Petitioners sought a direction to the RBI to permit set-off of a car term loan against fixed deposits with Punjab and Maharashtra Co-operative Bank. Counsel stated the matter was settled and sought withdrawal; the petition was dismissed as withdrawn.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
NC: 2024:KHC:33069 WP No. 201 of 2021
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 19TH DAY OF AUGUST, 2024
BEFORE
THE HON'BLE MR JUSTICE M.G.S. KAMAL WRIT PETITION NO. 201 OF 2021 (GM-RES)
BETWEEN:
BOTH THE PETITIONER ARE R/AT 947/168 'RAITHA BANDHU BHAVAN' 1ST FLOOR, 2ND MAIN, 4TH BLOCK, RAJAJINAGAR, BENGALURU - 560 010.
…PETITIONERS
(BY SRI. H.R. NARAYANA RAO., ADVOCATE FOR
SRI. RAJESWARA P N.,ADVOCATE)
AND:
Digitally signed by SUMA B N Location: High Court of Karnataka
REGIONAL OFFICE BENGALURU 10/3/8, NRUPATHUNGA ROAD, BENGALURU - 560 001 REPRESENTED BY ITS REGIONAL DIRECTOR
NC: 2024:KHC:33069 WP No. 201 of 2021
…RESPONDENTS
(BY SRI. V. VINAY GIRI.,ADVOCATE FOR R1; SRI. NARAYANA SHENOY, ADVOCATE FOR R2 AND R3)
THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R-1 TO GRANT APPROVAL TO THE R-2 AND 3 TO SET OFF THE CAR TERM LOAN ACCOUNT BEARING NO.322300500000011 STANDING IN THE NAME OF PETITIONER NO.1 AGAINST THE TWO FIXED DEPOSITS BEARING ACCOUNT NOS.322226100000715 AND 322226100000311 STANDING IN THE NAME OF PETITIONER NO.2 BY CONSIDERING THE PETITIONERS TWO JOINT REPRESENTATIONS BOTH DATED 07.11.2020 ANNEXURES-A AND B 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 M.G.S. KAMAL
ORAL ORDER
Sri.H.R.Narayana Rao, learned counsel for the petitioner
submits that matter has been settled. Hence, seeks for dismissal of the petition as withdrawn.
Memo is taken on record.
Accordingly, petition stands dismissed as withdrawn .
Sd/(M.G.S. KAMAL) JUDGE
RL
1 provisions across 1 enactments
Sri Krishna M N
Smt. Kalpana Krishna
Reserve Bank of India
Punjab and Maharashtra Co-operative Bank Limited
The Branch Manager, Punjab and Maharashtra Co-operative Bank Limited
M.G.S. Kamal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
