Saturday, 09, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

M/S International Asset ... vs M/S Maruthi Technologies
2024 Latest Caselaw 19800 Kant

Citation : 2024 Latest Caselaw 19800 Kant
Judgement Date : 7 August, 2024

Karnataka High Court

M/S International Asset ... vs M/S Maruthi Technologies on 7 August, 2024

                                          -1-
                                                   NC: 2024:KHC:31521-DB
                                                     WA No. 117 of 2024




                 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                      DATED THIS THE 7TH DAY OF AUGUST, 2024

                                      PRESENT
                   THE HON'BLE MR N. V. ANJARIA, CHIEF JUSTICE
                                         AND
                        THE HON'BLE MR JUSTICE K V ARAVIND
                      WRIT APPEAL NO. 117 OF 2024 (GM-RES)
               BETWEEN:

                   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 400 093
                   REP. BY ITS SENIOR VICE PRESIDENT,
                   MR. AAMOD M DATAR
                                                        ...APPELLANT
                 (BY SRI. JAYANTH B., ADVOCATE FOR
Digitally signed
by PRABHAKAR         SRI. PATIL J.M., ADVOCATE)
SWETHA
KRISHNAN         AND:
Location: High
Court of
Karnataka        1.   M/S. MARUTHI TECHNOLOGIES,
                      A PARTNERSHIP FIRM,
                      UNDER THE INDIAN PARTNERSHIP ACT,
                      HAVING ITS OFFICE AT
                      NO.292, 5th MAIN, 3rd CROSS,
                      RAJAGOPALANAGARA, PEENYA II STAGE,
                      BENGALURU 560 058,
                      REP. BY ITS PARTNER,
                      SRI. MALLAPPA @ MALLAPPA DEVAL,
                            -2-
                                   NC: 2024:KHC:31521-DB
                                     WA No. 117 of 2024




     S/O MR. DYAMANNA DEVAL,
     AGED ABOUT 42 YEARS.

2.   SRI. ABHILASH C.J.,
     S/O SRI. JAGANNATH C.Y.,
     AGED ABOUT 36 YEARS,
     R/AT NO.6, CHIKKABILATHI,
     VADDARAHALLI POST,
     SHRAVANABELAGOLA HOBLI,
     CHANNARAYAPATNA TALUK,
     HASSAN 573 116.

3.   M/S. SREEPAL GREEN FUTURES PVT. LTD.,
     A COMPANY INCORPORATED UNDER THE
     COMPANIES ACT ,
     HAVING ITS OFFICE AT
     H.O UNIT NO. 1102,
     ORIANA BUSINESS PARK,
     OPP. C.G.S.T BHAVAN, ROAD NO. 22,
     MIDC WAGLE ESTATE,
     THANE WEST 400 604,
     REP. BY ITS DIRECTOR
     SRI. JAYANT MUJUMBDAR.

4.   M/S. SUMEDHA LASER TECHONLOGY PVT.LTD.,
     A COMPANY INCORPORATE UNDER
     THE COMPANIES ACT,
     HAVING ITS OFFICE AT, I PARK ,
     FLAT NO. 3B/415/8, 1st FLOOR, KIADB
     MAIN ROAD, I STAGE, II PHASE,
     PEENYA INDUSTRIAL AREA,
     BENGALURU 560 058
     REP. BY ITS MANAGING DIRECTOR
     SRI. K. ASHOK KUMAR.
                           -3-
                                   NC: 2024:KHC:31521-DB
                                       WA No. 117 of 2024




5.   M/S. JAY MINING AND WATERWELL
     SOLUTIONS,
     A PARTNERSHIP FIRM,
     UNDER THE INDIAN PARTNERSHIP ACT,
     HAVING ITS OFFICE AT 79, 5th MAIN,
     MALAGALA, NAGARBHAVI II STAGE,
     BENGALURU 560 072
     REP. BY ITS MANAGING PARTNER
     SRI. J. CHANDRASHEKAR
     S/O SRI. K. JAYAPAL.

