- 1 - NC: 2025:KHC:11792 WP No. 17696 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 17696 OF 2024 (GM-RES) BETWEEN: AVANTI FINANCE PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT #2727, 2ND FLOOR, 1ST MAIN ROAD, HAL 3RD STAGE WARD NO.58 (OLD NO.83) NEW THIPPASANDRA BANGALROE-560075. REP. BY ITS AUTHORISED SIGNATORY MR. RAKSHA, LEGAL ASSOCIATE …PETITIONER (BY SRI. ADITH S.JAHGIRDAR, ADVOCATE) AND: 1. RESERVE BANK OF INDIA POST BOX NO.5467 10/3/8, NRUPATHUNGA ROAD BENGALURU - 560001. Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:11792 WP No. 17696 of 2024 2. THE OMBUDSMAN RESERVE BANK OF INDIA POST BOX NO.5467, 10/3/8, NRUPATHANGA ROAD BANGALORE-560001. 3. FEDERAL BANK LIMITED KOLAZHY BRANCH SREE MADHAVAM, THIROOR, THRISSUR KERALA-680581 REP. BY ITS MANAGER 4. JEEVAN KIRAN A TRUST INCORPORATED UNDER THE TRUSTS ACT, 1882 2/236, KOZHIKKOTTU PUTHENPURAYIL OLIYAPPURAM KOTHATTUKULAM, ERNAKULAM, KERALA-686679 REP. BY ITS AUTHORISED SIGANATORY MR. BENNY K. JOSEPH …RESPONDENTS (BY SRI. PRADEEP S SAWKAR, ADV. FOR R1 AND R2; R3 SERVED BUT UNREPRESENTED V/O DATED 19.12.2024 NOTICE TO R4 IS D/W) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO SET ASIDE THE CLOSURE INTIMATION ISSUED BY THE OMBUSMAN, RESERVE BANK OF INDIA (R2) DTD 02.02.2024, CLOSING THE COMPLAINT FILED BY THE PETITIONER HEREIN BEARING O.RBI/CMS/N202324002018728/2023.24 DTD 20.12.2023. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN B GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - NC: 2025:KHC:11792 WP No. 17696 of 2024 CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER The first respondent has filed a memo. The memo reads as follows: “ MEMO FILED BY RESPONDENT NO.1 Respondent No.1 respectfully submits as follows: That Respondent No.1 is prepared to duly reconsider the complaint filed by the Petitioner against the Respondent No.3 bank As per the Banking Ombudsman Scheme, in this matter. WHEREFORE, it is prayed that this Hon'ble Court may kindly take this memo on record and grant permission for Respondent No.1 to reconsider the complaint involved in the above Petition, in the interests of justice and equity.” 2. The first respondent is seeking permission at the hands of this Court to grant permission to reconsider the complaint preferred by the petitioner. 3. In the light of the memo so filed by the first respondent, wherein the first respondent accepts to reconsider the complaint of the complainant – petitioner, I deem it appropriate to dispose the petition with a direction to - 4 - NC: 2025:KHC:11792 WP No. 17696 of 2024 the respondent – the Ombudsman of Reserve Bank of India to dispose the complaint of the petitioner, on its reconsideration, within four weeks from the date of receipt of the copy of this order. 4. With the aforesaid observations, the petition stands disposed. Sd/- (M.NAGAPRASANNA) JUDGE KG List No.: 2 Sl No.: 15