Research › Search › Judgment

High Court of Karnataka · body

2026 DAILYLAW 17574 (KAR)

M/S KML CHEMICALS PVT LTD v. AUTHORISED OFFICER

WP/17611/2022 · 2026-03-05

Lalitha Kanneganti

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:13515 WP No. 17611 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF MARCH, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 17611 OF 2022 (GM-DRT) BETWEEN: 1. M/S KML CHEMICALS PVT LTD REP BY MANAGING DIRECTOR SRI S KANNAN S/O LT SINNU NO 130, 3RD FLOOR MARIYAMMA TEMPLE ROAD VODDARAPALYA HARAGADDE PST JIGANI ANEKLA TALUK BANGALORE 562106 2. SRI S KANNAN S/O LT S SINNU AGED 51 YEARS MANAGING DIRECTOR OF M/S KML CHEMICALS PVT LTD NO 100, MARIYAMMA TEMPLE ROAD VODDARAPALYA HARAGADDE POST JIGANI ANEKAL TALUK BENGALURU 562106 …PETITIONERS (BY SRI. JAGAN MOHAN M T., ADVOCATE - ABSENT) Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:13515 WP No. 17611 of 2022 AND: 1. AUTHORISED OFFICER CANARA BANK (ARM BRANCH) # II FLOOR CIRCLE OFFICE SPENCER TOWERS NO 86, M G ROAD BENGALURU 560001 2. THE KARNATAKA INDSUTRIAL AREA DEVELPMENT AUTHORITY REP BY ITS DEVELOMENT OFFICER HAVING ITS ZONAL OFFICE AT MARUTHI GROUPS BUILDING 2ND FLOOR, SIT COLLEGE MAIN GATE B H ROAD TUMKURU 572103 …RESPONDENTS (BY SRI. VIGNESH SHETTY,ADVOCATE FOR R1; SRI. ASHOK N. NAYAK, ADVOCATE FOR R2) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH BOTH IMPUGNED SALE AUCTION NOTICES DTD 10.08.2022 ISSUED BY THE R1 BANK VIDE ANNEXURE-A AND B UNDER THE PROVISIONS OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (ACT 54/2002) FOR ENFORCEMENT OF INTEREST IS EXCESSIVE, ILLEGAL AND UNSUSTAINABLE, AND QUASH BY ISSUING THE WRIT. THIS PETITION, COMING ON FOR DISMISSAL, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:13515 WP No. 17611 of 2022 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER This writ petition is of the year 2022. When this matter came up before this Court on 04.03.2026, there was no representation on behalf of the petitioners and this Court directed the matter to be listed under the caption 'dismissal' on 05.03.2026. 2. Today when the matter came up there is no representation on behalf of the petitioners. It appears that the petitioners are not interested to pursue the matter. 3. Accordingly, the petition is dismissed for non- prosecution. Sd/- (LALITHA KANNEGANTI) JUDGE RB