- 1 - HC-KAR CNR: KAHC010516412022 NC: 2026:KHC:50323 WP No. 22213 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM WRIT PETITION NO. 22213 OF 2022 (GM-DRT) BETWEEN: 1. NIRPL VENTURES PVT LTD A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 7TH FLOOR, NITESH TIME SQUARE, NO 8 MAHATMA GANDHI ROAD BENGALURU - 560001 REPRESENTED BY ITS AUTHORIZED SIGNATORY …PETITIONER (BY SRI. SUMANA NAGANAND, ADVOCATE) AND: 1. UNION OF INDIA REPRESENTED THROUGH DEPT OF FINANCIAL SERVICES MINISTRY OF FINANCE HAVING ITS OFFICE AT 3RD FLOOR, JEEVAN DEEP BUILDING SANSARD MARG, NEW DELHI 110001. 2. J C FLOWERS ASSETS RECONSTRUCTION PRIVATE LIMITED AN ASSET RECONSTRUCTION COMPANY REGISTERED UNDER SECTION 3 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 ACTING IN ITS CAPACITY AS Digitally Signed By: SACHIN SHANKAR MAGADUM Verified - 2 - HC-KAR CNR: KAHC010516412022 NC: 2026:KHC:50323 WP No. 22213 of 2022 TRUSTEE OF JCF YES TRUST 2022-23/15 HAVING ITS REGISTERED OFFICE AT C G HOUSE, 12TH FLOOR, DR. ANNIE BESAND ROAD WORLI, MUMBAI-400 030. 3. NEL HOLDINGS SOUTH LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.110 LEVEL I, ANDREWS BUILDING, M.G. ROAD, BANGALORE-560 001, REPRESENTED BY ITS AUTHORIZED PERSON 4. MR GEORGE THANGIAH DECEASED REPRESENTED THROUGH HIS LR MR. VIJAY SHEKAR THANGAIAH S/O. LATE MR. GEORGE THANGAIAH, AGED ABOUT 64 YEARS, RESIDING AT NO. 6, COMMISSARIAT ROAD, BENGALURU-560 025. 5. MS. RACHEL CHITRA PRABHAKAR W/O. MR. SATHI PRABHAKAR AGED ABOUT 60 YEARS, RESIDING AT NO. 6, COMMISSARIAT ROAD, BENGALURU-560 025. …RESPONDENTS (BY SMT. ANUPARNA BORDOLOI, ADVOCATE FOR R1; SRI. GEORGE JOSEPH, ADVOCATE FOR R4 AND R5; SMT. POORNIMA HATTI, ADVOCATE FOR R2 R3 SERVED AND UNREPRESENTED) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO CALL FOR RECORDS PERTAINING TO THE IMPUGNED NOTIFICATION DATED 04/10/2022 (ANNEXURE-H) BEARING NO.CG-DL-E- 06102022-239351 ISSUED BY RESPONDENT NO.1, QUASH THE IMPUGNED NOTIFICATION DATED 04/10/2022 (ANNEXURE-H) BEARING NO.CG-DL-E-06102022-239351 ISSUED BY RESPONDENT NO.1, AS VIOLATIVE OF THE PROVISIONS OF Digitally Signed By: SACHIN SHANKAR MAGADUM Verified - 3 - HC-KAR CNR: KAHC010516412022 NC: 2026:KHC:50323 WP No. 22213 of 2022 CONSTITUTION OF INDIA AND DECLARE IT AS UNCONSTITUTIONAL AND CONSEQUENTLY TRANSFER THE T.A. NO. 66/2022 BACK TO DEBTS RECOVERY TRIBUNAL, BENGALURU FOR FURTHER ADJUDICATION; AND ETC THIS PETITION, COMING ON FOR PRELIMINARY HEARING 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM ORAL ORDER The counsel appearing for the borrower, on instructions, submits that borrower has settled the matter with the Bank and therefore seeks leave to withdraw the petition. The counsel appearing for the bank, on instructions, also acknowledges that the matter is settled. Submissions of both the counsel are taken on record. 2. In view of submission made by both the counsel that the matter is settled, the writ petition stands disposed of. (SACHIN SHANKAR MAGADUM) JUDGE ALB List No.: 1 Sl No.: 37 Digitally Signed By: SACHIN SHANKAR MAGADUM Verified