SHRI VASUDEVAN SATHYAMOORTHY, v. M/S SAMMAN CAPITAL LTD
WP/33900/2025 · 2026-02-27
D K Singh, S Rachaiah
body2026
DailyLaw.ai
[ 2026 DAILYLAW 17029 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 17029 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF FEBRUARY, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE S RACHAIAH WRIT PETITION NO. 33900 OF 2025 (GM-RES) BETWEEN:
1.
SHRI VASUDEVAN SATHYAMOORTHY, AGED ABOUT 56 YEARS, S/O LATE SHRI. V. SATHYAMOORTHY, RESIDING AT NO.32, NORRIS ROAD, RICHMOND TOWN, BANGALORE -560025 EMAIL- VASU@OZONEGROUP.COM PHONE NUMBER-9845050441 …PETITIONER (BY SRI. JAITHRA J. NARAYAN., ADVOCATE)
AND:
1.
M/S SAMMAN CAPITAL LTD HAVING REGISTERED AT THE OFFICE AT 5TH FLOOR, BUILDING NO. 27, K.G. MARG, CONNAUGHT PLACE, NEW DELHI- 110001 THROUGH AUTHORIZED SIGNATORY MR. DEVBRAT MITRA.
2.
MR.RAVI SHANKAR DEVARAKONDA, BEARING REGN NO. IBBI/IPA-001/IP- P00095/2017/18/101095, ADDRESS - NO.41/1, 2ND FLOOR,
Digitally signed by VASANTHA KUMARY B K Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
9TH MAIN, 11TH CROSS, JAYANAGAR 2ND BLOCK, BANGALORE- 560 011 EMAIL-RAVICACSCMA@ICAI.ORG THE INTERIM RESOLUTION PROFESSIONAL APPOINTED BY THE NCLT-BANGALORE IN RESPECT OF CP(IG)NO.134/BB/2024 VIDE ORDER DATED 24.07.2024
…RESPONDENTS (BY SRI. N.VENKATESH KAMATH, ADVOCATE FOR SRI. CHINTAN CHINNAPPA M., ADVOCATE FOR R1)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO ISSUE A WRIT IN DECLARATION DECLARING THAT FILING OF THE PETITION BY THE 1ST RESPONDENT UNDER SECTION 95 OF THE IBC (INSOLVENCY AND BANKRUPTCY CODE OF INDIA) DATED 26.7.2024 BEFORE THE NCLT-BANGALORE VIDE ANNEXURE-A IN CP(IB)NO. 178/BB/2024 TO THE WRIT PETITION IS VIOD-AB-INITO AND COULD HAVE BEEN FILED, ETC.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE D K SINGH and HON'BLE MR. JUSTICE S RACHAIAH
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HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
ORAL ORDER (PER: HON'BLE MR. JUSTICE D K SINGH)
In view of the judgment dated 23.01.2026 passed by the Supreme Court in Civil Appeal No.555/2006, the petitioner herein has been permitted to go back to NCLT and move an appropriate application.
2. Therefore, nothing survives for consideration in this petition, inasmuch as the writ petition itself has been
disposed off by the Supreme Court.
3. In view thereof, the present writ petition is dismissed as having become infructuous.
4. In view dismissal of the petition, pending interim applications, if any do not survive for consideration, hence stand disposed of. Sd/- (D K SINGH) JUDGE
Sd/- (S RACHAIAH) JUDGE NG CT: SN /List No.: 2 Sl No.: 9
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HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF FEBRUARY, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE S RACHAIAH WRIT PETITION NO. 33900 OF 2025 (GM-RES) BETWEEN:
1.
SHRI VASUDEVAN SATHYAMOORTHY, AGED ABOUT 56 YEARS, S/O LATE SHRI. V. SATHYAMOORTHY, RESIDING AT NO.32, NORRIS ROAD, RICHMOND TOWN, BANGALORE -560025 EMAIL- VASU@OZONEGROUP.COM PHONE NUMBER-9845050441 …PETITIONER (BY SRI. JAITHRA J. NARAYAN., ADVOCATE)
AND:
1.
M/S SAMMAN CAPITAL LTD HAVING REGISTERED AT THE OFFICE AT 5TH FLOOR, BUILDING NO. 27, K.G. MARG, CONNAUGHT PLACE, NEW DELHI- 110001 THROUGH AUTHORIZED SIGNATORY MR. DEVBRAT MITRA.
2.
MR.RAVI SHANKAR DEVARAKONDA, BEARING REGN NO. IBBI/IPA-001/IP- P00095/2017/18/101095, ADDRESS - NO.41/1, 2ND FLOOR,
- 2 -
HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
9TH MAIN, 11TH CROSS, JAYANAGAR 2ND BLOCK, BANGALORE- 560 011 EMAIL-RAVICACSCMA@ICAI.ORG THE INTERIM RESOLUTION PROFESSIONAL APPOINTED BY THE NCLT-BANGALORE IN RESPECT OF CP(IG)NO.134/BB/2024 VIDE ORDER DATED 24.07.2024
…RESPONDENTS (BY SRI. N.VENKATESH KAMATH, ADVOCATE FOR SRI. CHINTAN CHINNAPPA M., ADVOCATE FOR R1)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO ISSUE A WRIT IN DECLARATION DECLARING THAT FILING OF THE PETITION BY THE 1ST RESPONDENT UNDER SECTION 95 OF THE IBC (INSOLVENCY AND BANKRUPTCY CODE OF INDIA) DATED 26.7.2024 BEFORE THE NCLT-BANGALORE VIDE ANNEXURE-A IN CP(IB)NO. 178/BB/2024 TO THE WRIT PETITION IS VIOD-AB-INITO AND COULD HAVE BEEN FILED, ETC.
THIS PETITION, COMING ON FOR ORDERS, THIS DAY,
ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE D K SINGH and HON'BLE MR. JUSTICE S RACHAIAH
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HC-KAR NC: 2026:KHC:12288-DB WP No. 33900 of 2025
ORAL ORDER (PER: HON'BLE MR. JUSTICE D K SINGH)
In view of the judgment dated 23.01.2026 passed by the Supreme Court in Civil Appeal No.555/2006, the petitioner herein has been permitted to go back to NCLT and move an appropriate application.
2. Therefore, nothing survives for consideration in this petition, inasmuch as the writ petition itself has been
disposed off by the Supreme Court.
3. In view thereof, the present writ petition is dismissed as having become infructuous.
4. In view dismissal of the petition, pending interim applications, if any do not survive for consideration, hence stand disposed of. Sd/- (D K SINGH) JUDGE
Sd/- (S RACHAIAH) JUDGE NG CT: SN /List No.: 2 Sl No.: 9