M/S International Asset ... vs M/S Jhansirani Vinodkumar

Citation : 2024 Latest Caselaw 18773 Kant
Judgement Date : 26 July, 2024

Karnataka High Court

M/S International Asset ... vs M/S Jhansirani Vinodkumar on 26 July, 2024

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                                                    NC: 2024:KHC:29565-DB
                                                       WA No. 118 of 2024




                   IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                        DATED THIS THE 26TH DAY OF JULY, 2024

                                        PRESENT
                    THE HON'BLE MR. N. V. ANJARIA, CHIEF JUSTICE
                                            AND
                        THE HON'BLE MR. JUSTICE K V ARAVIND
                        WRIT APPEAL NO. 118 OF 2024 (GM-RES)
              BETWEEN:

              1.   M/S INTERNATIONAL ASSET RECONSTRUCTION
                   COMPANY LIMITED
                   HAVING ITS BRANCH OFFICE AT:
                   #A-601/602/605, 6TH FLOOR, 215 ATRIUM KANAKIA
                   SPACES ANDHERI KURLA ROAD,
                   ANDHERI(EAST) MUMBAI-400093
                   REPT. BY ITS SENIOR VICE PRESIDENT,
                   MR AAMOD M. DATAR
                                                             ...APPELLANT
              (BY SRI JAYANTH J.B, ADVOCATE FOR
              SRI PATIL J.M, ADVOCATE)
Digitally signed
by PRABHAKAR AND:
SWETHA
KRISHNAN
Location: High 1. M/S. JHANSIRANI VINODKUMAR
Court of          W/O LATE VINODKUMAR,
Karnataka         AGED ABOUT 43 YEARS,
                  R/A NO.59/4, 2ND BLOCK,
                  DODDABOMMASANDRA,
                  VIDYARANYAPURA,
                  BENGALURU-560072.

              2.   SRI. VIJAY KUMAR M. D
                   S/O SRI. MALLAM GOWDA,
                   AGED ABOUT 38 YEARS,
                   R/A KHB COLONY,
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                                           WA No. 118 of 2024




     KUSHTAGI ROAD,
     SINDHANURU-584128.

3.   SRI. N. G DEEPAK
     S/O LATE K N GUNDU RAO,
     AGED ABOUT 45 YEARS,
     R/AT No. 34, SRI ANANTHAKRUPA, GM COTTAGES,
     DODDABIDARAKALLU, NAGASANDRA POST,
     BENGALURU-560073.

4.   SRI DINESH NAYAK N
     S/O SRI RAMAKRISHNA NAYAK
     AGED ABOUT 51 YEARS
     R/A 60, VASTHA KUTEERA III PHASE,
     BLUEJAY KARIHOBANAHALLI
     NAGASANDRA POST
     BENGALURU-560073

5.   SRI SATISH KUMAR MITTAL
     S/O SRI CHET RAM MITTAL
     AGED ABOUT 50 YEARS
     R/A 403, 4TH FLOOR
     BINDU AMULYA ANJANA NAGAR
     MAGADI MAIN ROAD
     BENGALURU-560091

6.   SRI VEDPRAKASH MITTAL
     S/O SRI CHET RAM MITTAL
     AGED ABOUT 48 YEARS
     R/A 404, 4TH FLOOR
     BINDU AMULYA
     ANJANA NAGAR
     MAGADI MAIN ROAD
     BENGALURU-560091

7.   SRI T DIVAKARA REDDY
     S/O THIMME REDDY
     AGED ABOUT 58 YEARS
     R/A 712, 3RD MAIN ROAD
     NEAR GANESH TEMPLE
     HMT LAYOUT NAGASANDRA
     BENGALURU-560073
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                                      WA No. 118 of 2024




8.   M/S MAROTIA STEEL ENGINEERING PVT LTD
     A COMPANY INCORPORATED UNDER
     THE COMPANIES ACT,
     HAVING ITS REGISTERED OFFICE
     AT 49-A, II PHASE OPP ARAVIND MOTORS
     PEENYA INDUSTRIAL AREA
     BENGALURU-560058
     REP BY ITS DIRECTOR AND
     AUTHORISED SIGNATORY
     SAKET KUMAR BHARPILANIA

