IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF MARCH, 2019 BEFORE THE HON’BLE Mr. JUSTICE ALOK ARADHE WRIT PETITION No. 36503/2015 (GM-RES) BETWEEN :
Universal Steel Rolling Mills Pvt. Ltd., A company incorporated under the Companies Act, 1956 Having its registered office at Upahar, No. 4, 12th Main Road Maruti Nagar Malleshpalaya Extn., Bangalore – 560 075. Rep. herein by its Managing Director Mr. Prem Shankar Prasad. … PETITIONER (By Sri. Narendra Dev, H.N., Adv.) AND :
IDBI Bank Limited Specialized Corporate Branch No. 102, Shakthi Comfort Towers K.H. Road, Bangalore – 560 027 Rep. herein by its Branch Manager. … RESPONDENT (By Sri. K.V. Lokesh, Adv.) ---
This Writ Petition is filed under Articles 226 and 227 of the Constitution of India with a prayer to direct the respondent Bank to provide reasonable and suitable opportunity to the petitioner company to consider the one time settlement proposals of the petitioner company and etc.
This Writ Petition coming on for Orders Othis day, the Court passed the following;
O R D E R Sri. Narendra Dev., H.N. Learned counsel for the petitioner.
Sri. K.V. Lokesh, learned counsel for the respondent – Bank.
2. Learned counsel for the parties jointly submits that the writ petition has rendered infructuous by efflux of time. Accordingly, writ petition is dismissed.
LRS.
Sd/- JUDGE.