TEXPORT OVERSEAS PVT LTD vs CANARA BANK — WP/3120/2018

Disposed: --ALLOWED on 12th June 2026.

Case disposed Next hearing 07-Jun-2018

CNR: KAHC010008882018

Filing Number

WP/3120/2018

Filing Date

17-Jan-2018

Registration No

WP/3120/2018

Registration Date

17-Jan-2018

Judge

D K Singh , T.m.nadaf

Coram

D K Singh , T.m.nadaf

Bench Type

Division Bench

Category

WP ( 144 )

Sub-Category

DRT-Debts Recovery Tribunals Act ( 57 )

Judicial Branch

Judicial Section

Decision Date

12-Jun-2026

Nature of Disposal

--ALLOWED

Last updated 14-Jun-2026

Petitioner(s)

  1. 1.TEXPORT OVERSEAS PVT LTD

    Adv. BRIJESH PATIL

  2. 2.SMT. NISHA GOENKA

  3. 3.SMT. SHALINI GOENKA

  4. 4.SATISH KUMAR GOENKA

  5. 5.M/S KISHA PVT LTD

Respondent(s)

  1. 1.CANARA BANK

Case History

  1. Case disposedDisposed

  2. 12-Jun-2026

    D K Singh,t.m.nadafView PDF

    Summary The Karnataka High Court dismissed Canara Bank's appeal against Texport Overseas Pvt Ltd in a dispute involving 48 unexecuted Forward Purchase Contracts (FPCs) worth ₹14.55 crores. The court held that the bank catastrophically failed to produce written evidence of the alleged contracts—which banking regulations require—and improperly shifted the burden of proof to the defendants. The court upheld the Debt Recovery Tribunal's dismissal, rejecting the Debt Recovery Appellate Tribunal's reversal as lacking reasoning and contrary to evidence. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 26-Mar-2026

    Preliminary Hearing - B Group

    D K Singh , T.m.nadaf

  4. 23-Mar-2026

    Preliminary Hearing - B Group

    D K Singh , T.m.nadaf

  5. 13-Sep-2021

    Preliminary Hearing

    Aravind Kumar , Pradeep Singh Yerur

  6. 06-Sep-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  7. 18-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  8. 16-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  9. 12-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  10. 09-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  11. 05-Aug-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  12. 31-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  13. 15-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  14. 08-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  15. 25-Jun-2021

    Further Hearing - 2:30 Pm

    Aravind Kumar , N S Sanjay Gowda

  16. 18-Jun-2021

    Further Hearing - 2:30 Pm

    Aravind Kumar , N S Sanjay Gowda

  17. 11-Jun-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  18. 26-May-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  19. 06-Apr-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  20. 23-Mar-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  21. 01-Mar-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  22. 10-Feb-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  23. 05-Feb-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  24. 27-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  25. 18-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  26. 17-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  27. 16-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  28. 15-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  29. 14-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  30. 09-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  31. 08-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  32. 25-Nov-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  33. 24-Nov-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  34. 30-Jan-2019

    Orders

    Ravi Malimath , B M Shyam Prasad

  35. 30-Jan-2019

    Admission

    Ravi Malimath , B M Shyam Prasad

  36. 30-Jan-2019

    Admission

    Ravi Malimath , B M Shyam Prasad

  37. 23-Nov-2018

    Admission

    P.b.bajanthri , L.narayana Swamy

  38. 14-Nov-2018

    Admission

    H.p.sandesh , L.narayana Swamy

  39. 02-Aug-2018

    Admission

    Abhay Shreeniwas Oka (Cj) , R Devdas

  40. 04-Jul-2018

    Admission

    Abhay Shreeniwas Oka (Cj) , Krishna S Dixit

  41. 07-Jun-2018

    First hearing

    Initial hearing scheduled

  42. 17-Jan-2018

    Case filed

    Registration No. WP/3120/2018

casestatus.in Summary

Summary The Karnataka High Court dismissed Canara Bank's appeal against Texport Overseas Pvt Ltd in a dispute involving 48 unexecuted Forward Purchase Contracts (FPCs) worth ₹14.55 crores. The court held that the bank catastrophically failed to produce written evidence of the alleged contracts—which banking regulations require—and improperly shifted the burden of proof to the defendants. The court upheld the Debt Recovery Tribunal's dismissal, rejecting the Debt Recovery Appellate Tribunal's reversal as lacking reasoning and contrary to evidence. This case analysis is maintained by casestatus.in based on publicly available court records.

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