THE HIGH COURT OF KARNATAKA
M.G.S. Kamal, J
S Kantharaju – Appellant
Versus
Uco Bank – Respondent
| Table of Content |
|---|
| 1. dismissal of a writ petition due to the underlying cause of action becoming infructuous upon the failure of an e-auction. (Para 1 , 2 , 3 , 4) |
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO ISSUE A WRIT OF CERTIORARI QUASHING THE IMPUGNED E AUCTION PUBLIC NOTICE DATED 05.07.2023 AUCTION SALE HELD ON 27.07.2023 PUBLISHED IN THE DAILY KANNADA NEWSPAPER I.E KANNADA PRABHA DTD 06.07.2023 ISSUED UNDER SARFAESI Act 2022 ISSUED BY THE RESPONDENT BANK AS PER ANNEXURE-E AND ETC.
THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL
ORAL ORDER
Learned counsel for respondents files a memo which read as under:
"The Respondent respectfully submits that the immovable property mortgaged by the petitioner was brought for sale by way of e-auction pursuant to the sale notice dated 05.07.2023, fixing the date of auction as 27.07.2023. However, the proposed auction sale could not be conducted on the scheduled date as there were no participants/bidders in the said e-auction process. Consequently, no auction sale was held, no bid was received, a
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.