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2025 DAILYLAW 57784 (KAR)

VANANAM VENTURES PRIVATE LIMITED v. ICICI BANK LIMITED

WP/14317/2023 · 2025-07-22

S Sunil Dutt Yadav

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:27565 WP No. 14317 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 22ND DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 14317 OF 2023 (GM-RES) BETWEEN: VANANAM VENTURES PRIVATE LIMITED BEING A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT 2013, HAVING ITS REGISTERED OFFICE AT NO.27, IST MAIN ROAD, 2ND BLOCK, JAYANAGAR, BANGALORE - 560 011. REPRESENTED BY ITS DIRECTOR, MR. RAGHAV INANI. …PETITIONER (BY SMT. NAYANA TARA B.G, ADVOCATE) AND: 1. ICICI BANK LIMITED HAVING ITS BRANCH AT 91/1, INFANTRY ROAD, TASKER TOWN, SHIVAJI NAGAR, BANGALORE - 560 001. REPRESENTED BY ITS MANAGER. 2. OFFICE OF THE DIRECTOR GENERAL OF POLICE STATE CYBER CRIME CELL, CID CRIME, 7TH FLOOR, BLOCK 2, KARMAYOGI BHAVAN, SECTOR 10A, GANDHINAGAR - 382 010. Digitally signed by PRAKASH N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:27565 WP No. 14317 of 2023 3. CYBER CRIME POLICE STATION OFFICE OF THE POLICE INSPECTOR, NEAR IGP OFFICE, DUMAS ROAD, ATHWALINES, SURAT CITY - 395 001. …RESPONDENTS (BY SRI. RAMAKRISHNAN S, ADVOCATE FOR R1; SRI. SHAMANTH NAIK, AGA FOR R2 AND R3) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECTION OF SIMILAR NATURE DECLARING THAT ACTION OF RESPONDENTS IN IMPOSING A DEBIT FREEZE ON THE PETITIONER CURRENT ACCOUNT BEARING NO. 625205021731 MAINTAINED IN R-1 BANK IS ILLEGAL ARBITRARY DISPROPORTIONATE AND IN VIOLATION OF FUNDAMENTAL RIGHTS OF THE PETITIONER. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV ORAL ORDER Learned counsel for the petitioner has filed a memo of withdrawal which reads as hereunder: "The Petitioner above named intends to withdraw the above Writ Petition since the same has become infructuous as the account of the Petitioner has become operational since and there is no debit freeze subsisting. - 3 - HC-KAR NC: 2025:KHC:27565 WP No. 14317 of 2023 Wherefore it is prayed that this Hon'ble Court be pleased to dismiss the above Writ Petition was having been withdrawn, in the interest of justice." In light of the same, petition is dismissed as not calling for any adjudication. Sd/- (S SUNIL DUTT YADAV) JUDGE DHA List No.: 1 Sl No.: 135