M/S Jatoyah Investments and Holdings Ltd. v. Karnataka State Financial Corporation

Karnataka HC18 Mar 2025WP/16347/2022

Case brief

AI extract

What is this about?

Jatoyah Investments and Holdings Ltd. v. Karnataka State Financial Corporation, WP No. 16347 of 2022 (GM-KSFC), High Court of Karnataka, decided 18.03.2025 by M. Nagaprasanna, J. Petition challenging KSFC demand notice dated 09.05.2022 (O.KSFC/BO/KWR/157/2022-23, Annexure-G) withdrawn on counsel's memo citing settlement of outstanding dues; disposed as withdrawn; no merits adjudicated; no precedent value on the validity of the demand notice.

What did the court decide?

None; petition disposed as withdrawn at the petitioner's request, the petitioner having settled outstanding dues with the respondents. No adjudication on the demand notice (Annexure-G) or the Annexure-E request. ¶¶34-35

M/S Jatoyah Investments and Holdings Ltd. Vs… — Company and Corporate | Karnataka HC (2025)

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NC: 2025:KHC:11302 WP No. 16347 of 2022

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 18^TH DAY OF MARCH, 2025

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BEFORE

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THE HON'BLE MR JUSTICE M.NAGAPRASANNA

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WRIT PETITION NO. 16347 OF 2022 (GM-KSFC)

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BETWEEN:

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M/S JATOYAH INVESTMENTS AND HOLDINGS LTD. A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS OFFICE AT ALLIED 'A WING', 207/208 ST. JOHNS ROAD, PALI HILL BANDRA (WEST) MUMBAI - 400 050 REP. BY ITS AUTHORIZED PERSON SRI DINESH KUMAR M JAIN Digitally signed S/O LATE C. MISHRIMAL SHAH by NAGAVENI Location: High AGED ABOUT 47 YEARS Court of Karnataka R/AT VASAVI AVENUE NO.36/3 4^TH FLOOR 11^TH MAIN ROAD 5^TH BLOCK, JAYANAGAR BENGALURU - 560 041 …PETITIONER

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(BY SRI. SAMPATH A., ADVOCATE)

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NC: 2025:KHC:11302 WP No. 16347 of 2022

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AND:

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KARNATAKA STATE FINANCIAL CORPORATION

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EST. UNDER STATE FINANCIAL CORPORATION ACT, 1951 HAVING ITS HEAD OFFICE AT

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KSFC BHAVAN, NO.1/1, THIMMAIAH ROAD NEAR CANTONMENT RAILWAY STATION

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BENGALURU - 560052 REP. BY ITS AUTHORIZED OFFICER / BRANCH MANAGER

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AUTHORIZED OFFICER

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KARNATAKA STATE FINANCIAL CORPORATION BRANCH OFFICE AT 1^ST FLOOR RAYKAR MANOR KAIKINI ROAD

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KARWAR - 581301

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…RESPONDENTS

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(BY SRI. VINAYA KUMAR G S., ADVOCATE)

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THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE DEMAND NOTICE DTD.9.5.2022 BEARING O.KSFC/BO/KWR/157/2022-23 ISSUED BY THE R-2 VIDE ANNEXURE-G; DIRECT THE RESPONDENTS TO CONSIDER THE REQUEST OF THE PETITIONER AS PER LETTER DTD.6.7.2022 VIDE ANNEXURE-E AND ETC.

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

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NC: 2025:KHC:11302 WP No. 16347 of 2022

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CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA

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ORAL ORDER

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Learned counsel appearing for the petitioner files a memo

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seeking to withdraw the petition. The memo reads as follows:

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" MEMO FOR WITHDRAWAL

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The Undersigned on receipt of the letter dated 11.03.2025 addressed by the Petitioner instructing to withdraw the captioned petition as Petitioner is settling the outstanding dues with the Respondents. The original letter dated 11.03.2025 is enclosed with this memo.

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In view thereof, this Hon'ble court may be pleased to dismiss this petition as withdrawn in the light of the above, so as to meet the ends of justice and equity."

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2. In terms of memo, the petition is disposed as

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withdrawn .

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Sd/(M.NAGAPRASANNA)

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JUDGE

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KG List No.: 2 Sl No.: 24

M/S Jatoyah Investments and Holdings Ltd. v. Karnataka State Financial Corporation

Case brief

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What did the court decide?

M/S Jatoyah Investments and Holdings Ltd. v. Karnataka State Financial Corporation

Case brief

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