- 1 - HC-KAR NC: 2025:KHC:40478 CMP No. 248 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10TH DAY OF OCTOBER, 2025 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ CIVIL MISC. PETITION NO. 248 OF 2022 BETWEEN: 1. ALPHAICS CORPORATION, HAVING ITS REGISTERED OFFICE AT: #2711, CENTRE WILL ROAD, SUITE 400, NEW CASTLE COMPANY, WILLINGTON, NEW CASTLE COUNTRY, DELAWARE-19808 USA. 2. ALPHAICS INDIA PRIVATE LIMITED, A COMPANY REGISTERED UNDER THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT: DURGA COMPLEX, BEARING NO.38/1, THIRD FLOOR, G BLOCK, SAHAKARNAGAR, BENGALURU-560 092. PETITIONER NO.1 AND 2 BOTH REP. BY ITS AUTHORIZED SIGNATORY, SRI SANJAY PALSAMUDRAM …PETITIONERS (BY SRI RAMAKRISHNAN S, ADVOCATE) AND: MR. NAGENDRA NAGARAJA, AGED MAJOR, S/O SRI NAGARAJA A, R/AT #18, GAYATHRI KRUPA, SOMANNA GARDENS, 1ST CROSS, 1ST MAIN, VIDYARANYAPURA, BENGALURU-560 097. …RESPONDENT (BY SRI VAMSHI KRISHNA C, ADVOCATE) Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:40478 CMP No. 248 of 2022 THIS CIVIL MISC. PETITION IS FILED UNDER SEC.11(6) OF THE ARBITRATION AND CONCILIATION ACT, 1996 TO APPOINT A SOLE ARBITRATOR, PREFERABLY OF THE RANK OF A RETIRED JUDGE OF THE HIGH COURT OF KARNATAKA TO SETTLE AND ADJUDICATE THE DISPUTE/CLAIMS ARISING BETWEEN THE PARTIES ARISING OUT OF THE AGREEMENTS DATED 09.08.2017 VIDE ANNEXURE-A AT CLAUSE 11.4 AND ANNEXURE-B AT CLAUSE 24.4 ETC. THIS PETITION, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The Petitioners are before this Court seeking for the following reliefs: a. "Appoint a Sole Arbitrator, preferably of the rank of a Retired Judge of the High Court of Karnataka to settle and adjudicate the dispute/claims arising between the parties arising out of the Agreements dated 09.08.2017 vide Annexure-A at Clause 11.4 and Annexure-B at Clause 24.4. b. Pass such other and further order(s) as this Hon'ble Court may deem fit and proper in the facts and circumstances of the present case in the interest of justice in favor of the Petitioner and against the Respondent." 2. A memo dated 10.10.2025 has been filed signed by the learned counsel for the Petitioners, which reads as under: - 3 - HC-KAR NC: 2025:KHC:40478 CMP No. 248 of 2022 “MEMO TO WITHDRAW PETITION The petitioners hereby submit that the Petitioner company has ceased operations and hence do not wish to continue with the present Petition, hence this Memo to withdraw the same. The email from the authorized representative of the Petitioners confirming the same is produced herewith as Annexure – “A”. Under the circumstances, it is prayed to this Hon’ble Court that it may be pleased to take this Memo on record and dismiss the present Petition as withdrawn.” 3. Accepting the said memo and submission of learned counsel for the petitioners, the petition is dismissed as withdrawn. 4. In view of dismissal of the main petition, pending applications, if any, do not survive for consideration. Hence, the same are disposed. SD/- (SURAJ GOVINDARAJ) JUDGE KTY List No.: 1 Sl No.: 10