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2025 DAILYLAW 22628 (KAR)

SRI. LAKSHMI JEWELLER v. THE AUTHORIZED OFFICER

WP/11669/2021 · 2025-03-12

Suraj Govindaraj

body2025

Judgment text

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- 1 - NC: 2025:KHC:10521 WP No. 11669 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE SURAJ GOVINDARAJ WRIT PETITION NO.11669 OF 2021 (GM-RES) BETWEEN: SRI. LAKSHMI JEWELLER BY ITS PROPRIETOR SRI.M. G.JAGADISH S/O. M.S. GANESH AGED ABOUT 46 YEARS NO.18-19/26, LAKSHMI NILAYA 2ND CROSS, BALAJI NAGAR S.G. PALYA BENGALURU - 560 029 …PETITIONER (BY SRI. SANDHYA U PRABHU, ADVOCATE) AND: THE AUTHORIZED OFFICER CANARA BANK SINGASANDRA BRANCH BENGALURU - 560 068. …RESPONDENT (BY SRI.SANDEEP KATTI, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF CONSTITUTION OF INDIA PRAYING TO DIRECT RESPONDENT TO RESTRUCTURE THE LOAN ACCOUNT AS PER RBI GUIDELINES DATED 05.05.2021 VIDE ANNEXURE-H AND ETC. Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:10521 WP No. 11669 of 2021 THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following reliefs: i) Issue a writ in the nature of mandamus directing respondent to restructure the loan account as per RBI Guidelines dated 05.05.2021 vide Annexure-H bearing No.RBI/2021-22/32 DOR.STR.REC.12/ 21.04.048/2021-22. ii) Issue a writ of certiorari quashing the endorsement issued by the respondent sent by Email dated 23.06.2021 vide Annexure-F. iii) Issue a Such further and other reliefs as this Hon'ble Tribunal may consider fit and proper in the facts and circumstances of the case, in the interest of justice and equity. 2. Memo dated 12.03.2025 has been filed by the counsel for the petitioner, which reads as under: "The undersigned counsel appearing for the petitioner submits that the petitioner has agreed to close the loan account by 15.05.2025 by way of one time settlement which was agreed before the National Lok Adalath Bench at Bengaluru in O.A.No.759/2023 and the copy of the joint memo - 3 - NC: 2025:KHC:10521 WP No. 11669 of 2021 and the award copy are produced for the kind reference of this Hon'ble Court, which may kindly be accepted in the interest of justice." 3. Accepting the said memo and submission of the learned counsel for the petitioner, petition stands dismissed as withdrawn. SD/- (SURAJ GOVINDARAJ) JUDGE NBM List No.: 1 Sl No.: 11