Sri Venkateshwra Enterprises v. the Authorised Officer
Case brief
What is this about?
NC: 2026:KHC:19039 | WP No. 22821 of 2021 (GM-DRT), High Court of Karnataka at Bengaluru, Lalitha Kanneganti J., order dated 07.04.2026. Petitioners (Venkateshwra Enterprises rep. by Chikkanna C.; Padmavathi B.; Kishore Kumar C.) sought quashing of the DRT-2 Bangalore interim stay order of 08.11.2021 in I.A.No.2460/2021 (in S.A.No.345/2021) under Section 22(2)(g) of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, which conditioned stay on two payments of Rs. 25,00,000 each (by 26.11.2021 and 03.12.2021) into the loan account with respondent Authorised Officer, City Union Bank Limited. Petitioners' counsel (A.T. Mallya) was absent on 06.04.2026 and again on the disposal date; the writ petition was dismissed for non-prosecution. No merits issue decided; no precedent engaged.
What did the court decide?
There was no representation for the petitioners when the matter came up on 06.04.2026 and again on the hearing date; it appeared the petitioners were not interested to pursue the matter.