WP No. 16355 of 2025 HC-KAR IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23^RD DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 13230 OF 2025 (GM-RES)

C/W WRIT PETITION NO. 12691 OF 2025 (GM-RES) WRIT PETITION NO. 16355 OF 2025 (GM-RES)

IN WP No. 13230/2025 BETWEEN:

NORTHROOF VENTURES PRIVATE LIMITED FORMERLY KNOWN AS NITESH HOUSING DEVELOPERS PVT. LTD.

A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956.

Digitally signed by HAVING ITS REGISTERED OFFICE AT VANAMALA NO. 1/B, FIRST FLOOR, N NO.41, CASTLE STREET, Location:

HIGH OPPOSITE SACRED HEART CHURCH, COURT OF RICHMOND ROAD, ASHOK NAGAR KARNATAKA RICHMOND TOWN, BANGALORE-560 025 REPRESENTED BY ITS AUTHORIZED SIGNATORY SRI. K.B. SWAMY …PETITIONER (BY SMT. SUMANA NAGANAND.,ADVOCATE)

WP No. 16355 of 2025 HC-KAR AND:

1. RESERVE BANK OF INDIA

4TH FLOOR, RBI BYCULLA OFFICE BUILDING, OPP. MUMBAI CENTRAL RAILWAY STATION, BYCULLA, MUMBAI-400008 REPRESENTED BY ITS GOVERNOR.

2. RESERVE BANK OF INDIA, HAVING ITS REGIONAL OFFICE AT

10/3/8, NRUPUTHUNGA ROAD, P.B 5467, BENGALURU-560001 REPRESENTED BY ITS GENERAL MANAGER.

3. M/S. YES BANK LTD., A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT YES BANK HOUSE, OFF WESTERN EXPRESS HIGHWAY SANATACRUZ EAST, MUMBAI -400055 REPRESENTED BY ITS CHIEF VIGILANCE OFFICER, SRI. BINU SOMAN.

4. J.C FLOWERS ASSET RECONSTRUCTION PVT. LTD., COMPANY REGISTERED UNDER COMPANIES ACT, 1956

12^TH FLOOR, CROMPTON GREAVES HOUSE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400030 WP No. 16355 of 2025 HC-KAR REPRESENTED BY ITS MANAGING DIRECTOR.

…RESPONDENTS (BY SRI. MANIK B T., ADVOCATE FOR R1 AND R2;

SRI. PINAZ MEHTA., ADVOCATE FOR R4)

THIS WP IS FILED UNDER ARTICLES 226 AND

227 OF THE CONSTITUTION OF INDIA PRAYING TO A. QUASHING THE SHOW CAUSE NOTICE DATED 27.03.2025 BEARING NO. NHDPL/VIG/24-25/NHDPL- 001 ISSUED BY RESPONDENT NO. 3 TO THE PETITIONER (ANNEXURE Q); B. DECLARING THE ACTIONS OF RESPONDENT NO. 3 IN SEEKING TO PROCEED DE NOVO AGAINST THE PETITIONER AS ILLEGAL AND WHOLLY WITHOUT JURISDICTION.

IN WP NO. 12691/2025 BETWEEN:

NITESH RESIDENCY HOTELS PRIVATE LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT LEVEL 4, B WING, THE RITZ CARLTON HOTEL, 99 RESIDENCY ROAD, BENGALURU-560025 REPRESENTED HEREIN BY ITS AUTHORIZED SIGNATORY, SRI. K.B. SWAMY ...PETITIONER (BY SMT. SUMANA NAGANAND.,ADVOCATE)

WP No. 16355 of 2025 HC-KAR AND:

1. RESERVE BANK OF INDIA

4TH FLOOR, RBI BY CULLA OFFICE BUILDING, OPP. MUMBAI CENTRAL RAILWAY STATION, BYCULLA, MUMBAI-400008 REPRESENTED BY ITS GOVERNOR.

2. RESERVE BANK OF INDIA, HAVING ITS REGIONAL OFFICE AT

10/3/8, NRUPUTHUNGA ROAD, P.B 5467, BENGALURU-560001 REPRESENTED BY ITS GENERAL MANAGER.

3. M/S. YES BANK LTD., A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT YES BANK HOUSE, OFF WESTERN EXPRESS HIGHWAY SANATACRUZ EAST, MUMBAI-400055 REPRESENTED BY ITS CHIEF VIGILANCE OFFICER, SRI. BINU SOMAN.

4. M/S. J.C FLOWERS ASSET RECONSTRUCTION PVT. LTD., A COMPANY REGISTERED UNDER THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT 12TH FLOOR, CROMPTON GREAVES HOUSE, WP No. 16355 of 2025 HC-KAR DR. ANNIE BESANT ROAD, WORLI, MUMBAI-400030 REPRESENTED BY ITS MANAGING DIRECTOR ...RESPONDENTS (BY SRI. MANIK B T.,ADVOCATE FOR R1 AND R2;

SRI. PINAZ MEHTA., ADVOCATE FOR R4)

THIS WP IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO QUASHING THE SHOW CAUSE NOTICE DATED 27.03.2025 BEARING NO. NRHPL/VIG 2024-25 (NRHPC-001) ISSUED BY RESPONDENT NO.3 TO THE PETITIONER (ANNEXRUE- R); DECLARING THE ACTIONS OF RESPONDENT NO-3 IN SEEKING TO PROCEED DE NOVO AGAINST THE PETITIONER AS ILLEGAL AND WHOLLY WITHOUT JURISDICTION.

IN WP NO. 16355/2025 BETWEEN:

MARATHALLI VENTURES PRIVATE LIMITED FORMERLY KNOWN AS NITESH URBAN DEVELOPMENT PVT. LTD.

A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956, HAVING ITS REGISTERED OFFICE AT NO 15/45, LEVEL 1A, 4^TH CROSS, CAMBRIDGE ROAD, HALASURU,