Bengaluru land dispute: Karnataka High Court orders status quo; Canara Bank’s ₹85 lakh mortgage questioned
The proceedings have also brought before the court questions raised in a writ petition over a mortgage transaction involving Canara Bank, under which title deeds relating to the property were allegedly deposited to secure credit facilities aggregating ₹85 lakh.
Bengaluru, Karnataka, India - The Karnataka High Court has ordered parties in a land dispute to maintain the status quo and prevent the creation of any third-party rights over the disputed parcel of land. The case involves competing claims over 18 guntas of land in Devarabisanahalli village, Varthur Hobli, Bengaluru East Taluk. The disputed parcel was reportedly acquired by the Karnataka Industrial Areas Development Board (KIADB) under the Karnataka Industrial Areas Development Board Act in 2004.
The petitioner, Royal Fragrances Pvt Ltd, claims that the land had already vested in the State following the acquisition proceedings, which contravenes Section 28(5) of the KIADB Act. The bank, Canara Bank, has also been questioned in the writ petition over a mortgage transaction involving a loan of ₹85 lakh. The bank's handling of the transaction has raised concerns, as it was unable to identify the loan or trace the mortgage details when contacted by the petitioner.
The petitioners have requested the court to disclose documents related to the bank's title verification and appraisal process. The High Court, in its interim order passed on August 29, directed the parties to maintain the status quo and restrained them from creating any third-party rights until the next hearing on September 19.
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