- 1 - NC: 2025:KHC:483 WP No. 19227 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF JANUARY, 2025 BEFORE THE HON'BLE MR JUSTICE R DEVDAS WRIT PETITION NO. 19227 OF 2023 (GM-RES) BETWEEN: SHRI. SANTOSH BIGAN SHAH, AGED ABOUT 37 YEARS, R/AT B-211, R4, VAKIL MARIGOLD, IGGALUR VILLAGE, NEAR CHANDAPURA BUS DEPOT ANEKAL, BENGALURU - 532 106. …PETITIONER (BY SRI. AJAY M.D, ADVOCATE) AND: 1. THE CHIEF MANAGER/AUTHORISED OFFICER, PUNJAB NATIONAL BANK, SASTRA WEST BANGALORE, NO. 100, MOSQUE ROAD, FRAZER TOWN, BANGALORE - 560 005. 2. THE BANKING OMBUDSMAN, CARE OF RESERVE BANK OF INDIA, 10/3/8, NRUPATHUNGA ROAD, BANGALORE - 560 001, REPRESENTED BY ITS CHIEF EXECUTIVE OFFICER. 3. THE DEPUTY GOVERNOR, APPELLATE AUTHORITY UNDER THE BANKING OMBUSMAN SCHEME, CARE OF RESERVE BANK OF INDIA, Digitally signed by DHARMALINGAM Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:483 WP No. 19227 of 2023 CUSTOMER SERVICE DEPARTMENT, CENTRAL OFFICE, Ist FLOOR, AMAR BLEG, SIR P.M. ROAD, FORT, MUMBAI - 400 001. …RESPONDENTS (BY SMT. NATASHA N. MURTHY, ADVOCATE FOR SRI. VIGNESH SHETTY, ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECTING THE R1 REFUND THE 25 PERCENT OF THE DEPOSIT AMOUNT OF SUM OF RS. 11,87,500/- (RUPEES ELEVEN LAKHS EIGHTY SEVEN THOUSAND FIVE HUNDRED ONLY) WITH INTEREST MARKED ANNX-B THEREON AT 18 PERCENT PER ANNUM OR THE APPLICABLE BANK RATE OF INTEREST AND ETC., THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE R DEVDAS ORAL ORDER Learned counsel on both sides have filed a joint memo which is also signed by both the parties. As stated in the joint memo, the petitioner herein has agreed to accept Rs.11,87,500/- as a full and final settlement at the hands of the respondents. 2. Today, learned counsel for the respondents has tendered a demand draft for a sum of Rs.11,87,500/- to the petitioner. Learned counsel for the petitioner submits that in - 3 - NC: 2025:KHC:483 WP No. 19227 of 2023 view of the joint memo, the writ petition may accordingly be disposed of. 3. Accordingly, the writ petition stands disposed of in view of the amicable settlement between the parties. Sd/- (R DEVDAS) JUDGE rv List No.: 1 Sl No.: 8 CT: BHK