- 1 - HC-KAR NC: 2025:KHC:33610 WP No. 13890 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 29TH DAY OF AUGUST, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 13890 OF 2024 (GM-RES) BETWEEN: 1. M/S LALITH GANGADHAR CONSTRUCTIONS PRIVATE LIMITED, THROUGH ITS RESOLUTION PROFESSIONAL RATNAKAR SHETTY, R/O 12/1, REST HOUSE ROAD, BENGALURU 560 001. 2. LGCL URBAN HOMES (INDIA) LLP, NO.12/1, REST HOUSE ROAD, BENGALURU - 560 001. REPRESENTED BY ITS PARTNER. …PETITIONERS (BY SRI. A. S. VISHWAJITH, ADVOCATE) AND: 1. LGCL NEW LIFE BUYER'S WELFARE ASSOCIATION, PRESTIGE FERNS RESIDENCY, APARTMENTS, HARLUR ROAD, BENGALURU ZONE, MAHADEVAPURA, BELLANDURU, BENGALURU - 560 102. REPRESENTED BY ITS PRESIDENT. 2. S V VIJAYA W/O LATE S V VENKATESH, 2, VISHWANATHA RAO ROAD, Digitally signed by VIDYA G R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:33610 WP No. 13890 of 2024 MADHAVANAGAR, BENGALURU - 560 001. 3. DR. PRIYA VENKATESH, D/OLATE S V VENKATESH, NO.12/1, REST HOUSE ROAD, BENGALURU - 560 001. 4. ATUL KISHEN, S/O LATE S V VENKATESH, NO.12/1, REST HOUSE ROAD, BENGALURU - 560 001. 5. ASHOK ABRAHAM KURIAKOTE, KELACHANDRA HOUSE, 80/10, HULIMAVU, BANNERGHATTA ROAD, BENGALURU - 560 076. 6. LGCL URBAN HOMES PRIVATE LIMITED, NO.12/1, REST HOUSE ROAD, BENGALURU - 560 001. 7. ASSESTS CARE AND RECONSTRUCTION ENTERPRISE LIMITED, HAVING ITS REGISTERED OFFICE AT 14TH FLOOR, EROS CORPORATE TOWER, NEHRU PLACE, NEW DELHI - 110 019. HAVING ITS CORORATE OFFICE AT: UNIT NO.502, C WING, ONE BKC, G BLOCK, BANDRA KURLA COMPLEX, MUMBAI - 400 051. - 3 - HC-KAR NC: 2025:KHC:33610 WP No. 13890 of 2024 8. KARNATAKA REAL ESTATE REGULATORY AUTHORITY 2ND FLOOR, SILVER JUBILEE BLOCK UNITY BUILDING, CSI COMPOUND, BENGALURU - 560 027. REPRESENTED BY ITS SECRETARY. …RESPONDENTS (BY SRI. JASLEEN KAUR, ADVOCATE C/R1; CAVEAT PUT UP IN WP.NO.9260/2024) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO ISSUE AN APPROPRIATE WRIT IN THE NATURE OF CERTIORARI OR ANY OTHER APPROPRIATE WRIT, ORDER OR DIRECTION QUASHING THE IMPUGNED ORDER DATED 22 FEBRUARY 2024 IN CMP/221226/0010536 PASSED BY THE HON'BLE KARNATAKA REAL ESTATE REGULATORY AUTHORITY (ANNEXURE-A) AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV - 4 - HC-KAR NC: 2025:KHC:33610 WP No. 13890 of 2024 ORAL ORDER Learned counsel for the petitioners has filed a memo which reads as hereunder: "The undersigned Counsel for the Petitioner craves leave of this Hon'ble Court to withdraw the petition with liberty. THEREFORE, the memo may be allowed in the interest of justice and equity." 2. In light of the same, petition is dismissed. However, liberty is reserved to challenge the order at Annexure-A by invoking a statutory remedy under Section 44 of the Real Estate (Regulatory and Development) Act, 2016. Sd/- (S SUNIL DUTT YADAV) JUDGE MCR List No.: 1 Sl No.: 63