- 1 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF APRIL, 2026 BEFORE THE HON'BLE MR. JUSTICE R. NATARAJ CRIMINAL PETITION NO. 3295 OF 2021 C/W CRIMINAL PETITION NO. 3272 OF 2021 CRIMINAL PETITION NO. 3290 OF 2021 IN CRL.P No. 3295/2021 BETWEEN: SRI ASHWINI KUMAR S/O A P MANDAL, AGED ABOUT 62 YEARS, E 73, GOLDEN ENCLAVE, OLD AIRPORT ROAD, BANGALORE NORTH, VIMANAPURA, BENGALURU-560017. &PETITIONER (BY SRI. VINOD PRASAD, ADVOCATE) AND: 1. J C FLOWERS ASSESTS RECONSTRUCTION PRIVATE LIMITED, AS ASSET RECONSTRUCTION COMPANY REGISTERED UNDER SECTION 3 OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002, ACTING IN ITS CAPACITY AS JCF YES TRUST 2022-23 Digitally signed by HEMALATHA J Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 HAVING ITS REGISTERED OFFICE AT C G HOUSE, 12TH FLOOR, DR.ANNIE BESANT ROAD, WORLI, MUMBAI - 400030. [AMENDED REPLACING J C FLOWERS IN PLACE OF YES BANK AS PER THE ORDER OF THIS HON'BLE COURT DATED 15/04/2025] 2. M/S NITESH HOUSING DEVELOPERS PVT. LTD REGISTERED OFFICE: LEVEL 7, NITESH TIMES SQUARE, NO.8, M G ROAD, BANGALORE - 560001. REPRESENTED BY MR.L.S.VAIDYANATHAN. &RESPONDENTS (BY SRI. POORNIMA HATTI, ADVOCATE FOR R1; SRI.SIDDARTH SUMAN, ADVOCATE FOR R2) THIS CRL.P IS FILED UNDER SECTION 482 OF THE THE CODE OF CRIMINAL PROCEDURE, 1973 BY THE ADVOCATE FOR THE PETITIONER PRAYING THAT THIS HON'BLE COURT MAY BE PLEASED TO QUASH THE PROCEEDINGS INITIATED AGAINST THE PETITIONER HEREIN IN C.C.NO.4560/2019 ON THE FILE OF XI ADDL. SCJ AND ACMM, BANGALORE SCCH-12. IN CRL.P NO. 3272/2021 BETWEEN: SRI. ASHWINI KUMAR S/O A P MANDAL, AGED ABOUT 62 YEARS, E 73, GOLDEN ENCLAVE, OLD AIRPORT ROAD, BANGALORE NORTH, VIMANAPURA, - 3 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 BENGALURU-560017. ...PETITIONER (BY SRI. VINOD PRASAD, ADVOCATE) AND: 1. J C FLOWERS ASSESTS RECONSTRUCTION PRIVATE LIMITED, AS ASSET RECONSTRUCTION COMPANY REGISTERED UNDER SECTION 3 OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002, ACTING IN ITS CAPACITY AS JCF YES TRUST 2022-23 HAVING ITS REGISTERED OFFICE AT C G HOUSE, 12TH FLOOR, DR.ANNIE BESANT ROAD, WORLI, MUMBAI - 400030. [AMENDED REPLACING J C FLOWERS IN PLACE OF YES BANK AS PER THE ORDER OF THIS HON'BLE COURT DATED 15/04/2025] 2. M/S NUDPL ENTERPRISES PVT LTD FORMERLY NITESH URBAN DEVELOPMENT PVT LTD, REGISTERED OFFICE: LEVEL 7, NITESH TIMES SQUARE, NO.8, M G ROAD, BANGALORE - 560001. REPRESENTED BY ITS MANAGING DIRECTOR, SRI.NITESH SHETTY, MR. L S VAIDYANATHAN. ...RESPONDENTS (BY SRI. POORNIMA HATTI, ADVOCATE FOR R1; SRI.SIDDARTH SUMAN, ADVOCATE FOR R2) THIS CRL.P IS FILED UNDER SECTION 482 OF THE CODE OF - 4 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 CRIMINAL PROCEDURE, 