- 1 - NC: 2025:KHC:18144 WP No. 24995 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 29TH DAY OF APRIL, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 24995 OF 2022 (GM-RES) BETWEEN: 1. VISHESH TEKRIWAL AGED ABOUT 33 YEARS, S/O. MANOJ TEKRIWAL, 2. SUNITA TEKRIWAL AGED ABOUT 55 YEARS, W/O. MANOJ TEKRIWAL, BOTH RESIDING AT 241, EMBASSY MEADOWS, ST BED LAYOUT, KORAMANGALA, BANGALORE-560 034. 3. JYOTHI KUMAR INDRASINGH AGED ABOUT 40 YEARS, S/O. JAMESH KUMAR INDRASINGH, R/O. C304, AJMERA STONE PARK, 1ST CROSS ROAD, NEELADRI NAGAR, ELECTRONIC CITY PHASE 1, BANGALORE-560 100. 4. SHEKAR BARUA AGED ABOUT 44 YEARS, S/O. LATE P. K. BARUAH, 5. SMRITA BARUAH AGED ABOUT 30 YEARS, D/O. SWAPAN BARUAH, BOTH RESIDING AT NO. 201, PRUTHVI PARADISE 5 AND 6, Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:18144 WP No. 24995 of 2022 1ST MAIN, DORESANIPALYA, KRISHNAMRAJU LAYOUT, J. P. NAGAR, 7TH PHASE, BANGALORE-560 076. 6. BABITHA SHENOY AGED ABOUT 41 YEARS, D/O. MOHANDAS SHENOY, 7. VINAYAK SHENOY AGED ABOUT 40 YEARS, S/O. CHANDRAKANTH SHENOY, BOTH RESIDING AT 136, MAHAVEER LAUREL, 2ND CROSS, MANJUNATHA LAYOUT, KODICHIKKANAHALLI, BANGALORE. 8. SEEMA SHENOY AGED ABOUT 42 YEARS, D/O. MOHANDAS SHENOY, REP. BY THEIR GPA HOLDER MR. VINAYAK SHENOY 9. GIRISH A NAYAK AGED ABOUT 42 YEARS, S/O. T. ANANTTHARAYA NAYAK, BOTH RESIDING AT NO.16/1, SRI NARASIMHA KRUPA, 3RD CROSS, K.V. LAYOUT, JAYANAGAR, 4TH BLOCK, BANGALORE-560 011, REPRESENTED BY THEIR GPA HOLDER, MR. VINAYAK SHENOY. 10. AMIT KUMAR AGED ABOUT 38 YEARS, S/O. MR. CHANDRA BHAN, 11. GARIMA KUMAR AGED ABOUT 35 YEARS, W/O. AMIT KUMAR, RESIDING AT T1-901, NAVAMI FUNIQUE, - 3 - NC: 2025:KHC:18144 WP No. 24995 of 2022 HOSUR MAIN ROAD NEAR HOSA ROAD JUNCTION, BANGALORE-560 100. 12. MUDITH MEHRA AGED ABOUT 42 YEARS, S/O. MADAN LAL MEHRA, R/O. H649, DIVYASHREE ROW, KUNDALAHALLI, WHITEFIELD, BANGALORE-560 066 13. SAMARPRITA NAYAK AGED ABOUT 37 YEARS, D/O. NIRODHUSAN NAYAK, 14. DEBADUTTA RATHA S/O HARIHAR RATHA AGED ABOUT 43 YEARS BOTH R/A FLAT NO.G36 BLOCK B, SLS SPENDOR DEVARABISANAHALLI BANGALORE-560103 15. ASHIRWAD GOSWAMI S/O DR NANDA DULAL GOSWAMI AGED ABOUT 40 YEARS R/O G-18, HABITAT IRENIC CHOODASANDRA, HOSA ROAD BANGALORE-560099 16. SUMEET SAMUEL MACLAY S/O SUSHIL KUMAR MACLAY AGED ABOUT 40 YEARS 17. DIANA REBECCA GADDAM W/O SUMEET SAMUEL MACLAY AGED ABOUT 39 YEARS BOTH R/A B1401, AJMERA INFINITY NEELADRI ROAD ECITY PHASE I-560100 18. SREEJISH KUMAR AGED ABOUT 38 YEARS S/O KUNHI KELU P - 4 - NC: 2025:KHC:18144 WP No. 24995 of 2022 19. BIVITHA BALAKRISHNAN AGED ABOUT 37 YEARS W/O SREEJISH KUMAR BOTH RESIDING AT FLAT NO.701 SY NO.76/2 AND 3, KADUBEESANAHALLI PANATHUR BANGALORE-560103. 20. BASUNDHARA SHARAN AGED ABOUT 40 YEARS W/O AMIT SHARAN 21. AMIT SHARAN AGED ABOUT 41 YEARS S/O MAITHALI SHARAN BOTH R/AT M511 ITTINA MAHAVEER NEELADRI, E-CIT-I BANGALORE-560100. 