- 1 - HC-KAR NC: 2025:KHC:25086-DB MFA No. 940 of 2016 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF JULY, 2025 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE DR. JUSTICE K.MANMADHA RAO MISCELLANEOUS FIRST APPEAL NO. 940 OF 2016 (SFC) BETWEEN: 1. M/S. KIRLOSKAR MULTIMEDIA LTD., REGD. OFFICE, KEMPAPURA HAF P.O. BANGALORE-560 024. REPRESENTED BY ITS CHAIRMAN AND DIRECTOR SRI SUKUMAR R. KIRLOSKAR. 2. SRI SUKUMAR R. KIRLOSKAR S/O LATE RAJARAM KIRLOSKAR AGED ABOUT 75 YEARS 3. SRI. AJAY S. KIRLOSKAR S/O SUKUMAR R. KIRLOSKAR , AGED ABOUT 45 YEARS 4. SMT. PADMAJA S KIRLOSKAR W/O SUKUMAR R. KIRLOSKAR AGED ABOUT 66 YEARS ALL ARE RESIDINTS OF KIRLOSKAR HOUSE, KEMPAPURA, HEBBAL AGRICULTURAL FARM POST, BANGALORE-560 024. …APPELLANTS (BY SRI. AMOGH R. MASNI, FOR SRI. K.N. SUBBAREDDY, ADVOCATE) Digitally signed by VIJAYALAKSHMI B N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:25086-DB MFA No. 940 of 2016 AND: 1. KARNATAKA STATE FINANCIAL CORPORATION NO.1/1, THIMMAIAH ROAD, BANGALORE-560 052. REPRESENTED BY ITS DEPUTY GENERAL MANAGER (HP & FS) DR. M. PADMANABHA. 2. THE DEBENTURE TRUSTEE KARNATAKA STATE FINANCIAL CORPORATION LIMITED, NO.1/1, THIMMAIAH ROAD BANGALORE-560 052. REPRESENTED BY ITS SENIOR MANAGER SRI. R. PRABHAKAR …RESPONDENTS (BY SRI. BIPIN HEGDE, ADVOCATE FOR R1 & R2) THIS MFA IS FILED U/S 32(9) OF STATE FINANCE CORPORATION ACT, 1951 PRAYING TO (i) CALL FOR THE ENTIRE RECORDS IN MISC.NO.882/2004 ON THE FILE OF 37TH ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, (CCH-38), BANGALORE AND ETC. THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE DR. JUSTICE K.MANMADHA RAO - 3 - HC-KAR NC: 2025:KHC:25086-DB MFA No. 940 of 2016 ORAL JUDGMENT (PER: HON'BLE MRS. JUSTICE ANU SIVARAMAN) 1. Learned counsel appearing for the appellants has placed a memo on record stating that the loan has been closed and that a one time settlement has been arrived at in full and final settlement of all dues owed by the appellants to respondent No.1 – Corporation. 2. It is submitted that the appeal is required to be withdrawn for the one time settlement to take full effect. 3. In that view of the matter, accepting the memo filed on behalf of the appellants and recording the one time settlement arrived at between the parties, the appeal is dismissed as withdrawn. Sd/- (ANU SIVARAMAN) JUDGE Sd/- (DR.K.MANMADHA RAO) JUDGE GH List No.: 1 Sl No.: 52