Karnataka High Court
WP/29384/2026 of M/S MAHALAKSHMI RICE MILL Vs CANARA BANK on 25 September 2026
CNR: KAHC010644072026 NC: 2026:KHC:53360 WP No. 29384 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 25TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE C.M. POONACHA WRIT PETITION NO. 29384 OF 2026 (GM-DRT) BETWEEN: 1. M/S MAHALAKSHMI RICE MILL NO.107, YAGAVAKOTE
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 25TH DAY OF SEPTEMBER, 2026
BEFORE
THE HON'BLE MR. JUSTICE C.M. POONACHA
WRIT PETITION NO. 29384 OF 2026 (GM-DRT)
BETWEEN:
1.
M/S MAHALAKSHMI RICE MILL
NO.107, YAGAVAKOTE VILLAGE,
MURUGAMALLA HOBLI,
YAGAVAKOTE VILLAGE AND POST,
CHINTHAMANI TALUK,-563146.
REPRESENTED BY ITS PROPRIETRIX,
SMT.K.R.SRILAKSHMI
(PRINCIPAL BORROWER/MSME UNIT)
2.
SMT. K. R. SRILAKSHMI
AGED AROUND 50 YEARS
YAGAVAKOTE VILLAGE,
MURUGAMALLA HOBLI
YAGAVAKOTE VILLAGE AND POST,
CHINTHAMANI TALUK,-563146
(PROPRIETOR/BORROWER UNIT)
3.
SRI. RAMESH.R.
AGED AROUND 49 YEARS
H.L.NO.196/285 AND 286,
YAGAVAKOTE VILLAGE,
MURUGAMALLA HOBLI,
CHINTHAMANI TALUK - 563146
(GUARANTOR)
4.
SRI. VENKATA RANGAIAH SHETTY,
S/O. MR.LAKSHMAIAH,
HC-KAR
AGED AROUND 63 YEARS
NO.500, 9TH CROSS, RAJAJINAGAR,
BENGALURU-560010
(GUARANTOR)
…PETITIONERS
(BY SRI. V MOHAN.,ADVOCATE)
AND:
1.
CANARA BANK
ASSET RECOVERY MANAGEMENT BRANCH-1,
NO.86, SPENCER TOWER, M.G.ROAD,
BANGALORE-560001
REPRESENTED BY ITS AUTHORIZED OFFICER,
SRI. RAJENDRA TRIPATHY
(LENDER BANK-REGISTERED UNDER
COMPANIES ACT )
…RESPONDENT
(BY SRI. VIKRAN UNNI, RAJAGOPAL,ADVOCATE)
THIS WP IS FILED UNDER ARTICLES 226 & 227 OF THE
CONSTITUTION
OF
INDIA
PRAYING
TO
QUASH
THE
RESPONDENT
BANKS
VIDE
NO.
ARM-1/CR-710/2026/KK
AUCTION SALE NOTICE DATED 29.08.2026 (ANNX-A) THE
AUCTION SALE AND ITS PROCEEDINGS DATED 16.09.2026 AS
NOTIFIED IN THE AUCTION SALE NOTICE (ANNX-A) IN
RESPECT OF THE IMMOVABLE ASSETS BELONGING TO 1ST
PETITIONER/MSME.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE C.M. POONACHA
HC-KAR
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ORAL ORDER
The present writ petition is filed seeking for the following reliefs: "a) To quash the Respondent Bank's vide No.ARM- 1/CR-710/2026/KK auction sale notice dated 29/08/2026 (ΑNNEXURE:A), the auction sale and its proceedings dated 16/09/2026 as notified in the auction sale notice (ANNEXURE:A) in respect of the immovable assets belonging to 1st Petitioner/MSME in the interest of justice and equity; (b) To grant such other reliefs/orders which this Hon'ble Court deems fit and proper under the facts and circumstances stated above in the interest of justice and equity."
2. The petitioners seeks to assail the auction that was proposed to be conducted vide the notice said 29.08.2026 (Annexure - A to the writ petition). The auction sale was scheduled to be held on 16.09.2026.
3. Learned counsel for the respondent has filed a memo dated 21.09.2026 placing on record that the auction dated 16.09.2026 was deferred for want of bidders. Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA
HC-KAR
4. In view of the aforementioned, no further orders are to be passed in the writ petition. Accordingly, the present writ petition stands disposed of.
5. This order will not preclude the petitioner from availing such remedies as permissible under law.
(C.M. POONACHA) JUDGE
ND List No.: 1 Sl No.: 48
Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA