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2025 DAILYLAW 46207 (KAR)

M/S GSK PROJECTS AND ENGINEERING v. CANARA BANK

WP/5600/2025 · 2025-02-25

R Devdas

body2025

Judgment text

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- 1 - NC: 2025:KHC:8402 WP No. 5600 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 25TH DAY OF FEBRUARY, 2025 BEFORE THE HON'BLE MR JUSTICE R DEVDAS WRIT PETITION NO. 5600 OF 2025 (GM-RES) BETWEEN: M/S GSK PROJECTS AND ENGINEERING PRIVATE LIMITED NO 530, 15TH MAIN 1ST BLOCK 3RD STAGE, MANJUANTH NAGAR BENGALURU 560010 KARNATAKLA REP BY ITS MANAGING DIRECTOR MR GIRISH RAMESHWARAPPA S/O RAMESHWARAPPA G AGED ABOUT 55 YEARS R/AT NO 4, 2ND FLOOR, 9TH CROSS MAHALAXMI LAYOUT, FURTHER EXTENSION BENGALURU 560086 SHED NO 2/1, SY NO 27/2 RAMAIAH INDUSTRIAL AREA HEROHALLI CROSS, MAHADESWAR NAGAR VISHWANEEDAM POST BENGALURU 560091 …PETITIONER (BY SMT. SYEDA SHEHNAZ., ADVOCATE FOR SRI. BALAKRISHNA V.,ADVOCATE) AND: 1. CANARA BANK ASSETS RECOVERY MANAGER II 2ND FLOOR, SPENCER TOWERS Digitally signed by KRISHNAPPA LAXMI YASHODA Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:8402 WP No. 5600 of 2025 NO 86, MG ROAD BANGALURU 560001. 2. THE GENERAL MANAGER CANARA BANK HEAD OFFICE J C ROAD, BANGALORE 560002. …RESPONDENTS (BY SRI.LOKESH K.V., ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 & 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED SALE NOTICE DATED 7TH FEBRUARY 2025, U/SEC. 13 (4) OF THE SARFAESI ACT 2002, R/W RULE 8 (6) AND (9) OF THE SECURITY INTEREST (ENFORCEMENT) RULES, 2002 ANNEXURE-A, AGAINST THE SCHEDULE IMMOVABLE PROPERTY AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE R DEVDAS ORAL ORDER Sri K.V.Lokesh, learned Counsel has entered appearance for the respondents. Learned Counsel for the respondents submits that the prayer made in the writ petition has become infructuous, since the auction was not - 3 - NC: 2025:KHC:8402 WP No. 5600 of 2025 held in terms of the impugned sale notice dated 07.02.2025. 2. Learned Counsel for the petitioner seeks leave of this Court to withdraw the writ petition and file a fresh petition, if the respondents proceed to take action any further. 3. The submission of the learned Counsel for the petitioner is placed on record. 4. The writ petition is accordingly dismissed as withdrawn while reserving liberty as prayed for. Sd/- (R DEVDAS) JUDGE JT/- CT: JL