- 1 - HC-KAR NC: 2025:KHC:54620 WP No. 34465 of 2024 C/W WP No. 27338 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 34465 OF 2024 (GM-DRT) C/W WRIT PETITION NO. 27338 OF 2024 (GM-DRT) IN WP No. 34465/2024 BETWEEN: Y D RAVI S/O Y D RAGHAVACHARI AGED ABOUT 61 YEARS NO. 3138, 1ST CROSS, 19TH MAIN, VIJAYANAGARA 2ND STAGE, MYSURU 570017 PH NO. 9448220921/9632774151 PAN NO. AKYPR0511M EMAIL RAVIYD63511M EMAIL RAVIYD63@GMAIL.COM &PETITIONER (BY SRI. A.V.AMARNATHAN, ADVOCATE) AND: 1. CANARA BANK RMV EXTENSION BRANCH 3, 17TH CROSS ROAD NEAR JANATA BAZAAR UPPAR PLACE ORCHARDS SADASHIVANAGAR BENGLAURU 560 080 (REP BY ITS AUTHORIZED OFFICER DESIGNATED AS GENERAL MANAGER) EMAIL CB0888@CARABANK.COM 2. M/S SALUTARIS TECHNOLOGIES PVT LTD NO. 72, 5TH CROSS HIG COLONY DOLLARS COLONY SANJAYANAGAR Digitally signed by MEGHA MOHAN Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:54620 WP No. 34465 of 2024 C/W WP No. 27338 of 2024 RMV 2ND STAGE, BENGALURU 560 094 CIN U24231KA2009PTC049479 REG NO. 049479 DOI 30.3.2009 A COMPANY REGISTERED UNDER THE COMPANIES ACT (REP BY ITS DIRECTOR ) 3. MR.AKSHAY H URAL S/O MR.HARIKRISHNA URAL AGED ABOUT 38 YEARS, NO.52, SALIGRAMA, 16TH CROSS, 5TH MAIN AECS LAYOUT, 2ND STAGE, SANJAY NAGAR, BENGALURU- 56004 4. MRS PRAKRTIY N D/O MR. NARAYAN SARANGAN AGED ABOUT 38 YEARS NO.72, 8TH CROSS HIG COLONY DOLLARS COLONY SANJAY NAGAR RMV CLUB RMV EXTN. II STAGE BENGALURU 560 094 5. SHREEDHAR K S S/O MR. SHREERAMAMURTHY AGED ABOUT 38 YEARS NO. 106, 1ST FLOOR, NO 29/1 VINAY ENCLAVE APTS SANJAY NAGAR, BHOOPASANDRA BENGALURU 560 094 5. SHREEDHAR.K.S S/O MR. SHREERAMAMURTHY AGED ABOUT 38 YEARS, NO.106, 1ST FLOOR, NO.29/1 VIJAY ENCLAVE APTS, SANJAY NAGAR, BHOOPASANDRA BENGALURU- 560094 6. MR. MURARI NARAYANAN S/O NARAN S AGED ABOUT 38 YEARS 12 A BLOCK, SANJAY NAGAR BENGALURU 560 094 &RESPONDENTS (BY SRI. HEMANTH R. RAO., ADVOCATE FOR R1) - 3 - HC-KAR NC: 2025:KHC:54620 WP No. 34465 of 2024 C/W WP No. 27338 of 2024 THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE SALE NOTICE DTD. 29.11.2024 ISSUED BY THE RESPONDENT BANK THROUGH ITS AUTHORIZED OFFICER IN RESPECT OF SCHEDULE PROPERTY VIDE ANNX-B DTD. 29.11.2024 AS FAR AS PETITIONER PROPERTY IS CONCERNED. IN WP NO. 27338/2024 BETWEEN: Y. D. RAVI S/O Y D RAGHAVACHARI, AGED ABOUT 61 YEARS NO. 3138, 1ST CROSS, 19TH MAIN, VIJAYANGARA 2ND STAGE, MYSURU-570017 PH.NO 9448220921/9632774151 PAN NO AKYPR0511M EMAILRAVIYD63 at GMAIL.COM ...PETITIONER (BY