- 1 - NC: 2025:KHC:11794 WP No. 29904 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF MARCH, 2025 BEFORE THE HON'BLE MR JUSTICE M.NAGAPRASANNA WRIT PETITION NO. 29904 OF 2024 (GM-RES) BETWEEN: MR. BHAGAWANT NARAYAN NAIK S/O MR NARAYAN NAIK, AGED ABOUT 47 YEARS, RESIDING AT ATHAVAN BUNGALOW, NEAR DATTA MANDIR, UGAR KHURD, BELGAUM, UGARKHURD, KARNATAKA - 591316 EMAIL: bn.naik1@gmail.com …PETITIONER (BY SRI. ADITH S. JAHGIRDAR, DVOCATE) AND: 1. THE REGISTRAR, NATIONAL COMPANY LAW TRIBUNAL BANGALORE BENCH, REHEJA TOWERS, VITTAL MALLYA ROAD, KG HALLI, ASHOK NAGAR, BANGALORE - 560001. (PRO-FORMA PARTY) Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - NC: 2025:KHC:11794 WP No. 29904 of 2024 2. RITESH R. MAHAJAN RESOLUTION PROFESSIONAL OF SOVEREIGN INDUSTRIES LIMTED, IBBI/IPA-002/IP-N00048/2017-18/10132 HAVING ITS OFFICE AT, B-203, DEVGIRI, GANESHMALA, SINHAGAD ROAD, PUNE, MAHARASHTRA - 411030 EMAIL: irprp@sovereignil.in …RESPONDENTS (BY SRI. THEERTHESH B.S., ADV. FOR R2; R1 - SERVED BUT UNREPRESENTED) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO SET ASIDE AND CONSEQUENTIALLY QUASH THE RELEVANT PORTION OF THE IMPUGNED ORDER DTD. 22.10.2024 (ANNX-A) THAT IS 3(vii) AND ISSUES FRAMED QUA POSSESSION / OCCUPATION OF SCHEDULE PROPERTY 3(i), PASSED BY THE HONBLE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH - BENGALURU IN I.A.NO. 167/2024 AND I.A.NO. 417/2024 IN C.P.(IB) NO. 197/BB/2022. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - NC: 2025:KHC:11794 WP No. 29904 of 2024 CORAM: HON'BLE MR JUSTICE M.NAGAPRASANNA ORAL ORDER The petitioner files a memo seeking to withdraw the petition. Paragraph Nos.1 to 4 of the memo are narration as to what has happened in the case at hand. What is germane is only the last paragraph. It reads as follows: “WHEREFORE, it is most humbly prayed that this Hon'ble Court be pleased to take this memo on record and dismiss the instant Petition as withdrawn in the terms of the Order of the Hon'ble Supreme Court dated 16.01.2025 in Civil Appeal Nos.310 and 311 of 2025 in the interest of justice and equity” 2. The petitioner seeks to withdraw the petition in terms of the order passed by the Apex Court on 16.01.2025. 3. Therefore, the petition is disposed as withdrawn only in terms of the order passed by the Apex Court on 16.01.2025 and nothing else. Sd/- (M.NAGAPRASANNA) JUDGE KG List No.: 2 Sl No.: 14