- 1 - HC-KAR NC: 2026:KHC:9464 WP No. 19767 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 19767 OF 2024 (GM-RES) BETWEEN: SHIMSHA SAHAKARA BANK NIYAMITHA REPRESENTED BY HEREIN BY ITS PRESIDENT CHANDU M HAVING OFFICE AT OLD M C ROAD, BESIDE TALUK PANCHAYAT OFFICE MADDUR 571 428 MANDYA. …PETITIONER (BY SRI. NEGLUR ARAVIND.,ADVOCATE) AND: 1. EXECUTIVE DIRECTOR RESERVE BANK OF INDIA , HAVING ITS REGISTERED OFFICE AT 12th 13th FLOOR, CENTRAL OFFICE BUILDING, SHAHID BHAGAT SINGH MARG, MUMBAI 400 001. Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:9464 WP No. 19767 of 2024 2. CHIEF GENERAL MANAGER IN CHARGE, DEPARTMENT OF SUPERVISION, RESERVE BANK OF INDIA, NRUPATHUNGA ROAD, BENGALURU 560001. 3. DEPUTY GENERAL MANAGER DEPARTMENT OF SUPERVISION, RESERVE BANK OF INDIA, NRUPATHUNGA ROAD, BENGALURU 560001. 4. DEPOSIT INSURANCE AND CREDIT GURANTEE CORPORATION REPRESENTED HEREIN BY ITS CHAIRMAN THE DEPUTY GOVERNOR OF RESERVE BANK OF INDIA 2nd FLOOR, OPP MUMBAI CENTRAL RAILWAY STATION, BYCULLA, MUMBAI 400 008 INDIA. …RESPONDENTS (BY SRI. RAJESH VELLAKATT.,ADVOCATE FOR R1 TO R3) THIS W.P. IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED ORDER BEARING NO. DOR.MON/LC-02/12.23.292/2024-25 DATED - 3 - HC-KAR NC: 2026:KHC:9464 WP No. 19767 of 2024 05.07.2024 PASSED BY R-1 UNDER SECTION 22 READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 WHICH IS AT ANNX-A; DIRECT THE R-1 TO WITHDRAW THE ALL INCLUSIVE DIRECTIONS (AID) IMPOSED ON THE PETITIONER UNDER SECTION 35A OF THE BANKING REGULATION ACT, 1949 VIDE LETTER DATED 23.02.2023 AND EXTENDED TO 24.08.2024 VIDE LETTER DATED 15.02.2024 WHICH ARE AT ANNX-B AND G-1 RESPECTIVELY; DIRECT R-4 TO REFUND A SUM AMOUNTING TO A TOTAL OF RS. 2,36,97,899/- (TWO CRORES THIRTY SIX LAKH NINETY SEVEN THOUSAND EIGHT HUNDRED AND NINETY NINE) PAID BY THE PETITIONER AS EVIDENCE BY THE PAYMENT CHALLAN BEARING NO. 00028 DATED 30.05.2024 WHICH IS AT ANNX- J. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD - 4 - HC-KAR NC: 2026:KHC:9464 WP No. 19767 of 2024 ORAL ORDER The learned counsel for the petitioner files a memo for withdrawal, which reads as under: "The petitioner prays that this Hon'ble court be pleased to permit the petitioner to withdraw the above petition in the interest of justice." The memo is accepted, and the petition stands dismissed as withdrawn. Sd/- (B M SHYAM PRASAD) JUDGE SA ct:sr