- 1 - HC-KAR NC: 2026:KHC:15229 WP No. 1132 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 13TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM WRIT PETITION NO. 1132 OF 2026 (GM-RES) BETWEEN: DR M L SURESH BABU SON OF LATE SHRI SRI SURESH, AGED APPROXIMATELY 60 YEARS RESIDENT OF NO. 477, 6TH MAIN, 5TH BLOCK, HBR LAYOUT, BENGALURU - 560043. SUSPENDED DIRECTOR OF M/S SRIYA FARMS AND FEEDS PRIVATE LIMITED (CORPORATE DEBTOR) HAVING REGISTERED OFFICE AT NO. 208/B, 1ST STAGE, HBR LAYOUT, 2ND BLOCK, 80 FEET MAIN ROAD, BENGALURU - 560043, KARNATAKA …PETITIONER (BY SRI. MANJUNATHA M R., ADVOCATE) AND: 1. UNION OF INDIA THROUGH THE SECRETARY, MINISTRY OF LAW AND JUSTICE, 4TH FLOOR, A-WING, SHASTRI BHAWAN, NEW DELHI - 110001 Digitally signed by CHAITHRA A Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:15229 WP No. 1132 of 2026 2. INSOLVENCY AND BANKRUPTCY BOARD OF INDIA HEAD OFFICE AT 7TH FLOOR, MAYUR BHAVAN, SHANKAR MARKET, CONNAUGHT CIRCUS, NEW DELHI - 110001 REP. BY ITS CHAIRPERSON 3. NATIONAL COMPANY LAW TRIBUNAL BENGALURU BENCH, CORPORATE BHAWAN, 12TH FLOOR, RAHEJA TOWERS, EAST WING, M.G. ROAD, BENGALURU - 560001 REP. BY ITS REGISTRAR. 4. COMMITTEE OF CREDITORS CONSTITUTED UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 IN C.P. (IB) NO. 155/BB/2024 SRIYA FARMS AND FEEDS PRIVATE LIMITED (IN CIRP) REP. BY THE RESOLUTION PROFESSIONAL M.V. SUDARSHAN (IRP/DEEMED RP) NO. 984/13, 8TH MAIN, GIRINAGAR II PHASE, BENGALURU - 560085 …RESPONDENTS THIS WRIT PETITION FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO A. ISSUE A WRIT, ORDER OR DIRECTION IN THE NATURE OF CERTIORARI OR ANY OTHER APPROPRIATE WRIT, ORDER OR DIRECTION QUASHING ENTIRE PROCEEDINGS IN IA (IBC) (LIQ.)-20/2025 IN C.P. (I.B) NO.155/BB/2024 PENDING BEFORE THE 3RD RESPONDENT NATIONAL COMPANY LAW TRIBUNAL. B. ISSUE A WRIT, ORDER OR DIRECTIONS DECLARING THAT THE SUSPENDED BOARD OF DIRECTORS INCLUDING THE PETITIONER IN THE INSTANT CASE HAS RIGHT TO BE HEARD UNDER SECTION 33 (2) READ WITH - 3 - HC-KAR NC: 2026:KHC:15229 WP No. 1132 of 2026 SECTION 33 (1) OF THE IBC, 2016 PRIOR TO ANY ORDERS BEING PASSED BY THE ADJUDICATING AUTHORITY. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SACHIN SHANKAR MAGADUM ORAL ORDER Learned counsel for the petitioner has filed a memo dated 13.03.2026 seeking permission of this Court to withdraw the petition with liberty to the petitioner to challenge the order dated 22.10.2024 passed by respondent No.3 in matter bearing No.C.P.(I.B) No.155/BB/2024 before the National Company Law Appellate Tribunal at Chennai. 2. The said memo is taken on record. 3. In view of the above said memo, the writ petition is dismissed as withdrawn with liberty as prayed for. Pending applications, if any, are also dismissed. Sd/- (SACHIN SHANKAR MAGADUM) JUDGE NBM List No.: 2 Sl No.: 87