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2025 DAILYLAW 71063 (KAR)

ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED v. BPK HOLDINGS PRIVATE LIMITED

WP/26924/2025 · 2025-12-05

Tara Vitasta Ganju

body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2025:KHC:51404 WP No. 26924 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MS. JUSTICE TARA VITASTA GANJU WRIT PETITION NO. 26924 OF 2025 (GM-CPC) BETWEEN: ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ACTING IN ITS CAPACITY AS TRUSTEE OF ARCIL-TRUST-2025-009) A COMPANY UNDER THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT, THE RUBY, 10TH FLOOR, 29, SENAPATI BAPAT MARG, DADAR (W), MUMBAI- 400 028 REPRESENTED BY ITS MANAGER (LEGAL) AND AUTHORIZED REPRESENTATIVE, MS. VRINDA TANNA …PETITIONER (BY SRI. TEJAS S.R., ADVOCATE) AND: 1. BPK HOLDINGS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED ADDRESS AT NO. 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU- 560 038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE, MR. KIRAN POONACHA Digitally signed by S NOORUNNISABEGUM Location: HIGH COURT OF KARNATAKA, BENGALURU - 2 - HC-KAR NC: 2025:KHC:51404 WP No. 26924 of 2025 2. CORNERSTONE PROPERTY INVESTMENTS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED ADDRESS AT NO. 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU 560 038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE, MR. KIRAN POONACHA 3. CORNERSTONE BAY CITY DEVELOPMENTS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED ADDRESS AT NO. 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU 560 038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE, MR. KIRAN POONACHA 4. L AND T FINANCE LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT BRINDAVAN, PLOT NO. 177, CST ROAD, KALINA, SANTRA CRUZ (EAST), MUMBAI - 400 098 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE, MR. FAYAZ AHAMED …RESPONDENTS *** - 3 - HC-KAR NC: 2025:KHC:51404 WP No. 26924 of 2025 THIS WRIT PETITION IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA PRAYING TO SET ASIDE THE IMPUGNED ORDER DATED 29.07.2025 PASSED BY THE LEARNED LXXXIV ADDL. CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU IN COM. OS. 1068/2025 ON I.A. NO. 1 WHICH HAS BEEN EXTENDED FROM TIME TO TIME (ANNEXURE-A). THIS WRIT PETITION, COMING ON FOR FURTHER HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MS. JUSTICE TARA VITASTA GANJU ORAL ORDER 1. Learned counsel for the petitioner has filed a memo for withdrawal of the petition, with liberty to raise all contentions before the Commercial Court. 2. Memo is placed on record. 3. The petition is dismissed as withdrawn, with liberty as prayed for. Sd/- (TARA VITASTA GANJU) JUDGE BMV* List No.: 1 Sl No.: 40