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2025 DAILYLAW 19046 (KAR)

OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED v. THE OFFICIAL LIQUIDATOR OF

CA/18/2025 · 2025-03-07

M G S Kamal

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - NC: 2025:KHC:10920 CA No. 18 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 7TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.G.S. KAMAL COMPANY APPLICATION NO. 18 OF 2025 BETWEEN: OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED (A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, REGISTERED AS A SECURITIZATION AND ASSETS RECONSTRUCTION COMPANY, PURSUANT TO SECTION 3 OF SARFAESI ACT, KOHINOOR SQUARE, 47TH FLOOR N.C.KELKAR MARG, R.G. GADKARI CHOWK DADAR (WEST), MUMBAI - 400 028. REP. BY RITESH SAWANT CHIEF MANAGER. …APPLICANT (BY SRI. T P MUTHANNA.,ADVOCATE) AND: THE OFFICIAL LIQUIDATOR OF: M/S. BPL ENGINEERING LIMITED (IN LIQUIDATION) ATTACHED TO HIGH COURT OF KARNATAKA "CORPORATE BHAVAN", NO.26-27 12TH FLOOR, RAHEJA TOWERS M.G. ROAD, BENGALURU - 560 001. …RESPONDENT Digitally signed by ROOPA R U Location: HIGH COURT OF KARNATAKA - 2 - NC: 2025:KHC:10920 CA No. 18 of 2025 (BY SRI. K.S. MAHADEVAN.,ADVOCATE) THIS COMPANY APPLICATION IS FILED UNDER SECTION 151 OF CIVIL PROCEDURE CODE R/W SECTION 6 R/W SECTION 9 OF THE COMPANY (COURT) RULES 1959, PRAYING THIS HON'BLE COURT TO PERMIT REDUCTION OF RESERVED MINIMUM PRICE FIXED FOR SALE OF THE SECURED ASSETS BY 10 PERCENT I.E., RS.183.38 CR TO RS.165.05 CR AND ETC. THIS COMPANY APPLICATION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE M.G.S. KAMAL ORAL ORDER Sri. T. P Muthanna, learned counsel appearing for the applicant after arguing the matter for sometime seeks permission to withdraw the same with the liberty to file better application. Application is disposed of as withdrawn. Sd/- (M.G.S. KAMAL) JUDGE RL