M/S SRIDEVI INFRA CONSTRUCTION PVT LTD., v. M/S CANARA BANK
WP/16757/2023 · 2026-02-12
Ashok S Kinagi
body2026
DailyLaw.ai
[ 2026 DAILYLAW 11148 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 11148 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 16757 OF 2023 C/W WRIT PETITION NO. 13660 OF 2023 (GM-DRT) IN WP No. 16757/2023
BETWEEN:
M/S SRIDEVI INFRA CONSTRUCTION PVT LTD. HAVING OFFICE AT NO 2345 GROUND FLOOR 12TH CROSS E BLOCK SAHAKARANGARA BENGALURRU 560 092 REP BY ITS MANAGING DIRECTOR SMT SRIDEVI B T W/O RAVISHANKAR AGED ABOUT 50 YEARS NO 101, ORCHID BLOCK 1ST FLOOR, ESTEEM GARDENIA SAHAKARNAGAR BENGALURU 560 092 THE COMPANY IS REGISTERED UNDER COMPANIES ACT 1956
…PETITIONER
(BY SRI.D.R.RAVISHANKAR, SR. COUNSEL FOR SRI. PRASHANTH H S., ADVOCATE)
AND:
1. M/S CANARA BANK
Digitally signed by KIRAN KUMAR R Location:
HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
ARM BRANCH I, 2ND FLOOR CIRCLE OFFICE, SPENCER TOWERS NO 86, M G ROAD, BENGALURU 560 001 REP BY ITS CHIEF MANAGER AUTHORIZED OFFICER SRI PRASHANTH PANDEY
2. THE MANAGING DIRECTOR ARMY WELFARE HOUSING ORGANISATION KASHMIR HOUSE, RAJAI MARG, NEW DELHI
(AMENDMENT IS OPEN COURT WITH LEAVE OF COURT ON 03.08.2023)
…RESPONDENTS
(BY SRI.VIGNESH SHETTY, ADVOCATE FOR R1;
SRI.AJAY KUMAR N., ADVOCATE FOR R2)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH E-AUCTION SALE NOTICE DATED 18/07/2023 BEARING NO. REF ARM-1/CR-391/455/2023/SS, ISSUED BY THE RESPONDENT HEREIN, VIDE ANNEXURE-A.
IN WP NO. 13660/2023
BETWEEN:
M/S SRIDEVI INFRA CONSTRUCTIONS PVT. LTD. HAVING OFFICE AT NO.2345 GROUND FLOOR, 12TH CROSS E BLOCK, SAHAKARANAGARA BENGALURU-560 092 REP BY ITS MANAGING DIRECTOR SMT B T SRIDEVI, W/O MR.RAVISHANKAR T S AGED ABOUT 48 YEARS
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
R/AT NO.101, 1ST FLOOR ORCHID BLOCK, ESTEEM GARDENIA SAHAKARA NAGARA BENGALURU-560 092
...PETITIONER
(BY SRI.D.R.RAVISHANKAR. SR. COUNSEL FOR SRI.H.S.PRASHANTH, ADVOCATE)
AND:
1. CANARA BANK HAVING OFFICE AT NO.86 ARM BRANCH, SPENCER TOWERS MG ROAD, BENGALURU-560 001
REP. BY ITS CHIEF MANAGER
2.
THE RECOVERY OFFICER-1 DEBT RECOVERY TRIBUNAL-2 RAJBHAVAN ROAD BENGALURU-560 001
...RESPONDENTS
(BY VIGNESH SHETTY, ADVOCATE FOR R1)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE WARRANT OF ATTACHMENT OF THE IMMOVABLE PROPERTY BEARING RC NO.1801/2018 DTD 20.1.2023 ISSUED BY THE R- 2 VIDE ANNEXURE-V AND ALL FURTHER PROCEEDINGS. THESE PETITIONS, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
ORAL ORDER
1. The petitioner, in both petitions, has filed a memo for withdrawal of the writ petitions, which read as follows:
IN WP No.16757 of 2023:
“MEMO FOR WITHDRAWL The Petitioner above named humbly prays that, as per the directions of this Hon’ble Court dated 15/12/2025 the Petitioner has submitted a representation dated 22/12/2025 to the 1st Respondent seeking to revive and reconsider the earlier OTS offer dated 18/08/2021 (Annexure - C). The 1st Respondent by way of order dated 06/01/2026, bearing No.ARM1/CR-391/762/2025-26, has rejected the request for revival and reconsideration of earlier OTS offer dated 16/08/2021. As such reserving liberty to challenge the said
order dated 06/01/2026 the present Writ Petition may be dismissed as withdrawn in the interest of justice and equity.
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
IN WP No.13660 of 2023:
“The Petitioner above named humbly prays that, the 2nd Respondent has issued warrant of attachment to the Schedule Property which is not mortgaged by the Petitioner. The Petitioner would file a detailed objection to warrant of attachment and impugned Sale Notice bearing No.RC No. 1801/2018, dated 18/05/2023 before the 2nd Respondent and the 2nd Respondent may be
directed to consider such objection and to pass appropriate orders on the same. Reserving such liberty the present Writ Petition may be dismissed as withdrawn in the interest of justice and equity.”
2. The Memos are placed on record.
3. The writ petitions are dismissed as withdrawn with the aforesaid liberty.
4. Meanwhile, the respondents are directed not to take any coercive steps against the petitioner for 15 days from today.
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HC-KAR NC: 2026:KHC:8885 WP No. 16757 of 2023 C/W WP No. 13660 of 2023
5. The amount in deposit, if any, is permitted to be withdrawn by the petitioner after due identification.
6. In view of the same, pending applications, if any, do not survive for consideration and are disposed of accordingly.
Sd/- (ASHOK S.KINAGI) JUDGE
RK List No.: 2 Sl No.: 11