STATE BANK OF INDIA v. UNITED BREWERIES (HOLDINGS) LIMITED (IN LIQUIDATION)
CA/22/2020 · 2026-02-20
Suraj Govindaraj
body2026
DailyLaw.ai
[ 2026 DAILYLAW 16549 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 16549 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20TH DAY OF FEBRUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ COMPANY APPLICATION NO. 22 OF 2020 IN COMPANY PETITION NO. 162 OF 2013
BETWEEN:
1. STATE BANK OF INDIA A BANKING CORPORATION CONSTITUTED UNDER THE STATE BANK OF INDIA ACT, 1955 (23 OF 1955), HAVING ITS CORPORATE CENTRE AT STATE BANK BHAVAN, MADAME CAMA ROAD, NAIRMAN POINT, MUMBAI-400 021,
AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT STRESSED ASSET MANAGEMENT BRANCH, 2ND FLOOR, OFFICE COMPLEX BUILDING, LOCAL HEAD OFFICE COMPOUND, #65, ST. MARKS ROAD, BANGALORE-560 001. 2. BANK OF BARODA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACUQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970), HAVING ITS HEAD OFFICE AT BARODA HOUSE, P.B.NO.506, MANDAVI, VADODARA-396 006. ACTING THROUGH ITS BRANCH OFFICE AT P O BOX 11745, SAMATA BUILDING, CENTRAL BHOSALE MARG, NARIMAN POINT, MUMBAI-400 121. Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
3. CORPORATION BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1980 (40 OF 1980) HAVING ITS CORPORATE OFFICE AT MANGALADEVI TEMPLE ROAD, PANDESHWAR, MANGALORE-575 001. AND HAVING ITS INDUSTRIAL FINANCE BRANCH AT RALLARAM MEMORIAL BUILDING, 1ST FLOOR, CSI COMPOUND, MISSION ROAD, BENGALURU-560 027. 4. THE FEDERAL BANK LIMITED A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 1956, HAVING ITS REGISTERED OFFICE AT FEDERAL TOWERS, ALUVA, KERALA-683 101. AND HAVING ITS BRANCH OFFICE AT ST. MARKS ROAD, 9, HALCYON COMPLEX, ST. MARKS ROAD, BANGALORE-560 001. 5. IDBI BANK LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT 1956, AND A BANKING COMPANY WITHIN THE MEANING OF THE BANKING REGULATION ACT 1949, HAVING ITS HEAD OFFICE AT IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI-400 005, MAHARASHTRA, INDIA. AND ACTING THROUGH ITS BRANCH OFFICE AT CORPORATE BANKING GROUP-FAMG 9TH FLOOR, IBDI TOWER WTC COMPLEX, CUFFE PARADE, COLABA, MUMBAI-400 005. - 3 -
HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
6. INDIAN OVERSEAS BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 HAVING ITS CENTRAL OFFICE AT 763, ANNA SALAI, CHENNAI-600 002.
AND ITS BRANCH OFFICE AT ‘HARIKRIPA’, 26-A, S.V.ROAD, SANTACRUZ (W), MUMBAI-400 054. 7. JAMMU AND KASHMIR BANK LIMITED A BANKING COMPANY INCORPORATED UNDER THE PROVISIONS OF THE JAMMU AND KASHMIR COMPANIES ACT NO. XI OF 1977 (SAMVAT) HAVING ITS REGISTERED OFFICE AT CORPORATE HEADQUARTER, MAULANA AZAD ROAD, SRINAGAR, KASHMIR-190 001. AND ITS BRANCH OFFICE AT SYED HOUSE, 124, S.V. SAVARKAR MARG, MAHIM (WEST), MUMBAI-400 016. 8. PUNJAB AND SIND BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1980 HAVING ITS HEAD OFFICE AT 21, RAJENDRA PLACE, NEW DELHI-110 008. AND HAVING AMONGST OTHERS, A BRANCH OFFICE AT J.K.SOMANI BUILDING, BRITISH HOTEL LANE, FORT, MUMBAI-400 023. 9. PUNJAB NATIONAL BANK A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970, (5 OF 1970)
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HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
HAVING ITS HEAD OFFICE AT 7, BHIKAJI CAMA PLACE, NEW DELHI-110 607. ACTING THROUGH ITS LARGE CORPORATE BRANCH AT CENTENARY BUILDING, 28, M.G.ROAD, BENGALURU-560 001. 10. UCO BANK A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 AND HAVING ITS HEAD OFFICE AT 10, BTM SARANI, KOLKATA-700 001, WEST BENGAL, INDIA. AND ITS BRANCH OFFICE AT 1ST FLOOR, 13/22, K.G.ROAD, BENGALURU-560 009. 11. UNITED BANK OF INDIA A BODY CORPORATE UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1970 (5 OF 1970), HAVING ITS HEAD OFFICE AT 11, HEMANTA BASU SARANI, KOLKATA-700 001. ACTING THROUGH ITS BRANCH OFFICE AT 40, K.G.ROAD, BENGALURU-560 009. 12. JM FINANCIAL ASSET RECONSTRUCTION CO. PVT. LTD., HAVING ITS REGISTERED OFFICE AT 7TH FLOOR, CNERGY, APPASAHEB MARATHE MARG, PRABHADEVI, MUMBAI-400 025. …APPLICANTS
(BY SRI. CHINTAN CHINNAPPA, ADVOCATE, M/S. DUA ASSOCIATES)
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HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
AND:
UNITED BREWERIES (HOLDINGS) LIMITED (IN LIQUIDATION) THROUGH THE OFFICIAL LIQUIDATOR ATTACHED TO HIGH COURT OF KARNATAKA, 12TH FLOOR, RAHEJA TOWERS, BENGALURU-560 001. …RESPONDENT
(BY SRI.
SHRISHAIL NAVALGUND, ADVOCATE)
THIS COMPANY APPLICATION IS FILED UNDER SECTION 151 OF THE CODE OF CIVIL PROCEDURE READ WITH RULE 9 OF THE COMPANY (COURT) RULES, 1959, PRAYING TO DIRECT THE RESPONDENT/OFFICIAL LIQUIDATOR TO PROVIDE A STATEMENT WITH THE LIST OF TENANTS/LESSEES OCCUPYING THE PREMISES BELONGING TO UBHL, INCLUDING THE DETAILS OF THE RENTS AND OTHER INCOMES COLLECTED SO FAR, THE RATE AT WHICH THE RENTS ARE BEING COLLECTED FROM THE TENANTS/LESSEES, A STATEMENT REGARDING THE DIVIDENDS COLLECTED ON BEHALF OF UBHL AND THE AMOUNTS REALISED FROM THE SALE OF ASSETS OF UBHL. CONSEQUENTLY, TO DISBURSE 90% OF THE AMOUNTS REALISED BY WAY OF RENTS FROM THE TENANTS/LESSEES OF UBHL; FUTURE RENTS; DIVIDENDS COLLECTED ON BEHALF OF UBHL; SALE PROCEEDS OF SALE OF ASSETS OF UBHL AND OTHER INCOME COLLECTED ON BEHALF OF UBHL IN FAVOUR OF THE APPLICANTS. THIS APPLICATION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
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HC-KAR NC: 2026:KHC:10868 CA No. 22 of 2020 In COP No. 162 of 2013
CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ
ORAL ORDER
1. CA No.22/2020 is dismissed. Since, the said CA No.22/2020 is dismissed there would be no requirement to file rejoinder. 2. Liberty is however reserved to file a proper application accompanied by vakalatnama and signature of the authorized person. SD/- (SURAJ GOVINDARAJ) JUDGE
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