CFM ASSETS RECONSTRUCTION PRIVATE LIMITED v. M/S CONCORD INVESTMENTS
CRP/36/2025 · 2025-11-17
V Srishananda
body2025
DailyLaw.ai
[ 2025 DAILYLAW 88219 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 88219 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF NOVEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE V SRISHANANDA CIVIL REVISION PETITION NO. 36 OF 2025 (IO) BETWEEN:
CFM ASSETS RECONSTRUCTION PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 2013. HAVING ITS CORPORATE OFFICE AT 1ST FLOOR, WAKEFIELD HOUSE, SPROTT ROAD BALLARD ESTATE, MUMBAI -400 038. ACTING IN ITS CAPACITY AS A TRUSTEE OF THE CFMARC TRUST - 103 CIN NO.U67100GJ2015PTC083994 REPRESENTED BY ITS ASSISTANT VICE PRESIDENT AND DULY AUTHORIZED SIGNATORY MR.S. ESWARAPPA …PETITIONER (BY SRI. DHANUSH M., ADVOCATE FOR SMT. ANUPARNA BORDOLOI, ADVOCATE)
AND:
1. M/s CONCORD INVESTMENTS A PARTNERSHIP FIRM REGISTERED UNDER THE INDIAN PARTNERSHIP ACT, 1932 HAVING ITS OFFICE AT WING A NO. 11, O' SHAUGNESSY ROAD, BENGALURU - 560 025 REPRESENTED BY ITS JOINT MANAGING PARTNER
Digitally signed by SUMA B N Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
MR. BHASKAR N. RAJU. 2. MR P SHYAMA RAJU S/O LATE MR P NARASARAJU AGED ABOUT 76 YEARS RESIDING AT NO 343, 4TH MAIN ROAD, PALACE UPPER ORCHARDS, SADASHIVANAGAR BENGALURU - 560 080. 3. MR BHASKAR N RAJU S/O LATE MR N NARAYANA RAJU AGED ABOUT 54 YEARS RESIDING AT VILLA 121, PRESTIGE GOLFSHIRE, NANDI HILLS ROAD, KUNDANA HOBLI, DEVANAHALLI TALUK, KARAHALLI, BANGALORE-562 110. 4. MR. UMESH S. RAJU S/O OF MR P SHYAMA RAJU AGED ABOUT 43 YEARS RESIDING AL NO 343, 4TH MAIN ROAD, PALACE UPPER ORCHARDS, SADASHIVANAGAR BENGALURU - 560 080. 5. SHYAMARAJU AND COMPANY (INDIA) PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT DIVYASREE CHAMBERS, WING A NO 11, O SHAUGNESSY ROAD BENGALURU -560 025 CIN U85110KA1998PTC023537 REPRESENTED BY ITS AUTHORISED SIGNATORY MR BHASKAR N RAJU. - 3 -
HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
6. HIGH TECH REALTORS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT
"DIVYASREE CHAMBERS", A-WING, NO. 11, O SHAUGNESSY ROAD BANGALORE-560 025, CIN U07010KA2003PTC033021 REPRESENTED BY ITS AUTHORISED SIGNATORY MR. UMESH S. RAJU. 7. CORETECH REALTY PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT
"DIVYA SREE CHAMBERS", A-WING, NO. 11, O SHAUGNESSY ROAD BANGALORE 560 025, CIN U07010KA2003PTC032601 REPRESENTED BY ITS AUTHORISED SIGNATORY MR. BHASKAR N RAJU.
8. VALDEL ENGINEERS AND CONSTRUCTORS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956. HAVING ITS REGISTERED OFFICE AT THE RESIDENCY, 133 AND 133/1, 5TH FLOOR, RESIDENCY ROAD, BENGALURU - 560 025. CIN NO. U29199KA1990PTC011315 REPRESENTED BY ITS MANAGING DIRECTOR MR. M.J. SHANTHARAM. 9. VALDEL INVESTMENTS PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO. 21/1 EMBASSY VOUGE, PALACE ROAD, VASANTHNAGAR, BENGALURU - 560 052. - 4 -
HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
CIN NO. U65993KA2005PTC037754 REPRESENTED BY ITS MANAGING DIRECTOR MR. M.J. SHANTHARAM. 10. MR. M. J. SHANTHARAM S/O MR. M.R. JAYARAM AGED ABOUT 46 YEARS, RESIDING AT GOKULA HOUSE, GOKUL EXTENSION, BENGALURU 560 054
ALSO AT:
NO. 27, KCN TOWERS, RACE COURSE ROAD, BENGALURU 560 001. 11. MRS. ANITHA SHANTHARAM W/O M.J. SHANTHARAM AGED ABOUT 42 YEARS NO. 27, KCN TOWERS, RACE COURSE ROAD, BENGALURU - 560 001. 12. VALDEL PROJECTS CORPORATION PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO. 27, KCN TOWERS, RACE COURSE ROAD, BENGALURU - 560 001. CIN NO. U45209KA2011PTC057289 REPRESENTED BY ITS MANAGING DIRECTOR MR. M.J. SHANTHARAM. ALSO AT NO. 2/1 'EMBASSY VOUGE', PALACE ROAD, VASANTHNAGAR, BENGALURU - 560052. - 5 -
HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
13. VALDEL REAL ESTATE PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO. 27, KCN TOWERS, RACE COURSE ROAD, BENGALURU - 560 001. CIN NO. U70102KA2010PTC052469. REPRESENTED BY ITS MANAGING DIRECTOR MR. M.J. SHANTHARAM. ALSO AT:
NO. 2/1 'EMBASSY VOUGE', PALACE ROAD, VASANTHNAGAR, BENGALURU - 560 052. 14.
L AND T FINANCE LIMITED (EARLIER KNOWN AS THE L AND T INFRASTRUCTURE FINANCE COMPANY LIMITED) A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 REGISTERED OFFICE AT 15TH FLOOR, PS SRIJAN TECH PARK, PLOT NO.52, BLOCK DN, SECTOR - V, SALT LAKE CITY, KOLKATA 700 091. DISTRICT 24, PARAGANAS NORTH. 15. VALDEL INFRA (INDIA) PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO. 27, KCN TOWERS, RACE COURSE ROAD, BENGALURU 560 001. CIN NO. U45203KA2011PTC057323 REPRESENTED BY ITS MANAGING DIRECTOR
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HC-KAR NC: 2025:KHC:47005 CRP No. 36 of 2025
MR. M.J. SHANTHARAM. …RESPONDENTS
THIS CRP IS FILED UNDER SECTION 115 OF CPC., AGAINST THE ORDER DATED 15.10.2024 PASSED ON I.A.
NO.IV IN O.S.NO.891/2023 ON THE FILE OF I ADDITIONAL SENIOR CIVIL JUDGE AND JMFC, DEVANAHALLI, REJECTING THE IA NO.IV FILED UNDER ORDER VII RULE 11(b and d) OF CPC., FOR REJECTION OF PLAINT. THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE V SRISHANANDA
ORAL ORDER Memo filed along with documents by learned counsel for petitioner. Memo is placed on record. As per the documents, the main suit itself came to be withdrawn. In view of the same, present revision petition is dismissed as it has rendered infructuous.
SD/- (V SRISHANANDA) JUDGE
SBN List No.: 1 Sl No.: 13