Dismissed¶33

M/S. Siddiqui Infrastructure v. Canara Bank

Karnataka HC11 Jun 2025WP/16583/2025

Case brief

AI extract

What is this about?

Karnataka HC 2025 (NC: 2025:KHC:20016) WP No. 16583 of 2025 (GM-RES); SARFAESI Act 2002 possession notice dated 08.04.2025 by Canara Bank challenged via Articles 226/227 certiorari; petition withdrawn by memo and dismissed as not pressed; liberty reserved, contentions kept open; one-week restraint on precipitative steps by bank; no precedent cited, no quantum involved.

What did the court decide?

Liberty reserved to take action against the impugned order; all contentions kept open; respondent bank directed not to take precipitative steps for one week. ¶33

M/S. Siddiqui Infrastructure Vs Canara Bank — Banking and Recovery | Karnataka HC (2025)

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1 - NC: 2025:KHC:20016 WP No. 16583 of 2025

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HC-KAR

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 11^TH DAY OF JUNE, 2025

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BEFORE

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THE HON'BLE MR JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 16583 OF 2025 (GM-RES)

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BETWEEN:

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M/S. SIDDIQUI INFRASTRUCTURE PARTNERSHIP FIRM REGISTERED UNDER THE PARTNERSHIP ACT, REPRESENTED BY ITS MANAGING PARTNER SHAFIQ SIDDIQUI, SON OF RA SIDDIQUI, AGED ABOUT 36 YEARS

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Digitally signed by PRAKASH N Location: HIGH COURT OF KARNATAKA

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MR. SHAFIQ SIDDIQUI, SON OF RA SIDDIQUI, AGED ABOUT 36 YEARS, SPA HOLDER

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MR. MUBEENA ZAHRA, WIFE OF RA SIDDIQUI, AGED ABOUT 58 YEARS,

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ALL THE PETITIONERS ARE SITUATED AND RESIDING AT NO.355, 7^TH CROSS, BANNIMANTAP C LAYOUT, MYSORE - 570 015

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… PETITIONERS (BY SRI. SANDEEP LAHIRI., ADVOCATE)

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NC: 2025:KHC:20016 WP No. 16583 of 2025

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HC-KAR

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AND:

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CANARA BANK

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BEGOLA BRANCH, NO. 4F, VIVEKANANDA NAGAR, CHIKKA MANDYA KERE MANDYA - 571 401 REPRESENTED BY ITS MANAGER

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… RESPONDENT

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(BY SRI. VINAY BHAT., ADVOCATE)

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THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO a) ISSUE OF WRIT ORDER OR DIRECTION IN THE NATURE OF CERTIORARI OR ANY OTHER APPROPRIATE WRIT ORDER OR DIRECTION TO QUASH THE POSSESSION NOTICE DATED 08.04.2025 ISSUED BY THE RESPONDENT BANK UNDER THE PROVISIONS OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (SARFAESI ACT), PUBLISHED IN PRAJAVANI AND DECCAN HERALD NEWSPAPERS ON 09.04.2025 VIDE ANNEXURES A AND B AND ETC.

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

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CORAM: HON'BLE MR JUSTICE S SUNIL DUTT YADAV

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ORAL ORDER

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Learned counsel for petitioners has filed a memo for

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withdrawal reading as hereunder:

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3 - NC: 2025:KHC:20016 WP No. 16583 of 2025

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HC-KAR

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"That the petitioner may kindly be permitted to withdraw the petition as not pressed and the same may kindly be permitted in the interest of justice and equity."

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The memo is taken on record.

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