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2025 DAILYLAW 39911 (KAR)

M/S SREEDEVI INFRA CONSTRUCTION PVT LTD v. M/S CANARA BANK

WP/17524/2022 · 2025-12-10

E S Indiresh

body2025

Judgment text

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- 1 - HC-KAR NC: 2025:KHC:52344 WP No. 17524 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO. 17524 OF 2022 (GM-RES) BETWEEN: M/S. SREEDEVI INFRA CONSTRUCTION PVT LTD HAVING ITS OFFICE AT NO.2345 GROUND FLOOR, 12TH CROSS 'E' BLOCK SAHAKARANAGAR BENGALURU - 560092 REPRESENTED BY ITS MANAGING DIRECTOR MRS. SRIDEVI B.T. W/O RAVI SHANKAR T.S. AGED ABOUT 46 YEARS. …PETITIONER (BY SMT. KAVITHA D., ADVOCATE) AND: M/S CANARA BANK HAVING ITS OFFICE AT NO .86, ARM BRANCH - I SPENCER TOWERS BENGALURU - 560001 IFSC CNRB0007952 REP BY ITS AUTHORIZED OFFICER. …RESPONDENT (BY SRI. SHETTY VIGNESH SHIVARAM, ADVOCATE FOR C/R) Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:52344 WP No. 17524 of 2022 THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED OTS WITHDRAWAL LETTER ISSUED BY THE RESPONDENT BANK ON 18.01.2022 VIDE ANNEXURE-AE GIVEN BY THE RESPONDENT ON 18.01.2022 REF: ARMB-1/CR 391/032/2022/AK REGARDING OTS TO THE PETITIONER; AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER 1. In this writ petition, petitioner is assailing the letter dated 18.01.2022 issued by the respondent - Bank, withdrawing the sanction granted to the petitioner with regard to One Time Settlement Scheme, produced at Annexure-AE to the writ petition. 2. In view of the Judgment of the Hon'ble Supreme Court in the case of "THE BIJNOR URBAN CO-OPERATIVE BANK LIMITED, BIJNOR & OTHERS Vs. MEENAL AGARWAL & OTHERS" reported in AIR 2022 SC 56, this Court declines to express any - 3 - HC-KAR NC: 2025:KHC:52344 WP No. 17524 of 2022 opinion with regard to the OTS Scheme and accordingly, no interference is called for in this writ petition. 3. Accordingly, the writ petition is disposed of. 4. In view of disposal of the main matter, the pending I.As. are disposed of as not surviving for consideration. SD/- (E.S.INDIRESH) JUDGE sac List No.: 1 Sl No.: 11