1973 BY THE ADVOCATE FOR THE PETITIONER PRAYING THAT THIS HON'BLE COURT MAY BE PLEASED TO QUASH THE PROCEEDINGS INITIATED AGAINST THE PETITIONER HEREIN IN C.C.NO.800/2020 ON THE FILE OF XI ADDL. SCJ AND ACMM, BANGALORE CITY SCCH-12. IN CRL.P NO. 3290/2021 BETWEEN: SRI. ASHWINI KUMAR s/o A P MANDAL, AGED ABOUT 62 YEARS, E 73 GOLDEN ENCLAVE, OLD AIRPORT ROAD, BANGALORE NORTH, VIMANAPURA, BENGALURU - 560017. ...PETITIONER (BY SRI. VINOD PRASAD, ADVOCATE) AND: 1. J C FLOWERS ASSESTS RECONSTRUCTION PRIVATE LIMITED, AS ASSET RECONSTRUCTION COMPANY REGISTERED UNDER SECTION 3 OF THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002, ACTING IN ITS CAPACITY AS JCF YES TRUST 2022-23 HAVING ITS REGISTERED OFFICE AT C G HOUSE, 12TH FLOOR, DR.ANNIE BESANT ROAD, WORLI, MUMBAI - 400030. [AMENDED REPLACING J C FLOWERS IN PLACE OF YES BANK AS PER THE ORDER OF THIS HON'BLE COURT DATED 15/04/2025] - 5 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 2. M/S NEL HOLDINGS LIMITED FORMERLY NITESH ESTATES LTD. REGISTERED OFFICE: LEVEL 7, NITESH TIMES SQUARE, NO.8, M. G. ROAD, BANGALORE - 560001. REPRESENTED BY MANAGING DIRECTOR, Mr NITESH SHETTY ...RESPONDENTS (BY SRI. POORNIMA HATTI, ADVOCATE FOR R1; SRI.SIDDHARTH SUMAN, ADVOCATE FOR R2) THIS CRL.P IS FILED UNDER SECTION 482 OF THE CODE OF CRIMINAL PROCEDURE, 1973 BY THE ADVOCATE FOR THE PETITIONER PRAYING THAT THIS HON'BLE COURT MAY BE PLEASED TO QUASH THE PROCEEDINGS INITIATED AGAINST THE PETITIONER HEREIN IN C.C.NO.801/2020 ON THE FILE OF THE XI ADDITIONAL SCJ AND A.C.M.M., BENGALURU CITY SCCH-12. THESE PETITIONS, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE R. NATARAJ ORAL ORDER The petitioner in all these petitions has challenged the proceedings initiated by the respondent No.1 for an offence punishable under Section 138 of the Negotiable Instruments Act, 1881, in C.C.No.4560/2019 (in Crl.P.No.3295/2021), C.C.No.800/2020 (in Crl.P.No.3272/2021) and C.C.No.801/2020 (in Crl.P.No.3290/2021), on the file of the XI - 6 - HC-KAR NC: 2026:KHC:18103 CRL.P No. 3295 of 2021 C/W CRL.P No. 3272 of 2021 CRL.P No. 3290 of 2021 Additional Small Causes Judge and Additional Chief Metropolitan Magistrate, Bengaluru City (SCCH-12). 2. When these petitions are listed for orders for amendment of the cause title, it is brought to the notice of the Court by the learned counsel by the respondent No.2 that the case before the trial Court is already settled and that the petitioner has agreed to pay the amount under a One Time Settlement scheme. 3. In that view of the matter, these petitions do not survive for consideration and accordingly, all the three cases are disposed of. Sd/- (R. NATARAJ) JUDGE BKN/List No.: 1 Sl No.: 1