- 1 - HC-KAR NC: 2025:KHC:34632 WP No. 5922 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 3RD DAY OF SEPTEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 5922 OF 2025 (GM-RES) BETWEEN: RAVINDER KUMAR BASSI T-20/20 S/O SANTBAL BASSI AGED ABOUT 49 YEARS ROAD END NATHUPUR DLF PHASE -3 GURGAON 122001 HARYANA INDIA. …PETITIONER (BY SRI. ABHIJEET SHARMA.,ADVOCATE) AND: 1. NATIONAL HOUSING BANK AND OTHERS THROUGH ITS MANAGING DIRECTOR CORE 5-A, INDIA HABITAT CENTER LODHI ROAD, NEW DELHI 110003. 2. RESERVE BANK OF INDIA (UNDER RBI ACT) THROUGH ITS GOVERNOR 6, SANSAD MARG NEW DELHI 110001. Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:34632 WP No. 5922 of 2025 3. UNION OF INDIA THROUGH SECRETARY, MINISTRY OF FINANCE RAJPATH MARG, E BLOCK CENTRAL SECRETARIAT NEW DELHI - 110011. 4. TRANS UNION CIBIL LIMITED (UNDER COMPANIES ACT 1956) FORMERLY CREDIT INFORMATION BUREAU(INDIA) LIMITED THROUGH ITS MANAGING DIRECTOR ONE WORLD CENTRE TOWER 2A 19TH FLOOR SENAPATHI BAPAT MARG ELPHINSTONE ROAD MUMBAI 400013. 5. SANMAAN CAPITAL LIMITED (INCORPORATE DUNDER RBI) FORMERLY INDIABULLS HOUSING FINANCE LTD THROUGH ITS MANAGING DIRECTOR 5TH FLOOR, BUILDING NO. 27, KG MARG CANNAUGHT PLACE NEW DELHI 110001. 6. OZONE DEVELOPERS BANGLAORE PVT LTD (UNDER COMPANIES ACT 1956) THROUGH ITS MANAGING DIRECTOR NO. 38, ULSOOR ROAD BANGALORE 560 042. 7. OZONE URBANA INFRA DEVELOPERS PVT LTD (UNDER COMPANIES ACT 1956) THROUGH ITS MANAGING DIRECTOR NO. 38, ULSOOR ROAD - 3 - HC-KAR NC: 2025:KHC:34632 WP No. 5922 of 2025 BANGALORE 560 042. 8. SATHYA MOORTHY SAI PRASAD DIRECTOR OZONE URBANA INFRA DEVELOPERS PVT LTD NO. 38, ULSOOR ROAD BANGLAORE 560 042. 9. VASUDEVAN SATHYAMOORTHY DIRECTOR, OZONE URBANA INFRA DEVELOPERS PVT LTD NO. 38, ULSOOR ROAD BANGLAORE 560 042. 10. KARNATAKA REAL ESTATE REGULATORY AUTHORITY THROUGH ITS CHAIRMAN SECOND FLOOR SILVER JUBILEE BLOCK 3RD CROSS ROAD CSI COMPOUND MISSION RD SAMPANGI RAMA NAGARA BENGALURU 560 027. …RESPONDENTS (BY SRI.SUDEEP V.C., ADVOCATE FOR R3) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO- A) ALLOW THE PRESENT PETITION. B) ISSUE APPROPRIATE ORDER OR DIRECTION TO THE RESPONDENT BANK (RESPONDENT NO.5) TO CEASE - 4 - HC-KAR NC: 2025:KHC:34632 WP No. 5922 of 2025 AND DESIST FROM RECOVERING EMI PAYMENTS FROM THE PETITIONER. C) DIRECT THE RESPONDENT NO. 6 DEVELOPERS TO PAY PRE-EMI/EMIS. D) DIRECT THE RESPONDENT BANK (RESPONDENT NO.5) TO RESTRAIN FROM ANY PRECIPITATIVE ACTION INCLUDING BUT NOT LIMITED TO ANY CIVIL OR CRIMINAL PROCEEDINGS IN ORDER TO RECOVER THE PURPORTED LOAN CEASE TO TAKE ANY COERCIVE ACTIONS DURING THE PENDENCY OF THE PRESENT PETITION. E) DIRECT THE RESPONDENT-BANK TO REFUND THE PRE-EMIS/FULL EMIS PAID BY PETITIONER. F) DIRECT THE RESPONDENT 4 AND 5 TO REMOVE THE NAME OF THE PETITIONER FROM THE DEFAULTERS LIST OF CIBIL AND TO WITHDRAW ALL THE LEGAL PROCEEDINGS INITIATED AGAINST THE PETITIONER IN RESPECT OF THE LOAN AMOUNT AND INTEREST. G) DIRECT THE RESPONDENT BANK TO RECOVER THE OUTSTANDING LOANS IN QUESTION FROM RESPONDENT DEVELOPER (RESPONDENT 6, 7 AND 8) AND ETC. - 5 - HC-KAR NC: 2025:KHC:34632 WP No. 5922 of 2025 THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD ORAL ORDER None appears for the petitioner though called twice and this Court must observe that in very similar circumstances, the petition in W.P. No. 23590/2025 is disposed of observing that all contentions are left open if there is occasion for the proceedings based on the action that could be initiated. As such this petition stands disposed of. Sd/- (B M SHYAM PRASAD) JUDGE NV List No.: 1 Sl No.: 5