22. TIPPANNA BILEKKAL AGED ABOUT 59 YEARS S/O HANAMAPPA BILEKALL 23. JAYAPRAKASH BILEKALL AGED ABOUT 32 YEARS S/O TIPPANNA BILEKAL BOTH RESIDING AT C-011 GR ELYSIUM3 JR COLLEGE ROAD BELATHUR COLONY KADUGODI BANGALORE-560067. 24. SAMOJIT DAS AGED ABOUT 37 YEARS S/O MR ABHIJIT DAS 25. DEBARATI DAS AGED ABOUT 36 YEARS W/O MR SAMOJIT DAS BOTH RESIDING AT NO.207 - 5 - NC: 2025:KHC:18144 WP No. 24995 of 2022 SAI PARIWAR APARTMENT 9TH CROSS, ANANTHANAGAR PHASE-II BANGALORE-560100. 26. LAVANYA NETHINTI AGED ABOUT 34 YEARS D/O N VAIKUNTA RAO R/O 226 BLOCK A MAHAVEER LAUREL APARTMENT 2ND CROSS MANJUNATHA LAYOUT KODICHIKKANAHALLI BANGALORE-560076. 27. PRAMODH CHANDRACHARY AGED ABOUT 36 YEARS S/O CHANDRACHARY POORVACHARY R/O FLAT A103 MANTRI SAROVAR SECTOR 4, HSR LAYOUT BANGALORE-560102. 28. MANIVANNAN G AGED ABOUT 32 YEARS S/O GNANASEKARAN C R/O 305-A PRISTINE ELEGANCE APARTMENT 6TH CROSS OLD MANGAMMANA PALYA ROAD BOMMANAHALLI BANGALORE-560068. 29. SHIV KUMAR AGED ABOUT 38 YEARS S/O MR BINDESHWARI PRASAD SINGH R/O NO.293, NANDINI, 1ST FLOOR 1ST B CROSS, 3RD MAIN 6TH BLOCK 2ND PHASE, BANASHANKARI III STAGE BANGLAORE-560085. 30. ABHISHEK SAHANI AGED ABOUT 31 YEARS, S/O KHEM CHAND SAHANI R/O G302, ITTINA MAHAVEER, NEELADRI NAGAR, ELECTRONIC CITY PHASE I, BANGALORE-560100. - 6 - NC: 2025:KHC:18144 WP No. 24995 of 2022 31. SANDEEP CHOPRA AGED 46 YEARS, S/O DR SUBHASH CHOPRA, 32. GITALI CHOPRA AGED ABOUT 43 YEARS W/O SANDEEP CHOPRA BOTH R/AT BSR MANTRALAYA, B1, BLOCK, 2, SECTOR 2, HSR LAYOUT, BANGALORE-560087. 33. ABHILASHA SINHA AGED ABOUT 33 YEARS, D/O VIJAY KUMAR SINHA R/O E-303, PURVA SKYWOOD, HARLUR, OFF SARJAPUR, BANGALORE-560068. 34. SONAL BHADANI AGED ABOUT 37 YEARS, W/O NEERAJ KUMAR, 35. NEERAJ KUMAR AGED ABOUT 42 YEARS, S/O SADHU SHARAN PRASAD, BOTH R/AT B 205, 2ND FLOOR, BM HOMES, TUBARHALLI, BANGALORE-560066. 36. RAVI GODI AGED ABOUT 35 YEARS, S/O HANAMAPPA GODI, 37. PRATHIBHA BILEKALL D/O THIPANNA BILEKAL AGED ABOUT 29 YEARS, BOTH R/AT I-004, I BLOCK, BREN TRILLIUM APARTMENT, OFF HOSA ROAD, DONDDANAGAMANGALA, BANGALORE-560 100. - 7 - NC: 2025:KHC:18144 WP No. 24995 of 2022 38. RAJALAKSHMI BASAVARAJ SANGOJI AGED ABOUT 40 YEARS, D/O BASAVARAJ SANGOJI R/O NO 421 B, 2ND CROSS ROAD MRYTUNJAYA NAGAR BAILHONGAL BELGAUM - 591102 39. SOUMYA RANJAN SARANGI AGED ABOUT 36 YEARS S/O MURLIDHAR SARANGI 40. SOUMYA DASH AGED ABOUT 36 YEARS W/O SOUMYA RANJAN SARANGI BOTH RESIDING AT C 406 GOPALAN, LAKEFRONT KHATHA NO.371, VEERASANDRA MAIN ROAD ECITY-PHASE I, BANGALORE - 560100 41. SANTOSH KUMAR AGED ABOUT 35 YEARS, S/O SHAMBHU NATH JHA R/O A14-1301, SPLENDOUR MEGAPOLISH HINJEWADI PUNE MAHARASHTRA - 411057 42. PRAVEEN KUMAR A V AGED ABOUT 42 YEARS, S/O A VISHWANATHAN PILLAI 43. ANUJA PRAVEEN KUMAR AGED ABOUT 36 YEARS, W/O PRAVEEN KUMAR AV BOTH RESIDING AT VILLA NO.10 SPANISH VILLA, CHITTAND, KUMARAPURAM, P.O ERNAKULAM KERALA - 683565 - 8 - NC: 2025:KHC:18144 WP No. 24995 of 2022 44. SURYANARAYANA THONANGI AGED ABOUT 39 YEARS, S/O THAMMU NAIDU, 45. SOUJANYA DOPPA AGED ABOUT 39 YEARS, W/O SURYANARAYANA THONANGI BOTH RESIDING AT NO.401 UDAYA'S SIRI RESIDENCY HIGH STREET, GAUTAMI ENCLAVE KONDAPUR HYDERABAD - 500084 …PETITIONERS (BY SRI. SHIVANI SHETTY, ADVOCATE) AND: 1. RESERVE BANK OF INDIA THROUGH ITS GOVERNOR, 6, SANSAD MARG, NEW DELHI-110 001. 2. UNION OF INDIA THROUGH SECRETARY, MINISTRY OF FINANCE, RAJPATH MARG, E-BLOCK, CENTRAL SECRETARIAT, NEW DELHI-110 011. 3. ICICI BANK THROUGH MANAGING DIRECTOR, 1, COMMISSARIAT ROAD, ASHOK NAGAR, BANGALORE-560 025. 4. M/S. HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED THROUGH ITS MANAGING DIRECTOR, RAMON HOUSE, 169 BACKBAY RECLAMATIN, MUMBAI-400 020. 5. STATE BANK OF INDIA STATE BANK BHAVAN, MADAME CAMA MARG, MUMBAI - 400 021. - 9 - NC: 2025:KHC:18144 WP No. 24995 of 2022 6. M/S. TRANS UNION CIBIL LIMITED ONE WORLD CENTER, 19TH FLOOR, TOWER 2A AND 2B, SENAPATI, BAPAT MARG, LOWER PAREL, MUMBAI-400 013 7. ROYAUME ESTATES PRIVATE LTD., 37/21, SKYLARK CHAMBERS, YELLAPPA CHETTY LAYOUT, ULSOOR ROAD, BANGALORE. 8. M/S. SKYLARK MANSIONS PRIVATE LTD., SKYLARK CHAMBERS, YELLAPPA CHETTY LAYOUT, ULSOOR ROAD, BANGALORE. 9. MR. SALEEM SHERIFF S/O. MOHAMED LALGUDI, JABBAR SHERIFF, NO.2718, AL-SAQUIFAH GEETHANJALI LAYOUT, HAL 3RD STAGE, NEW THIPPASANDRA, BANGALORE-560075. 10. MR. OMAR SHERIFF S/O. SALEEM SHERIFF, NO.2718, AL-SAQUIFAH GEETHANJALI LAYOUT, HAL 3RD STAGE, NEW THIPPASANDRA, BANGALORE-560 075. 11. MR. SHORAB SHERIFF S/O. SALEEM SHERIFF, NO.2718, AL-SAQUIFAH GEETHANJALI LAYOUT, HAL 3RD STAGE, NEW THIPPASANDRA, BANGALORE-560 075. …RESPONDENTS (BY SRI. VARAHAGIRI VINAY GIRI, ADV. FOR R1; SRI. SHIVAPRASAD SHANTANAGOUDAR, ADV. FOR R2; SRI. JAI M. PATIL, ADV. FOR R3 AND R4; SRI. S. RAJASHEKAR, ADV. FOR R5; SRI. VIVEK HOLLA, ADV. FOR R6; SRI. KIRAN J. ADV. FOR R7 TO R11; SRI. MADANAN PILLAI R., ADV. R2) - 10 - NC: 2025:KHC:18144 WP No. 24995 of 2022 THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE RESPONDENT BANKS TO CEASE AND DESIST FROM RECOVERING PRE-EMI PAYMENTS FROM THE PETITIONER HOMEBUYERS AGAINST THE FUNDS DISBURSED BY THEM TO THE RESPONDENT DEVELOPER, UNTIL THE DATE OF HANDING OVER THE POSSESSION 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 Learned counsel appearing for the petitioners files a memo seeking to withdraw the petition. The memo reads as follows: " MEMO FOR WITHDRAWAL The undersigned counsel for the Petitioner most respectfully seeks liberty to withdraw the instant petition, in the interest of justice and equity. Wherefore, this Hon'ble Court may be pleased to take the instant memo on record in the interest of justice and equity." 2. In terms of memo, the petition is disposed as withdrawn. Sd/- (M.NAGAPRASANNA) JUDGE KG List No.: 5 Sl No.: 20