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2026 DAILYLAW 47512 (KAR)

SRI MURALIDHAR N v. RESERVE BANK OF INDIA

WP/9333/2025 · 2026-01-20

Ashok S Kinagi

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:3291 WP No. 9333 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 9333 OF 2025 (GM-DRT) BETWEEN: SRI MURALIDHAR N AGED ABOUT 53 YEARS, S/O M. NARAYANA, RESIDING AT NO.21, 4TH CROSS, 7TH BLOCK, JAYANAGAR, BANGALORE - 560 082. …PETITIONER (BY SRI. MAHESH KIRAN SHETTY S., ADVOCATE) AND: 1. RESERVE BANK OF INDIA CENTRAL OFFICE, 10TH FLOOR, CENTRAL OFFICE BUILDING, SHAHID BHAGAT SINGH MARG, POST BOX NO. 10014, MUMBAI - 01. REPRESENTED BY ITS AUTHORISED OFFICER Digitally signed by SHILPABAI S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:3291 WP No. 9333 of 2025 2. CANARA BANK, SOUTH END CIRCLE BRANCH, NO.96, SOUTH END ROAD, SOUTH END CIRCLE, BENGALURU - 560 004, REPRESENTED BY ITS AUTHORIZED OFFICER/CHIEF MANAGER. …RESPONDENTS (BY SRI. C. VINAY SWAMY, ADVOCATE FOR R2) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE SALE NOTICE DATED 15/03/2025 REF. ARMII/SN/MURALIDHAR/01/2024-25 ISSUED BY R2 VIDE ANNX-A IN SO FAR AS THE PETITIONER IS CONCERNED. DIRECTING THE R2 TO REGULARIZE THE OVER DRAFT FACILITIES UNDER VARIOUS ACCOUNTS OF THE PETITIONER WITH IMMEDIATE EFFECT AND ALLOW THE PETITIONER TO OPERATE THE O.D. ACCOUNTS AND PROVIDE THE FACILITIES THAT ARE PROVIDED TO THE MSMES AS PE THE GUIDELINES OF THE R2 AS PER THE CIRCULAR IN THIS REGARD ISSUED BY THE R1 - RESERVE BANK OF INDIA DATED 17/03/2016 BEARING NO. RBI/2015-16/338 VIDE ANNX-C. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:3291 WP No. 9333 of 2025 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER After arguing the matter for some time, learned counsel for the petitioner seeks leave of this Court to withdraw the writ petition with a liberty to challenge the order dated 12.06.2025. 2. Memo is placed on record. 3. Accordingly, the writ petition is dismissed as withdrawn with the aforesaid liberty. 4. Pending IA/s, if any, shall stand disposed of accordingly. Sd/- (ASHOK S.KINAGI) JUDGE SKS CT:KHV