Extracted from the PDF above. The PDF is authoritative.
- 1 -
HC-KAR NC: 2026:KHC:29184 WP No. 9521 of 2022
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 16TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO.9521 OF 2022 (GM-RES) BETWEEN:
1.
PANKAJ L. KOTHARI S/O LATE LAXMIDAS KOTHARI AGED 70 YEARS RESIDING AT NO.11 PALACE ORCHARD APARTMENTS 9TH MAIN, 6TH A CROSS SADASHIVNAGAR BANGALORE - 560080
2.
SARYU P. KOTHARI W/O PANKAJ L. KOTHARI AGED 65 YEARS RESIDING AT NO.11 PALACE ORCHARD APARTMENTS 9TH MAIN, 6TH A CROSS SADASHIVNAGAR BANGALORE - 560080
…PETITIONERS (BY SRI. ROHAN KOTHARI, ADVOCATE) AND:
1.
THE RESERVE BANK OF INDIA CENTRAL OFFICE BUILDING 18TH FLOOR SHAHID BHAGAT SINGH ROAD MUMBAI - 400001 REP BY ITS CHAIRPERSON
Digitally signed by CHAITHRA A Location: HIGH COURT OF KARNATAKA
- 2 -
HC-KAR NC: 2026:KHC:29184 WP No. 9521 of 2022
2.
UNION OF INDIA MINISTRY OF FINANCE NORTH BLOCK NEW DELHI -110001 REPRESENTED BY ITS SECRETARY
3.
BANDHAN BANK LTD GRUH CENTRE
"SRI KANVA PRIDE" NO.115/48, 1ST FLOOR 'C' MAIN, EAST END 9TH BLOCK, JAYANAGAR BANGALORE - 560 069 KARNATAKA REPRESENTED BY ITS AUTHORISED REPRESENTATIVE
…RESPONDENTS (BY SRI.B.S.MAHENDRA, ADVOCATE FOR R.3;
SMT.ANUPARNA BORDOLOI, ADVOCATE FOR R.2;
R.1 - SERVED)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R1-RBI AND R2 TO ENFORCE THE MORATORIUM TERMS AND RESTRUCTURING PROVISIONS PROVIDED IN THE RECOVERY PACKAGE AS CONTAINED IN ITS CIRCULARS DD 06.08.2020, 17.04.2020 AND 05.05.2021 PRODUCED HEREIN AS ANNEXURES-G, J AND K RESPECTIVELY IN LETTER AND SPIRIT AND ETC.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL
- 3 -
HC-KAR NC: 2026:KHC:29184 WP No. 9521 of 2022
ORAL ORDER
Learned counsel for petitioners has filed a memo dated 16.06.2026, which reads as under:
"The Counsel for the petitioners most respectfully submit as follows:
1. During the pendency of this petition, the petitioner No.1 and the Respondent No.3 (Bandhan Bank) have entered into a One Time Settlement ('OTS') - the terms of which have been fully complied with and all of the petitioners' loan accounts with the Respondent No.3 now stand closed.
2. In view thereof, this petition is now rendered infructuous and the petitioners seek leave to withdraw the same, in the interests of justice."
2. Memo is taken on record.
3. Writ Petition is dismissed as having become infructuous.
SD/- (M.G.S. KAMAL) JUDGE
NBM List No.: 1 Sl No.: 6