- 1 - HC-KAR NC: 2026:KHC:9808-DB COMAP No. 379 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF FEBRUARY, 2026 PRESENT THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE AND THE HON'BLE MR. JUSTICE C.M. POONACHA COMMERCIAL APPEAL NO. 379 OF 2025 BETWEEN: 1. UNITED BREWERIES LIMITED A COMPANY INCORPORATED UNDER PROVISIONS OF THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE ADDRESS AT UB TOWER, UB CITY VITTAL MALLYA ROAD BANGALORE-560001 REPRESENTED BY ITS AUTHORIZED SIGNATORY …APPELLANT (BY SRI. DHYAN CHINNAPPA, SENIOR ADVOCATE FOR SRI. AJITH A SHETTY AND MS.MANASA SUNDARARAMAN, ADVOCATES) AND: 1. M/S. PHOENIX MARKETING A PARTNERSHIP CONCERN, REPRESENTED BY ITS MANAGING PARTNER AND HAVING ITS OFFICE ADDRESS AT R-618 Digitally signed by SRIDEVI S Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:9808-DB COMAP No. 379 of 2025 NEW RAJINDER NAGAR NEW DELHI-110060 2. MR. ANIL SAPRA S/O HANSRAJ SAPRA AGED ABOUT 60 YEARS IN CARE OF M/S PHOENIX MARKETING R-618 NEW RAJINDER NAGAR NEW DELHI-110060 IN HIS INDIVIDUAL CAPACITY AND AS PARTNER OF DEFENDANT No.1 CONCERN …RESPONDENTS (BY SRI. ROHIT GANDI, MR.ADHISH SRIVASTAVA, MR. SATHIES KUMAR.S., AND MR. ALLEN DAVIS, ADVOCATES FOR R1 AND R2) THIS COMMERCIAL APPEAL UNDER SECTION 13 (1A) OF THE COMMERCIAL COURTS ACT, 2015 PRAYING TO SET ASIDE THE IMPUGNED JUDGMENT AND DECREE DATED 24.04.2025 PASSED BY THE HONBLE LXXXII ADDITIONAL CITY CIVIL AND SESSIONS JUDGE,(COMMERCIAL DIVISION) BENGALURU, IN COMMERCIAL OS NO. 2310/2017. THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE and HON'BLE MR. JUSTICE C.M. POONACHA - 3 - HC-KAR NC: 2026:KHC:9808-DB COMAP No. 379 of 2025 ORAL JUDGMENT (PER: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE) 1. Learned counsel for the parties state that the parties have since settled their disputes. They have also filed a joint memo enclosing therewith a settlement agreement. The parties shall be bound by the said agreement dated 16.02.2026. 2. The appeal is accordingly disposed of. 3. The Bank guarantees furnished by the appellant shall be returned to the appellant after the respondents confirm that they have received full payment in terms of the settlement agreement. 4. The Court fee/part of Court fee be refunded to the appellant in accordance with law. 5. The pending interlocutory applications also stand disposed of. Sd/- (VIBHU BAKHRU) CHIEF JUSTICE Sd/- (C.M. POONACHA) JUDGE VM/List No.: 2 Sl No.: 42