- 1 - HC-KAR NC: 2025:KHC:27994 WP No. 6300 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 6300 OF 2025 (GM-RES) BETWEEN: 1. MR. V B RAMESH S/O BHAGAVANTHA GUPTA.V.B, AGED AROUND 58 YEARS R/A. AKASH NAMANA, 10TH CROSS, SIT, VISHVESHWARAIAH LAYOUT, TUMAKURU, KARNATAKA 572102. ALSO AT FLAT NO 104, 1ST FLOOR, "M.V.ANNAPURNI PARADISE" MUNICIPAL NO.15(OLD NO.853, NO. 37TH F CROSS, 4TH T BLOCK, JAYANAGAR, BANGALORE 560041. (BORROWER 1) 2. MR.CHIRAN.R., S/O RAMESH.V.B. AGED AROUND 30 YEARS R/A. AKASH NAMANA, 10TH CROSS, SIT, VISHVESHWARAIAH LAYOUT, TUMAKURU, KARNATAKA 572102 ALSO AT FLAT NO 104, 1ST FLOOR, "M.V.ANNAPURNI PARADISE" MUNICIPAL NO.15 (OLD NO.853, NO. 37TH F CROSS, Digitally signed by PRAKASH N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:27994 WP No. 6300 of 2025 4TH T BLOCK, JAYANAGAR, BANGALORE-560041 (BORROWER 2) …PETITIONERS (BY SRI. V MOHAN., ADVOCATE) AND: 1. UNION BANK OF INDIA TUMAKURU BRANCH, KASTURI MANSION, BEHIND KRISHNA TALKIES, MG ROAD, TUMAKURU, KARNATAKA-572101. REPRESENTED BY ITS AUTHORIZED OFFICER CHIEF MANAGER (BANKING COMPANY REGISTERED UNDER BANKING REGULATIONS ACT, 1949) …RESPONDENT (BY SMT. DIVYA PURANDAR., ADVOCATE) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE RESPONDENT BANKS AUCTION SALE NOTICE DATED 03/02/2025 AS PUBLISHED IN THE NEW INDIAN EXPRESS DTD. (ANNEXURE-A) IN RESPECT OF SCHEDULE PROPERTY, SCHEDULING THE AUCTION SALE ON 11/03/2025 IN THE INTEREST OF JUSTICE AND EQUITY. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2025:KHC:27994 WP No. 6300 of 2025 CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV ORAL ORDER Learned counsel for the petitioner files a memo which reads as hereunder: 'The Advocate for Petitioner humbly submits that this Hon'ble Court may be pleased to dispose of the above writ petition as withdrawn with liberty for the petitioners to avail remedy under statutory provisions by approaching the Debt Recovery Tribunal, Bangalore and also with direction to Respondent - Bank not to precipitate the matter until the petitioners approach the Debt Recovery Tribunal, Bangalore and this memo may be taken on record in the interest of justice and equity." 2. Learned counsel for the respondent submits that the petitioner has not complied with the interim order. The said submission is taken on record. 3. In light of the memo filed by the petitioner, petition is disposed off granting liberty to the petitioner - 4 - HC-KAR NC: 2025:KHC:27994 WP No. 6300 of 2025 to avail of the substantive remedy before the DRT in accordance with law. Sd/- (S SUNIL DUTT YADAV) JUDGE VP