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2026 DAILYLAW 3191 (KAR)

M/S VNG DEVELOPERS v. M/S CANARA BANK

WP/39257/2025 · 2026-04-06

Lalitha Kanneganti

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:18707 WP No. 39257 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 6TH DAY OF APRIL, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 39257 OF 2025 (GM-DRT) BETWEEN: M/S VNG DEVELOPERS NO.M005, RENAISSANCE EXOITICA, JAKKUR PLANTATION ROAD, BELLARI ROAD, YELAHANKA BANGALORE - 560 064 REPRESENTED BY ITS MANAGING PARTNER, MR.MUKKA VINOD KUMAR AGED ABOUT 58 YEARS, AND ALSO AVAILABLE AT "ANTRELIA HOMES" SY. NO.91/2, 92/4, 92/5, THIRUMENAHALLI VILLAGE, YELAHANKA HOBLI, BENGALURU NORTH - 560 064. …PETITIONER (BY SMT. SHWETHA M. PATIL, ADVOCATE FOR SRI. KRISHNA MURTHY N., ADVOCATE) AND: 1. M/S CANARA BANK HAVING ITS OFFICE AT NO. 186, KANNAMANGLA, DEVANAHALLI TALUK BANGALORE RURAL DISTRICT - 562 110 REPRESENTED BY ITS MANAGER, MR. ARUN KUMAR S Digitally signed by SUVARNA T Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:18707 WP No. 39257 of 2025 2. MR. SRINIVAS GOWDA B.T, S/O MR. THIMMAIAH, AGED ABOUT 41 YEARS, R/AT NO.813/A, 1ST MAIN ROAD, NGO LAYOUT, VRUSHABHAVATHI NAGAR, BANGALORE - 560 079. ALSO AVAILABLE AT NO. 17/3, ASHOKAPURA COMMUNITY HALL ROAD, INDUSTRIAL SUB-URB, YESHWANTHPURA, BENGALURU - 560 022. 3. MRS. MANGALA H B, W/O MR. SRINIVAS B T, AGED ABOUT 41 YEARS, R/AT NO.813/A, 1ST MAIN ROAD, NGO LAYOUT, VRUSHABHAVATHI NAGAR, BANGALORE - 560 079. …RESPONDENTS (BY SRI.SAINATH D.M, ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO ISSUE A WRIT OF MANDAMUS DIRECTING RESPONDENT NO.1 CANARA BANK TO CONSIDER THE PETITIONER S REPRESENTATION SEEKING ONE TIME SETTLEMENT (OTS) OF THE LOAN ACCOUNT, STRICTLY IN ACCORDANCE WITH LAW AND THE APPLICABLE OTS GUIDELINES, AS PER THE REPRESENTATION DATED 21/03/2024 PRODUCED AS ANNEXURE-K, AND TO PASS A REASONED ORDER THEREON AND ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:18707 WP No. 39257 of 2025 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER A memo is filed by the learned counsel for the petitioner stating that the loan account has been closed on 24.02.2026. Hence, nothing survives for consideration in this writ petition. 2. A memo is taken on record. 3. Accordingly, the writ petition is dismissed as withdrawn. i. Pending IAs., if any, shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE SMC List No.: 1 Sl No.: 24