6.   M/S. SHANTHA N.,
     D/O SRI. NARAYANA D.,
     AGED ABOUT 55 YEARS,
     R/AT 37, 4th 'A' MAIN, 5th CROSS,
     TEACHERS COLONY, SHANKARNAGAR,
     VTC BENGLAURU NORTH, NANDINI LAYOUT,
     BENGALURU 560 096

7.   M/S. PUSHPA N
     D/O SRI. NARAYANA D
     AGED ABOUT 55 YEARS,
     R/AT 37, 4th 'A' MAIN, 5th CROSS,
     TEACHERS COLONY, SHANKARNAGAR,
     VTC BENGLAURU NORTH, NANDINI LAYOUT,
     BENGALURU 560 096

8.   SRI. VIJAY KUMAR MOHANANI,
     S/O LATE DAYAL DAS MOHANANI
     AGED ABOUT 50 YEARS,
     R/AT NO. D-1302, MANTRI GREENS,
     NO.1, SAMPIGE RAOD,
     MALLESHWARAM,
     BENGALURU 560 003
                              -4-
                                     NC: 2024:KHC:31521-DB
                                       WA No. 117 of 2024




9.   SRI. D R SRINIVAS
     S/O LATE RAMACHANDRAIAH,
     AGED ABOUT 68 YEARS

10. SMT. VASUNDHARA
    W/O SRI. D.R. SRINIVASA,
    AGED ABOUT 63 YEARS

11. SRI. MURALI S.,
    S/O SRI. D R SRINIVASA
    AGED ABOUT 36 YEARS,

     PETITIONER NO.9 TO 11 ARE
     R/AT 442, 15th MAIN, 3rd STAGE, I BLOCK,
     BASAVESHWARANAGAR,
     BENGALURU 560 079

12. SRI. SYED SHAHUL HAMEED
    S/O SRI. SYED SARDAR
    AGED ABOUT 38 YEARS,
    R/AT NO.18/24, 9th 'B' MAIN,
    BTM 1 STAGE,
    BENGALURU SOUTH,
    BENGALURU DHARMARAM COLLEGE,
    BENGALURU 560 029

13. MS. DIVYA PRIYA S V.,
    D/O SRI. R. SHANKAR VEERAPPA,
    AGED ABOUT 27 YEARS,
    R/AT 1619, LAKSHMI NILAYA,
    ABBIGERE MAIN ROAD,
    K G HALLI,
    BENGALURU 560 015
                              -5-
                                       NC: 2024:KHC:31521-DB
                                         WA No. 117 of 2024




14. M/S ELECTREX (INDIA) LIMITED,
    NO.21-D1, PEENYA INDUSTRIAL AREA,
    2nd PHASE, BENGALURU 560 058
    REPT. BY ITS MANAGING DIRECTOR
    MR. MUKESH CHOKSI
                                             ...RESPONDENTS
(BY SRI. JAYANTH B., ADVOCATE FOR
    SRI. J.M. PATIL, ADVOCATE)

     THIS WRIT APPEAL IS FILED U/S 4 OF THE KARNATAKA
HIGH COURT ACT, 1961 PRAYING TO i) ALLOW THE WRIT
APPEAL AND SET ASIDE THE IMPUGNED INTERIM ORDER
DATED 04/12/2023 WHICH IS EXTENDED FROM TIME TO TIME
IN WP NO.26996/2023 PASSED BY THE LEARNED SINGLE
JUDGE

    THIS APPEAL, COMING ON FOR ORDERS, THIS DAY,
JUDGMENT WAS DELIVERED THEREIN AS UNDER:
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)

Memo dated 09.02.2024 is on record. It is filed by the

learned Advocate for the appellant, Mr.J.M.Patil.

2. The 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

NC: 2024:KHC:31521-DB

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. As it is stated that the appeal has become infructuous

and the appellant is inclined to challenge the final order

passed by the learned Single Judge, permission is prayed

for, to withdraw the appeal. The appeal was filed against

interim order. The main petition has come to an end.

4. In that view and in view of what is stated in the memo,

the appeal is permitted to be withdrawn.

5. Accordingly, the appeal is dismissed as withdrawn.

Sd/-

(N. V. ANJARIA) CHIEF JUSTICE

Sd/-

(K V ARAVIND) JUDGE SS

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : IJJ

 

LatestLaws Partner Event : Smt. Nirmala Devi Bam Memorial International Moot Court Competition

 
 
Latestlaws Newsletter