- 1 - HC-KAR CNR: KAHC010644072026 NC: 2026:KHC:53360 WP No. 29384 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 25TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE C.M. POONACHA WRIT PETITION NO. 29384 OF 2026 (GM-DRT) BETWEEN: 1. M/S MAHALAKSHMI RICE MILL NO.107, YAGAVAKOTE VILLAGE, MURUGAMALLA HOBLI, YAGAVAKOTE VILLAGE AND POST, CHINTHAMANI TALUK,-563146. REPRESENTED BY ITS PROPRIETRIX, SMT.K.R.SRILAKSHMI (PRINCIPAL BORROWER/MSME UNIT) 2. SMT. K. R. SRILAKSHMI AGED AROUND 50 YEARS YAGAVAKOTE VILLAGE, MURUGAMALLA HOBLI YAGAVAKOTE VILLAGE AND POST, CHINTHAMANI TALUK,-563146 (PROPRIETOR/BORROWER UNIT) 3. SRI. RAMESH.R. AGED AROUND 49 YEARS H.L.NO.196/285 AND 286, YAGAVAKOTE VILLAGE, MURUGAMALLA HOBLI, CHINTHAMANI TALUK - 563146 (GUARANTOR) 4. SRI. VENKATA RANGAIAH SHETTY, S/O. MR.LAKSHMAIAH, - 2 - HC-KAR CNR: KAHC010644072026 NC: 2026:KHC:53360 WP No. 29384 of 2026 AGED AROUND 63 YEARS NO.500, 9TH CROSS, RAJAJINAGAR, BENGALURU-560010 (GUARANTOR) …PETITIONERS (BY SRI. V MOHAN.,ADVOCATE) AND: 1. CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH-1, NO.86, SPENCER TOWER, M.G.ROAD, BANGALORE-560001 REPRESENTED BY ITS AUTHORIZED OFFICER, SRI. RAJENDRA TRIPATHY (LENDER BANK-REGISTERED UNDER COMPANIES ACT ) …RESPONDENT (BY SRI. VIKRAN UNNI, RAJAGOPAL,ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 & 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE RESPONDENT BANKS VIDE NO. ARM-1/CR-710/2026/KK AUCTION SALE NOTICE DATED 29.08.2026 (ANNX-A) THE AUCTION SALE AND ITS PROCEEDINGS DATED 16.09.2026 AS NOTIFIED IN THE AUCTION SALE NOTICE (ANNX-A) IN RESPECT OF THE IMMOVABLE ASSETS BELONGING TO 1ST PETITIONER/MSME. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE C.M. POONACHA - 3 - HC-KAR CNR: KAHC010644072026 NC: 2026:KHC:53360 WP No. 29384 of 2026 ORAL ORDER The present writ petition is filed seeking for the following reliefs: "a) To quash the Respondent Bank's vide No.ARM- 1/CR-710/2026/KK auction sale notice dated 29/08/2026 (ΑNNEXURE:A), the auction sale and its proceedings dated 16/09/2026 as notified in the auction sale notice (ANNEXURE:A) in respect of the immovable assets belonging to 1st Petitioner/MSME in the interest of justice and equity; (b) To grant such other reliefs/orders which this Hon'ble Court deems fit and proper under the facts and circumstances stated above in the interest of justice and equity." 2. The petitioners seeks to assail the auction that was proposed to be conducted vide the notice said 29.08.2026 (Annexure - A to the writ petition). The auction sale was scheduled to be held on 16.09.2026. 3. Learned counsel for the respondent has filed a memo dated 21.09.2026 placing on record that the auction dated 16.09.2026 was deferred for want of bidders. Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA - 4 - HC-KAR CNR: KAHC010644072026 NC: 2026:KHC:53360 WP No. 29384 of 2026 4. In view of the aforementioned, no further orders are to be passed in the writ petition. Accordingly, the present writ petition stands disposed of. 5. This order will not preclude the petitioner from availing such remedies as permissible under law. (C.M. POONACHA) JUDGE ND List No.: 1 Sl No.: 48 Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA