- 1 - HC-KAR NC: 2025:KHC:54439 WP No. 9859 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ WRIT PETITION NO. 9859 OF 2024 (GM-RES) BETWEEN: GREEN CARS PRIVATE LTD., REP. BY ITS MANAGING DIRECTOR, SHEIK MEERA MEHABOOB, DOOR NO. 12/9, 80 FEET ROAD, 6TH BLOCK, KORAMANGALA LAYOUT, BANGALORE - 560 095. …PETITIONER (BY SRI. SYED UMMER, ADVOCATE) AND: 1. THE PRESIDING OFFICER, DEBTS RECOVERY TRIBUNAL-1 BANGALORE, ADDRESS 4TH FLOOR, CUBBON ROAD, DEBT RECOVERY TRIBUNAL BANGALORE NEXT TO GENERAL POST OFFICE, BANGALORE - 560 001. 2. PEGASUS ASSET RECONSTRUCTION PRIVATE LIMITED, 166/2, 4TH MAIN, 7TH CROSS, CHAMARAJPET, BANGALORE - 560 018. …RESPONDENTS THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R-1 TO CONFIRM IF RS. 3,63,89,643/- HAS BEEN PAID TO THE R-2 AND WITH RS.18,06,953/- BEING OFFERED TO BE DEPOSITED WITH THE REGISTRAR OF HONBLE DRAT CHENNAI THE ENTIRE DEBT STANDS Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:54439 WP No. 9859 of 2024 DISCHARGED VIDE 2ND PROVISO TO SEC 18(1) OF THE SARFAESI ACT OF WHICHEVER IS LESS AND ADJUDICATE ON MERITS ESPECIALLY OF THE CLAIM BEING BARRED BY LIMITATION AND PASS SUITABLE SUCH ORDER OR FURTHER ORDERS WHICH THIS HONBLE COURT MAY DEEM FIT AND PROPER IN THE FACTS AND CIRCUMSTANCES OF THE PRESENT CASE AND THUS RENDER JUSTICE AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following relief: It is, therefore, most humbly prayed that this Hon'ble Court may be pleased to issue a Writ of Mandamus or any other appropriate writ order or direction in the nature of writ directing the 1 Respondent to confirm if Rs.3,63,89,643/ has been paid to the 2nd Respondent and with Rs. 18,06,953/ being offered to be deposited with the Registrar of Hon'ble DRAT Chennai, the entire debt stands discharged vide 2nd proviso to Sec 18 (1) of the Sarfaesi Act of whichever is less and adjudicate on merits especially of the claim being barred by limitation and pass suitable such order or further orders which this Hon'ble Court may deem fit and proper in the facts and circumstances of the present case and thus render justice. 2. A memo dated 27.10.2025, has been filed signed by the counsel for the petitioner, which reads as under: "That the petitioner herein prays that this Hon'ble Court may be pleased to dismiss the writ petition as not pressed." - 3 - HC-KAR NC: 2025:KHC:54439 WP No. 9859 of 2024 3. Accepting the said memo and submission of the counsel for the petitioner, the petition is dismissed as not pressed. SD/- (SURAJ GOVINDARAJ) JUDGE GJM List No.: 1 Sl No.: 99