IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26TH DAY OF JULY 2019 BEFORE THE HON’BLE MR. JUSTICE ALOK ARADHE WRIT PETITION NO.1178 OF 2019 (GM-DRT) BETWEEN:
1. M/S.TRINITY INVESTMENT CASTINGS (INDIA) PVT. LTD. TRINITY COMPLEX, NO.43 80 FEET ROAD OPP. HP PETROL BUNK HBR LAYOUT, K.K.HALLI KALYAN NAGAR POST BANGALORE-560 043 2. SRI JALADI VARAPRASAD RAO S/O.LATE ELISHA RAO AGED ABOUT 73 YEARS R/AT NO.61, 2ND MAIN 1ST BLOCK, 1ST STAGE HBR LAYOUT KALYAN NAGAR POST BANGALORE-560 043 3. SMT.DASARI MARY JAYASHREE W/O.SRI JALADI VARAPRASAD RAO R/AT NO.61, 2ND MAIN 1ST BLOCK, 1ST STAGE, HBR LAYOUT KALYAN NAGAR POST BANGALORE-560 043 … PETITIONERS (BY SRI THOMAS V. PETER, ADVOCATE [ABSENT]) AND:
M/S. CORPORATION BANK A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980 (ACT V OF 1980) HAVING ITS HEAD OFFICE AT MANGALA DEVI TEMPLE ROAD MANGALORE, KARNATAKA STATE AND BRANCHES INTER ALIA ONE AT NO.163, 9TH MAIN, 3RD CROSS RMV EXTENSION SADASHIVANAGAR BANGALORE-560 080 REPRESENTED BY ITS CHIEF MANAGER SRI C.P.AJITH KUMAR … RESPONDENT THIS WRIT PETITION IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE ORDER DATED 16.04.2018 (ANNEXURE-A) PASSED BY THE DEBT RECOVERY TRIBUNAL-I, BENGALURU ON IA.NO.375/2018 IN OA.NO.1041/2016.
THIS WRIT PETITION COMING ON FOR ORDERS THIS DAY, THE COURT MADE THE FOLLOWING:
O R D E R None for the petitioners.
2. In this petition, the petitioners inter alia have assailed the validity of the order dated 16.04.2018 passed by the Debts Recovery Tribunal-I, Bangalore. By the order, the petitioners were directed to furnish security equivalent to OA amount before next date of hearing failing which interim relief sought in I.A.No.375/2018 would be allowed and the matter was fixed on 21.06.2018.
3. The writ petition is pending before this Court since 08.01.2019 in which no interim order has been passed. It appears that by efflux of time, the order has lost its efficacy. Therefore, nothing survives for adjudication in this petition.
Accordingly, the petition is dismissed as having become infructuous.
Sd/- JUDGE hkh.