SRI ANIL CYPRIAN LOBO v. MANIPAL HOUSING FINANCE SYNDICATE LTD.,
WP/25064/2025 · 2026-02-19
B M Shyam Prasad
body2026
DailyLaw.ai
[ 2026 DAILYLAW 6804 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 6804 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:10253 WP No. 25064 of 2025
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 25064 OF 2025 (GM-RES) BETWEEN:
SRI ANIL CYPRIAN LOBO S/O ALEX LOBO, AGED ABOUT 50 YEARS, R/AT NO. 3-72/2, LOBO COMPOUND, KARINJE VILLAGE, KODANGALLU POST, VIA MOODBIDRI, MANGALORE TALUK - 574197. …PETITIONER (BY SRI. VENKITARAMAN N S.,ADVOCATE) AND:
MANIPAL HOUSING FINANCE SYNDICATE LTD., 'MANIPAL HOUSE', MANIPAL - 576104, UDUPI DISTRICT, KARNATAKA, REPRESENTED BY ITS AUTHORISED OFFICER.
…RESPONDENT
Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:10253 WP No. 25064 of 2025
THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO- A) DIRECTING THE RESPONDENT TO ACCEPT THE SUM OF RS. 82,00,000/- PAID TOWARDS THE ONETIME SETTLEMENT (OTS) AND RELEASE THE ORIGINAL TITLE DEEDS AND OTHER DOCUMENTS PERTAINING TO THE SECURED ASSET, MORE FULLY DESCRIBED IN THE SCHEDULE HEREUNDER, IN RELATION TO HOUSING LOAN ACCOUNT NOS. HL/50/200012 AND HL/50/200013; B) DECLARE THAT THE SAID ONE- TIME SETTLEMENT (OTS) STANDS FULLY DISCHARGED UPON THE AFORESAID PAYMENT AND THAT THE RESPONDENT HAS NO SUBSISTING OR ENFORCEABLE CLAIM AGAINST THE PETITIONER IN RESPECT OF THE SAID LOAN ACCOUNTS; C) DIRECT THE RESPONDENT TO REFRAIN FROM TAKING ANY FURTHER RECOVERY ACTION UNDER THE SARFAESI ACT, 2002 IN RELATION TO THE ABOVE-MENTIONED LOAN ACCOUNTS.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD
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HC-KAR NC: 2026:KHC:10253 WP No. 25064 of 2025
ORAL ORDER
Sri N S Venkitaraman, the learned counsel for the petitioner, files a memo for withdrawal of the writ petition which reads as under:
"The petitioner respectfully submits that the parties have entered into a Joint Memo of Settlement and the dispute has been fully settled. In view of the said settlement, the petitioner seeks to withdraw the writ petition. It is prayed that this Hon'ble Court may be pleased to dispose of the writ petition as settled."
The memo is accepted, and the writ petition stands
disposed of as withdrawn.
Sd/- (B M SHYAM PRASAD) JUDGE
AN/-