Dismissed

M/S Neotecra India Private Limited v. the State of Karnataka

Karnataka HC22 Jul 2024WP/1499/2024

Case brief

AI extract

What is this about?

The High Court of Karnataka dismissed a writ petition filed by M/S Neotecra India Pvt Ltd challenging an order regarding waiver of interest. The petition was withdrawn by the petitioner after the respondent executed a lease cum sale agreement subject to the withdrawal of the petition.

What did the court decide?

Petition dismissed as withdrawn following withdrawal by the petitioner.

M/S Neotecra India Private Limited Vs the State of… — Company and Corporate | Karnataka HC (2024)

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NC: 2024:KHC:28909 WP No. 1499 of 2024

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 22^ND DAY OF JULY, 2024 BEFORE

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THE HON'BLE MR JUSTICE S.R.KRISHNA KUMAR WRIT PETITION NO. 1499 OF 2024 (GM-KIADB)

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BETWEEN:

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M/S NEOTECRA INDIA PRIVATE LIMITED NO.202, KEDIA ARCADE , 92, INFANTRY ROAD, BENGALURU - 560 001.

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PRESENTLY AT NO. 413, 5^TH MAIN, 1^ST FLOOR, OMBR LAYOUT, BENGALURU - 560 033.

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REP. BY ITS DIRECTOR, MR. BABLU KUMAR AGED ABOUT 44 YEARS S/O MR. ARJUN PRASAD INCORPORATED UNDER COMPANIES ACT, 1956

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…PETITIONER

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(BY SRI. VIJETHA R NAIK, ADVOCATE)

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AND:

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Digitally signed by Vandana S Location: HIGH COURT OF KARNATAKA

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THE STATE OF KARNATAKA REP. BY ITS ADDL. CHIEF SECRETARY DEPT. OF INDUSTRIES AND COMMERCE VIKASA SOUDHA, BENGLAURU - 560 001.

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THE KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD, 4^TH AND 5^TH FLOOR, EAST WING, KHANIJA BHAVAN, RACE COURSE ROAD, BENGALURU - 560 001.

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REP BY ITS CHIEF EXECUTIVE OFFICER

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…RESPONDENTS

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(BY SRI. N B PATIL, AGA FOR R1; SRI. H L PRADEEP KUMAR, ADVOCATE FOR R2)

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THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE ORDER DATED

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NC: 2024:KHC:28909 WP No. 1499 of 2024

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13/02/2023 BEARING NO. KIADB/HO/ALLT/F.NO.20381/19346/2022-23 PASSED BY THE R2 PRODUCED AT ANNEXURE-L.

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THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

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CORAM: THE HON'BLE MR JUSTICE S.R.KRISHNA KUMAR

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ORAL ORDER

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(PER: THE HON'BLE MR JUSTICE S.R.KRISHNA KUMAR)

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Learned counsel for the petitioner has filed a memo dated 22.07.2024, which reads as under:

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“The petitioner has filed the above writ petition challenging the order dated 13.02.2023 passed by the Respondent No.2 herein, rejecting the representation dated 04.01.2023 given by the petitioner, for waiver of interest imposed on the alleged balance land cost. During the pendency of the above Writ petition, the Respondent No.2 has issued possession certificate dated 07.06.2024 and execute lease cum sale agreement dated 24.06.2024 in favour of the petitioner herein. In the registered Lease cum Sale Agreement, it is stated that the issue/subject regarding waiver of interest/levy of interest for the delayed payment of balance tentative cost of land, will be placed before the sub-Committee/KIADB Board meeting. Further the Respondent No.2 has executed Lease cum Sale Agreement in favour of the Petitioner, subject to withdrawal of the above Writ Petition. The copy of the Lease cum Sale Agreement and Possession Certificate are produced herewith for the kind perusal of this Hon’ble Court.

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NC: 2024:KHC:28909 WP No. 1499 of 2024

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WHEREFORE the petitioner most respectfully prays that this Hon’ble Court be pleased to take this memo on record and permit the petitioner to withdraw the above Writ Petition in terms of the memo, in the interest of justice and equity.”

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The said memo is placed on record.

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In view of the aforesaid memo, the writ petition is

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dismissed as withdrawn.

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Sd/(S.R.KRISHNA KUMAR) JUDGE

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BMC

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List No.: 1 Sl No.: 8

M/S Neotecra India Private Limited v. the State of Karnataka

Case brief

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M/S Neotecra India Private Limited v. the State of Karnataka

Case brief

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