- 1 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 18659 OF 2023 (GM-DRT) C/W WRIT PETITION NO. 21234 OF 2023 IN WP No. 18659/2023 BETWEEN: M/S. MANYATA DEVELOPERS PRIVATE LIMITED NO. 9/1, II FLOOR, CLASSIC COURT, RICHMOND ROAD, BANGALORE-560 025, REPRESENTED BY ITS AUTHORIZED SIGNATORY & DIRECTOR MR. REDDY VEERANNA. COMPANY REGISTERED UNDER COMPANY REGISTRATION ACT 1956 …PETITIONER (BY SRI. PRAKASH PATIL., ADVOCATE) (NOC NOT OBTAINED) AND: 1. ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ARCIL) ACTING IN ITS CAPACITY AS TRUSTEE OF ARCIL-AST-IX TRUST CIN NO. U65999MH2002PLC134884 HAVING ITS REGISTERED OFFICE AT Digitally signed by KIRAN KUMAR R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 THE RUBY, 10TH FLOOR, 29, SENAPATI BAPAT MARG, DADAR (WEST), MUMBAI-400 028, REPRESENTED BY ITS AUTHORIZED REPRESENTATIVE COMPANY REGISTERED UNDER COMPANY REGISTRATION ACT 1956 2. REDDY VEERANNA AGED ABOUT 65 YEARS, SON OF LATE REDDY SANJEEVAPPA, OFFICE AT NO. 9/1, 2ND FLOOR, CLASSIC COURT, RICHMOND ROAD, BENGALURU-560 025. ALSO AT 109/21, 10TH MAIN, 7TH CROSS, RMV EXTENSION, BENGALURU-560 025. 3. SUGUNA REDDY AGED MAJOR, WIFE OF REDDY VEERANNA, OFFICE AT NO. 9/1, 2ND FLOOR, CLASSIC COURT, RICHMOND ROAD, BENGALURU-560 025. ALSO AT 109/21, 10TH MAIN, 7TH CROSS, RMV EXTENSION, BENGALURU-560 025. 4. SANGEETHA REDDY AGED MAJOR, WIFE OF ABHIRAM PARVATHANENI, - 3 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 OFFICE AT NO. 9/1, 2ND FLOOR, CLASSIC COURT, RICHMOND ROAD, BENGALURU-560 025. ALSO AT 109/21, 10TH MAIN, 7TH CROSS, RMV EXTENSION, BENGALURU-560 025. 5. SAPPHIRE INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED HAVING ITS REGISTERED OFFICE AT FIRST FLOOR, NO. 9/1, CLASSIC COURT, RICHMOND ROAD, BENGALURU-560 025. 6. A. VENKATARAMANA SON OF VISWESWARA RAO, AGED MAJOR, 475, BALAJI ORCHID, FLAT NO. 301, 12TH CROSS, WILSON GARDEN, BENGALURU-560 027. 7. VENKATESHWAR RAO SON OF K. GOPAL KRISHNA RAO, AGED MAJOR, 58/1, 2ND CROSS, LAKSHMI ROAD, SHANTI NAGAR, BENGALURU-560 027. ALSO AT NO. 30, 2ND CROSS, SWATHI ROAD, SHANTI NAGAR, BENGALURU-560 030. - 4 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 8. R. PUSHPAVATHI DAUGHTER OF RAMAIAH REDDY, AGED MAJOR, NO. 130, AGARA VILLAGE, BEGUR HOBLI, BENGALURU SOUTH TALUK. 9. AJAY KUMAR SARNAIK AGED MAJOR, SON OF S.S. SARNAIK, NO. S-401, 2 AND 3 SHALINI AND MEGHANA APARTMENTS, 100 FEET RING ROAD, BANASANKARI 2ND STAGE, BENGALURU-560 070. 10. SIDDHARTH SARNAIK AGED MAJOR, SON OF RAVI SHANKAR SARNAIK, NO. 217, STERLING ORCHARDS, FLAT NO. 101, 5TH CROSS, C.V. RAMAN ROAD, RMV 1ST STAGE, BENGALURU-560 080. 11. HARI PRASAD AGED MAJOR, SON OF BHIMLINGAPPA, NO. 303, PATEL NEST APARTMENT, NO.33/2, 1ST CROSS, KEMPEGOWDA CIRCLE, NEAR MARUTI LAYOUT, DASARAHALLI, BENGALURU NORTH, BENGALURU-560 024. 