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2025 DAILYLAW 30331 (KAR)

M/S RAYEN STEELS PVT LTD., v. M/S XINDIA STEELS LIMITED

CRL.P/6655/2019 · 2025-06-26

J M Khazi

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Judgment text

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- 1 - HC-KAR NC: 2025:KHC:22521 CRL.P No. 6655 of 2019 C/W CRL.P No. 6654 of 2019 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26TH DAY OF JUNE, 2025 BEFORE THE HON'BLE MS JUSTICE J.M.KHAZI CRIMINAL PETITION NO. 6655 OF 2019 C/W CRIMINAL PETITION NO. 6654 OF 2019 IN CRL.P No. 6655/2019 BETWEEN: 1. M/S RAYEN STEELS PVT. LTD., REPRESENTED BY MANAGING DIRECTOR SRI. GATTU RAMU, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 2. MR. GATTU RAMU MANAGING DIRECTOR, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 3. MR. SHESHANKOTI PRAKASH , DIRECTOR, HAVING ITS REGISTERED OFFICE Digitally signed by REKHA R Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:22521 CRL.P No. 6655 of 2019 C/W CRL.P No. 6654 of 2019 AT SY NO. 1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 4. MR. ACCHANALA MANOHAR, DIRECTOR, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. …PETITIONERS (BY SRI. M/S RAYEN STEELS PVT. LTD. AND OTHERS (ABSENT)) AND: M/S. XINDIA STEELS LIMITED, "THE ESTATE", 10TH FLOOR, 121, DICKENSON ROAD, BANGALORE - 560 042, REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR. SWAMINATHAN (GM -ADMIN & SALES). …RESPONDENT (BY SRI. ROHIT MAMMEN ALEX, ADVOCATE AND SRI. ANJAN DEV N, ADVOCATE) THIS CRL.P IS FILED U/S.482 OF CR.P.C PRAYING TO QUASH THE ENTIRE CRIMINAL PROCEEDINGS INITIATED AGAINST THE PETITIONERS IN C.C.NO.55993/2018 FILED BY THE 1st RESPONDENT FOR THE OFFENCE P/U/S.138 OF N.I.ACT ON THE FILE OF THE LVII CHIEF METROPOLITAN MAGISTRATE MAYO HALL BENGALURU. - 3 - HC-KAR NC: 2025:KHC:22521 CRL.P No. 6655 of 2019 C/W CRL.P No. 6654 of 2019 IN CRL.P NO. 6654/2019 BETWEEN: 1. M/S RAYEN STEELS PVT. LTD., REPRESENTED BY MANAGING DIRECTOR SRI. GATTU RAMU, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 2. MR. GATTU RAMU MANAGING DIRECTOR, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 3. MR. SHESHANKOTI PRAKASH , DIRECTOR, HAVING ITS REGISTERED OFFICE AT SY NO. 1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. 4. MR. ACCHANALA MANOHAR, DIRECTOR, HAVING ITS REGISTERED OFFICE AT SY NO.1115D, 1115E, HARAGINADONI ROAD, VENI VEERAPUR CROSS, BELLARY - 583 104. ...PETITIONERS (BY SRI. M/S RAYEN STEELS PVT. LTD. AND OTHERS (ABSENT)) - 4 - HC-KAR NC: 2025:KHC:22521 CRL.P No. 6655 of 2019 C/W CRL.P No. 6654 of 2019 AND: M/S. XINDIA STEELS LIMITED, "THE ESTATE", 10TH FLOOR, 121, DICKENSON ROAD, BANGALORE - 560 042, REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR. SWAMINATHAN (GM -ADMIN & SALES). ...RESPONDENT (BY SRI. ROHIT MAMMEN ALEX, ADVOCATE) THIS CRL.P IS FILED U/S.482 OF CR.P.C PRAYING TO QUASH THE ENTIRE CRIMINAL PROCEEDINGS INITIATED AGAINST THE PETITIONERS IN C.C.NO.55994/2018 FILED BY THE 1ST RESPONDENT FOR THE OFFENCES P/U/S 138 OF N.I. ACT ON THE FILE OF LVII ADDL.C.M.M., MAYO HALL, BENGALURU. THESE PETITIONS, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MS JUSTICE J.M.KHAZI ORAL ORDER Learned counsel for the respondent is present physically. 2. Sri.Ramana M.V.V, learned counsel for the petitioners is present through video conference and submits that already he has retired from the case and the - 5 - HC-KAR NC: 2025:KHC:22521 CRL.P No. 6655 of 2019 C/W CRL.P No. 6654 of 2019 parties have taken the papers from him. As per the order dated 30.07.2024, he is permitted to retire from the case. 3. It appears that the petitioners are not interested in prosecuting the petitions. Hence, petitions are dismissed for non-prosecution. 4. In view of the disposal of the petitions, pending application/s, if any, stands disposed off, as no separate order is required. Sd/- (J.M.KHAZI) JUDGE KBM List No.: 1 Sl No.: 21 CT: BHK