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2025 DAILYLAW 67459 (KAR)

M/S B R ELECTRICALS AND HOME APPLIANCES v. M/S CANARA BANK

WP/22376/2025 · 2025-08-14

B M Shyam Prasad

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:31592 WP No. 22376 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14TH DAY OF AUGUST, 2025 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 22376 OF 2025 (GM-RES) BETWEEN: 1. M/S B R ELECTRICALS AND HOME APPLIANCES REPRESENTED BY ITS PROPRIETOR, SRI. M. BALARAJU, S/O. MUNIYELLAPPA, AGED ABOUT 66 YEARS, R/AT NO.E-29, 0-21, NEAR GOVERNMENT SCHOOL, IGGALUR, CHANDAPURA, ANEKAL, BENGALURU 560 099. 2. SRI. LAKSHMAIAH, S/O. MUNISWAMAPPA, AGED ABOUT 56 YEARS, R/AT NO.E-31-0-23, IGGALUR, NEAR VENUGOPALASWAMY TEMPLE, CHANDAPURA, ANEKAL, BENGALURU - 560 099. …PETITIONERS (BY SMT. KAVITHA D.,ADVOCATE) AND: M/S CANARA BANK CONSTITUTED UNDER THE Digitally signed by VANAMALA N Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:31592 WP No. 22376 of 2025 BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 ON JULY 19, 1969) ASSET RECOVERY MANAGEMENT BRANCH-I, BENGA NO. 86, SPENCER TOWER, M.G. ROAD, BENGALURU - 560 001. IFSC CODE CNRB0CO7575 REPRESENTED BY ITS AUTHORIZED OFFICER MANAGER. …RESPONDENT (BY SMT.SOWBHAGYA N. A., ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A) ISSUE WRIT OF MANDAMUS TO THE RESPONDENT BANK TO CONSIDER THE REPRESENTATION DATED 30-06-2025 VIDE ANNEXURE-S, TILL SUCH TIME NOT TO TAKE ANY FURTHER ACTIONS AGAINST THE SCHEDULE PROPERTIES. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD - 3 - HC-KAR NC: 2025:KHC:31592 WP No. 22376 of 2025 ORAL ORDER The petitioners seek for directions to the respondent to consider its representation for One Time Settlement, and Smt Sowbhagya N A, the learned counsel who is on caveat for the respondent- Bank, submits that the representation is considered and rejected vide Order dated 30.06.2025. This Court must observe that the petition is rendered infructuous, and therefore, without prejudice to the petitioners' remedy, the petition stands disposed of as having become infructuous. Sd/- (B M SHYAM PRASAD) JUDGE AN/-