M/S YOJAKA (INDIA) PRIVATE LIMITED v. THE SECURED CREDITOR
WP/33070/2017 · 2025-12-10
E S Indiresh
body2025
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[ 2025 DAILYLAW 71005 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 71005 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2025:KHC:52345 WP No. 33070 of 2017
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO.33070 OF 2017 (GM-RES) BETWEEN:
1. M/S YOJAKA (INDIA) PRIVATE LIMITED DOOR NO.3/28/43, II FLOOR, ABCO TRADE CENTRE, NH 66, KOTTARA CHOWKI, MANGALURU-575006 REPRESENTED BY ITS MANAGING DIRECTOR, MR. JAGADISH BOLOOR. 2. MR. JAGADISH BOLOOR AGED ABOUT 56 YEARS, S/O LATE B. GOPALAKRISHNA SUVARNA, SIDDHI, FLAT NO.1006, 10TH FLOOR, ABHIMAN PALACE, OPP. CANARA HIGH SCHOOL, MANNAGUDDA, MANGALURU -575003. 3. MRS. BHARATHI JAGADISH BOLOOR AGED ABPIT 50 YEARS, W/O JAGADISH BOLOOR, SIDDHI, FLAT NO.1006, 10TH FLOOR, ABHIMAN PALACE, OPP. CANARA HIGH SCHOOL, MANNAGUDDA, MANGALURU -575003. Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2025:KHC:52345 WP No. 33070 of 2017
4. MR. B. VINAYKUMAR S/O LATE BABU SALIAN, AGED ABOUT 61 YEARS, 503, 5TH FLOOR, SESHA KAMAL, MATADAAKANI CROSS ROAD, GANDHI NAGAR, MANGALURU-575003. 5. MRS. SHASHIKALA VINAYKUMAR W/O B.VINAYKUMAR AGED ABOUT 61 YEARS, 503, 5TH FLOOR, SESHA KAMAL, MATADAAKANI CROSS ROAD, GANDHI NAGAR, MANGALURU-575003. 6. MR. DEVADAS B.
S/O LATE KRISHNAPPA BANGERA, AGED ABOUT 50 YEARS, NIYALI, D.NO.7-1-128/8 HALEMANE COMPOUND, NEAR SULTHAN BATHERY, BOLOOR, MANGALURU - 575 006. 7. MRS. RUMAVATHI K. MENDON W/O LATE KESHAVA MENDON, AGED ABOUT 80 YEARS, THAMI HOUSE,IDDYA VILLAGE, SURATHKAL, DAKSHINA KANNADA-575014. …PETITIONERS (BY SMT. SHOBHITH N. SHETTY, ADVOCATE)
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HC-KAR NC: 2025:KHC:52345 WP No. 33070 of 2017
AND:
1. THE SECURED CREDITOR CORPORATION BANK, PARADIGM PLAZA, NEAR A.B.SHETTY CIRCLE, PANDESHWAR, MANGALURU-575001. 2. BRANCH MANAGER CORPORATION BANK, PARADIGM PLAZA, NEAR A.B.SHETTY CIRCLE, PANDESHWAR, MANGALURU-575001. 3. THE CHAIRMAN AND MANAGING DIRECTOR CORPORATION BANK, HEAD OFFICE, PANDESHWARA, MANGALURU-575001. 4. THE RESERVE BANK OF INDIA REPRESENTED BY ITS GOVERNOR, DEPARTMENT OF BANKING SUPERVISION, CENTRAL OFFICE, CUFFE PARADE, COLOBA, MUMBAI-400005. 5. UNION OF INDIA REPRESENTED BY ITS SECRETARY TO THE DEPARTMENT OF WATER RESOURCES, RIVER DEVELOPMENT AND GANGA REJUVENATION, GOVT OF INDIA,
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HC-KAR NC: 2025:KHC:52345 WP No. 33070 of 2017
NEW DELHI-110011. 6. STATE OF KARNATAKA REPRESENTED BY ITS SECRETARY TO THE DEPARTMENT OF PWD, PORT AND IWT, M.S.BUILDING, AMBEDKAR VEEDI, BENGALURU - 560 001. 7. STATE OF GUJARAT REPRESENTED BY ITS SECRETARY TO THE DEPARTMENT OF WATER RESOURCES, WATER SUPPLY AND KALPSAR DEPARTMENT, NEAR M.T.B.COLLEGE, ATHWALINES, SURAT, GUJARAT-395001. 8.
STATE OF ASSAM REPRESENTED BY ITS SECRETARY TO THE DEPARTMENT OF WATER RESOURCES DIVISION,DISPUR, GAWAHATI, ASSAM-781001. …RESPONDENTS (BY SRI. V B RAVISHANKAR, ADVOCATE FOR R1;
SMT. ANUPAMA HEGDE, CGC., FOR R5;
SRI. MAHANTESH SHETTAR, AGA FOR R6;
R2 TO R4 ARE SERVED AND UNPRESENTED)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE PROCEEDINGS INITIATED BY THE RESPONDENTS NO. 1 TO 3 INVOKING THE PROVISIONS OF SEC. 13(2) OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT,
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HC-KAR NC: 2025:KHC:52345 WP No. 33070 of 2017
2002 (SARFAESI ACT FOR SHORT), VIDE NOTICE DATED 31.3.2017 AT ANNEX-A AS THE RESPONDENT BANK FIALED TO CONVENE THE MEETING OF JOINT LENDERS FORUM (JLF) AS ANNOUNCED BY RBI SO AS TO RESOLVE THE PROBLEM OF NPA; AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH
ORAL ORDER
The memo for withdrawal dated 30.07.2024 filed by the petitioner, is accepted.
Writ petition is disposed of as withdrawn.
SD/- (E.S.INDIRESH) JUDGE
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