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2026 DAILYLAW 47089 (KAR)

CITY PROPERTIES MAINTENANCE COMPANY BANGALORE LTD v. RECOVERY OFFICER - I

WP/51981/2017 · 2026-02-03

Ashok S Kinagi

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 3RD DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 51981 OF 2017 (GM-DRT) BETWEEN: CITY PROPERTIES MAINTENANCE COMPANY BANGALORE LTD A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, AND HAVING ITS REGISTERED OFFICE AT UB CITY, 24, VITTAL MALLYA ROAD, BANGALORE-560 001 REPRESENTED BY ITS DIRECTOR, PERIYAPATNA SHAMANNA ANAND …PETITIONER (BY SMT. MAYA HOLLA.,ADVOCATE) AND: 1. RECOVERY OFFICER - I DEBT RECOVERY TRIBUNAL-II, NO.4, RESIDENCY ROAD, BANGALORE-560025 2. UNITED BREWERIES (HOLDINGS) LIMITED UB TOWER, LEVEL 12, UB CITY, 24, VITTAL MALLYA ROAD, BENGALURU 560001, REP. BY IS DIRECTOR 3. STATE BANK OF INDIA A BANKING CORPORATION CONSTITUTED UNDER Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 THE STATE BANK OF INDIA ACT, 1955 (23 OF 1955) HAVING ITS CORPORATE CENTRE AT STATE BANK BHAVAN, MADAME CAMA ROAD, NARIMAN POINT, MUMBAI 400021 AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT 61, RESIDENCY PLAZA, RESIDENCY ROAD, BENGALURU 560025 4. AXIS BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, AND A BANKING COMPANY WITHIN THE MEANING OF SECTION 5(C) OF THE BANKING REGULATION ACT, 1949 AND HAVING ITS REGISTERED OFFICE AT TISHUL, THIRD FLOOR, OPP. SAMARTHESWAR TEMPLE, LAW GARDEN, ELLISBRIDGE, AHMEDABAD 380006, GUJARAT, INDIA, AND HAVING ITS CORPORATE OFFICE AT AXIS HOUSE, C-2, WADIA INTERNATIONAL CENTRE, PANDURANG BUDHKAR MARG, WORLI, MUMBAI 400025 5. BANK OF BARODA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT BARODA HOUSE, P B NO.506, MANDAVI, VADODARA 396006 ACTING THROUGH ITS BRANCH OFFICE AT P.O.BOX 11745, SAMATA BUILDING, GENERAL BHOSALE MARG, NARIMAN POINT, MUMBAI 400021 6. BANK OF INDIA A BODY CORPORATE CONSTITUTED UNDER THE - 3 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT STAR HOUSE, C-5, G BLOCK, BANDRAKURLA COMPLEX, BANDRA (E) MUMBAI 400051 AND HAVING ITS LARGE CORPORATE BRANCH AT GROUND FLOOR, ORIENTAL BUILDING, 364, D N ROAD, FORT, MUMBAI 400001 7. CENTRAL BANK OF INDIA A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1980 HAVING ITS CORPORATE FINANCE BRANCH (EARLIER KNOWN AS INDUSTRIAL FINANCE BRANCH) AT CHANDRAMUKHI GROUND FLOOR, NARIMAN POINT, MUMBAI 560021 8. CORPORATION BANK A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1980 (40 OF 1980) AND HAVING ITS CORPORATE OFFICE AT MANGALADEVI TEMPLE ROAD, PANDESHWAR, MANGALORE 575001 AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT RALLARAM MEMORIAL BUILDING, 1ST FLOOR, CSI COMPOUND, MISSION ROAD, BENGALURU 560027 9. THE FEDERAL BANK LIMITED A COMPANY WITHIN THE MEANING OF COMPANIES - 4 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 ACT,1956 HAVING ITS REGISTERED OFFICE FEDERAL TOWERS, ALUVA 683101, KERALA AND HAVING ITS BRANCH OFFICE AT ST.MARKS ROAD, BENGALURU 560001 10. IDBI BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 AND A BANKING COMPANY WITHIN THE MEANING OF THE BANKING REGULATION ACT, 1949 HAVING ITS HEAD OFFICE AT IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI 400005, MAHARASHTRA INDIA. AND