Karnataka High Court
Pankaj L. Kothari v. The Reserve Bank of India
2026:KHC:29184 · WP/9521/2022
- Decision date
- 2026-06-16
- Text availability
- Full text
- Judges
- M. G. S. Kamal
Source: Indian High Court Judgments, AWS Open Data (CC BY 4.0) ↗
Connected provisions and cases
No further provision or case links are recorded.
Judgment text
- 1 - NC: 2026:KHC:29184 WP No. 9521 of 2022 HC-KAR IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 16TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.G.S. KAMAL WRIT PETITION NO.9521 OF 2022 (GM-RES) BETWEEN: 1. PANKAJ L. KOTHARI S/O LATE LAXMIDAS KOTHARI AGED 70 YEARS RESIDING AT NO.11 PALACE ORCHARD APARTMENTS 9TH MAIN, 6TH A CROSS SADASHIVNAGAR BANGALORE - 560080 2. SARYU P. KOTHARI W/O PANKAJ L. KOTHARI AGED 65 YEARS RESIDING AT NO.11 PALACE ORCHARD APARTMENTS 9TH MAIN, 6TH A CROSS Digitally signed SADASHIVNAGAR by CHAITHRA A BANGALORE - 560080 Location: HIGH COURT OF KARNATAKA …PETITIONERS (BY SRI. ROHAN KOTHARI, ADVOCATE) AND: 1. THE RESERVE BANK OF INDIA CENTRAL OFFICE BUILDING 18TH FLOOR SHAHID BHAGAT SINGH ROAD MUMBAI - 400001 REP BY ITS CHAIRPERSON - 2 - NC: 2026:KHC:29184 WP No. 9521 of 2022 HC-KAR 2. UNION OF INDIA MINISTRY OF FINANCE NORTH BLOCK NEW DELHI -110001 REPRESENTED BY ITS SECRETARY 3. BANDHAN BANK LTD GRUH CENTRE "SRI KANVA PRIDE" NO.115/48, 1ST FLOOR 'C' MAIN, EAST END 9TH BLOCK, JAYANAGAR BANGALORE - 560 069 KARNATAKA REPRESENTED BY ITS AUTHORISED REPRESENTATIVE …RESPONDENTS (BY SRI.B.S.MAHENDRA, ADVOCATE FOR R.3; SMT.ANUPARNA BORDOLOI, ADVOCATE FOR R.2; R.1 - SERVED) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R1-RBI AND R2 TO ENFORCE THE MORATORIUM TERMS AND RESTRUCTURING PROVISIONS PROVIDED IN THE RECOVERY
PACKAGE AS CONTAINED IN ITS CIRCULARS DD 06.08.2020, 17.04.2020 AND 05.05.2021 PRODUCED HEREIN AS ANNEXURES-G, J AND K RESPECTIVELY IN LETTER AND SPIRIT AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.G.S. KAMAL - 3 - NC: 2026:KHC:29184 WP No. 9521 of 2022 HC-KAR ORAL ORDER Learned counsel for petitioners has filed a memo dated 16.06.2026, which reads as under: "The Counsel for the petitioners most respectfully submit as follows: 1. During the pendency of this petition, the petitioner No.1 and the Respondent No.3 (Bandhan Bank) have entered into a One Time Settlement ('OTS') - the terms of which have been fully complied with and all of the petitioners' loan accounts with the Respondent No.3 now stand closed. 2. In view thereof, this petition is now rendered infructuous and the petitioners seek leave to withdraw the same, in the interests of justice." 2. Memo is taken on record. 3. Writ Petition is dismissed as having become infructuous. SD/- (M.G.S. KAMAL) JUDGE NBM List No.: 1 Sl No.: 6