Writ petition challenging a bank's sale notice under SARFAESI proceedings. The Bank informed the Court that no bids were received at the auction held on the date of hearing. Petition was disposed of with liberty to file a fresh petition if needed.
Liberty reserved to petitioner to file fresh petition if need arises; no other relief granted.
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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 4TH DAY OF OCTOBER, 2024
BEFORE
THE HON'BLE MR JUSTICE C.M. POONACHA WRIT PETITION NO. 27270 OF 2024 (GM-RES)
BETWEEN:
MR. SHASHIKIRAN M.S, S/O MARULASIDDAPPA SHIVANANDA, AGED ABOUT 48 YEARS, R/AT NO. 2040, "SHIVAKRUPA", 19TH MAIN ROAD, 2ND BLOCK, RAJAJINAGAR, BANGALORE - 560 010.
…PETITIONER
(BY SMT. RADHIKA K, ADVOCATE)
AND:
Digitally signed by BHARATHI S Location: HIGH COURT OF KARNATAKA
M/S. KARNATAKA BANK, ARM BRANCH, 3RD FLOOR, KARNATAKA BUILDING, KODLABAIL, MANGALURU - 575 003, IFSC CODE: SRCB0NCB002, REPRESENTED BY ITS AUTHORIZED OFFICER.
…RESPONDENT (BY SRI. NITHIN CHANDRA M, ADVOCATE FOR C/R)
THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO-SET ASIDE THE SALE NOTICE DATED 11.09.2024 VIDE ANNEXURE-L ISSUED BY THE RESPONDENT BANK STATING THAT THE ENTIRE RECOVERY PROCEEDINGS INITIATED BY THE RESPONDENT BANK AGAINST THE SCHEDULE PROPERTY ARE ILLEGAL AND IN VIOLATION OF THE SARFAESI ACT, 2002 AND ETC.,
NC: 2024:KHC:41172 WP No. 27270 of 2024
THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR JUSTICE C.M. POONACHA
ORAL ORDER
Learned counsel for the petitioner and the respondent / Bank present.
SD/(C.M. POONACHA) JUDGE
GJM
List No.: 1 Sl No.: 33 CT: BHK
Shashikiran M.S.
M/s. Karnataka Bank, Arm Branch, Mangaluru
C.M. Poonacha
As recorded by the court registry
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