Research › Search › Judgment

High Court of Karnataka · body

2025 DAILYLAW 40421 (KAR)

M/S NEPTUNE TRAVELS INDIA PRIVATE LIMITED v. YES BANK LIMITED

WP/12314/2024 · 2025-09-02

B M Shyam Prasad

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:34218 WP No. 12314 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF SEPTEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 12314 OF 2024 (GM-RES) BETWEEN: 1. M/S NEPTUNE TRAVELS INDIA PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISION OF COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT NO.49, SUBBARAMA CHETTY ROAD, NR COLONY BASVANGUDI BANGALORE-560004. REP. BY ITS MR. HARINDER KUMAR AGARWAL 2. MR. HARINDER KUMAR AGARWAL AGED ABOUT 59 YEARS, S/O MR. MADAN SWAROOP AGARWAL R/AT NO.157, 8TH MAIN, GIRINAGAR 3RD PHASE BANGALORE-560085. 3. MRS. UMA AGARWAL AGED ABOUT 58 YEARS, W/O MR. HARINDER KUMAR AGARWAL R/AT NO.157, 8TH MAIN GIRINAGAR 3RD PHASE, BANGALORE-560085. 4. MRS. MONICA AGARWAL AGED ABOUT 30 YEARS, D/O OF MR. HARINDER KUMAR AGARWAL R/AT F-806, RIXTON BLOCK DIVYASHREE, Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:34218 WP No. 12314 of 2024 ELAN HOMES KAIKONDRAHALLI, BANGALORE-560035. …PETITIONERS (BY SRI. KANCHAN S., ADVOCATE) AND: YES BANK LIMITED PRESENTLY KNOW AS J C FLOWERS ASSETS RECONSTRUCTION PVT. LTD., HAVING ITS BRANCH OFFICE, AT GROUND FOOR, PRESTIGE OBELICK MUNICIPAL NO.3, KASTURBA ROAD, BENGALURU-560001. REP. BY OFFICE AND AUTHORIZED MR. SHARATHKUAMR P. …RESPONDENT (BY SRI. VIGNESH S. SHETTY, ADVOCATE SRI. V. SURESH, ADVOCATE [VAKALATH FILED NOC NOT OBTAINED) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE ORDER PASSED BY THE HONBLE XI ADDL. CHIEF METROPOLITAN MAGISTRATE COURT BANGALORE IN CRI MSC NO. 50229/2022 ORDER DATED 24/03/2023 UNDER SECTION 14 TO - 3 - HC-KAR NC: 2025:KHC:34218 WP No. 12314 of 2024 OBTAINED THE PHYSICAL POSSESSION OF THE SCHEDULE PROPERTY AS UNDER ANNEXURE-A. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD ORAL ORDER The learned counsel for the petitioners has filed a memo for withdrawal of the petition but without explaining the reasons to seek liberty. Hence, the petition stands dismissed as withdrawn without any liberty. Sd/- (B M SHYAM PRASAD) JUDGE RB