Karnataka High Court
WP/24738/2026 of CHASE OUT TECHNOLOGIES PVT. LTD. Vs STATE OF KARNATAKA, on 24 September 2026
CNR: KAHC010548712026 NC: 2026:KHC:53256 WP No. 24738 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE C.M. POONACHA WRIT PETITION NO. 24738 OF 2026 (GM-POLICE) BETWEEN: CHASE OUT TECHNOLOGIES PVT. LTD. A COMPANY
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 24TH DAY OF SEPTEMBER, 2026
BEFORE
THE HON'BLE MR. JUSTICE C.M. POONACHA
WRIT PETITION NO. 24738 OF 2026 (GM-POLICE)
BETWEEN:
CHASE OUT TECHNOLOGIES PVT. LTD.
A COMPANY REGISTERED
UNDER THE COMPANIES ACT, 2013
HAVING ITS REGISTERED OFFICE
AT NO. 3, 89TH STREET, SECTOR 13,
ASHOK NAGAR, CHENNAI - 600 083
REPRESENTED HEREIN BY ITS
AUTHORIZED REPRESENTATIVE,
MR. SATHYA NARAYANAN,
AGED ABOUT 28 YEARS,
SON OF R. PRABAKARAN,
RESIDING AT, NO.3, 89TH STREET,
SECTOR 13, ASHOK NAGAR, CHENNAI - 600 083
…PETITIONER
(BY SRI. ABHINAV.N, ADVOCATE FOR
SRI. KASHYAP N. NAIK, ADVOCATE)
AND:
1.
STATE OF KARNATAKA,
BY HULIMAVU P S,
REPRESENTED BY THE S.P.P,
HIGH COURT BUILDING,
BANGALORE - 560 001
2.
YES BANK, GROUND FLOOR, OLD NO. 22,
NEW NO. 82, NORTH MADA STREET,
MYLAPORE, CHENNAI – 600 004
…RESPONDENTS
(BY SRI. HARISHA. A. S, AGA FOR R1;
HC-KAR
V/O DATED 11.08.2026,
SRI. FRANCIS XAVIER, ADVOCATE FOR R2)
THIS WP IS FILED UNDER ARTICLE 226 OF THE
CONSITUTION OF INDIA PRAYING TO QUASH THE LETTER / E- MAIL DATED 29/07/2026 ISSUED BY THE RESPONDENT POLICE
TO THE PETITIONERS BANK (ANNX-A).GRANT AN INTERIM
ORDER TO DIRECT THE RESPONDENT POLICE TO IMMEDIATELY
DE-FREEZE AND RESTORE ACCESS TO THE PETITIONERS BANK
ACCOUNT.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE C.M. POONACHA
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ORAL ORDER
Learned counsel for the petitioner has filed a memo seeking permission to withdraw the writ petition, which reads as under: "MEMO FILED BY THE PETITIONER
The under signed counsel for Petitioner most respectfully submits as under:
It is submitted that the present writ petition is filed challenging the letter dated 29.07.2026 issued by the Respondent police to Yes Bank freezing the current account (No. 059481400005288 at Yes Bank, Mylapore, Chennai Branch) of the Petitioner and seeking appropriate directions to the Respondent police to follow due process of law in the investigation of Cr. No. 245/2026.
It is submitted that the Respondent police have since defreezed the current account of the Petitioner during the pendency of this petition, and as such, the grievance Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA
HC-KAR
of the Petitioner stands resolved and the above petition has become infructuous.
WHEREFORE, it is respectfully prayed that this Hon'ble Court be pleased to receive the instant memo on record and to dispose of the above matter as having become infructuous, in the interests of justice and equity."
Place: Bangalore
Sd/-
Date: 17.8.2026
Advocate for Petitioner"
2. In view of the same, the petition is dismissed as withdrawn.
3. This order will not preclude the petitioner from availing other remedies as permissible under law.
4. Certified copies/originals be returned to the learned counsel for the petitioner on same being replaced with photo copies thereof.
Pending IAs., if any, stand disposed of.
(C.M. POONACHA) JUDGE
Vmb List No.: 3 Sl No.: 3
Digitally Signed by CHEPPUDIRA MONNAPPA POONACHA