SRI. A.V.AMARNATHAN, ADVOCATE) AND: 1. CANARA BANK RMV EXTENSION BRANCH NO.3, 17TH CROSS ROAD, NEARJANATA BAZAAR, UPPAR PLACE ORCHARDS, SADASHIVNAGAR, BENGALURU-560080 (REP. BY ITS AUTHORIZED OFFICER DESIGNATED AS GENERAL MANAGER) EMAIL CB0888@CANARABANK.COM 2. M/S SALUTARIS TECHNOLOGIES PVT LTD. NO. 72, 5TH CROSS, H I G COLONY DOLLARS COLONY, SANJAYANAGAR RMV 2ND STAGE, BENGALURU 560094 CIN.U24231KA2009PTC049479 REG NO..049479 DOI.30.3.2009 A COMPANY REGISTERED UNDER THE COMPANIES ACT (REP. BY ITS DIRECTOR) - 4 - HC-KAR NC: 2025:KHC:54620 WP No. 34465 of 2024 C/W WP No. 27338 of 2024 3. MR. AKSHAY H URAL S/O MR. HARIKRISHNA URAL AGED ABOUT 38 YEARS NO. 52, SALIGRAMA 16TH CROSS, 5TH MAIN, AECS LAYOUT 2ND STAGE, SANJAY NAGAR, BENGALURU -560094 4. MRS. PRAKRITY N D/O MR. NARAYAN SARANGAN AGED ABOUT 38 YEARS NO.72, 8 CROSS, HIG COLONY, DOLLARS COLONY, SANJAY NAGAR, RMV CLUB, RMV EXTN. II STAGE BENGALURU - 560094 5. SHREEDHAR KS S/O MR.SHREERAMAMURTHY AGED ABOUT 38 YEARS NO 106, 1ST FLOOR, NO.29/1 VIJAY ENCLAVE APTS, SANJAY NAGAR, BHOOPASANDRA BENGALURU -560094 6. MR. MURARI NARAYANAN S/O NARAYAN S AGED ABOUT 38 YEARS 12 A BLOCK, SANJAY NAGAR, BENGALURU -560094 ...RESPONDENTS (BY SRI. HEMANTH R. RAO.,ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE SALE NOTICE DATED: 26.09.2024 ISSUED BY THE RESPONDENT BANK THROUGH ITS AUTHORIZED OFFICER IN RESPECT OF SCHEDULE 3 PROPERTY VIDE ANNEXURE-K DATED:26.09.2024, AS FAR AS PETITIONER PROPERTY IS CONCERNED DISCHARGE THE PETITIONERS PROPERTY AS THE PETITIONER HAS RESIGNED AS DIRECTOR ON 17.03.2022 ITSELF AS PER ANNEXURE-A DATED: 17.03.2022 DISCHARGE THE PETITIONERS PROPERTY AS BARROWER PROPERTY VALUE IS MORE THAN SUFFICIENT TO DISCHARGE ENTIRE BANK LOAN AMOUNT DIRECT THE R-1 BANK TO RETURN THE ORIGINAL SALE DEED COPY OF THE PETITIONERS PROPERTY NO. 3. 3. THESE PETITIONS, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 5 - HC-KAR NC: 2025:KHC:54620 WP No. 34465 of 2024 C/W WP No. 27338 of 2024 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER A memo is filed by the learned counsel for the petitioner seeking permission to withdraw the writ petition stating that the issue between the borrower and the respondent-bank is amicably settled out of the Court. 2. The memo is taken on record. 3. Accordingly, the writ petition is dismissed as withdrawn. 4. All I.As. in this petition shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE RJ List No.: 1 Sl No.: 14