TEXPORT OVERSEAS PVT LTD vs CANARA BANK — WP/24893/2016

Disposed: Contested--DISMISSED on 12th June 2026.

Case disposed Next hearing 26-Apr-2016

CNR: KAHC010052622016

Filing Number

WP/24893/2016

Filing Date

25-Apr-2016

Registration No

WP/24893/2016

Registration Date

25-Apr-2016

Judge

D K Singh , T.m.nadaf

Coram

D K Singh , T.m.nadaf

Bench Type

Division Bench

Category

WP ( 144 )

Sub-Category

RES-Residuary ( 34 )

Judicial Branch

Judicial Section

Decision Date

12-Jun-2026

Nature of Disposal

Contested--DISMISSED

Last updated 14-Jun-2026

Petitioner(s)

  1. 1.TEXPORT OVERSEAS PVT LTD

    Adv. RAJESWARA.P.N

Respondent(s)

  1. 1.CANARA BANK

Case History

  1. Case disposedDisposed

  2. 12-Jun-2026

    D K Singh,t.m.nadafView PDF

    Summary The High Court of Karnataka dismissed Canara Bank's appeal against Texport Overseas Pvt Ltd regarding 48 alleged Forward Purchase Contracts (FPCs) worth Rs. 14.55 crores. The court found that the Bank catastrophically failed to produce conclusive written evidence of the FPC bookings despite bank regulations requiring contracts to be in writing. Key findings: the bank did not produce signed contract notes, authorization letters for the alleged employee (Dinesh Singh), or examination of the material witness (Mrs. Vijaya Kamath). The court confirmed the DRT's dismissal, emphasizing that banks handling public money must strictly adhere to RBI guidelines. 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. 04-Mar-2026

    Preliminary Hearing - B Group

    D K Singh , S Rachaiah

  6. 13-Feb-2026

    Preliminary Hearing - B Group

    D K Singh , S Rachaiah

  7. 27-Jan-2026

    Preliminary Hearing - B Group

    D K Singh , S Rachaiah

  8. 12-Jan-2026

    Preliminary Hearing - B Group

    D K Singh , S Rachaiah

  9. 27-Jan-2022

    Preliminary Hearing - B Group

    Alok Aradhe , Anant Ramanath Hegde

  10. 06-Sep-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  11. 23-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  12. 18-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  13. 16-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  14. 12-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  15. 11-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  16. 09-Aug-2021

    Further Hearing

    Aravind Kumar , Pradeep Singh Yerur

  17. 05-Aug-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  18. 31-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  19. 15-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  20. 08-Jul-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  21. 25-Jun-2021

    Further Hearing - 2:30 Pm

    Aravind Kumar , N S Sanjay Gowda

  22. 18-Jun-2021

    Further Hearing - 2:30 Pm

    Aravind Kumar , N S Sanjay Gowda

  23. 11-Jun-2021

    Further Hearing

    Aravind Kumar , N S Sanjay Gowda

  24. 09-Jun-2021

    Further Hearing - 2:30 Pm

    Aravind Kumar , N S Sanjay Gowda

  25. 04-Jun-2021

    Preliminary Hearing In B-Group - 2:30Pm

    Aravind Kumar , N S Sanjay Gowda

  26. 03-Jun-2021

    Preliminary Hearing - B Group

    Aravind Kumar , N S Sanjay Gowda

  27. 26-May-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  28. 06-Apr-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  29. 23-Mar-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  30. 01-Mar-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  31. 10-Feb-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  32. 05-Feb-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  33. 27-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  34. 18-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  35. 13-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Pradeep Singh Yerur

  36. 06-Jan-2021

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  37. 17-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  38. 16-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  39. 15-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  40. 14-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  41. 09-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  42. 08-Dec-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  43. 25-Nov-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  44. 24-Nov-2020

    Preliminary Hearing - B Group

    Aravind Kumar , Shivashankar Amarannavar

  45. 21-Jan-2020

    Orders

    Aravind Kumar , N S Sanjay Gowda

  46. 25-Feb-2019

    Admission

    Alok Aradhe

  47. 25-Feb-2019

    Admission

    Alok Aradhe

  48. 07-Feb-2019

    Admission

    Alok Aradhe

  49. 23-Jan-2019

    Admission

    Alok Aradhe

  50. 09-Jan-2019

    Admission

    B M Shyam Prasad

  51. 03-Oct-2017

    Admission

    A.s.bopanna

  52. 13-Jul-2016

    Admission

    S.abdul Nazeer

  53. 30-Jun-2016

    Admission

    S.abdul Nazeer

  54. 23-Jun-2016

    Admission

    S.abdul Nazeer

  55. 26-Apr-2016

    First hearing

    Initial hearing scheduled

  56. 25-Apr-2016

    Case filed

    Registration No. WP/24893/2016

casestatus.in Summary

Summary The High Court of Karnataka dismissed Canara Bank's appeal against Texport Overseas Pvt Ltd regarding 48 alleged Forward Purchase Contracts (FPCs) worth Rs. 14.55 crores. The court found that the Bank catastrophically failed to produce conclusive written evidence of the FPC bookings despite bank regulations requiring contracts to be in writing. Key findings: the bank did not produce signed contract notes, authorization letters for the alleged employee (Dinesh Singh), or examination of the material witness (Mrs. Vijaya Kamath). The court confirmed the DRT's dismissal, emphasizing that banks handling public money must strictly adhere to RBI guidelines. This case analysis is maintained by casestatus.in based on publicly available court records.

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