IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 23RD DAY OF APRIL, 2019 BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE S. G. PANDIT WRIT PETITION NOS.14852-14853 OF 2011 (GM-DRT) BETWEEN:
1. SRI. R. SRINIVASAN SON OF LATE RAJAGOPAL, AGED ABOUT 47 YEARS, RESIDING AT NO.556, 7TH ‘A’ MAIN ROAD, H.I.G. COLONY, R.M.V., 2ND STAGE, BENGALURU-560 094.
2. SMT. S. RANI WIFE OF SRI R. SRINIVASAN, AGED ABOUT 44 YEARS, RESIDING AT NO.556, 7TH ‘A’ MAIN ROAD, H.I.G. COLONY, R.M.V., 2ND STAGE, BENGALURU-560 094.
... PETITIONERS (BY SRI S. SHESHADRI, ADVOCATE FOR SRI NAGENDRA KUMAR, ADVOCATE) AND:
INDIAN BANK NO.13/530, UMA COMPLEX, R.M.V. 2ND STAGE EXTENSION BRANCH, NEW B.H.E.L. ROAD, BENGALURU-560 094, REPRESENTED BY ITS BRANCH MANAGER.
(BY SRI A. KESHAVA BHAT, ADVOCATE) ... RESPONDENT THESE WRIT PETITIONS ARE FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED ORDER DATED 08.12.2010 IN R.A.NO.105 OF 2010 ON THE FILE OF DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI, AS PER ANNEXURE-F AND ETC.
***** THESE WRIT PETITIONS COMING ON FOR FINAL HEARING THIS DAY, RAVI MALIMATH J., MADE THE FOLLOWING:
ORDER The report has been sent by the Bengaluru Mediation Centre enclosing a memorandum of settlement under section 89 of CPC read with Rule 24 & 25 of the Karnataka Civil Procedure (Mediation) Rules, 2005.
2. The parties have arrived at a settlement on various terms and conditions. They were present before the Mediation Centre when the settlement was effected. It is also narrated therein that in terms of the order of this Court, the respondent Bank has deposited a sum of Rs.7,00,000/- before the Registry of this Court. The said amount has been earning the prevailing interest. One of the terms of the settlement is that the said amount of Rs.7,00,000/- with interest shall be paid to the respondent bank. Therefore, the amount in-deposit with this Court in a sum of Rs.7,00,000/- along with interest be returned to the respondent Bank.
The settlement is accepted.
The Writ Petitions are disposed off in terms of the memorandum of settlement.
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JUDGE JUDGE rsk/-