- 1 - HC-KAR NC: 2025:KHC:39066 WP No. 17727 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26TH DAY OF SEPTEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 17727 OF 2021 (GM-RES) BETWEEN: NAGSON AND COMPANY A REGISTERED PARTNERSHIP FIRM HAVING ITS OFFICE AT NO.4/1, TUMKUR ROAD, YESHWANTHPUR BENGLAURU-560 022 REP BY ITS PARTNER, MR.K.N.BALASUBRAMANYAM S/O LATE K.N.NAGARAJ AGE 67 YEARS. …PETITIONER (BY SRI. MALLIKARJUN N.K, Advocate) AND: 1. UNION OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF FINANCIAL SERVICES, JEEVAN DEEP BUILDING SANSAD MARG NEW DELHI-110 001 REP BY ITS SECRETARY Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:39066 WP No. 17727 of 2021 2. RESERVE BANK OF INDIA NRUPATUNGA ROAD, BENGALURU-560 001 BY ITS GOVERNOR 3. LIC HOUSING FINANCE LTD HAVING ITS REGISTERED OFFICE AT BOMBAY LIFE BUILDING2ND FLOOR NO.45/47VEER NARASIMAN ROAD, MUMBAI-400 001 REP BY ITS MANAGER. …RESPONDENTS (BY SMT. ANUPAMA HEGDE, CGC FOR R1; SRI. SHIVABASAVA S.G, ADVOCATE FOR R3) THIS W.P. IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R-3 TO CONSIDER THE REQUEST OF THE PETITIONER FOR RE-STRUCTURING IN TERMS OF THE LETTER DTD 09.10.2020 VIDE ANNX-R AND S IN RESPECT OF LOAN ACCOUNTS BEARING NOS.411300005547 AND 411300005362; QUASH ANNX-Z AND AA BOTH DTD 05.08.2021 RELATING TO LOAN ACCOUNTS BEARING NOS.411300005547 AND 411300005362 ISSUED BY THE R-3 AS THE SAME IS PRE-MATURE, ILLEGAL AND AGAINST THE PRINCIPLES OF NATURLA JUSTICE. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD - 3 - HC-KAR NC: 2025:KHC:39066 WP No. 17727 of 2021 ORAL ORDER The learned counsel for the petitioner has filed a memo which reads as under, "Petitioner humbly submits that its proposal under One Time Settlement Scheme is pending consideration before the Respondent no.3. In this view of the matter, Petitioner humbly prays that this Hon'ble Court may be pleased to permit the petitioner to withdraw the above petition with liberty to agitate its grievance in appropriate forum on fresh cause of action, so as to meet the ends of justice and equity." On perusal of the same, the petition stands disposed of. Sd/- (B M SHYAM PRASAD) JUDGE RB