PROFITMART SECURITIES PRIVATE LIMITED v. STATE OF KARNATAKA
WP/13974/2024 · 2026-09-16
V Srishananda
body2026
DailyLaw.ai
[ 2026 DAILYLAW 40430 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 40430 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
- 1 -
HC-KAR
CNR: KAHC010281942024 NC: 2026:KHC:50321 WP No. 13974 of 2024
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 16TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE V SRISHANANDA WRIT PETITION NO. 13974 OF 2024 (GM-RES)
BETWEEN:
PROFITMART SECURITIES PRIVATE LIMITED A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT, 2013 HAVING REGISTERED OFFICE AT UNIT NO.213, OPAL SQUARE, PLOT NO. C-1, THANE EAST, THANE, THANE, MAHARASHTRA INDIA-400604
REPRESENTED BY ITS AUTHORISED REPRESENTATIVE SRI. VIJAYEENDRA DESHPANDE 106, 1ST FLOOR, SILVER SPRINGS, 2ND MAIN IST CROSS, VASANTHA VLLABHA NAGAR J P NAGAR, 8TH PHASE, BANGALORE SOUTH , BENGALURU - 560 076.
EMAIL. VIJAY.D@PROFITMART.IN
…PETITIONER (BY SRI. ROHITH R KAMATH.,ADVOCATE)
AND:
1.
STATE OF KARNATAKA CHANDRA LAYOUT POLICE STATION, 2ND CROSS, RD, BASAVESHWARA HBCS LAYOUT 2ND STAGE, CHANDRA LAYOUT,
Digitally signed by ANNAPURNA G Location: High Court of Karnataka
- 2 -
HC-KAR
CNR: KAHC010281942024 NC: 2026:KHC:50321 WP No. 13974 of 2024
ATTIGUPPE BENGALURU, KARNATAKA 560 040.
REP BY SUB-INSPECTOR CHANDRA LAYOUT POLICE STATION.
2.
SIVAMURTHAPPA LATHA AGED ABOUT 55 YEARS D/O SIVAMURTHAPPA BHARMASAGARA SHANTAMALLAPPA NO.17, JANITH NILAYA, IST MAIN ROAD, 13TH BLOCK, VTC NAGARABHAVI, 2ND STAGE, BENGALURU 560 072.
3.
AXIS BANK LTD., CHANDRA LAYOUT BRANCH, HAVING ADDRESS AT 1557, GROUND FLOOR, UJJNI, PEGASUS, 8TH CROSS ROAD, CHANDRA LAYOUT, BENGALURU KARNATAKA 560 040
REPRESENTED BY MS. DHANYA BHARTI BRANCH HEAD.
…RESPONDENTS (BY SRI. SURYA MUKUNDARAJ, APP FOR R1;
SRI. C. SHIVAKUMAR.,ADVOCATE FOR R2;
SRI. UNNIKRISHNAN., ADVOCATE FOR R3)
THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA R/W SEC. 482 OF CR.P.C PRAYING TO a) QUASHING THE LETTER DATED 15.05.2024 MARKED AT ANNEXURE F ISSUED BY THE R-1 CHANDRA LAYOUT POLICE STATION IN THE ENDS OF JUSTICE AND ETC.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
- 3 -
HC-KAR
CNR: KAHC010281942024 NC: 2026:KHC:50321 WP No. 13974 of 2024
CORAM: HON'BLE MR. JUSTICE V SRISHANANDA
ORAL ORDER
Learned counsel for the petitioner has filed a memo for withdrawal. The memo reads as under:
"It is humbly submitted that the Hon’ble Court be pleased to allow the aforesaid matter to be withdrawn on the ground that the said petition was filed prior to the charges being framed. The petitioner seeks the leave of the Court to file afresh a petition to challenge the proceedings in CC No.22920/2026 pending before IV Additonal Chief Judicial Magistrate at Bengaluru. This memo may be pleased to be allowed in the interest of justice and equity.”
Placing the memo on record, petition is dismissed as withdrawn with liberty as prayed for.
Sd/- (V SRISHANANDA) JUDGE
KAV List No.: 1 Sl No.: 23