- 1 - NC: 2025:KHC:14336-DB WA No. 16 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 3RD DAY OF APRIL, 2025 PRESENT THE HON'BLE MR. N.V. ANJARIA, CHIEF JUSTICE AND THE HON'BLE MR. JUSTICE K.V. ARAVIND WRIT APPEAL NO. 16 OF 2025 (GM-RES) BETWEEN: 1. SATCHMO HOLDINGS LIMITED FORMERLY KNOWN AS NITESH ESTATES PVT. LIMITED A COMPANY REGISTERED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.110 A WING, LEVEL 1, ANDREWS BUILDING M.G.ROAD, BENGALURU-560001 REPRESENTED BY ITS AUTHORIZED SIGNATORY SRI K.B. SWAMY 2. MARATHALLI VENTURES PRIVATE LIMITED FORMERLY KNOWN AS NITESH URBAN DEVELOPMENT PVT. LTD., A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.15/45 LEVEL 1A, 4TH CROSS, CAMBRIDGE ROAD HALASURU, BENGALURU-560008 Digitally signed by PRABHAKAR SWETHA KRISHNAN Location: High Court of Karnataka - 2 - NC: 2025:KHC:14336-DB WA No. 16 of 2025 REPRESENTED BY ITS AUTHORIZED SIGNATORY SRI K.B. SWAMY 3. NORTHROOF VENTURES PRIVATE LIMITED FORMERLY KNOWN AS NITESH HOUSING DEVELOPERS PVT. LTD., A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.1/B FIRST FLOOR, NO.41, CASTLE STREET OPPOSITE SACRED HEART CHURCH RICHMOND ROAD, ASHOK NAGAR RICHMOND TOWN, BANGALORE-560 025 REPRESENTED BY ITS AUTHORIZED SIGNATORY SRI K.B. SWAMY …APPELLANTS (BY SRI S S NAGANAND, SENIOR ADVOCATE FOR MS. SUMANA NAGANAND, ADVOCATE) AND: 1. RESERVE BANK OF INDIA 4TH FLOOR, RBI BYCULLA OFFICE BUILDING OPP. MUMBAI CENTRAL RAILWAY STATION BYCULLA, MUMBAI-400008 REPRESENTED BY ITS GOVERNOR 2. RESERVE BANK OF INDIA DEPARTMENT OF SUPERVISION - 3 - NC: 2025:KHC:14336-DB WA No. 16 of 2025 RESERVE BANK OF INDIA CENTRE I WORLD TRADE CENTRE CUFFE PARADE COLABA MUMBAI-400005 REPRESENTED BY ITS CHIEF GENERAL MANAGER-IN-CHARGE 3. CENTRAL FRAUD MONITORING CELL DEPARTMENT OF BANKING SUPERVISION RESERVE BANK OF INDIA, 10/3/8 NRUPATHUNGA ROAD, P.B 5467 BENGALURU-560001 REPRESENTED BY ITS GENERAL MANAGER 4. J .C FLOWERS ASSET RECONSTRUCTION PVT. LTD., 12TH FLOOR, CROMPTON GREAVES HOUSE DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400030 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR. RAHUL RANA 5. YES BANK LTD. YES BANK HOUSE OFF WESTERN EXPRESS HIGHWAY SANATACRUZ (EAST), MUMBAI-400055 REPRESENTED BY ITS MANAGING DIRECTOR …RESPONDENTS (BY SRI RAJESH VELLAKATT, ADVOCATE FOR R-1 TO 3; SRI DHANANJAY V JOSHI, SENIOR ADVOCATE A/W SRI U VACHAN, ADVOCATE FOR MS. PIRAZ MEHTA, ADVOCATE FOR C/R-4) - 4 - NC: 2025:KHC:14336-DB WA No. 16 of 2025 THIS WRIT APPEAL IS FILED UNDER SECTION 4 OF THE KARNATAKA HIGH COURT ACT, 1961, PRAYING TO SET ASIDE THE ORDER DATED 19.12.2024 PASSED BY THE LEARNED SINGLE JUDGE IN WRIT PETITION NO.31845/2024 INSOFAR AS IT VACATES THE INTERIM ORDER DATED 28.11.2024 AND CONSEQUENTLY EXTEND THE INTERIM ORDER DATED 28.11.2024. THIS APPEAL, COMING ON FOR PRELIMINARY HEARING, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE THE CHIEF JUSTICE MR. JUSTICE N. V. ANJARIA and HON'BLE MR JUSTICE K. V. ARAVIND ORAL JUDGMENT (PER: HON'BLE THE CHIEF JUSTICE MR. JUSTICE N. V. ANJARIA) Learned Senior Advocate Mr. S.S. Naganand for learned advocate Ms. Sumana Naganand for the appellants seeks permission to withdraw the present appeal. 2. Permission is granted. 3. The appeal is dismissed as withdrawn. - 5 - NC: 2025:KHC:14336-DB WA No. 16 of 2025 Liberty is reserved for both the sides to raise all available contentions before learned Single Judge, however, this court does not express any opinion on the merits of the case. In view of dismissal of the appeal, the interlocutory applications would not survive and they stand accordingly disposed of. Sd/- (N. V. ANJARIA) CHIEF JUSTICE Sd/- (K. V. ARAVIND) JUDGE KPS List No.: 1 Sl No.: 121