9.   SRI B S RAMEGOWDA
     S/O SONNEGOWDA
     AGED ABOUT 55 YHEARS
     R/A 9, 5TH A CROSS HANUMANTHEGOWDA ROAD
     SAPTHAGIRI LAYOUT
     NEAR SAPTAGIRI ENGINEERING COLLEGE
     CHIKKASANDRA
     BENGALURU-560057

10. SRI K N VISWANADHAN NARI
    S/O SRI K K NARAYANA NAIR
    AGED ABOUT 77 YEARS
    R/A 26/1, VENKATESHWARA NILAYA
    5TH CROSS VIDYARANYAPURA MAIN ROAD
    DODDABHOMMASANDRA
    BENGALURU-560097

11. SRI C VEERA REDDY
    S/O SRI KRISHNA REDDY
    AGED ABOUT 38 YEARS
    R/A 1001/C, IST MAIN ROAD
    NEAR-SBI BANK
    NAGASANDRA POST
    BENGALURU-560073

12. SRI SUNIL GANESH
    S/O M GANESH
    AGED ABOUT 53 YEARS
    R/A 7-35/23 UJJODI
    NEAR-SHARADA SERVICE STATION
    KANKANADI
    MANGALURU-574199
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   REP BY HIS GPA HOLDER
   SRI GURUPRASAD S P S/O SUDHAKARA PUTTUR

13. SRI CHANDRASHEKHAR J
    S/O SRI K JAYAPAL
    AGED ABOUT 41 YEARS
    R/A FLAT NO.TF2, 3RD FLOOR
    45, VENSAPALA ENCLAVE
    SHREE RAMANJANEYA NAGAR CHIKKALSANDRA
    BENGALURU-560061

14. M/S ELECTREX (INDIA) LIMITED
    21-D1, PEENYA INDUSTRIAL AREA
    2ND PHASE
    BENGALURU-560058
    REPT BY ITS MANAGING DIRECTOR
    MR MUKESH CHOKSI
                                        ...RESPONDENTS


    THIS WRIT APPEAL FILED U/S 4 OF THE KARNATAKA

HIGH COURT ACT PRAYING TO SET ASIDE THE IMPUGNED

INTERIM ORDER DATED 04.12.2023 WHICH IS EXTENDED

FROM TIME TO TIME IN WP No-26720/20223 (GM-RES)

PASSED BY THE LEARNED SINGLE JUDGE IN THE INTEREST

OF JUSTICE AND EQUITY.


    THIS WRIT APPEAL COMING ON FOR ORDERS THIS

DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
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CORAM: HON'BLE THE CHIEF JUSTICE MR. JUSTICE
       N.V. ANJARIA
       and
       HON'BLE MR. JUSTICE K.V. ARAVIND


                         ORAL JUDGMENT

(PER : HON'BLE THE CHIEF JUSTICE MR. JUSTICE N.V. ANJARIA) Learned advocate Mr. J.M. Patil for the appellant has filed memo for withdrawal dated 09.02.2024.

2. Memo reads as under, "The Appellant in the above matter had preferred this appeal challenging the granting of the interim order by the learned single judge, but before the above appeal could be heard, the learned single judge has allowed the Writ in part. Hence the above appeal become infructuous and the appellant is contemplating to challenge the final order passed by the learned single judge as such the appellant be permitted to withdraw the above appeal in the interest of justice and equity."

3. In view of what is stated in the memo, the appeal does not survive and it is disposed of accordingly as withdrawn.

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NC: 2024:KHC:29565-DB WA No. 118 of 2024 In view of disposal of the appeal, the interlocutory applications would not survive and they stand accordingly disposed of.

Sd/-

(N. V. ANJARIA) CHIEF JUSTICE Sd/-

(K V ARAVIND) JUDGE KPS List No.: 1 Sl No.: 50