- 1 - HC-KAR NC: 2025:KHC:53530 WP No. 32968 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 32968 OF 2024 (GM-DRT) BETWEEN: K LOKNATH NAIDU S/O LATE V KRISHNAM NAIDU AGED ABOUT 57 YEARS R/A NO. 11, RATNA VILAS ROAD BASAVANAGUDI BANGALORE- 560 004 …PETITIONER (BY SRI. D.R.RAVISHANKAR, SR. COUNSEL FOR SMT. SIRI RAJASHEKAR, ADVOCATE) AND: CANARA BANK BY ITS AUTHORIZED OFFICER/ SENIOR MANAGER LALBAGH WEST BRANCH Digitally signed by MEGHA MOHAN Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:53530 WP No. 32968 of 2024 NO.29, M M KRISHNA RAO ROAD BASAVANAGUDI BANGALORE 560 004 …RESPONDENT (BY SRI. VIGNESH SHETTY, ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO SET ASIDE THE AUCTION NOTICE DTD. 24.10.2024 AT ANNX-E ISSUED BY THE RESPONDENT IN RESPECT OF THE PROPERTY BEARING NO.9/3 WARD NO. 48 SITUATED AT LALBAGH MAIN ROAD, NEXT TO MTR HOTEL, BANGALORE- 560027 ALSO CALLED AS KISHNA TOWERS, NO. 9/3 LALBAGH MAIN ROAD, SUDHAM NAGAR, BANGALORE 560027. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI - 3 - HC-KAR NC: 2025:KHC:53530 WP No. 32968 of 2024 ORAL ORDER The present writ petition is filed seeking the following prayer: “(a) Issue a writ of appropriate nature to set aside the auction notice dated 24.10.2024, at Annexure-E, issued by the respondent in respect of the property bearing No.9/3 ward No.48 situated at Lalbagh main road, next to MTR hotel, Bangalore-560027, also called as Kishna Towers, No.9/3, Lalbagh main Road, Sudham Nagar, Bangalore-560027; and (b) Pass such other orders as this Hon'ble Court may deem fir and proper under the circumstances of the case, in the ends of justice and equity.” 2. On the last occasion i.e., on 09.12.2025 when the matter came up, the learned senior counsel appearing for the petitioner submitted that the petitioner is approaching the respondent/bank for ‘One Time Settlement’ and the petitioner will be withdrawing the petition on 15.12.2025. Learned senior counsel submits that they are waiting to settle the same with the bank by paying the entire amount through OTS. 3. Learned counsel appearing for the respondent/bank submits that if the petitioner comes up with a proposal, within one week from the date of proposal they will consider and it is - 4 - HC-KAR NC: 2025:KHC:53530 WP No. 32968 of 2024 also submitted that till two weeks from today they will not take any coercive steps in respect of the property involved in the writ petition. Hence, this Court deems it appropriate to pass the following: ORDER i. Accordingly, writ petition is disposed of. ii. All IA’s in this petition shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE PSJ List No.: 1 Sl No.: 34