- 1 - HC-KAR NC: 2025:KHC:28446 WP No. 3669 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 3669 OF 2023 (GM-RES) BETWEEN: 1. VISHWA BHARATHI VIDYA MANDIR REP. BY ITS PRESIDENT, MR. T BALAKRISHNA, NO.331/1, 17TH CROSS, 5TH BLOCK, RAJAJINAGAR, BENGALURU-560010. 2. MR T BALAKRISHNA S/O MR. CHIKKATHAYAPPA, AGED ABOUT 65 YEARS, R/AT NO.987, 1ST BLOCK, 1ST STAGE, 11TH MAIN, BASAVESHWARA NAGAR, BENGALURU-560079. 3. DR SULOCHANA BALAKRISHNA W/O MR. T BALAKRISHNA, AGED ABOUT 62 YEARS, R/AT NO.987, 1ST BLOCK, 1ST STAGE, 11TH MAIN, BASAVESHWARA NAGAR, BENGALURU-560079. 4. M/S ST. ANN'S EDUCATION SOCIETY REP. BY ITS PRESIDENT, MR. T BALAKRISHNA, AGED ABOUT 65 YEARS, NO.742, 6TH BLOCK, DR. RAJKUMAR ROAD, RAJAJINAGAR, Digitally signed by PRAKASH N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:28446 WP No. 3669 of 2023 BENGALURU-560010. (NOTE: SENIOR CITIZEN BENIGITS NOT CLAIMED BY THE PETITIONERS) …PETITIONERS (BY SRI. PRASANNA V R., ADVOCATE) AND: 1. M/S PHOENIX ARC PVT LTD A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, AND REGISTERED AS A SECURITIZATION AND ASSET RECONSTRUCTION COMPANY, HAVING ITS REGISTERED OFFICE AT DANI CORPORATE PARK, 7TH FLOOR, 158, CST ROAD, KALINA, SANTA CURZ (E), MUMBAI 400098, REP. BY ITS COMPANY SECRETARY-CUM- AUTHORIZED OFFICER. …RESPONDENT (BY SRI. B C AVINASH., ADVOCATE) *** THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE COMMUNICATION DATED 06.01.23 IN NO.PHOENIX/RESL/2572/2022-23 ISSUED BY THE RESPONDENT, VIDE ANNEXRUE-A, REVOKING THE LETTER OF ACCEPTANCE DATED 07.03.2022 IN SO FAR AS PETITIONERS ARE CONCERNED. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV - 3 - HC-KAR NC: 2025:KHC:28446 WP No. 3669 of 2023 ORAL ORDER Learned counsel for the petitioners has filed a memo seeking to withdraw the petition. 2. The memo is taken on record. It reads as follows:- "The Petitioners respectfully submit that as the dispute between the Petitioners and Respondents being settled out of Court, they do not intend to prosecute the present Writ Petition. Therefore, the Petitioners may be permitted to withdraw the above writ petition in the ends of justice." 3. In light of the memo filed and submission made, the petition is dismissed as not pressed. Sd/- (S SUNIL DUTT YADAV) JUDGE VGR