- 1 - HC-KAR NC: 2026:KHC:7664 WP No. 4063 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE ASHOK S.KINAGI WRIT PETITION NO. 4063 OF 2026 (GM-DRT) BETWEEN: 1. M/S PRIMUS FASTENERS LLP INCORPORATED PURSUANT TO SECTION 12(1) OF THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 SITUATED AT SY.NO. 301 (PART), 302(PART), 303(PART), 304 (PART), APIIC, INDUSTRIAL PARK, GANDRAJUPALLI (V) GNAGAVARAM (M), CHITTOOR REPRESENTED BY ITS MANAGING PARTNER SMT. C. SUMALATHA, W/O SRI. VENKATARAMANA REDDY, R/AT D.NO. 54/11, NETRAVATHI EXTENSION, K.R. PURAM BENGALURU-560036 2. SMT. C. SUMALATHA, W/O SRI. VENKATARAMANA REDDY, AGED ABOUT 49 YEARS, R/AT D.NO.54/11, NETRAVATHI EXTENSION, K.R. PURAM, BENGALURU- 560 036 3. SRI. C. VENKATARAMANA REDDY W/O SRI. VENKATARAMANA REDDY, R/AT D.NO.54/11, NETRAVATHI EXTENSION, K.R. PURAM, BENGALURU 560036 …PETITIONERS (BY SRI. ASHWIN JOYSTON KUTINHA, ADV.) Digitally signed by SHILPABAI S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:7664 WP No. 4063 of 2026 AND: 1. ANDHRA PRADESH STATE FINANCIAL CORPORATION INCORPORATED UNDER THE STATE FINANCIAL CORPORATION ACT, HAVING OFFICE AT D.NO. 2-2-388/B, NARASIMHATEERTHAM ROAD, BALAJI COLONY, TIRUPATI 517 502 REPRESENTED BY ITS MANAGING DIRECTOR 2. SRI. Y. VASUDEVA REDDY, S/O SRI. RAMACHANDRA REDDY, Y. KOTHAPALLI VILLAGE AND POST, SIMHARDRIPURAM MANDAL, PULIVENDULA TALUK, YSR KADAPA DISTRICT 516 390 …RESPONDENTS THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TOQUASHING THE ORDER DATED 20-07-2024 PASSED BY THE LEARNED XXIX ADDL. CHIEF JUDICIAL MAGISTRATE, BENGALURU, IN CRL.MISC. NO.50713/2023 VIDE ANNEXURE-A B) DECLARE THAT THE PROCEEDINGS INITIATED IN MISC NO. 50713/2023 VIDE ANNEXURE-A BY THE RESPONDENT UNDER THE SARFAESI ACT PURSUANT TO THE PREMATURE CLASSIFICATION OF THE LOAN ACCOUNT AS NPA ARE ILLEGAL AND UNSUSTAINABLE, AND ETC., THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:7664 WP No. 4063 of 2026 CORAM: HON'BLE MR. JUSTICE ASHOK S.KINAGI ORAL ORDER Learned counsel for the petitioners filed a memo seeking leave of the Court to withdraw the writ petition with a liberty to challenge the impugned order before the appropriate forum. 2. The memo is placed on record. Accordingly, the writ petition is dismissed as withdrawn with the aforesaid liberty. Sd/- (ASHOK S.KINAGI) JUDGE SSB