M/S PRASIDDHI PROPERTIES PRIVATE LIMITED, v. THE AUTHORIZED OFFICER / ASSISTANT GENERAL MANAGER, KARNATAKA BANK LTD.,
WP/26060/2024 · 2025-12-15
Lalitha Kanneganti
body2025
DailyLaw.ai
[ 2025 DAILYLAW 86137 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 86137 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2025:KHC:53597 WP No. 26060 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. 26060 OF 2024 (GM-DRT) BETWEEN:
1. M/S. PRASIDDHI PROPERTIES PRIVATE LIMITED, A COMPANY REGISTERED UNDER THE COMPANY ACT 1956 REGISTERED OFFICE AT NO.2535 1ST FLOOR, 9TH ‘A’ CROSS, 15TH MAIN E BLOCK, SAHAKARANAGARA BENGALURU - 560 092
REPRESENTED BY ITS DIRECTOR SRI K SUBRAMANYA RAJU S/O LATE KONDULU CHENGAMMA RAJU AGED ABOUT 66 YEARS. 2. SRI K SUBRAMANYA RAJU S/O LATE KONDULU CHENGAMMA RAJU AGED ABOUT 66 YEARS DIRECTOR OF M/S. PRASIDDHI PROPERTIES PRIVATE LIMITED REGISTERED OFFICE AT NO.2535, 1ST FLOOR, 9TH A CROSS, 15TH MAIN, ’E’ BLOCK, SAHAKARANAGARA BENGALURU - 560 092. 3. SMT. K NALINI W/O SRI K SUBRAMANYA RAJU AGED ABOUT 56 YEARS
Digitally signed by MEGHA MOHAN Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2025:KHC:53597 WP No. 26060 of 2024
DIRECTOR OF M/S. PRASIDDHI PROPERTIES PRIVATE LIMITED REGISTERED OFFICE AT NO.2535, 1ST FLOOR, 9TH ‘A’ CROSS, 15TH MAIN, E BLOCK, SAHAKARANAGARA BENGALURU - 560 092 ...PETITIONERS (BY SRI.ASHWIN KUMAR H., ADVOCATE)
AND:
THE AUTHORIZED OFFICER / ASSISTANT GENERAL MANAGER, KARNATAKA BANK LTD., ASSET RECOVERY MANAGEMENT BRANCH, 1ST FLOOR, FKCCI BUILDING KEMPEGOWDA ROAD BENGALURU- 560 009. ...RESPONDENT
THIS PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE SALE NOTICE ISSUED BY THE RESPONDENT IN RESPECT OF SCHEDULE PROPERTY DATED 12.09.2024 PRODUCED AT ANX-E IN SO FAR AS PETITIONER IS CONCERNED. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI
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HC-KAR NC: 2025:KHC:53597 WP No. 26060 of 2024
ORAL ORDER
The present writ petition is filed seeking the following prayer:
“Wherefore this Hon'ble court may be pleased to
a) Issue a writ of Certiorari quashing the sale notice issued by the respondent in respect of schedule property dated 12/09/2024 produced at Annexure-E in so far as petitioner is concerned. B) Such further and other reliefs as this Hon'ble court may consider fit and proper in the facts and circumstances of the case;”
The auction was conducted by the Bank and the same was upheld by the DRT. In that view of the matter this writ petition has become infructuous.
Accordingly, the Writ petition is dismissed as infructuous. All pending I.As., in the petition shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE
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