- 1 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF APRIL, 2026 PRESENT THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE AND THE HON'BLE MR. JUSTICE C.M. POONACHA COMMERCIAL APPEAL NO. 601 OF 2025 C/W COMMERCIAL APPEAL NO. 562 OF 2025 IN COMAP No. 601/2025 BETWEEN: L AND T FINANCE LIMITED A COMPANY WITHIN THE MEANING OF COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT BRINDAVAN, PLOT NO. 117, CST ROAD, KALINA, SANTACRUZ (EAST), MUMBAI-400098 REPRESENTED BY ITS AUTHORIZED SIGNATORY MR. FAYAZ AHAMED …APPELLANT (BY MR. ANURAAG IYER, ADVOCATE FOR SRI. MOHAMMED SHAMEER, ADVOCATE) AND: 1. CORNERSTONE PROPERTIES PRIVATE LIMITED Digitally signed by NIRMALA DEVI Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT CORNERSTONE HOUSE, 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560 038. REP BY ITS AUTHORIZED REPRESENTATIVE MR. KIRAN POONACHA. 2. CORNERSTONE BAY EAST PRIVATE DEVELOPERS LIMITED., A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT CORNERSTONE HOUSE, 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560 038. REP BY ITS AUTHORIZED SIGNATORY MR. KIRAN POONACHA. 3. CHRYSOLITE PROPERTY DEVELOPMENTS PVT LTD., (FORMERLY KNOWN AS MAVERICK PROPERTY INVESTMENTS PRIVATE LIMITED), A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT CORNERSTONE HOUSE, 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560 038 REP BY ITS AUTHORIZED SIGNATORY. MR. KIRAN POONACHA 4. ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED, A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 2013 - 3 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 HAVING ITS REGISTERED OFFICE AT THE RUBY, 10TH FLOOR, 29 SENAPATI BAPAT MARG, DADAR (WEST), MUMBAI-400 028. REP BY ITS AUTHORIZED SIGNATORY. …RESPONDENTS THIS COMAP IS FILED UNDER SECTION 13 (1A) OF THE COMMERCIAL COURTS ACT, 2015 R/W SECTION 104(1)(i) AND ORDER XLIII RULE 1(r) OF THE CODE OF CIVIL PROCEDURE, 1908 PRAYING TO SET ASIDE THE COMMON ORDER DATED 12.09.2025 ON IA NO. 1 TO 3 PASSED BY THE HONBLE LXXXIV ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU (CCH 85), IN COMMERCIAL ORIGINAL SUIT NO. 918/2025. IN COMAP NO. 562/2025 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-400028 REPRESENTED BY ITS MANAGER (LEGAL) AND AUTHORIZED REPRESENTATIVE MS VRINDA TANNA ...APPELLANT (BY MS. ADITI GURJER, ADVOCATE FOR SRI. TEJAS S R, ADVOCATE) - 4 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 AND: 1. CORNERSTONE PROPERTIES PRIVATE LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT 2013, HAVING ITS REGISTERED ADDRESS AT NO.583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD 1ST STAGE, INDIRANAGAR, BENGALURU-560038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR KIRAN POONACHA 2. CORNERSTONE BAY EAST DEVELOPERS PRIVATE LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT 2013, HAVING ITS REGISTERED ADDRESS AT NO.583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR KIRAN POONACHA 3. CHRYSOLITE PROPERTY DEVELOPMENTS PRIVATE LIMITED (FORMERLY KNOWN AS MAVERICK PROPERTY INVESTMENTS PRIVATE LIMITED) A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT 2013, HAVING ITS REGISTERED ADDRESS AT NO.583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560038 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE MR KIRAN POONACHA 4. L & T FINANCE LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT 2013, - 5 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 HAVING ITS REGISTERED OFFICE AT BRINDAVAN PLOT NO.177, CST ROAD, KALINA SANTRA CRUZ (EAST), MUMBAI-400098 REPRESENTED BY ITS AUTHORISED RERPESENTATIVE MR FAYAZ AHAMED ...RESPONDENTS THIS COMAP IS FILED UNDER SECTION 13(1-A) OF COMMERCIAL COURTS ACT, 2015 PRAYING TO SET ASIDE THE ORDER DATED 12.09.2025 PASSED BY THE LEARNED LXXXIV ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU (CCH-85), IN COM.OS NO.918/2025 ON IA NOS.1 TO 3 (ANNEXURE - A) AND CONSEQUENTLY DISMISS IA NOS.1 TO 3 FILED BY THE RESPONDENT NOS.1 TO 3 UNDER ORDER XXXIX RULES 1 AND 2 OF THE CODE OF CIVIL PROCEDURE, 1908. THESE APPEALS, COMING ON FOR FINAL HEARING, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE and HON'BLE MR. JUSTICE C.M. POONACHA ORAL JUDGMENT (PER: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE) 1. The learned counsel appearing for the appellants submits that the present appeals be disposed of as do not survive, as the respondent nos.1 to 3 have withdrawn the commercial suit. - 6 - HC-KAR NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025 2. The above appeals are dismissed as withdrawn. 3. All pending applications are also disposed of. SD/- (VIBHU BAKHRU) CHIEF JUSTICE SD/- (C.M. POONACHA) JUDGE ND List No.: 1 Sl No.: 76