Bank of India v. M/S Shree Venkatesh and Company
Case brief
What is this about?
Writ appeals GM-RES, Karnataka High Court Dharwad Bench, decided 01.04.2025, coram S G Pandit and C M Poonacha; appellants Bank of India (Asset Recovery Branch Bengaluru Zone No.11, Zonal Manager, Chairman & Managing Director) represented by Sr. Adv. S.S. Naganand with K.L. Patil; respondents M/s. Shree Venkatesh and Company and M/s. Goudar Jaggery Private Limited (Subas Benakatti) represented by Pranav U. Badagi; challenges to Single Judge interim orders in W.P 100358/2025 (20.01.2025) and W.P 107981/2024 (07.01.2025) extended on 18.02.2025; conditional deposit of Rs. five crores by 27.03.2025; dues stated between Rs. 31 and 35 crores; auction completed, sale certificates dated 28.03.2025 issued for three Mudhol properties of N.G. Goudar after default; appeals disposed of as no longer surviving, pending I.A.s also disposed; Debt Recovery Tribunal noted as alternative remedy; no precedent cited.