12. R. PRABHAKAR AGED MAJOR, SON OF NAGAREDDY, 9/1, 2ND FLOOR, CLASSIC COURT, - 5 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 RICHMOND ROAD, BENGALURU-560 025. …RESPONDENTS (BY SRI. P. CHINNAPPA., ADVOCATE FOR C/R1 IN CP 11003/2023 NOTICE TO R2 IS D/W) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE ORDER DTD 03.08.2023 PASSED BY THE CHIEF JUDICIAL MAGISTRATE BENGALURU RURAL DIST BENGALURU IN CRL MISC NO. 100/2023 PRODUCED AT ANNX-A FILED BY THE R-1 U/S 14 OF THE SARFAESI ACT ISSUED BY THE R-14 OF THE SARFAESI ACT ISSUED BY THE RESPONDENT NO.1 AND ALL CONSEQUENTIAL ACTIONS THERETO. IN WP NO. 21234/2023 BETWEEN: 1. M/S MANYATA DEVELOPERS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO 9/1, II FLOOR, CLASSIC COURT, RICHMOND ROAD, BANGALORE 560025, REPRESENTED BY ITS AUTHORISED SIGNATORY DIRECTOR, MR REDDY VEERANNA ...PETITIONER (BY SRI. PRAKASH PATIL., ADVOCATE) (NOC NOT OBTAINED) AND: 1. ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ARCIL) A COMPANY INCORPORATED UNDER THE PROVISIONS OF COMPANIES ACT 1956, - 6 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 ACTING IN ITS CAPACITY AS TRUSTEE OF ARCIL AST IX TRUST, CIN NO U65999MH2002PLC134884, HAVING ITS REGISTERED OFFICE AT THE RUBY, 10TH FLOOR, 29, SENAPATI BAPAT MARG, DADAR(WEST), MUMBAI 400028, REPRESENTED BY ITS AUTHORIZED REPRESENTATIVE 2. NAVYA INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO 9/1, II FLOOR, CLASSIC COURT, RICHMOND ROAD, BENGALURU 560025, REPRESENTED BY ITS AUTHORISED REPRESENTATIVE ...RESPONDENTS (BY SRI. P. CHINNAPPA, ADVOCATE FOR C/R1 IN CP No.13884/2023 NOTICE TO R2 IS D/W) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE ORDER DTD 26.08.2023 PASSED BY THE X ADDL. CHIEF METROPOLITAN MAGISTRATE BENGALURU DIST BENGALURU IN CRL MISC NO. 50100/2023 FILED BY THE R-1 UNDER SECTION 14 OF THE SARFAESI ACT ISSUED BY THE R-1 AND ALL CONSEQUENTIAL ACTIONS THERETO (ANNX-A). - 7 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 THESE PETITIONS, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER 1. Learned counsel for the petitioner in both the writ petitions filed a memo for withdrawal stating that the dispute between the petitioner and respondents have been amicably settled and the parties have restructured the loan facility as per the terms of agreement and the parties have agreed to withdraw the petitions. 2. The petitioner and respondents have agreed to withdraw the cases pending before the various court of law. In this regard, respondent No.1 has issued confirmation letter dated 08.10.2025. 3. The memo in both the cases is placed on record. - 8 - HC-KAR NC: 2026:KHC:3219 WP No. 18659 of 2023 C/W WP No. 21234 of 2023 4. Accordingly, the writ petitions are dismissed as withdrawn. 5. Pending interlocutory application/s, if any, shall stand disposed of accordingly. Sd/- (ASHOK S.KINAGI) JUDGE SKS CT:KHV