Petitioner filed a writ petition to quash a notice under Section 13(2) of the SARMCI Act 2002. Court dismissed the petition as withdrawn with liberty to approach the Debt Recovery Tribunal.
Petition dismissed as withdrawn; liberty to approach Debt Recovery Tribunal reserved.
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NC: 2024:KHC:38651 WP No. 16933 of 2024
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 5TH DAY OF SEPTEMBER, 2024
BEFORE
THE HON'BLE MR JUSTICE HEMANT CHANDANGOUDAR WRIT PETITION NO. 16933 OF 2024 (GM-RES)
BETWEEN:
SRI MAILVAGANAN
S/O.SRI. PEETHAMBARAM, AGED ABOUT 65 YEARS, RESIDING AT NO.13, OIL MILL ROAD, LINGARAJAPURAM, BENGALURU-560 084
…PETITIONER
(BY SRI. ABISHEK N N., ADVOCATE)
AND:
Digitally signed by R HEMALATHA Location: HIGH COURT OF KARNATAKA
…RESPONDENTS
(BY SRI. SURESH V., ADVOCATE)
THIS WP IS FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE NOTICE DTD 23.04.2024 ISSUED BY THE RESPONDENTS UNDER SEC 13(2) SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002, DUE TO THE BONAFIDE REASONS AND ETC.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR JUSTICE HEMANT CHANDANGOUDAR
NC: 2024:KHC:38651 WP No. 16933 of 2024
ORAL ORDER
Learned counsel for the petitioner files a memo seeking
leave of this Court to withdraw the petition reserving liberty to the petitioner to approach the Debt Recovery Tribunal under Section of the 17 of the Securitization and Reconstruction of Financial Assets
and Enforcement of Security Interest Act.
2. Memo is placed on record.
3 Accordingly, the petition is dismissed as withdrawn,
reserving liberty as sought for.
Sd/(HEMANT CHANDANGOUDAR) JUDGE
TIN
3 provisions across 2 enactments
SRI MAILVAGANAN
CHOLAMANDALAM INVESTMENT AND FINANCE CO LTD
HEMANT CHANDANGOUDAR
As recorded by the court registry
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