Dismissed¶33

Mr Renukesh Papanna v. the Authorised Officer/ Manager

Karnataka HC5 Mar 2026WP/18355/2024

Case brief

AI extract

What is this about?

Karnataka High Court (Bengaluru), WP No. 18355 of 2024 (GM-DRT), decided 05.03.2026 by Lalitha Kanneganti, J.; dismissal as withdrawn on memo of out-of-court settlement; challenge to Bank of Baroda authorised officer notice dated 20.06.2024; Articles 226/227 writ petition; borrower/guarantee dispute involving M/s Liveon Technology Pvt Ltd; all pending I.As. closed; no ruling on merits.

What did the court decide?

None; petition dismissed as withdrawn pursuant to memo of out-of-court settlement, and all I.As. closed. ¶33

Mr Renukesh Papanna Vs the Authorised Officer/… — Writ and Judicial Review | Karnataka HC (2026)

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NC: 2026:KHC:13373 WP No. 18355 of 2024

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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 5^TH DAY OF MARCH, 2026

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BEFORE

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THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 18355 OF 2024 (GM-DRT)

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BETWEEN:

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MR RENUKESH PAPANNA S/O MR PAPANNA AGED ABOUT 48 YEARS, RESIDING AT NO.18 MARUTHI LAYOUT, VIRUPAKSHAPURA NEAR ANJANEYA TEMPLE, VIDYARANAPURA POST BANGALORE-560097

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Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA

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…PETITIONER

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(BY SRI. SHARATH KUMAR SHETTY, ADVOCATE)

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AND:

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THE AUTHORISED OFFICER/ MANAGER BANK OF BARODA MSRIT BRANCH BANGALORE NORTH REGION MSR COLLEGE ROAD MSR CAMPUS MATHIKERE BANGALORE-560054

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2 - NC: 2026:KHC:13373 WP No. 18355 of 2024

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HC-KAR

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M/S LIVEON TECHNOLOGY PVT LTD NO.97, N N COMPLEX, 3RD FLOOR SANJAYANAGAR MAIN ROAD, RMV 2ND STAGE, GEDDALAHALLI BANGALORE-560094 REPRESENTED BY ITS PARTNER MR SHIVASHANKAR N G AND MRS SWETHA H Petitioner

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MR SHIVASHANKAR N G AGE BY MAJOR RESIDING AT SRI KRISHNA CLEGANCE APARTMENTS, NO.7A, 3RD FLOOR, 1ST MAIN, AMARJYOTHI LAYOUT SANJAYANAGAR BANGALORE-560054

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MRS SWETHA H P W/O SHIVASHANKAR N G AGED BY MAJOR RESIDING AT SRI KRISHNA CLEGANCE APARTMENTS, NO.7A, 3RD FLOOR, 1ST MAIN, AMARJYOTHI LAYOUT SANJAYANAGAR BANGALORE-560054

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…RESPONDENTS

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(BY SRI. VIGNESH SHETTY, ADVOCATE FOR R1)

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THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED NOTICE DTD. 20.06.2024 ISSUED BY THE R-1 AS PER ANNX-A; DIRECT THE R-1 TO TAKE ACTION AGAINST R-2

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NC: 2026:KHC:13373 WP No. 18355 of 2024

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HC-KAR

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FIRM FOR RECOVERING THE DUES WHICH AVAILED BY THE R- 3 AND 4 AS PER DUE PROCESS OF LAW; DIRECT THE R-1 TO CONSIDER THE R-2 STOCK IS PRINCIPAL MORTGAGE ASSET AND SEIZE THE SAME AND APPROPRIATE THE LOAN AMOUNT AND RELEASE THE PETITIONER MORTGAGE PROPERTY.

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

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CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI

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ORAL ORDER

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A memo is filed stating that the matter has been settled

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out of Court and the petition may be dismissed.

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