Borrowers petitioned to quash a SARFAESA Section 13(2) demand notice issued by the asset reconstruction company; the petitioners filed a memo to withdraw and the court disposed of the petition as withdrawn.
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NC: 2024:KHC:9026 WP No. 2646 of 2024
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 4TH DAY OF MARCH, 2024
BEFORE
THE HON'BLE MR JUSTICE M.NAGAPRASANNA
WRIT PETITION NO. 2646 OF 2024 (GM-RES)
BETWEEN:
BOTH ARE R/A NO.47, MALATHI NIVAS, 2ND CROSS, 6TH MAIN, SHANTHI LAYOUT, RAMAMURTHY NAGAR, BENGALURU-560016
Digitally signed by NAGAVENI (BY SRI. NARENDRA BABU H.L., ADV. FOR Location: HIGH SRI. NATARAJA B S., ADVOCATE) COURT OF KARNATAKA AND:
…PETITIONERS
NC: 2024:KHC:9026 WP No. 2646 of 2024
HAVINGS ITS BRANCH OFFICE AT NO.11, RICHMOND ROAD, BENGALURU - 560 025, REP. BY ITS OFFICER
REGISTERED OFFICE CADDIE COMMERCIAL TOWER, REGUS BUSINESS CENTRE, 5TH FLOOR, AEROCITY NEW DELHI-110 037. AND ALSO AT
ENCORE ASSETS RECONSTRUCTION COMPANY PVT. LTD., HAVING ITS BRANCH OFFICE AT NO.93/9, VARTHUR MAIN ROAD, MUNNEKOLALU, MARATHAHALLI, BENGALURU-560 037 REP. BY ITS DIRECTOR
…RESPONDENTS
THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED NOTICE DTD 13.10.2023 ISSUED U/S 13(2) OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT 2002, ISSUED BY THE R2 PRODUCED AT ANNEXURE-B TO THIS WRIT PETITION.
THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, THE COURT MADE THE FOLLOWING:
NC: 2024:KHC:9026 WP No. 2646 of 2024
ORDER
Learned counsel appearing for the petitioners files a memo seeking to withdraw the petition.
In terms of memo, the petition is disposed as withdrawn.
Sd/JUDGE
KG
List No.: 1 Sl No.: 19
2 provisions across 2 enactments
Thejo Kumar E
B.S. Rajani
Moneyline Credit Limited
Encore Asset Reconstruction Company Pvt. Ltd.
M.Nagaprasanna
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
