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2026 DAILYLAW 22636 (KAR)

VENKATESH v. M/S L AND T HOUSING FINANCE LTD

CMP/236/2026 · 2026-06-19

B M Shyam Prasad

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:30357 CMP No. 236 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD CIVIL MISC. PETITION NO. 236 OF 2026 BETWEEN: VENKATESH S/O VASUDEVA RAO, AGED ABOUT-61 YEARS, R/AT NO.847, 10TH CROSS, 25TH 'A' MAIN, HSR LAYOUT, SECTOR-1, BENGALURU-560102. …PETITIONER (BY SRI. PARASHURAM R HATTARAKIHAL.,ADVOCATE) AND: 1. M/S L AND T HOUSING FINANCE LTD REGISTERED OFFICE L AND T HOUSE, 10M MARG, BALLARD (EAST), MUMBAI-400001 MAHARASHTRA STATE, AND ALSO BRANCH AT SHARADADEVI NAGAR (MAIN), NO.209. HIG, NORTH HIGH TENSION, DOUBLE ROAD, MYSORE-570022 BY ITS BRANCH MANAGER. Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:30357 CMP No. 236 of 2026 2. ASSETS RECONSTRUCTION COMPANY INDIA LTD., (ARCIL), REGISTERED OFFICE THE RUBY-29, SENAPATHI BAPAT MARG, DADAR (WEST), MUMBAI-400028, MAHARASHTRA STATE …RESPONDENTS THIS CMP IS FILED U/S. 11(4) OF ARBITRATION AND CONCILIATION ACT 1996, PRAYING TO APPOINT A SOLE ARBITRATOR TO ADJUDICATE THE DISPUTE AROSE BETWEEN THE BOTH THE PARTIES AND PASS NECESSARY ORDERS BY GIVING FULL OPPORTUNITIES TO BOTH SIDES IN TERMS OF CLAUSE -12, PAGE NO.22 OF THE LOAN AGREEMENT DATED 28.12.2016 AS PER ANNEXURE - A. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD - 3 - HC-KAR NC: 2026:KHC:30357 CMP No. 236 of 2026 ORAL ORDER Sri Parashuram R Hattarakihal, the learned counsel for the petitioner, has filed a memo seeking leave to withdraw the petition which reads as under: “It is submitted that the undersigned counsel for the petitioner, seeks leave of this Hon’ble Court to withdraw the above said CMP, as the CMP is of want of jurisdiction as the said jurisdiction stated is Mumbai/New Delhi, hence this memo in the interest of justice and equity and liberty may be granted to file the CMP at the appropriate jurisdictional Court.” The memo is accepted, and the petition stands dismissed as withdrawn. Sd/- (B M SHYAM PRASAD) JUDGE AN/-