- 1 - HC-KAR NC: 2025:KHC:38695-DB COMAP No. 262 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF SEPTEMBER, 2025 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE RAJESH RAI K COMMERCIAL APPEAL NO. 262 OF 2023 BETWEEN: 1. MR. R. VARADHARAJAN S/O MR. P RAGHAVAN, AGED 62 YEARS, 2. SMT. VIJAYALAXMI VARADHARAJAN W/O MR.R. VARADHARAJAN, AGED 53 YEARS, (BOTH ARE EX-DIRECTORS OF CARE BIO SYSTEMS INDIA PVT LTD, WHICH SHALL BE TERMED AS (CBSIPL) R/O # NO.245, 4TH CROSS, GARDEN VILLAS, NAGARBHAVI, BANGALORE-560 072. …APPELLANTS (BY SRI. RAJATH, ADVOCATE SRI. AARON THOMAS AND SRI. BALARAJ, ADOVOCATES) AND: 1. M/S. CARE BIO-SYSTEMS INDIA PVT. LTD., REPRESENTED BY ITS DIRECTORS, MR. RAVINDRA H CHAVAN AND Digitally signed by PANKAJA S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:38695-DB COMAP No. 262 of 2023 SMT. RIMA RAVINDRA CHAVAN, MR. RAGHURAY Y PRABHU AND ANUPRITA RAGHURAY PRABHU, DIRECTORS 2. MR. RAVINDRA H CHAVAN DIRECTOR OF RESPONDENT NO.1 COMPANY, 3. SMT. RIMA RAVINDRA CHAVAN W/O RESPONDENT NO.2 AND DIRECTOR OF RESPONDENT NO.1 COMPANY, 4. MR RAGHURAY Y PRABHU DIRECTOR OF RESPONDENT NO.1 COMPANY, 5. ANUPRITA RAGHURAY PRABHU W/O RESPONDENT NO.4 AND DIRECTOR OF RESPONDENT NO.1 COMPANY, ALL THE RESPONDENTS SHOULD BE SERVED AT THEIR OFFICE SITUATED AT # SWARAJ DAFFODILS, GROUND FLOOR, 8 & 8A, PLOT NO.96, SECTOR 8A, AIROLI, NAVI MUMBAI-400 708, MAHARASHTRA. …RESPONDENTS (BY SRI. DEVENDRA BABU C.A, ADVOCATE FOR R1-R5) THIS COMAP IS FILED UNDER SECTION 13(1A) OF THE COMMERCIAL COURTS ACT, 2015, PRAYING TO ALLOW THIS COMMERCIAL APPEAL AND SET ASIDE THE IMPUGNED ORDER DATED 30TH JUNE 2023 PASSED BY THE LEARNED LXXXVI ADDL. CITY CIVIL AND SESSIONS JUDGE, BENGALURU (CCH- 87) PASSED IN COM.O.S.NO.429/2021 AND FOR ANY OTHER APPROPRIATE ORDER AS TO COST TO BE PAID BY THE RESPONDENTS, IN THE ENDS OF JUSTICE. THIS APPEAL, COMING ON FOR ADMISSION, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: - 3 - HC-KAR NC: 2025:KHC:38695-DB COMAP No. 262 of 2023 CORAM: HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE MR. JUSTICE RAJESH RAI K ORAL JUDGMENT (PER: HON'BLE MRS. JUSTICE ANU SIVARAMAN) It is submitted by the learned counsel for the appellants that the matter has been referred to mediation and has been settled between the parties. 2. The memorandum of settlement is also placed on record by the parties. 3. It is submitted that respondent No.4 is authorized by the Board Resolution to represent respondents No.1, 2, 3 & 5. The said submission is accepted. Respondent No.4 is also present before the Court today. 4. Respondent No.4 has handed over to the appellants two Demand Drafts drawn on HDFC Bank, Navi Mumbai Branch, one in favour of R. Varadharajan for a sum of Rs.10,80,000/- bearing No.008103 dated 21.07.2025 and another drawn in favour of Roshtec Life Science for a sum of Rs.3,33,899/- bearing No.008104 dated 21.07.2025 . The said Demand Drafts - 4 - HC-KAR NC: 2025:KHC:38695-DB COMAP No. 262 of 2023 are handed over today before this Court to the appellants who are all present in person. 5. In the above view of the matter, the memorandum of settlement arrived at between the parties and which is duly signed by the parties is accepted and taken on record. The appeal is disposed of in terms of the settlement. Decree shall be drawn up accordingly. 6. The Court fee shall be refunded to the appellants as applicable, on proper identification. SD/- (ANU SIVARAMAN) JUDGE SD/- (RAJESH RAI K) JUDGE HKV List No.: 1 Sl No.: 7