- 1 - HC-KAR NC: 2026:KHC:409 WP No. 24286 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 6TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 24286 OF 2024 (GM-DRT) BETWEEN: 1. SRI A H HALESH S/O HALAPPA, AGED ABOUT 67 YEARS, R/AT # 1046, JAYANAGARA B BLOCK, NEAR CHURCH, DAVANAGERE-577004. 2. SMT SHIVAMMA W/O SRI A H HALESH, AGED ABOUT 67 Y EARS, R/AT NUMBER 1046, JAYANAGARA B BLOCK, NEAR CHURCH, DAVANAGERE-577004. …PETITIONERS (BY SRI. HAREESH BHANDARY T., ADVOCATE) Digitally signed by SUNITHA K S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:409 WP No. 24286 of 2024 AND: CAN FIN HOMES LTD., DAVANAGERE BRANCH NO. 85/35, 85/15 1ST FLOOR, BJ ARCADE P B ROAD, OPP; NANDI PETROL BUNK, NEAR KSRTC BUS STAND DAVANAGERE 577002 REPRESENTED BY ITS AUTHORIZED OFFICER SRI HARISH SINGH …RESPONDENT (BY SRI. MANJUNATH C., ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED DEMAND NOTICE DTD 04.07.24 ISSUED BY THE RESPONDENT VIDE ANNEXURE-A. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI - 3 - HC-KAR NC: 2026:KHC:409 WP No. 24286 of 2024 ORAL ORDER Learned counsel for the petitioners has filed a memo seeking leave of the Court to withdraw the writ petition with liberty to challenge the impugned order before the Debts Recovery Tribunal. 2. Memo is placed on record. 3. Accordingly, the writ petition is dismissed as withdrawn with the aforesaid liberty. 4. Learned counsel for the respondent submits that, pursuant to the interim order, the petitioners have deposited a sum of Rs.7,50,000/- before this Court and the same may be released in favour of the respondent. 5. Learned counsel for the petitioners submits no objection to release the said amount in favour of the respondent. 6. Registry is directed to release the said amount in favour of the respondent. - 4 - HC-KAR NC: 2026:KHC:409 WP No. 24286 of 2024 7. The respondent is directed not to precipitate the matter for a period of one month from today. 8. In view of dismissal of the petition, pending IA(s), if any, shall stand disposed of accordingly. Sd/- (ASHOK S.KINAGI) JUDGE PA CT:KHV List No.: 1 Sl No.: 46