- 1 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR. JUSTICE HANCHATE SANJEEVKUMAR MISCELLANEOUS FIRST APPEAL NO.1502/2025 (CPC) BETWEEN: 1. RAVI SANKAR DEVARAKONDA RESOLUTION PROFESSIONAL TARUN REALTORS PRIVATE LIMITED REGISTRATION NUMBER- IBBI/1PA-001/IP- P00095/2017-2018/10195 AGED ABOUT 66 YERAS 41/1, 2ND FLOOR, 11TH CROSS 8TH MAIN JAYANAGAR 2ND BLOCK BANGALORE, KARNATAKA 560011. 2. TARUN REALTORS PRIVATE LIMITED REP. BY ITS RESOLUTION PROFESSIONAL MR. RAVI SANKAR DEVARAKONDA NO. 41, VITTAL MALLYA ROAD BANGALORE-560001. …APPELLANTS (BY SRI. SHARAN A. KUKREJA, ADV., FOR SRI. LOMESH KIRAN N, ADV.,) AND: 1. RAMESH S/O MUNISWAMAPPA AGED ABOUT 65 YEARS R/O HOUSE NO.12 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI Digitally signed by RAMYA D Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 BANGALORE SOUTH TALUK KARNATAKA-560062. 2. REKHA D/O MUNISWAMAPPA AGED ABOUT 62 YEARS R/O HOUSE NO.13. SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 3. SURESH S/O NARAYANAPPA AGED ABOUT 70 YEARS R/O HOUSE NO.14 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 4. LAKSHMINARAYANA RANGASWAMY S/O RANGASWAMY AGED ABOUT 70 YEARS R/O. HOUSE NO.14 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 5. LAKSHMI D/O NARAYANAPPA AGED ABOUT 68 YEARS R/O. HOUSE NO.15 SY NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. - 3 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 6. SHIVAKUMAR S/O A. MARAPPA AGED ABOUT 60 YEARS R/O HOUSE NO.16, SY NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHATH HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 7. RADHA D/O A. MARAPPA AGED ABOUT 63 YEARS R/O HOUSE NO.17. SY NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 8. NITHIN S/O B.S. RAJENDRAPPA AGED ABOUT 64 YEARS R/O. HOUSE NO.18 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 9. GEETHA D/O. B.S. RAJENDRAPPA AGED ABOUT 62 YEARS R/O. HOUSE NO.19 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 10. RAJESH S/O B.S. VIJAYA MURTHY - 4 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 AGED ABOUT 67 YEARS R/O. HOUSE NO.20 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 11. SHILPA D/O B.S. VIJAYA MURTHY AGED ABOUT 62 YEARS R/O. HOUSE NO.21 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 12. DEEPAK S/O B.S. KRISHNA MURTHY AGED ABOUT 65 YEARS R/O. HOUSE NO.22 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 13. SNEHA D/O B.S. KRISHNA MURTHY AGED ABOUT 63 YEARS R/O. HOUSE NO.23 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK, KARNATAKA-560062. 14. VENKATESH S/O LATE SUBBAIAH AGED ABOUT 69 YEARS - 5 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 R/O. HOUSE NO.24 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 15. PUSHPA D/O LATE SUBBAIAH AGED ABOUT 66 YEARS R/O. HOUSE NO.25 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 16. MANJUNATH S/O K.V. VARADAHARAJU AGED ABOUT 64 YEARS R/O. HOUSE NO.26 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 17. ANITA D/O K.V. VARADAHARAJU AGED ABOUT 62 YEARS R/O. HOUSE NO.27 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 18. RAGHUNANDAN S/O K.V. ARAVAMUDHAN AGED ABOUT 63 YEARS R/O. HOUSE NO.28, - 6 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 19. SOWMYA D/O K.V. ARAVAMUDHAN AGED ABOUT 61 YEARS R/O. HOUSE NO.29 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 20. VISHWANATH S/O CHANNAMMA W/O KADAIAH AGED ABOUT 65 YEARS R/O. HOUSE NO.30 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 21. KAMALA AGED ABOUT 63 YEARS D/O CHANNAMMA W/O KADAIAH R/O. HOUSE NO.31 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 22. HARISH S/O B.N. SADASHIVA RAO AGED ABOUT 66 YEARS - 7 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 R/O. HOUSE NO.32 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 23. PRATIBHA D/O B.N. SADASHIVA RAO AGED ABOUT 63 YEARS R/O. HOUSE NO.33 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 24. SRINIVAS S/O N.K. KRISHNAIAH SETTY AGED ABOUT 65 YEARS R/O. HOUSE NO.34 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 25. MADHURI D/O N.K. KRISHNAIAH SETTY AGED ABOUT 62 YEARS R/O. HOUSE NO.35 SY. NO.56(P) AND 57(P) DODDAKALLASANDRA VILLAGE UTTARAHALLI HOBLI BANGALORE SOUTH TALUK KARNATAKA-560062. 