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2026 DAILYLAW 4428 (KAR)

ARINDAM DEB v. NATIONAL HOUSING BANK

WP/8099/2025 · 2026-03-17

Sachin Shankar Magadum

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:15576 WP No. 8099 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM WRIT PETITION NO. 8099 OF 2025 (GM-RES) BETWEEN: 1. ARINDAM DEB AGED ABOUT 53 YEARS S/O RABINDRA NATH DEB FLAT NO.705, SHREEJI ARCADE, SECTOR 9, PLOT NO. 28A, ULWE, PANVEL, RAIGARH - 410 206 &PETITIONER (BY SRI. ABHIJEET SHARMA, ADVOCATE) AND: 1. NATIONAL HOUSING BANK THROUGH ITS MANAGING DIRECTOR CORE 5-A, INDIA HABITAT CENTRE, LODHI ROAD, NEW DELHI - 110 003 2. RESERVE BANK OF INDIA, (UNDER RBI ACT) THROUGH ITS GOVERNOR 6, SANSAD MARG, NEW DELHI - 110 001, 3. UNION OF INDIA THROUGH SECRETARY, Digitally signed by SHARADAVANI B Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:15576 WP No. 8099 of 2025 MINISTRY OF FINANCE RAJPATH MARG, E-BLOCK, CENTRAL SECRETARIAT NEW DELHI - 110 011 4. TRANS UNION CIBIL LIMITED (UNDER COMPANIES ACT 1956) FORMERLY CREDIT INFORMATION BUREAU (INDIA) LIMITED, THROUGH ITS MANAGING DIRECTOR ONE WORLD CENTRE, TOWER 2A, 19TH FLOOR, SENAPATI BAPAT MARG, ELPHINSTONE ROAD, MUMBAI - 400 013 5. STATE BANK OF INDIA (INCORPORATED UNDER RBI) STATE BANK BHAWAN, M.C. ROAD, NARIMAN POINT, MUMBAI-400021 THROUGH ITS CHAIRMAN 6. OZONE URBANA INFRA DEVELOPERS PVT LTD (UNDER COMPANIES ACT 1956) THROUGH ITS MANAGING DIRECTOR NO.38, ULSOOR ROAD BANGALORE - 560 042 7. SATHYA MOORTHY SAI PRASAD DIRECTOR, OZONE URBANA INFRA DEVELOPERS PVT LTD NO.38, ULSOOR ROAD BANGALORE- 560042 - 3 - HC-KAR NC: 2026:KHC:15576 WP No. 8099 of 2025 8. VASUDEVAN SATHYAMOORTHY DIRECTOR, OZONE URBANA INFRA DEVELOPERS PVT LTD NO.38, ULSOOR ROAD BANGALORE-560042 9. KARNATAKA REAL ESTATE REGULATORY AUTHORITY THROUGH ITS CHAIRMAN SECOND FLOOR SILVER JUBILEE BLOCK 3RD CROSS ROAD, CSI COMPOUND, MISSION RD, SAMPANGI RAMA NAGARA, BENGALURU - 560 027 &RESPONDENTS (BY SRI. SUDEEP C.V., CGSC FOR R3 SRI. NANDISH PATIL, ADVOCATE FOR R5 SRI. GOWTHAMDEV C. ULLAL, ADVOCATE FOR R9) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A) ALLOW THE PRESENT PETITION. B) ISSUE APPROPRIATE ORDER OR DIRECTION TO THE RESPONDENT BANK (RESPONDENT NO.5) TO CEASE AND DESIST FROM RECOVERING EMI PAYMENTS FROM THE PETITIONER AND ETC. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM - 4 - HC-KAR NC: 2026:KHC:15576 WP No. 8099 of 2025 ORAL ORDER Learned counsel appearing for the petitioner has filed a memo dated 17.03.2026, seeking withdrawal of the writ petition with liberty to file a fresh petition as against the respondent-Bank, if need arises. 2. The memo is taken on record. 3. In view of the said memo, this writ petition is dismissed as withdrawn with liberty as prayed for. Pending applications, if any, are also disposed off. Sd/- (SACHIN SHANKAR MAGADUM) JUDGE HDK List No.: 2 Sl No.: 57