Dismissed¶30

M/S Chamundi Heat Treaters v. Sir M Visvesvaraya Co-Operative Bank Ltd.

Karnataka HC24 Jul 2026WP/19411/2023

Case brief

AI extract

What is this about?

Karnataka High Court, Bengaluru; Justice M.G.S. Kamal; WP No. 19411 of 2023 (GM-RES); CNR KAHC010455112023; decided 24.07.2026; dismissed as withdrawn; withdrawal memo; loan cleared by petitioner; petition infructuous; SARFAESI Act Section 13(4); possession notice dated 27.07.2023 Ref. VCB/CO/KST/PN/178/2023-24; Annexure-E; Article 226 Constitution of India; M/s Chamundi Heat Treaters; Sir M Visvesvaraya Co-operative Bank Ltd; advocate Smt. Sandhya U Prabhu; no merits adjudication; no cases cited.

What did the court decide?

No relief on merits; leave to withdraw granted and the writ petition dismissed as withdrawn, the petitioner having cleared the loan to the respondent bank. ¶30

M/S Chamundi Heat Treaters Vs Sir M Visvesvaraya… — Banking and Recovery | Karnataka HC (2026)

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HC-KAR

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NC: 2026:KHC:38338 WP No. 19411 of 2023

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CNR: KAHC010455112023

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 24^TH DAY OF JULY, 2026

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BEFORE

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THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO. 19411 OF 2023 (GM-RES)

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BETWEEN:

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M/S CHAMUNDI HEAT TREATERS REGISTERED UNDER INDIAN PARTNERSHIP ACT REPRESENTED BY ITS MANAGING PARTNER SRI P.S.GURUSHANTHAPPA NO.428/C, 1^ST MAIN ROAD, KIADB INDUSTRIAL AREA HEBBALA, MYSORE - 570016

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…PETITIONER

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(BY SMT. SANDHYA U PRABHU.,ADVOCATE)

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AND:

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Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA

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SIR M VISVESVARAYA CO-OPERATIVE BANK LTD REPRESENTED BY ITS AUTHORIZED OFFICER/MANAGER NO.109, CORPORATE OFFICE, SHANKARPURAM, BANGALORE - 560 004

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…RESPONDENT THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE PROCEEDINGS INITIATED U/S 13(4) OF THE SARFAESI ACT BY THE RESPONDENT BANK ISSUING POSSESSION NOTICE DATED 27.07.2023 BEARING REF.VCB/CO/KST/PN/178/2023-

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HC-KAR

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NC: 2026:KHC:38338 WP No. 19411 of 2023

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CNR: KAHC010455112023

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24 PRODUCED AS ANNEXURE-E IN RESPECT OF SCHEDULE PROPERTY 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 M.G.S. KAMAL

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ORAL ORDER

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1. Learned counsel for the petitioner has filed a memo dated

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24.07.2026 seeking withdrawal of the writ petition, which

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reads as under:

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"Undersigned counsel hereby prays that this Hon'ble Court may be pleased to permit me to withdraw the aforesaid petition as the petitioner cleared the loan to the respondent bank as it stands infructuous. Hence, this petitioner withdraws the aforesaid petition in the interest of Justice and Equity".

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The memo is taken on record.

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Accordingly, the writ Petition is dismissed as

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withdrawn .

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Sd/(M.G.S. KAMAL) JUDGE

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SPV List No.: 1 Sl No.: 7

M/S Chamundi Heat Treaters v. Sir M Visvesvaraya Co-Operative Bank Ltd.

Case brief

What is this about?

What did the court decide?

M/S Chamundi Heat Treaters v. Sir M Visvesvaraya Co-Operative Bank Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

Statutes considered

Procedural history

Parties & counsel

Coram

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