- 1 - HC-KAR CNR: KAHC010236462024 NC: 2026:KHC:45625 WP No. 14840 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF AUGUST, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ WRIT PETITION NO. 14840 OF 2024 (GM-RES) BETWEEN: INGERSOLL RAND TECHNOLOGIES AND SERVICES PRIVATE LIMITED (SUCCESSOR INTEREST IN M/S TRANE DESIGN CENTRE PVT LTD) HAVING OFFICE AT GROUND FLOOR SUBRAMANYA ARCADE NO.12/1 BANNERGHATTA ROAD BENGALURU-560029 REPREENTED BY ITS MANAGER SECTETARIAL MR PRAMOD HEGDE SON OF MR. MANJUNATH HEGDE AGED ABOUT 41 YEARS …PETITIONER (BY SRI. PRAVEEN H P F., ADVOCATE) AND: 1. RESERVE BANK OF INDIA 18TH FLOOR, CENTRAL OFFICE BUILDING SHAHID BHAAT SINGH ROAD MUMBAI-400001 REPRESENTED BY HONBLE GOVERNOR 2. RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT FORT GLACIS, RAJAJI SALAI CHENNAI-60001 REPRESENTED BY ITS CHIEF GENERAL MANAGER Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010236462024 NC: 2026:KHC:45625 WP No. 14840 of 2024 3. RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT FORT GLACIS, RAJAJI SALAI CHENNAI-60001 REPRESENTED BY ITS DEPUTY GENERAL MANAGER 4. RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT 10/3/8, NIRUPATHUNGA ROAD BENGALURU-560001 REPRESENTED BY ITS ASSISTANT GENERAL MANAGER 5. RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT FORT GLACIS, RAJAJI SALAI CHENNAI-600001 REPRESENTED BY ITS GENERAL MANAGER 6. RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT FORT GLACIS, RAJAJI SALAI CHENNAI-60001 REPRESENTED BY ITS MANAGER 7. DIRECTORATE OF ENFORCEMENT SOUTHERN REGIONAL OFFICE 3RD FLOOR, MURUGESAN COMPLEX NO.84, GREAMS ROAD CHENNAI-600006 REPRESENTED BY ITS JOINT DIRECTOR 8. DIRECTORATE OF ENFORCEMENT SOUTHERN REGIONAL OFFICE 3RD FLOOR, MURUGESAN COMPLEX NO.84, GREAMS ROAD CHENNAI-60006 REPRESENTED BY ITS ADDITIONAL DIRECTOR 9. DIRECTORATE OF ENFORCEMENT SOUTHERN REGIONAL OFFICE 3RD FLOOR, MURUGESAN COMPLEX NO.84, GREAMS ROAD - 3 - HC-KAR CNR: KAHC010236462024 NC: 2026:KHC:45625 WP No. 14840 of 2024 CHENNAI-60006 REPRESENTED BY ITS ASSISTANT DIRECTOR …RESPONDENTS (BY SRI. PRADEEP S SAWKAR, SRI. SUNDARSWAMY AND SRI. RAMDAS., ADVOCATES FOR R1 TO R6; SRI. SWAROOP ANAND., ADVOCATE FOR R7 TO R9) THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO ISSUE A WRIT OF CERTIORARI SETTING ASIDE THE COMMUNICATION /ORDER VBEARING NO. BLR.FED.CEIF. NO. S775/22-15-002/2023-2024 DATED 28-07-2023 ADDRESSED BY THE RESPONDENT NO. 4 (ANNEXURE A) RETURNING THE COMPOUNDING APPLICATION DATED 22.02.2023 FILED BY PETITIONER SEEKING RESPONDENT NO, 4 TO ALLOW IT TO COMPOUND THE ALLEGED CONTRAVENTIONS UNDER FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) 1999 AND ETC. THIS WRIT PETITION, COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following reliefs: A. To issue a Writ of Certiorari setting aside the communication/Order bearing no. BLR.FED.CEIF. No. S775/22-15-002/2023-2024 dated 28.07.2023 addressed by the Respondent No.4 (Annexure A) returning the Compounding application dated 22.02.2023 filed by Petitioner seeking Respondent No.4 to allow it to compound the alleged contraventions under Foreign Exchange Management Act (FEMA) 1999. - 4 - HC-KAR CNR: KAHC010236462024 NC: 2026:KHC:45625 WP No. 14840 of 2024 B. To issue a Writ of Mandamus directing the Respondents to reconsider the compounding application dated 22.02.2023 (Annexure A) seeking to compound the alleged contraventions under FEMA 1999, Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 in accordance with law. C. To issue a Writ of Mandamus directing the Respondents to adjudicate the Complaint bearing No. T-3/CEZO/Z-II/112/2018 and any other contraventions reported by the Petitioner in their Compounding application dated 22.02.2023 to the Respondents in accordance with law. D. To issue any other Writ/directions as this Hon'ble Court deems fit or appropriate under the above circumstances in the interest of justice and equity. 2. A memo has been filed by the learned counsel for the petitioner seeking withdrawal of the petition, which reads as under:- MEMO FOR WITHDRAWAL “The counsel appearing for the Petitioner herein prays this Hon’ble Court to permit the Petitioner to withdraw the above-mentioned Writ Petition and further be pleased to pass the necessary orders reserving liberty to Petitioner to exercise its rights available under the law in the interest of justice and equity.” - 5 - HC-KAR CNR: KAHC010236462024 NC: 2026:KHC:45625 WP No. 14840 of 2024 3. Accepting the memo and the submission made by the learned counsel for the petitioner, the Writ Petition stands dismissed as withdrawn. Sd/- (SURAJ GOVINDARAJ) JUDGE PRS List No.: 1 Sl No.: 110