OFFICER KARNATAKA STATE FINANCIAL CORPORATION BRANCH OFFICE AT 1ST FLOOR RAYKAR MANOR KAIKINI ROAD KARWAR - 581301 …RESPONDENTS (BY SRI. VINAYA KUMAR G S., ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE DEMAND NOTICE DTD.9.5.2022 BEARING O.KSFC/BO/KWR/157/2022-23 ISSUED BY THE R-2 VIDE ANNEXURE-G; DIRECT THE RESPONDENTS TO CONSIDER THE REQUEST OF THE PETITIONER AS PER LETTER DTD.6.7.2022 VIDE ANNEXURE-E AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - NC: 2025:KHC:11302 WP No. 16347 of 2022 CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER Learned counsel appearing for the petitioner files a memo seeking to withdraw the petition. The memo reads as follows: " MEMO FOR WITHDRAWAL The Undersigned on receipt of the letter dated 11.03.2025 addressed by the Petitioner instructing to withdraw the captioned petition as Petitioner is settling the outstanding dues with the Respondents. The original letter dated 11.03.2025 is enclosed with this memo. In view thereof, this Hon'ble court may be pleased to dismiss this petition as withdrawn in the light of the above, so as to meet the ends of justice and equity." 2. In terms of memo, the petition is disposed as withdrawn. Sd/- (M.NAGAPRASANNA) JUDGE KG List No.: 2 Sl No.: 24