- 1 - HC-KAR NC: 2025:KHC:27236 WP No. 22689 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21ST DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 22689 OF 2022 (GM-RES) BETWEEN: 1. MR. KAIZAD MASTER AGED ABOUT 43 YEARS SONOF MR. RUSSY MASTER CURRENTLY R/AT 19C SMIEI STREET 4, 10-29,DOUBLE BAY RESIDENCES SINGAPORE 528715 RERPEENTED BY THEIR GPA HOLDER M,R. PREMCHAND CHANDRU AGED ABOUT 41 YEARS SON OF MR. CHANDRU C S R/AT 2072, SOBHA MARVELLA GREEN GLEN LAYOUT BELLANDUR,ORR, BENGALURU 560 103 2. MRS. NIVEDITA KAIZAD MASTER 41 YEARS,W/O MR. KAIZAD MASTER CURRENTLY R/AT 19C SIMEI STREET 4, 10-29, DOUBLE BAY RESIDENCES SINGAPROE 528715 REPRESENTED BY THEIR GPAHOLDER MR. PREMCHAND CHANDRU AGED ABOUT 41 YEARS R/AT 2072, SOBHA MARVELLA GREEN GLEN LAYOUT BELLANDU ORR, BENGALURU 560 103 …PETITIONERS (BY SRI. SRINIVAS V., ADVOCATE) Digitally signed by PRAKASH N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:27236 WP No. 22689 of 2022 AND: 1. THE UNION OF INDIA RERPESENTED BY ITS CHIEF SECRETARY MINISTRY OF FINANCE, NORTH BLOCK NEW DELHI 110001 2. THE MINISTRY OF FINANCE GOVERNMENT OF INDIA REPRESENTED BY ITS CHIEF SECRETARY NORTH BLOCK NEW DELHI 110001 3. RESERVE BANK OF INDIA ESTABLISHED UNDER THE RESERVE BANK OF INDIA ACT,HAVING ONE OFITS OFFICE AT NRUPATHUNGA ROAD, BENGALURU 560 001 RERPESENTED BY ITS MANAGER 4. NATIONAL HOUSING BANK CORE 5-A, INDIA HABITAT CENTRE LODHI ROAD, NEW DELHI 110003 RERPESENTED BY ITS AUTHORISED OFFICER 5. TRANSUNION CIBIL LIMITED (FORMERLY CREDIT INFORMATION BUREAU (INDIA) LIMITED) A NON GOVT COMPANY REGISTERED UNDER THE PROVISIONS OF COMPANIES ACT, 1956 HAVING REGISTERED OFFICE AT ONE INDIABULLS CENTRE TOWER 2 A,19TH FLOOR SENAPTI BAPAT MARG ELPHINSTONE ROAD, MUMBAI 400 013 RERPESENTED BY ITS AUTHORISED OFFICER - 3 - HC-KAR NC: 2025:KHC:27236 WP No. 22689 of 2022 6. PNB HOUSING FINANCE LIMITED PROPERTY BEARING NO.5, MATHRUSHREE ARCADE 100FT RING ROAD, 1ST PHASE,2ND STAGE BTM LAYOUT BANGALORE 560 076 ALSO AT 9TH FLOOR, ANTRIKSHBHAWAN,22 KASTURBA GANDHI MARG NEW DELHI 110 001 RERPESENTED BY ITS AUTHORISED OFFICER 7. M/S MANTRI DEVELOPERS PVT LTD COMPANY REGISTERED UNDER THE COMPANIES ACT 1956 MANTIR HOUSE 41, VITTALMALYA ROAD, BENGALURU 56 0001 REPRESENTED BY ITS AUTHORISED OFFICER REGD UNDER COMPANIES ACT 1965 …RESPONDENTS (BY SRI/SMT. MANASI KUMAR, ADVOCATE FOR R1 & R2 SRI FRANCIS XAVIER, ADVOCATE FOR R6 SRI/SMT JAITHRA J. NARAYAN ADVOCATE FOR R7 SRI/SMT PINAZ MEHTA, ADVOCATE FOR R5 SRI/SMT MANIK B.T. ADVOCATE FOR R3 ) THIS WP FILED PRAYING TO-ISSUE DIRECTION, RESTRAINING THE R6 FROM TAKING ANY PRECIPITATIVE ACTION AGAINST THE PETITIONERS WITH RESPECT TO LOAN ACCOUNT BEARING NO.00196660004941 MAINTAINED BY THE PETITIONERS WITH THE R6 FINANCIAL INSTITUTION ISSUE DIRECTION TO THE R6 BANK TO ISSUE NO DUE CERTIFICATE/NO OBJECTION CERTIFICATE IN FAVOUR OF THE PETITIONERS WITH RESPECT TO LOAN ACCOUNT NO.00196660004941ISSUE DIRECTION TO THE R7 TO REFUND - 4 - HC-KAR NC: 2025:KHC:27236 WP No. 22689 of 2022 THE ENTIRE PAYMENT MADE BY THE PETITIONERS TO THE R7, THE EMIs PAID TO THE R6 AND ALL OTHER DUES TO THE PETITIONERS, AS PER PRE-EMI SCHEME AT ANNEXURE-A DIRECT THE R5 TO RECTIFY/MODIFY THE CIBIL SCORES OF THE PETITIONERS BY REMOVING THE ENTRY OF THE OUTSTANDING AMOUNT REFLECTING AGAINST THE PETITIONERS LOAN ACCOUNT NO.00196660004941DIRECT THE R6 INSTITUTION TO ASSIST THE R5 IN CLEARING THE CIBIL SCORE OF THE PETITIONERS BY REMOVING THE ENTRY OF THE OUTSTANDING AMOUNT REFLECTING AGAINST THE PETITIONERS LOAN ACCOUNT NO.00196660004941. THIS PETITION, COMING ON FOR FINAL HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV ORAL ORDER The learned counsel for the respondent No.6 has filed a memo on behalf of respondent No.6, and submits that they are handing over original documents No.1 to 4 to the learned counsel for the petitioners. It is further submitted that loan dues have been cleared by respondent No.7 in terms of the Tripartite agreement. 2. The memo is placed on record. 3. Learned counsel for the petitioners submits that their grievance stands settled. - 5 - HC-KAR NC: 2025:KHC:27236 WP No. 22689 of 2022 4. In the light of the stand of the learned counsel for the petitioners, and also the stand of the respondents in the memo filed, the proceedings are disposed of as not required any adjudication. 5. The original documents listed in the memo have been handed over to the learned counsel for the petitioners and the counsel duly acknowledges the same. 6. Respondent No.4 has filed a memo along with the photocopies of the documents for reference. 7. Accordingly, the petition is disposed off. Sd/- (S SUNIL DUTT YADAV) JUDGE HR