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2025 DAILYLAW 29670 (KAR)

M/S PAVITHRA PUBLIC SCHOOL v. M/S VARTHANA FINANCE PRIVATE LIMITED

WP/18241/2025 · 2025-07-01

S Sunil Dutt Yadav

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:23467 WP No. 18241 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 18241 OF 2025 (GM-RES) BETWEEN: 1. M/S PAVITHRA PUBLIC SCHOOL HEBBAGODI, BHAVANI ROAD ANEKAL TALUK-560099 REP BY ITS AUTHORIZED SIGNATORY / SECRETARY, SRI RAVINDRA K S/O SRI KUNJANNA AGED ABOUT 57 YEARS. 2. M/S PAVITHRA PUBLIC SCHOOL HEBBAGODI, BHAVANI ROAD ANEKAL TALUK - 560099 REP BY ITS AUTHORIZED SIGNATORY/SECRETARY, SRI RAVINDRA K S/O SRI KUNJANNA AGED ABOUT 57 YEARS. 3. SRI DHANALAKSHMI W/O SRI RAVINDRA K., AGED ABOUT 47 YEARS, R/A NO.631, 3RD CROSS, ANEKAL TALUK, HEBBAGODI BANGALURU - 560099. …PETITIONERS (BY SRI. SATISHA D J., ADVOCATE) AND: 1. M/S VARTHANA FINANCE PRIVATE LIMITED FORMERLY KNOWN AS THIRUMENI FINANCE PVT LTD., Digitally signed by VIDYA G R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:23467 WP No. 18241 of 2025 HAVING ITS REGISTERED OFFICE AT VARASIDDHI, 3RD FLOOR, 5 BC-110 SERVICE ROAD 3RD BLOCK, HRBR LAYOUT, BENGALURU - 560043 REP BY ITS AUTHORIZED SIGNATORY/MANAGER SMT. VEENA Y M REGISTERED UNDER K.C.S. ACT 1958. …RESPONDENT (BY SRI. SUBHASHCHANDRA HEDDURSHETTAR., ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE ACTION SALE NOTICE NO.SARFAESI/10/2025-26, DATED 21.5.2025 AS PER ANNEXURE-N, ISSUED BY THE RESPONDENT, VARTHANA FINANCE PRIVATE LIMITED. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV ORAL ORDER Learned counsel appearing for the respondent files a memo and states that the auction sale notice has not progressed due to absence of bidders. 2. The memo is taken on record. It reads as follows:- "It is submitted on behalf of the respondent that there are no valuable bidders for the sale auction notice dated 21.05.2025. Hence the above matter - 3 - HC-KAR NC: 2025:KHC:23467 WP No. 18241 of 2025 may be disposed off, in the interest of justice and equity." 3. In light of the memo filed and submission made, petition is disposed off as not calling for adjudication, reserving liberty to the petitioners, in the event any action is taken to avail of the statutory remedy. Sd/- (S SUNIL DUTT YADAV) JUDGE VGR