- 1 - HC-KAR NC: 2026:KHC:10013 WP No. 24201 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 24201 OF 2024 (GM-DRT) BETWEEN: 1. SRI S MAHADEVASWAMY S/O P SHIVAPPA AGED ABOUT 49 YEARS SKPT ROAD, HANNUR KOLLEGAL, CHAMARAJPET 571440 2. SMT ANITHA MAHADEVASWAMY W/O S MAHADEVASWAMY AGED ABOUT 44 YEARS SKPT ROAD, HANNUR KOLLEGAL, CHAMARAJPET 571440 …PETITIONERS (BY SRI. SRIKANTH B., ADV. SMT. KALPANA P V ADV. FOR P1 & P2 (NOC) ) AND: 1. PIRAMAL CAPITAL AND HOUSING FINANCE LTD (FORMERLY KNOWN AS DEWAN HOUSING FINANCE CORPORATION LTD.,) PIRAMAL CAPITAL AND HOUSING FINANCE LTD., Digitally signed by SUNITHA K S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:10013 WP No. 24201 of 2024 UNIT NO.601, 6TH FLOOR, AMRITI BUILDING AGASTYA CORPORATION PARK, KAMANI JUNCTION, OPP: FIRE STATION, LBS MARG KURLA (WEST) MUMBAI-40070 REG. UNDER HOUSE FINANCE ACT, 1987 REP. BY ITS MANAGER 2. PIRAMAL CAPITAL AND HOUSIG FINANCE LTD., (FORMERLY KNOWN AS DEWAN HOUSING FINANCE CORPORATION LTD.,) BRANCH OFFICE NO.13, OLD NO. 5, 1ST MAIN ROAD, NEAR KODAVA SAMAJA, VASANTH NAGAR, BENGALURU-560052 REP BY ITS MANAGER. 3. PIRAMAL CAPITAL AND HOUSIG FINANCE LTD., (FORMERLY KNOWN AS DEWAN HOUSING FINANCE CORPORATION LTD.,) NO.1067/K06, 3RD FLOOR, KSS COMPLEX, VANI VILAS DOUBLE ROAD, NEAR SIDDAPPA SQUARE, N R MOHALLA, LAKSHMIPURAM, MYSORE-570004, REP BY ITS MANAGER. …RESPONDENTS (BY SRI. PATIL J M., ADV.) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE NOTICE OF SALE OF IMMOVABLE PROPERTY / SCHEDULE PROPERTY DTD. 17.08.2024 ISSUED BY THE RESPONDENT / BANK IN EXERCISE OF POWERS CONFERRED UNDER THE PROVISIONS OF THE SECURITY INTEREST (ENFORCEMENT) RULES 2002 THE IMPUGNED NOTICE IS PRODUCED AT ANNX-H, AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:10013 WP No. 24201 of 2024 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER The petitioner filed this writ petition challenging the sale notice dated 17.08.2024 issued by the respondent – Bank vide Annexure-H. 2. Learned counsel for the petitioner filed a memo along with the documents, wherein the petitioner has submitted a representation to the respondent-Bank requesting for one time settlement, wherein the respondent-Bank has accepted the representation submitted by the petitioner and as per the terms and conditions of OTS, the petitioner has to deposit the amount of Rs.21,50,000/- on or before 18.02.2026. 3. Learned counsel for the petitioner submits that, in view of the acceptance of OTS scheme by the respondent –Bank, nothing survives for consideration in - 4 - HC-KAR NC: 2026:KHC:10013 WP No. 24201 of 2024 this writ petition, and accordingly, prays to dispose off the writ petition. 4. The submission is placed on record. 5. Accordingly, the writ petition is disposed off as having rendered infructuous. 6. A liberty is reserved to the petitioner, in case, if the respondent initiates any further proceedings. 7. Pending applications, if any, stand disposed off accordingly. Sd/- (ASHOK S.KINAGI) JUDGE SSB