26. CASTLES VISTA PRIVATE LIMITED C-5, RICH HOMES, NO.5/1, RICHMOND ROAD, BANGALORE - 560025 REP BY ITS DIRECTOR. - 8 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 27. VIRTUOUS RETAIL PTE LTD. NO.16-03 TOWER 2 MARINA BAY FINANCIAL CENTRE 10 MARINA BOULEVARD SINGAPORE-018983 REP BY ITS DIRECTOR. 28. MANTRI DEVELOPERS PRIVATE LIMITED C-5, RICH HOMES, NO.5/1, RICHMOND ROAD BANGALORE - 560025 REP BY ITS DIRECTOR. 29. ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED 10TH FLOOR, 29, SENAPATI BAPAT MARG. DADAR (WEST), MUMBAI - 400028 REP BY ITS DIRECTOR. 30. ASSETS CARE AND RECONSTRUCTION ENTERPRISE (ACRE) LTD. 6TH FLOOR, IFCI TOWER 61 NEHRU PLACE, NEW DELHI-110019 REP BY ITS DIRECTOR. 31. THE KARUR VYSYA BANK LIMITED REGISTERED AND CENTRAL OFFICE NO.20, ERODE ROAD, VADIVEL NAGAR L.N.S. KARUR - 639002 CORPORATE BUSINESS UNIT 3RD FLOOR. NO.6. SAJJAN RAO CIRCLE VISWESHWARAPURA, BASAVANAGUDI BANGALORE 560004 REP BY ITS MANAGER. 32. PHOENIX ARC PRIVATE LIMITED 3RD FLOOR, WALLACE TOWERS (EARLIER KNOWN AS SHIV BUILDING) 139/140/B/1, CROSSING OF SAHAR ROAD AND WESTERN EXPRESS HIGHWAY VILE PARLE EAST - 9 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 MUMBAI, MAHARASHTRA - 400057 INDIA REP BY ITS DIRECTOR. 33. ACE ENVIRO TECH PRIVATE LIMITED BASAVA SADANA, NO. 117 3RD FLOOR COLES ROAD FRASER TOWN BANGALORE-560005 REP BY ITS DIRECTOR. 34. VENKATA SUBBARAO KALVA INTERIM RESOLUTION PROFESSIONAL OF TARUN REALTORS PRIVATE LIMITED IBBI REGISTRATION NO.IBBI/IPA-002/IP- N00179/2017-2018/10655 AFA CERTIFICATE NO. AA2/10655/02/311225/203485 VALID THRU 31.12.2025 ADDRESS. NO.41/1, 2ND FLOOR 11TH CROSS, 8TH MAIN, 2ND BLOCK JAYANAGAR, BENGALURU 560011. 35. THE KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD NRUPATHUNGA ROAD BENGALURU-560 001. …RESPONDENTS (BY SRI. ANKUR TRIPATHI, ADV., FOR R1 TO R13 AND ALSO FOR R14 TO R25 V/O/DTD:17.3.2025 NOTICE TO R26 TO R35 IS D/W SRI. MAITREYI B. KANNUR, ADV., FOR R30) THIS MFA IS FILED UNDER ORDER 43 RULE 1(r) OF CPC, PRAYING TO SET ASIDE THE ORDER DATED 05.2.2025 PASSED ON I.A. NO.2 AND 3 IN O.S.NO.925/2025 ON THE FILE OF THE IX ADDITIONAL CITY CIVIL AND SESSIONS JUDGE (CCH NO. 5), BENGALURU. - 10 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 THIS APPEAL, COMING ON FOR ADMISSION, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE HANCHATE SANJEEVKUMAR ORAL JUDGMENT This appeal is filed questioning the ex parte order of temporary injunction dated 05.02.2025 passed on I.A.Nos.1 to 3 in O.S.No.924/2025. 2. Before passing the ex parte order on temporary injunction, the Trial Court has assigned some reasons for dispensing notice. Accordingly, learned counsel for the appellants submits that those are not the reasons to assign and also the suit is barred by the provisions of the Insolvency and Bankruptcy Code, 2016. The appellants have the remedy as under Order 39 Rule 4 of the Code of Civil Procedure, 1908, for vacating the exparte order of temporary injunction. 3. Though it is the contention of the appellants that the suit is barred by law but the appellants are liable to move an application in this regard under Order VII Rule 11 of the CPC. - 11 - NC: 2025:KHC:12727 MFA No. 1502 of 2025 4. Therefore, the appeal is disposed of with liberty to file an application to vacate the ex parte order of temporary injunction. All the contentions are left open. Pending interlocutory applications, if any, are accordingly disposed of. SD/- (HANCHATE SANJEEVKUMAR) JUDGE RV List No.: 1 Sl No.: 14