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2025 DAILYLAW 71247 (KAR)

M/S SHRI KRISHNA SANKALP PVT LTD v. KARNATAKA BANK LTD

WP/18690/2024 · 2025-12-17

Lalitha Kanneganti

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Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:53763 WP No. 18690 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 18690 OF 2024 (GM-DRT) BETWEEN: 1. M/S SHRI KRISHNA SANKALP PVT LTD REGD OFFICE AT NO.760 KRISHNA 1ST MAIN, 7TH BLOCK, 2ND PHASE, BSK III STAGE BANGALORE - 560 085 REPRESENTED BY ITS DIRECTOR SRI RAGHAVENDRA K A 2. RAGHAVENDRA K A S/O MR K N A RAO AGED ABOUT 62 YEARS 3. SMT SRILAKSHMI W/O SRI RAGHAVENDRA K A AGED ABOUT 60 YEARS PETITIONERS NO.2 AND 3 ARE RESIDING AT FLAT NO.1 AND 2, GROUND FLOOR, SHRI KRISHNA NISHI Digitally signed by MEGHA MOHAN Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:53763 WP No. 18690 of 2024 NO.445, 33RD CROSS, 7TH MAIN, OPP MEDIA CLUB, JAYANAGAR IV BLOCK BANGALORE - 560 011 …PETITIONERS (BY SRI. RANJAN KUMAR K., ADVOCATE) AND: KARNATAKA BANK LTD. REPRESENTED BY MANAGING DIRECTOR ASSET RECOVERY MANAGEMENT BRANCH, NO.39, 2ND FLOOR, ASYNV BHAVAN OPP. FKCCI BUILDING, KEMPEGOWDA ROAD BANGALORE - 560 009 …RESPONDENT (BY SMT. DIVYA PURANDAR, ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A) DIRECT THE BANK TO ACCEPT THE PROPOSAL PUT FORTH BY THE PETITIONERS UNDER THEIR LETTER DATED 25/06/2024 BY PROVIDING REASONABLE TIME TO THE PETITIONERS TO SETTLE THE DUE AMOUNT AS PROPOSED IN THEIR LETTER DATED 25/06/2024 FROM THE DATE OF RESPONDENTS ACCEPTANCE (ANNEXURE-F). THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI - 3 - HC-KAR NC: 2025:KHC:53763 WP No. 18690 of 2024 ORAL ORDER A memo is filed by the learned counsel for the petitioners seeking withdrawal of the writ petition stating that the writ petition may be disposed of as withdrawn. 2. Accordingly, the writ petition is dismissed as withdrawn i. All I.As. in this petition shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE SMC List No.: 1 Sl No.: 58