- 1 - HC-KAR NC: 2026:KHC:11632 WP No. 9270 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO.9270 OF 2025 (GM-DRT) BETWEEN: 1. M/S SRI. SHANKAR PLYWOOD AND BOARD INDUSTRIES, HAVING OFFICE AT PLOT NO.361, KIADB HASSAN GROWTH CENTRE, H N PURA ROAD, HASSAN-573201. REP BY ITS PROPRIETOR, MRS. HANSA MANOHARLAL PATEL. 2. M/S SRI. SHANKAR TIMBERS, A PARTNERSHIP FIRM, HAVING ITS OFFICE AT NO.289, MYSORE ROAD, KENCHENAHALLI, BANGALORE – 573 201 REP. BY ITS PARTNER, SRI. MANOHARLAL VISHRAM PATEL. 3. M/S SRI SHANKAR VEENERS INDUSTRIES, HAVING ITS OFFICE AT PLOT NO.361, KIADB HASSAN GROWTH CENTRE, HN PURA ROAD, HASSAN-573201. REP. BY ITS PROPRIETOR, MRS. VANDANA HIRALAL PATEL. Digitally signed by SUNITHA K S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:11632 WP No. 9270 of 2025 4. M/S SRI SHANKAR VIJAY SAW MILLS, HAVING ITS OFFICE AT BELUR ROAD, NEAR VIJAYA NAGAR EXTENSION, HASSAN – 573 201 REP BY SRI. MANOHARLAL VISHRAM PATEL MANAGER PARNERSHIP FIRM. …PETITIONERS (BY SRI. SHRIKARA P K, ADVOCATE) AND: KARUR VYSYA BANK LTD., ASSET RECOVERY BRANCH, DIVISIONAL OFFICE BUILDING, NO. 6, SHRIVASAVI TEMPLE ROAD, NEAR SAJJAN RAO CIRCLE, V. V. PURAM, BENGALURU – 560 004. REP. BY ITS CHIEF MANAGER AND AUTHORIZED OFFICER. …RESPONDENT (BY SRI. VIGNESH SHETTY, ADVOCATE FOR C/R1) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO DIRECT TO CONSIDER THE REQUEST MADE BY THE PETITIONER BY REPRESENTATION DATED 08/03/2025 TO ENABLE CLOSURE OF THE LOAN ACCOUNT VIDE ANNEXURE-A; DIRECT THE RESPONDENT TO RESTORE THE POSSESSION OF THE SCHEDULE PROPERTY BACK TO THE PETITIONERS. - 3 - HC-KAR NC: 2026:KHC:11632 WP No. 9270 of 2025 THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER Learned counsel for the petitioners has filed a memo dated 16.02.2026 seeking leave of the Court to withdraw the writ petition. 2. Memo is taken on record. 3. Accordingly, the writ petition is dismissed as withdrawn. 4. In view of dismissal of the petition, pending IA(s), if any, shall stand disposed of. Sd/- (ASHOK S.KINAGI) JUDGE PA List No.: 2 Sl No.: 9