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2025 DAILYLAW 30283 (KAR)

SRI B H SRIDHARA v. INDIAN OVERSEAS BANK

WP/19766/2024 · 2025-06-30

S Sunil Dutt Yadav

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Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:22945 WP No. 19766 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 30TH DAY OF JUNE, 2025 BEFORE THE HON'BLE MR JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 19766 OF 2024 (GM-RES) BETWEEN: 1. SRI B H SRIDHARA S/O B C HALAPPA, AGED ABOUT 64 YEARS, R/AT BASAVANAHALLI VILLAGE, BANAVARA HOBLI, ARASIKERE TALUK, HASSAN DISTRICT-573112 SENIOR CITIZEN NOT CLAIMED. …PETITIONER (BY SRI. SAGAR B B., ADVOCATE) AND: 1. INDIAN OVERSEAS BANK INCORPORATED UNDER THE COMPANIES ACT, HAVING ITS REGISTERED OFFICE AT NO.763, ANNA SALAI CHENNAI-600002 AND A BRANCH AT NEAR BUS STAND, B H ROAD, ARASIKERE-573103 HASSAN, REPRESENTED HEREIN BY ITS ASSISTANT MANAGER AND ITS AUTHORIZED OFFICER, MR RAGHUPATHRUNI BALAJI, ASSISTANT MANAGER. 2. M/S SHEELA BRICK INDUSTRIES, REPRESENTED BY ITS PROPRIETOR, MR. RAJASHEKARA, S/O RAMAIAH, R/AT BASAVANAHALLI VILLAGE, Digitally signed by VIDYA G R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:22945 WP No. 19766 of 2024 BANAVARA HOBLI, ARASIKERE TALUK, HASSAN DISTRICT-573112 PROPRIETARY CONCERN. …RESPONDENTS (BY SRI. M R SHASHIDHAR., ADVOCATE FOR C/R1 IN CP 9251/24 & 12683/24 R2. M/S SHEELA BRICK INDUSTRIES, REP BY ITS PROPRIETOR- SERVED) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED PUBLIC / SALE NOTICE DTD. 07.07.2024 PUBLISHED IN VIJAVANI KANNADA DAILY NEWS PAPER HASSAN EDITION, UNDER WHICH E AUCTION IS TO BE HELD ON 29.07.2024 FOR SALE OF THE PETITION SCHEDULE PROPERTY AS PER ANNX-D. 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 for the respondent - Bank files a memo and submits that sale notice dated 07.07.024 could not be pursued to a logical end in light of lack of bidders. 2. In light of the said submission, petition is disposed off as not calling for adjudication. Respondent - - 3 - HC-KAR NC: 2025:KHC:22945 WP No. 19766 of 2024 Bank not to take precipitative steps for a period of two weeks from today. All contentions are kept open. Sd/- (S SUNIL DUTT YADAV) JUDGE VP