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2026 DAILYLAW 18968 (KAR)

SCOTTS GARMENTS LIMITED (IN LIQUIDATION) v. KARNATAKA INDUSTRIAL AREA DEVELOPMENT BOARD

WP/35352/2025 · 2026-06-02

Suraj Govindaraj

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:25819 WP No. 35352 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ WRIT PETITION NO. 35352 OF 2025 (GM-KIADB) BETWEEN: SCOTTS GARMENTS LIMITED (IN LIQUIDATION) REPRESENTED BY ITS LIQUIDATOR, MR. M V SUDARSHAN REG. NO. IBBI/IPA-002/IP-N0056/2017-2018/11707 HAVING HIS OFFICE AT: NO. 984/13, 8TH MAIN, GIRINAGAR II PHASE, BANGALORE - 560 085 …PETITIONER (BY SRI. HEMANTH R. RAO, ADVOCATE) AND: KARNATAKA INDUSTRIAL AREA DEVELOPMENT BOARD 5TH FLOOR, KHANIJA BHAVAN, EAST WING, RACECOURSE ROAD, BANGALORE - 560001 REPRESENTED BY ITS CEO …RESPONDENT (BY SRI. HN VASUDEVAN.,ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO-DIRECT THE RESPONDENTS TO EXECUTED AS SALE DEED IN RESPECT OF THE SCHEDULE PROPERTY IN FAVOUR OF THE SUCCESSFUL Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:25819 WP No. 35352 of 2025 BIDDER MR. RAKESH KUMAR GAUR, PROPRIETOR OF QUALITY WIRE PRODUCETS. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following reliefs: a. Issue an appropriate Writ or order directing the Respondent to executed a Sale Deed in respect of the Schedule Porperty in favour of the successful bidder, Mr. Rakes Kumar Gaur, Proprietor of Quality Wire Products. b. Grant such further or other reliefs as this Hon'ble Court may deem fit and proper in the interest of justice and equity. 2. A memo for withdrawal dated 24.04.2026, has been filed signed by the counsel for the petitioner, which reads as under: "The undersigned counsel for the petitioner respectfully submits that the Corporate Debtor has been liquidated, and the Liquidator is filing an application for dissolution before the Hon'ble National Company Law Tribunal. In view of the above, the Petitioner seeks to withdraw the present Writ Petition and does not wish to pursue the same any further, with liberty reserved in favour of the auction purchasers to seek such remedies as may be available to them in accordance with law . - 3 - HC-KAR NC: 2026:KHC:25819 WP No. 35352 of 2025 WHEREFORE, it is respectfully prayed that this Hon'ble Court may be pleased to take this Memo on record and dispose of the present Writ petition as withdrawn, reserving liberty in favour of the auction purchasers to seek appropriate remedies in accordance with law, in the interest of justice and equity." 3. Accepting the said memo and submission of the counsel for the petitioner, the petition is dismissed as withdrawn. Sd/- (SURAJ GOVINDARAJ) JUDGE GJM List No.: 1 Sl No.: 85