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Atria Brindavan Power Private Limited vs Piramal Capital And Housing Finance Ltd
2025 Latest Caselaw 9212 Kant

Citation : 2025 Latest Caselaw 9212 Kant
Judgement Date : 15 October, 2025

Karnataka High Court

Atria Brindavan Power Private Limited vs Piramal Capital And Housing Finance Ltd on 15 October, 2025

                                                  -1-
                                                           NC: 2025:KHC:41154-DB
                                                          COMAP No. 148 of 2025


                       HC-KAR



                           IN THE HIGH COURT OF KARNATAKA AT BENGALURU
                                DATED THIS THE 15TH DAY OF OCTOBER, 2025
                                               PRESENT
                            THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE
                                                  AND
                                THE HON'BLE MR. JUSTICE C.M. POONACHA
                                   COMMERCIAL APPEAL NO.148 OF 2025

                      BETWEEN:

                      1.   ATRIA BRINDAVAN POWER PRIVATE LIMITED
                           A COMPANY INCORPORATED UNDER THE
                           INDIAN COMPANIES ACT, 1956
                           HAVING OFFICE AT NO.11,
                           1ST FLOOR, COMMISSARIAT ROAD,
                           BANGALORE - 560 025
                           REPRESENTED BY ITS
                           AUTHORISED REPRESENTATIVE
                           MR. CHINNASWAMY SUNDER RAJU.

                      2.   MR. CHINNASWAMY SUNDER RAJU
                           S/O LATE SRI A.S CHINNASWAMY RAJU
                           AGED ABOUT 66 YEARS
Digitally signed by
                           R/AT NO.294,
NANJUNDACHARI              UPPER PALACE ORCHARDS
Location: HIGH             BANGALORE -560 080.
COURT OF
KARNATAKA
                      3.   MR. K NAGARAJU
                           S/O LATE SRI KUPPARAJU
                           AGED ABOUT 64 YEARS
                           R/AT NO.158, 2ND MAIN,
                           1ST BLOCK DOLLARS COLONY
                           RMV 2ND STAGE,
                           ASHWATH NAGAR,
                           BANGALORE - 560 094.

                      4.   RAJU FAMILY TRUST
                           A TRUST REGISTERED UNDER THE
                           INDIAN TRUSTS ACT
                             -2-
                                         NC: 2025:KHC:41154-DB
                                     COMAP No. 148 of 2025


 HC-KAR



     HAVING ITS OFFICE AT NO.1,
     PALACE ROAD,
     BANGALORE-560 001
     REPRESENTED BY ITS TRUSTEE
     MR. CHINNASWAMY SUNDER RAJU.
                                                ...APPELLANTS
(BY SRI. C.K. NANDAKUMAR, SR. ADV. A/W
 MS. ASHWINI PATIL, ADV. AND
 SRI AJAY J NANDALIKE, ADV.)

AND:

1.   PIRAMAL CAPITAL AND HOUSING FINANCE LTD.,
     A COMPANY INCORPORATED UNDER THE
     INDIAN COMPANIES ACT, 1956
     HAVING ITS REGISTERED OFFICE AT
     NO. 601, 6TH FLOOR,
     AMITI BUILDING,
     AGASTYA CORPORATE PARK
     KAMANI JUNCTION,
     KURLA WEST,
     MUMBAI -400 070
     REP. BY ITS AUTHORISED REPRESENTATIVE

2.   BABOON INVESTMENTS HOLDING B.V
     OUDE LINDESTAT 70,
     HEERLEN 6411, EJ, NETHERLANDS.

3.   OMKARA ASSET RECONSTRUCTION PVT. LTD.,
     ACTING AS TRUSTEE OF OMKARA
     PS28/2023-24 TRUST, C-515,
     KANAKIA ZILLION,
     JUNCTION OF LBS ROAD AND,
     CST ROAD, KURLA WEST
     MUMBAI -400 070
     REPRESENTED BY ITS DIRECTORS.

4.   AXIS TRUSTEE SERVICES LTD.,
     AXIS HOUSE, BOMBAY DYING
     MILLS COMPOUND,
     PANDURANG BUDHKAR MARG,
     WORLI, MUMBAI -400 025.
                                              ...RESPONDENTS
(BY SRI. UDAYA HOLLA, SR. ADV. A/W
                               -3-
                                        NC: 2025:KHC:41154-DB
                                       COMAP No. 148 of 2025


 HC-KAR



SRI AVINASH BALAKRISHNA, ADV. FOR R1
SRI TAMARRA SEQUEIRA, ADV. FOR R2
SRI SRINIVASAN, V. RAGHAVAN, SR. ADV. A/W
SRI VINAY KUTTAPPA, ADV.F OR R3
SRI T SURYANARAYANA, SR. ADV. FOR
SRI SHARAN B TADAHAL, ADV. FOR C/R-4)

      THIS APPEAL IS FILED UNDER SECTION 13(1)(A) OF
COMMERCIAL COURT ACT 2015, PRAYING TO SET ASIDE THE
IMPUGNED ORDER       DATED 25.02.2025 PASSED BY THE LXXXII
ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, BANGALORE, IN
THE INTERIM APPLICATION NO.11/25 AND CONSEQUENTLY
ALLOW THE INTERIM APPLICATION 11/25 FILED IN COM.OS NO.
298/2024; B. SET ASIDE THE IMPUGNED ORDER DATED 25.02.2025
PASSED BY THE LXXXII ADDITIONAL CITY CIVIL AND SESSIONS
JUDGE, BANGALORE, IN THE INTERIM APPLICATION NO.12/25 AND
CONSEQUENTLY ALLOW THE INTERIM APPLICATION 12/25 FILED
IN COM.OS NO. 298/2024 AND ETC.

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

CORAM:    HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE
          AND
          HON'BLE MR. JUSTICE C.M. POONACHA

                      ORAL JUDGMENT

(PER: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE)

1. Learned senior counsel Mr.C.K.Nandakumar appearing for

the appellants seeks to withdraw the appeal In view of the order

passed by this Court in COMAP.No.209/2024.

NC: 2025:KHC:41154-DB

HC-KAR

2. The appeal is dismissed as withdrawn.

3. All rights and contentions of the parties are reserved.

Sd/-

(VIBHU BAKHRU) CHIEF JUSTICE

Sd/-

(C.M. POONACHA) JUDGE

NC CT:bms

 
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