- 1 - HC-KAR NC: 2025:KHC:27808 WP No. 8306 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF JULY, 2025 BEFORE THE HON'BLE MR. JUSTICE S SUNIL DUTT YADAV WRIT PETITION NO. 8306 OF 2025 (GM-DRT) BETWEEN: SRI NAYAN D PAGAD, AGED ABOUT 43 YEARS, S/O SRI DHRUVA PAGAD, (PROPRIETOR M/S SHREENIDHI LUBRICANTS), SHREENIDHI, 1ST MAIN, 4TH CROSS NARAYANAPUR, DHARWAD, KARNATAKA-580 004. …PETITIONER (BY SRI/SMT. SUKRUTA R., ADVOCATE) AND: 1. KARNATAKA BANK LIMITED, HAVING ITS HEAD OFFICE AT MANGALURU AND BRANCH AMONG OTHER PLACES AT 3/31, GROUND FLOOR, NEHRUNAGAR, GOKUL ROAD, HUBBALLI, KARNATAKA-580 030. 2. SMT ROOPA D PAGAD, AGED ABOUT 68 YEARS, W/O SRI DHRUVA PAGAD, SILVER AVENUE, 903/904, BPS COMPOUND, DEVIDAYAL ROAD, MULUND (W), MUMBAI, MAHARASHTRA-400 080. 3. SRI NAVINCHANDRA D PAGAD, AGED ABOUT 39 YEARS, S/O SRI DHRUVA PAGAD, SILVER AVENUE, 903/904, Digitally signed by MADHURI S Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:27808 WP No. 8306 of 2025 BPS COMPOUND, DEVIDAYAL ROAD, MULUND (W), MUMBAI, MAHARASHTRA-400 080. …RESPONDENTS (BY SRI. ANISH ACHARYA, ADVOCATE FOR R1) THIS WP IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA, PRAYING TO QUASH THE FINAL ORDER DATED 16/01/2025 PASSED IN ORIGINAL APPLICATION NO. 950/2017 BY THE HONBLE DEBT RECOVERY TRIBUNAL I, KARNATAKA AT BENGALURU AT ANNEXURE-A. THIS PETITION COMING ON FOR ORDERS THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S SUNIL DUTT YADAV ORAL ORDER Learned counsel for the petitioner has filed a memo seeking permission to withdraw the petition as per the parties have amicably settled the dispute. The memo reads as under:- “This memo is file to bring to the notice of this Hon’ble Court that the parties herein have amicably settled the disputes. A copy of the letter dated 01.07.2025 addressed by the Respondent bank evidencing the settlement of full OTS amount is produced herewith for kind perusal of this Hon’ble Court. In view of the same, the Peitioner is desirous of withdrawing the above captioned petition. Therefore, the above petition maybe disposed as withdrawn, as settled outside the court in the interest of justice and equity.” - 3 - HC-KAR NC: 2025:KHC:27808 WP No. 8306 of 2025 In the light of the memo filed and submission made, the petition is dismissed as not pressed. All the contentions are kept open. Sd/- (S SUNIL DUTT YADAV) JUDGE AKV List No.: 2 Sl No.: 26