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2026 DAILYLAW 15208 (KAR)

KARNATAKA STATE FINANCIAL CORPORATION v. SRI MUKUNDA REDDY

CRL.A/123/2019 · 2026-03-05

M G S Kamal

Criminal Appealbody2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:13753 CRL.A No. 123 of 2019 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL CRIMINAL APPEAL NO. 123 OF 2019 (A) BETWEEN: 1. KARNATAKA STATE FINANCIAL CORPORATION A BODY CORPORATE ESTABLISHED UNDER THE STATE FINANCIAL CORPORATION ACT, 1951, (CENTRAL ACT, NO.LXIII OF 1951) HAVING ITS HEAD OFFICE AT NO.1/1, THIMMAIAH ROAD, BANGALORE-560052 REPRESENTED BY ITS MANAGER (RECOVERY-I) T JAGANATHA …APPELLANT (BY SRI. KHYATH SHETTY, ADVOCATE FOR SRI. BIPIN HEGDE, ADVOCATE) AND: 1. SRI. MUKUNDA REDDY S/O LATE H.D.NARAYANA REDDY, MAJOR, R/AT NO.8/2-A-1, 8/2 AND 8/2-B DR AMBEDKAR VEEDHI, HEEBAGODI, NEAR BOMMASANDRA INDUSTRIAL AREA, ANEKAL TALUK, BANGALORE DISTRICT 2. M/S VARIJA ACQUA CULTURE PRIVATE LIMITED BEDAGAI HALDIPURA, HONNAVARA TALUK UTTARA KANNADA DISTRICT-581327 REPRESENTED BY ITS MANAGING DIRECTOR, SRI.B.R.SUBRAMANYA …RESPONDENTS THIS CRL.A IS FILED U/S 378(4) OF CR.P.C. (FILED U/S 419(4) BNSS) PRAYING TO SET ASIDE THE JUDGMENT DATED 31.07.2018 PASSED BY THE XX ADDL. CMM AT BANGALORE IN CC.NO.22940/2006 AND CONVICT THE RESPONDETS FOR THE OFFENCES P/U/S. 138 OF N.I. ACT. Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:13753 CRL.A No. 123 of 2019 THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL ORAL JUDGMENT 1. Learned counsel for the appellant has filed a Memo seeking leave of the Court to withdraw the appeal. 2. The memo dated 07.08.2023 is placed on record, which reads as under : "It is submitted that the appellant corporation has issued a letter dated 19.06.2023 stating that the respondent has paid the amount to the appellant corporation under One Time settlement-MCAR Scheme and further instructed to withdraw the above appeal filed by the corporation. The copy of the letter dated 19.06.2023 is enclosed along with this Memo. In view of the aforesaid facts the appellant corporation craves leave of this Hon'ble Court to withdraw the above appeal as not pressed in the interest of justice and equity." 3. In view of the submission made by the learned counsel for the appellant and the Memo, appeal is dismissed as withdrawn. SD/- (M.G.S. KAMAL) JUDGE RS/List No.: 1 Sl No.: 1