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2026 DAILYLAW 44941 (KAR)

M/S NORTH EAST REGION HOUSING FINANCE COMPANY LTD v. AUTHORIZED OFFICER

WP/16824/2022 · 2026-10-05

Sachin Shankar Magadum

body2026

Judgment text

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- 1 - HC-KAR CNR: KAHC010382432022 NC: 2026:KHC:55012 WP No. 16824 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF OCTOBER, 2026 BEFORE THE HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM WRIT PETITION NO. 16824 OF 2022 (GM-DRT) BETWEEN: 1. M/S NORTH EAST REGION HOUSING FINANCE COMPANY LTD REP BY ITS MANAGING DIRECTOR MR. KEISHING JAMES LALRONGBAWL CORPORATE OFFICE: M -2 BLOCK PLOT NO.2, GROUND FLOOR JIM PLAZA LOCAL SHOPPING CENTRE, VIKASPURI OPP KERALA SCHOOL, NEW DELHI-110018 REGISTERED OFFICE ROOM NO.2B TOP FLOOR, MILLENNIUM CENTRE DAWRPUL AIZAWL, MIZORAM -796 001. COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 2. MR KEISHING JAMES LALRONGBAWL S/O LTE K LUISE AGED ABOUT 63 YEARS, FLAT NO.G-1 GROUND FLOOR SALAPURIA LAVANY RESIDENCY APARTMENT PALM GROVE ROAD, WARD NO.76 VICTORIA ROAD LAYOUT BANGALORE -560047. …PETITIONERS (BY SRI. JAGAN MOHAN .M.T, ADVOCATE) AND: 1. AUTHORIZED OFFICER PUNJAB NATIONAL BANK Digitally Signed By: SACHIN SHANKAR MAGADUM Verified - 2 - HC-KAR CNR: KAHC010382432022 NC: 2026:KHC:55012 WP No. 16824 of 2022 FANCY BAZAR BRANCH BRANCH CODE: PUNB0018900 LIC BUILDING, SS ROAD FANCY BAZAR, GUWAHATI ASSAM -781001 …RESPONDENT (SERVED AND UNREPRESENTED) THIS W.P. IS FILED PRAYING TO QUASH BOTH IMPUGNED SALE AUCTION NOTICE DATED 16.07.2022 PUBLISHED BY THE RESPONDENT BANK VIDE ANENXURE-A IN RESPECT OF THE SCHEDULE IMMOVABLE PROPERTY UNDER THE PROVISIONS OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002 (ACT 54/2022) FOR ENFORCEMENT OF INTEREST IS EXCESSIVE ILLEGAL AND UNSUSTAINABLE; AND ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM ORAL ORDER Learned counsel appearing for the petitioners has filed a memo dated 05.10.2026 seeking permission of this Court to withdraw the petition as having become infructuous. 2. The said memo is taken on record. Digitally Signed By: SACHIN SHANKAR MAGADUM Verified - 3 - HC-KAR CNR: KAHC010382432022 NC: 2026:KHC:55012 WP No. 16824 of 2022 3. In view of the above said memo, the writ petition is dismissed as having become infructuous. (SACHIN SHANKAR MAGADUM) JUDGE NBM List No.: 1 Sl No.: 9 Digitally Signed By: SACHIN SHANKAR MAGADUM Verified