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2026 DAILYLAW 24250 (KAR)

SRI BALASUBRAMANYAM NAGESH v. SOUNDARYA SOUHARDA CREDIT

CRL.P/7919/2026 · 2026-06-24

M Nagaprasanna

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:31424 CRL.P No. 7919 of 2026 C/W CRL.P No. 7931 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE M.NAGAPRASANNA CRIMINAL PETITION NO. 7919 OF 2026 C/W CRIMINAL PETITION NO. 7931 OF 2026 IN CRL.P No. 7919/2026 BETWEEN: 1. SRI. BALASUBRAMANYAM NAGESH AGED ABOUT 54 YEARS MANAGING DIRECTOR M/S. SUBRAMANYA CONSTRUCTION AND DEVELOPMENT COMPANY LTD., REGISTERED OFFICE AT: 42, 2ND STAGE, 3RD CROSS, INDUSTRIAL SUBURB, YESHWANTHPUR, BENGALURU - 560 022. 2. HAMMANNA BOMMAYYA NAYAK ADDITIONAL DIRECTOR, M/S. SUBRAMANYA CONSTRUCTION AND DEVELOPMENT COMPANY LTD., REGISTERED OFFICE AT 42, 2ND STAGE, 3RD CROSS, INDUSTRIAL SUBURB, YESHWANTHPUR, BENGALURU - 560 022. …PETITIONERS (BY SRI. DILIP KUMAR I.S., ADVOCATE) Digitally signed by SANJEEVINI J KARISHETTY Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:31424 CRL.P No. 7919 of 2026 C/W CRL.P No. 7931 of 2026 AND: SOUNDARYA SOUHARDA CREDIT CO-OPERATIVE LTS, REGISTERED OFFICE AT NO. 22 AND 23, "SOUNDARYA SOUHARDA", HESARGHATTA MAIN ROAD, HAVANUR EXTENSION, NAGASNADRA POST, BENGALURU - 560 073, REPRESENTED BY ITS CEO SRI. HEMANTHA B.V. …RESPONDENT THIS CRL.P IS FILED U/S 482 OF CR.PC (FILED U/S 528 BNNS) PRAYING TO 1. SET ASIDE THE IMPUGNED ORDER DATED 08.04.2026 PASSED BY THE LII A.C.J.M BENGALURU IN C.C.NO.21722/2026 TAKING COGNIZANCE AGAINST THE PETITIONERS FOR THE OFFENCE P/U/S 138 OF N.I ACT PRODUCED AT ANNEXURE-A. IN CRL.P NO. 7931/2026 BETWEEN: 1. SRI BALASUBRAMANYAM NAGESH AGED ABOUT 45 YEARS MANAGING DIRECTOR M/S. SUBRAMANYA CONSTRUCTION AND DEVELOPMENT COMPANY LTD., REGISTERED OFFICE AT: 42, 2ND STAGE, 3RD CROSS, INDUSTRIAL SUBURB, YESHWANTHPUR, BENGALURU - 560 022. 2. HAMMANNA BOMMAYYA NAYAK AGED ABOUT 68 YEARS ADDITIONAL DIRECTOR, - 3 - HC-KAR NC: 2026:KHC:31424 CRL.P No. 7919 of 2026 C/W CRL.P No. 7931 of 2026 M/S. SUBRAMANYA CONSTRUCTION AND DEVELOPMENT COMPANY LTD., REGISTERED OFFICE AT 42, 2ND STAGE, 3RD CROSS, INDUSTRIAL SUBURB, YESHWANTHPUR, BENGALURU - 560 022. ...PETITIONERS (BY SRI. DILIP KUMAR I.S., ADVOCATE) AND: SOUNDARYA SOUHARDA CREDIT CO-OPERATIVE LTS, REGISTERED OFFICE AT NO. 22 AND 23, "SOUNDARYA SOUHARDA", HESARGHATTA MAIN ROAD, HAVANUR EXTENSION, NAGASNADRA POST, BENGALURU - 560 073, REPRESENTED BY ITS CEO SRI. HEMANTHA B.V. ...RESPONDENT THIS CRL.P IS FILED U/S 482 OF CR.PC (FILED U/S 528 BNSS) PRAYING TO A. SET ASIDE THE IMPUGNED ORDER DATED 08/04/2026 PASSED BY THE LII ADDITIONAL CHIEF JUDICIAL MAGISTRATE, BENGALURU IN C.C. NO. 21724/2026 TAKING COGNIZANCE AGAINST THE PETITIONERS FOR THE OFFENCE PUNISHABLE UNDER SECTION 138 OF NI ACT PRODUCED AT ANNEXURE A; THESE PETITIONS, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 4 - HC-KAR NC: 2026:KHC:31424 CRL.P No. 7919 of 2026 C/W CRL.P No. 7931 of 2026 CORAM: HON'BLE MR. JUSTICE M.NAGAPRASANNA ORAL ORDER Learned counsel appearing for the petitioners has filed memos seeking withdrawal of these petitions. The memos so filed read as follows: "In Crl.P.No.7919/2026: MEMO FOR WITHDRAWAL The Petitioners most respectfully submits that during the pendency of the petition, the parties have settled the dispute among themselves and reported the same before the trial court on 18.06.2026. Hence petitioners may be permitted to withdraw the present petition in the interest of justice. In Crl.P.No.7931/2026: MEMO FOR WITHDRAWAL The Petitioners most respectfully submits that during the pendency of the petition, the parties have settled the dispute among themselves and reported the same before the trial court on 18.06.2026. Hence petitioners may be permitted to withdraw the present petition in the interest of justice." In terms of the memos, the petitions stand disposed as withdrawn. Sd/- (M.NAGAPRASANNA) JUDGE SJK/List No.: 2 Sl No.: 15