Ncdex Emarkets Limited v. Canara Bank
Case brief
What is this about?
WP No. 21531 of 2023 (GM-DRT), High Court of Karnataka, decided 20-01-2026 by Ashok S. Kinagi J. Petitioner NCDEX EMarkets Ltd (formerly NCDEX Sport Exchange Ltd) versus respondents Canara Bank, CNX Corporation Ltd and Sri Venkata Surendra. Concerns DRT Bangalore O.A. No. 472/2019, impugned order dated 23/07/2021 against IA No. 758/2020, and IA No. 1659/2020 under Section 22(h) Recovery of Debts and Bankruptcy Act 1993 read with Order VII Rule 11 CPC. Dismissed as rendered infructuous after DRT allowed the O.A. on 31.07.2025.
What did the court decide?
In view of the memo filed by learned counsel for the petitioner reporting that the Debts Recovery Tribunal allowed O.A. No. 472/2019 by order dated 31.07.2025, the writ petition stood rendered infructuous and was accordingly dismissed. ¶33