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2026 DAILYLAW 25966 (KAR)

M/S MAHRISHI ALLOYS PVT LTD v. THE SOUTH INDIAN BANK LTD

WP/17256/2022 · 2026-06-30

M G S Kamal

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:32340 WP No. 17256 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 30TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 17256 OF 2022 (GM-RES) BETWEEN: 1. M/S. MAHRISHI ALLOYS PVT. LTD., A COMPANY REGISTERED UNDER THE PROVISIONS OF THE COMPANY ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.3, 3RD CROSS, MYSORE ROAD, BANGALORE - 560 026. REPRESENTED BY ITS SENIOR FINANCE MANAGER, MR. MANOHARA N., AGED ABOUT 55 YEARS, S/O LATE G. NARAHARI NAIDU. 2. RAJARAM BHUTRA, S/O LATE SUGANCHAND BHUTRA, AGED ABOUT 72 YEARS, R/O AT NO.3, 3RD CROSS, MYSORE ROAD, BANGALORE - 560 026. 3. RAMBILAS BHUTRA, S/O LATE SUGANCHAND BHUTRA, AGED ABOUT 66 YEARS, R/O NO.3, 3RD CROSS, MYSORE ROAD, BANGALORE - 560 026. Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:32340 WP No. 17256 of 2022 4. AMIT BHUTRA, S/O SURESH CHAND BHUTRA, AGED ABOUT 41 YEARS, R/O NO.3, 3RD CROSS, MYSORE ROAD, BANGALORE - 560 026. …PETITIONERS (BY SRI. KIRAN J., ADVOCATE) AND: THE SOUTH INDIAN BANK LTD., BRIGADE ROAD BRANCH, BRIGADE ROAD, BANGALORE - 560 025. REPRESENTED BY ITS THE AUTHORISED OFFICER. …RESPONDENT (BY SRI. FRANCIS XAVIER., ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE COMMUNICATION DATED 24.06.2022 REFERENCE NO.SIB/BR/GEN/68/2022.23 ISSUED BY THE RESPONDENT BANK WITH RESPECT TO PROPERTIES BEARING SY.NO.311, 313-2 AND 311 SITUATED AT MODA VILLAGE, MADHUGIRI ROAD, HINDUPUR TALUK, ANANTHAMPURAM DISTRICT ANDHRA PRADESH (ANNEXURE-A) AND ETC., THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL - 3 - HC-KAR NC: 2026:KHC:32340 WP No. 17256 of 2022 ORAL ORDER Learned counsel for the petitioner has filed memo dated 30.06.2026 seeking to withdraw the petition. The memo reads as under: "That subsequent to the filing of the writ petition petitioner and respondents have settled the matter before the ARC. Wherefore, undersigned counsel for the petitioner humbly submit before this Hon'ble court may be pleased to take the above Memo on record and Permit the Petitioner to withdraw the above Writ Petition in the interest of justice and equity". 2. Accordingly writ petition is dismissed as withdrawn. SD/- (M.G.S. KAMAL) JUDGE Snb/ List No.: 1 Sl No.: 54