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M/S Vaibhava Steels vs Sls Properties
2024 Latest Caselaw 5632 Kant

Citation : 2024 Latest Caselaw 5632 Kant
Judgement Date : 22 February, 2024

Karnataka High Court

M/S Vaibhava Steels vs Sls Properties on 22 February, 2024

Author: P.S. Dinesh Kumar

Bench: P.S. Dinesh Kumar

                                                -1-
                                                        NC: 2024:KHC:7555-DB
                                                      COMAP No. 249 of 2023




                        IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                           DATED THIS THE 22ND DAY OF FEBRUARY, 2024

                                            PRESENT
                        THE HON'BLE MR. P.S. DINESH KUMAR, CHIEF JUSTICE
                                                AND
                    THE HON'BLE MR. JUSTICE T.G. SHIVASHANKARE GOWDA
                              COMMERCIAL APPEAL NO. 249 OF 2023
                   BETWEEN:

                   1.    M/S VAIBHAVA STEELS,
                         PARTNERSHIP FIRM,

                         REP BY ITS PARTNERS,
                         MR. MOTILAL KATWA,
                         SMT. PRIYANKA,

                   2.    SRI MOTILAL KATWA
                         S/O MURALIDHARSA KATWA,
                         AGED ABOUT 50 YEARS,

                   3.    SMT. PRIYANKA,
                         W/O MOTILAL KATWA,
Digitally signed         AGED ABOUT 40 YEARS,
by YASHODHA N
Location: HIGH           APPELLANT NOS.1 TO 3 ARE
COURT OF                 HAVING THEIR OFFICE
KARNATAKA
                         AT NO.9-7-680/1220,
                         HOSPETE ROAD,
                         KOPPAL-583231.
                                                             ...APPELLANTS

                   (BY SRI RANGAREJI SHANKAR NARASINGASA, ADVOCATE)
                              -2-
                                           NC: 2024:KHC:7555-DB
                                         COMAP No. 249 of 2023




AND:

1.   SLS PROPERTIES.
     PARTNERSHIP FIRM,
     HAVING ITS OFFICE AT
     NO.74/1, 2 AND 3, NO.10003
     NEAR VIDYAVIKAS SCHOOL,
     PANATHUR,
     NEW KAVERAPPA LAYOUT,
     BANGALORE-560003.

     HAVING ITS HEAD OFFICE AT
     HOUSE NO.1, 6-2-705/1, 0/D,
     MALAKPET, HYDERABAD,
     TELANGANA-500036.

     REP BY ITS PARTNER
     SRI P SHEKAR REDDY.

2.   SRI CHANDRAKANTH KATWA
     S/O MOTILAL KATWA,
     AGED ABOUT 55 YEARS,

3.   SRI AKESH KIRAN KATWA
     S/O MOTILAL KATWA,
     AGED ABOUT 50 YEARS,

4.   SRI MITLALSA KATWA
     S/O MOTILAL KATWA,
     AGED ABOUT 38 YEARS,

     RESPONDENT NOS.2 TO 4 ARE
     HAVING OFFICE AT NO.9-7-680/1220,
     HOSPET ROAD, KOPPAL-583231.
                                              ...RESPONDENTS
(BY SRI N.SRINIVAS, ADVOCATE FOR
 SRI BHUVANENDRA RAJU P, ADVOCATE FOR R-1;
 R-2 TO 4 ARE SERVED)
                                -3-
                                           NC: 2024:KHC:7555-DB
                                        COMAP No. 249 of 2023




      THIS COMAP IS FILED UNDER SECTION 13(1A) OF THE
COMMERCIAL COURTS ACT, 2015 R/W SECTION 96 OF CPC,
1908, PRAYING TO CALL FOR THE RECORDS OF THE TRIAL
COURT AND SET ASIDE THE JUDGMENT AND DECREE
PASSED BY THE LXXXVIII ADDITIONAL CITY CIVIL AND
SESSIONS JUDGE (COMMERCIAL COURT) (CCH-89) AT
BANGALORE DATED 28.03.2023 IN COM.O.S.NO.472/2022 AND
DISMISS THE SUIT.

     THIS COMAP COMING ON FOR ORDERS THIS DAY,
CHIEF JUSTICE DELIVERED THE FOLLOWING:


                          JUDGMENT

This appeal is filed against the judgment and decree dated

March 28, 2023 passed by the LXXXVIII Additional City Civil and

Sessions Judge, Bengaluru (Commercial Court) in

Com.OS.No.472/2022.

2. Learned advocate for the appellants has filed memo of even

date stating that both parties have settled the dispute. Memo be

kept in record.

3. The Director of Karnataka Mediation Center has sent a report

dated February 14, 2024 annexing copy of the settlement arrived

between the parties under Section 89 of C.P.C. read with Rules 24

and 25 of the Karnataka Civil Procedure (Mediation) Rules, 2005.

NC: 2024:KHC:7555-DB

4. Learned advocates on both sides admitted that the parties

have settled the dispute.

5. Learned advocate for respondent No.1 submitted that

Demand Drafts, as promised by the appellants, have been received

by respondent No.1.

6. In the circumstance, nothing further survives and this appeal

is disposed of.

No costs.

Sd/-

CHIEF JUSTICE

Sd/-

JUDGE

KPS

 
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