- 1 - HC-KAR NC: 2025:KHC:50247 WP No. 13695 of 2018 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MRS. JUSTICE M G UMA WRIT PETITION NO. 13695 OF 2018 (CS-RES) BETWEEN: 1. M/S. AVION NETWORK NO. 174/40, LUCKY PARADISE JAYANAGAR BANGALORE 560011. REP BY ITS AUTHORISED PARTNER MR. NAGENDRA C N AGED ABOUT 41 YEARS 2. SRI. NAGENDRA C N S/O. SRI. NATARAJU AGED ABOUT 40 YEARS R/AT NO. 98, 1ST CROSS 11TH MAIN, 3RD PHASE GIRINAGAR BENGALURU-560086 3. SMT. NALINA S MURTHY W/O. SRI. A SREENIVASA MURTHY AGED ABOUT 52 YEARS R/.AT 406, 5TH CROSS, 8TH MAIN BDA, AVALAHALLI LAYOUT BSK 3RD STAGE. BENGALURU - 560 085 &PETITIONERS (BY SRI: AJAY .N., ADVOCATE FOR SRI: G.A. MITHUN, ADVOCATE) AND: 1. THE NATIONAL CO-OPERATIVE BANK LIMITED NO. 73/1, GANDHIBAZAR MAIN ROAD BENGALURU - 560 004. Digitally signed by PRASHANTH N V Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:50247 WP No. 13695 of 2018 REPRESENTED BY ITS ASSISTANT GENERAL MANAGER 2. COSMOS CO-OPERATIVE BANK LTD. 3RD MAIN ROAD, MOUNT JOY EXTENSION HANUMANTHNAGAR BANASHANKARI 1ST STAGE BENGALURU - 560 019, REP. BY ITS CHAIRMAN. AMENDED AS PER ORDER DATED 31.07.2025 &RESPONDENTS (BY SRI: CHANDRASHEKHAR C CHANASPUR, ADVOCATE FOR R2 SMT. SHOBHA K.R., ADVOCATE FOR R1 (ABSENT)) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF CONSTITUTION OF INDIA PRAYING TO QUASH THE SEIZURE NOTICE DATED 1.3.2018 FOR SEIZURE OF THE PRIMARY COLLATERAL THE MOVEABLE ASSETS, FURNITURE IN SCHEDULE A PROPERTY AND FURTHER TAKING POSSESSION OF THE PROPERTIES WITHOUT DUE PROCESS OF LAW OF THE PETITIONER VIDE ANNEX- A. AND ETC., THIS WRIT PETITION, COMING ON FOR HEARING - INTERLOCUTORY APPLN, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MRS. JUSTICE M G UMA ORAL ORDER Learned counsel for the petitioners and respondents submit in unison that the petitioner gave a proposal to the respondent No.2 that they are ready to pay Rs.3.75 crores as one time settlement within 15.03.2026 and that the said proposal is accepted by respondent No.2. Hence they pray that the writ petition may be disposed off. The submissions are placed on record. - 3 - HC-KAR NC: 2025:KHC:50247 WP No. 13695 of 2018 The writ petition is disposed off, directing the petitioners to pay Rs.3.75 crores to respondent No.2 on or before 15.03.2026. In case the amount is cleared, respondent No.2 shall release the original property documents in favour of the petitioners. Sd/- (M G UMA) JUDGE *bgn/- CT:VS List No.: 1 Sl No.: 4