- 1 - NC: 2025:KHC:9251 WP No. 25328 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 4TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 25328 OF 2024 (GM-RES) BETWEEN: 1. CHAMUNDI INDUSTRIES LTD., A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956, HAVING ITS REGISTERED ADDRESS AT, NO. 27, 1ST FLOOR, 20TH A MAIN, 8TH BLOCK, KORAMANGALA, BANGALORE - 560 095. REPRESENTED BY ITS DIRECTOR MAHENDER KUMAR GUPTA. 2. MAHENDER KUMAR GUPTA S/O LATE N.R. GUPTA, AGED ABOUT 68 YEARS, NO. 27, 20TH MAIN, 8TH BLOCK, KHB COLONY, BANGALORE - 560 095. 3. PAVAN KUMAR GUPTA S/O LATE N R GUPTA, AGED ABOUT 64 YEARS, NO. 28, 1ST FLOOR, 20TH A MAIN, 8TH BLOCK, KORAMANGALA, BANGALORE - 560 095. …PETITIONERS (BY SRI. VIKRAM UNNI RAJAGOPAL, ADVOCATE) Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:9251 WP No. 25328 of 2024 AND: IDBI BANK LIMITED, NMG BRANCH, IDBI HOUSE, 58, 2ND FLOOR, MISSION ROAD BENGALURU - 560 027, REPRESENTED BY ITS DEPUTY GENERAL MANAGER. …RESPONDENT (BY SRI. SUHAS T.L., ADVOCATE AND SMT. VINATHRA SRINVASAN, ADVOCATE) THIS WP IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO i) ORDER OR DIRECTION TO QUASH THE IMPUGNED SHOW CAUSE NOTICE BEARING NO. IBDI/2024-25/CIL/NMG/111 DATED 19/08/2024 (ANNX-A) ISSUED BY THE RESPONDENT AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER The petitioners are before this Court calling in question a show cause notice issued by the respondent seeking to show cause as to why the account of the petitioners should not be classified as a fraud. 2. During the subsistence of the petition, it transpires that the petitioners and the Bank have come to a truce - 3 - NC: 2025:KHC:9251 WP No. 25328 of 2024 The truce is quid pro quo, as the respondent-Bank is wanting to withdraw the show cause notice, and the petitioners are wanting to make the payment. Therefore, the learned counsel for the respondent submits that the payment is made today and the show cause notice would be withdrawn, without brooking any further delay. 3. Based on the said submission, the learned counsel appearing for the petitioners submits that the petition be disposed as having settled, in the aforesaid manner. 4. In the light of the said submissions and recording the same, the petition is thus disposed. Ordered accordingly. Sd/- ______________________ JUSTICE M.NAGAPRASANNA SJK List No.: 2 Sl No.: 8 CT: BHK