ACTING THROUGH ITS BRANCH OFFICE AT CORPORATE BANKING GROUP FAMG 9 FLOOR, IDBI TOWER, WTC COMPLEX, CUFFE PARADE, COLABA, MUMBAI 400005 11. INDIAN OVERSEAS BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT., 1970 HAVING ITS CENTRAL OFFICE AT 763, ANNA SALAI, CHENNAI 600002 AND ITS BRANCH OFFICE AT HARIKRIPA, 26-A, S V ROAD, SANTACRUZ (W) MUMBAI 400054 12. JAMMU & KASHMIR BANK LIMITED A BANKING COMPANY INCORPORATED UNDER THE PROVISIONS OF THE JAMMU & KASHMIR COMPANIES ACT No.X1 OF 1977 (SAMVAT) HAVING ITS REGISTERED OFFICE AT CORPORATE HEADQUARTER, MAULANA AZAD ROAD, SRINAGAR, - 5 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 KASHMIR 1900001 AND ITS BRANCH OFFICE AT SYED HOUSE, 124, S V SAVARKAR MARG, MAHIM (WEST) MUMBAI 400016 13. PUNJAB & SIND BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERSTANDING)ACT, 1980 HAVING ITS HEAD OFFICE AT 21, RAJENDRA PALCE, NEW DELHI 110008. AND HAVING AMONGST OTHERS, A BRANCH OFFICE AT J K SOMANI BUILDING, BRITISH HOTEL LANE, FORT, MUMBAI 400023 14. PUNJAB NATIONAL BANK A BODY CORPORATE UNDER BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERSTANDING)ACT, 1970 (5 OF 1970) HAVING ITS HEAD OFFICE AT 7, BHIKAJI CAMA PLACE, NEW DELHI 110607 ACTING THROUGH ITS LARGE CORPORATE BRANCH AT CENTENARY BUILDING 28, M G ROAD, BENGALURU 560001 15. STATE BANK OF MYSORE A BODY CORPORATE CONSTITUTED UNDER THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 HAVING ITS HEAD OFFICE AT KEMPEGOWDA ROAD, BENGALURU 560009 AND ITS CORPORATE ACCOUNTS BRANCH AT NO.18, RAMANASHREE ARCADE, - 6 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 M G ROAD, BENGALURU 560001 16. UCO BANK A BODY CORPORATE CONSTITUTED UNDER BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERSTANDING)ACT, 1970 AND HAVING ITS HEAD OFFICE AT 10, BTM SARANI, KOLKATA 700001, WEST BENGAL INDIA AND ITS BRANCH OFFICE AT 1ST FLOOR, 13/22 K G ROAD, BENGALURU 560009 RESPONDENT Nos. 1 TO 14 ARE REP. BY MR S RANGAVITTAL, ASSISTANT GENERAL MANAGER & RELATIONSHIP MANAGER AMT IV (SMG-V) STATE BANK OF INDIA, INDUSTRIAL FINANCE BRANCH, BANGALORE. …RESPONDENTS (BY SRI. PATIL VEERENDRA CHANDRASHEKAR, ADVOCATE FOR R3 TO R16 SRI. M N KUMAR, ADVOCATE FOR R1 (VK NOT FILED) SRI. KRUTIKA RAGHAVAN STANDING COUNSEL FOR R2) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, RAYING TO-ISSUE A WRIT OF CERTIORARI OR ANY OTHER WRIT, ORDER OR DIRECTION QUASHING THE ORDER OF ATTACHMENT OF DEPOSITS AND DIRECTION TO DEPOSIT THE SAME IN THE HON'BLE DEBT RECOVERY TRIBUNAL-II, DATED 26.10.2017 & 18.09.2017 RESPECTIVELY IN OA 766/2013 PASSED BY RESPONDENT VIDE ANNX-A AND ANNX-A1. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI - 7 - HC-KAR NC: 2026:KHC:6233 WP No. 51981 of 2017 ORAL ORDER 1. The learned counsel for respondent No.2 files a memo along with Form No.STK7, which discloses the notice of striking off, and dissolution of the petitioner's Company. 2. The memo is taken on record. 3. In view of the striking off and dissolution of the petitioner's Company, nothing survives for consideration in this writ petition. Accordingly, the writ petition is dismissed as having rendered infructuous. 4. Pending applications, if any, stands disposed of. Sd/- (ASHOK S.KINAGI) JUDGE RK CT:KHV List No.: 1 Sl No.: 56