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2026 DAILYLAW 15793 (KAR)

ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED v. MR B P KUMAR BABU

WP/26966/2025 · 2026-04-30

H T Narendra Prasad

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:24537 WP No. 26966 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 30TH DAY OF APRIL, 2026 BEFORE THE HON'BLE MR. JUSTICE H.T. NARENDRA PRASAD WRIT PETITION NO. 26966 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. MR. B.P.KUMAR BABU, AGED ABOUT 54 YEARS, S/O LATE PRABHAKAR REDDY, R/AT "VISHNU PAADAM", NO. 132, 4TH MAIN, Digitally signed by DHANALAKSHMI MURTHY Location: HIGH COURTOF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:24537 WP No. 26966 of 2025 DEFENCE COLONY, INDIRANAGAR, BENGALURU - 560 038. 2. MRS. KUMUDHA KUMAR BABU, AGED ABOUT 51 YEARS, W/O B.P. KUMAR BABU, R/AT "VISHNU PAADAM" , NO.132, 4TH MAIN, DEFENCE COLONY, INDIRANAGAR, BENGALURU - 560 038. 3. L & 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 (BY SRI.M.V.SUNDARA RAMAN, ADVOCATE FOR R1 AND R2) 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. NO. 1069/2025 ON I.A. NO. 1 WHICH HAS BEEN EXTENDED FROM TIME TO TIME (ANNEXURE-A) AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:24537 WP No. 26966 of 2025 CORAM: HON'BLE MR. JUSTICE H.T. NARENDRA PRASAD ORAL ORDER 1. Learned counsel for the petitioner has filed a memo seeking permission of this Court to withdraw this writ petition as the same has become infructuous. 2. Memo dated 29.04.2026 is taken on record. 3. Accordingly, the writ petition is dismissed as withdrawn. Sd/- (H.T. NARENDRA PRASAD) JUDGE PSJ List No.: 1 Sl No.: 118