CEREBRA INTEGRATED TECHNOLOGIES LIMITED v. CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH-II
Court: High Court of Karnataka
Bench: ASHOK S.KINAGI
Judgment date:
Case summary
High Court of Karnataka judgment dated 2026-01-23. CEREBRA INTEGRATED TECHNOLOGIES LIMITED v. CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH-II. Read the...
Judgment text
- 1 - WP No. 1909 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU RD DATED THIS THE 23 DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S. KINAGI WRIT PETITION NO. 1909 OF 2026 (GM-DRT) BETWEEN: CEREBRA INTEGRATED TECHNOLOGIES LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT S-5, OFF 3RD CROSS PEENYA INDUSTRIAL AREA ST PEENYA 1 STAGE BENGALURU 560058 REP BYITS DIRECTOR MR VISHWAMURTHY Digitally signed by KIRAN …PETITIONER KUMAR R Location: HIGH (BY SRI. NARENDRA DEV H N. , ADV. ) COURT OF KARNATAKA AND: 1. CANARA BANK ASSET RECOVERY MANAGEMENT BRANCH-II HAVING OFFICE AT 2ND FLOOR C O BUILDING No. 86 SPENCER TOWERS, M G ROAD BANGALORE 560001 REP BY ITS AUTHORIZED OFFICER - 2 - WP No. 1909 of 2026 2. THE CHIEF GENERAL MANAGER CANARA BANK CIRCLE OFFICE HAVAING OFFICE AT #86 SPENCER’S TOWERS 1ST FLOOR, M G ROAD BANGALORE 560001 3.
CANARA BANK A BANKING COMPANY CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 HAVING ITS REGISTERED AND HEAD OFFICE AT J C ROAD BANGALOE 560002 REP BY HEREIN BY ITS MANAGER …RESPONDENTS THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECTING THE RESPONDENTS TO POSITIVELY CONSIDER THE PETITIONERREPRESENTATIONS DATED 20/01/2026 ANNEXURE-J AND ONE TIME SETTLEMENT (OTS) OFFER, AND TO COMMUNICATE TO THE PETITIONER, IN A TIME-BOUND MANNER, A VIABLE SETTLEMENT AMOUNT OR FRAMEWORK THAT WOULD BE ACCEPTABLE TO THE BANK TO FACILITATE A FINAL RESOLUTION OF THE OUTSTANDING DUES AS PER PETITIONER LETTER DTD 21. 01. 2026 AT ANNEXURE-L AND ETC. , THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - WP No. 1909 of 2026 CORAM: HON'BLE MR. JUSTICE ASHOK S.
KINAGI ORAL ORDER The petitioner has filed this petition seeking the following reliefs: a) Issue a writ of mandamus or such other writ, order or direction, directing the respondents to positively consider the petitioner’s representations and One Time Settlement (OTS) offer, and to communicate to the petitioner, in a time-bound manner, a viable settlement amount or framework that would be acceptable to the Bank to facilitate a final resolution of the outstanding dues as per petitioner’s letter dated 21. 01. 2026 at Annexure-L; and b) Pass such other appropriate and/or necessary orders as this Hon’ble Court may deem fit in the given facts and circumstances of this case, in the interests of justice and equity. 2. The petitioner has submitted the representation to consider the case of the petitioner for one time settlement, and to communicate the same to the petitioner. The petitioner has produced Annexure-K dated 21. 01. 2026. A similar representations were submitted by - 4 - WP No.
1909 of 2026 the petitioners, and same were rejected by the bank vide communication dated 21. 01. 2026. 3. In view of the same, I do not find any grounds to entertain the writ petition. According, the writ petition is dismissed. 4. Pending applications, if any, stands disposed off accordingly. Sd/- (ASHOK S. KINAGI) JUDGE SSB
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