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2026 DAILYLAW 24501 (KAR)

M/S NVCF FINANCE PRIVATE LIMITED v. THE OFFICIAL LIQUIDATOR OF M/S TAURUS NOVALTIES LTD., (IN LIQN.)

CA/44/2026 · 2026-06-18

Jyoti M

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:29978 CA No. 44 of 2026 In COP No.187 of 2011 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M COMPANY APPLICATION NO. 44 OF 2026 IN COMPANY PETITION NO.187 OF 2011 BETWEEN: M/S. NVCF FINANCE PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956, AND HAVING ITS REGISTERED OFFICE AT NO.506, 33A CROSS, 9TH MAIN, 4TH BLOCK, JAYANAGAR, BENGALURU-560011 REPRESENTED BY ITS MANAGING DIRECTOR, …APPLICANT (BY SRI. DEEPAK, ADVOCATE) AND: THE OFFICIAL LIQUIDATOR OF M/S TAURUS NOVALTIES LTD., (IN LIQN.) ATTACHED TO HIGH COURT OF KARNATAKA, 12TH FLOOR, RAHEJA TOWERS, NEAR KIDS KAMP, M.G ROAD, BENGALURU -560 001. …RESPONDENT (BY SMT. KRUTIKA RAGHAVAN, ADVOCATE FOR OL) THIS COMPANY APPLICATION IS FILED UNDER RULE 6 AND 9 OF THE COMPANIES (COURT) RULES, 1959. Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:29978 CA No. 44 of 2026 In COP No.187 of 2011 THIS COMPANY APPLICATION IS LISTED FOR ORDERS, THIS DAY AN ORDER IS MADE AS UNDER: ORAL ORDER Sri.Deepak, counsel for the applicant and Smt.Krutika Raghavan, counsel for the Official Liquidator appeared in person. 2. The Company Application is filed seeking following reliefs: a) Ratify and Approve, the Assignment Agreement dated 31.12.1999 executed in favour of the Applicant; b) Direct the Official Liquidator to pay the declared dividend to the applicant in the above case in the interest of justice and equity. c) Pass such other Order as the nature and circumstances of the case may require; 3. The application is filed to ratify and approve, the Assignment Agreement dated 31.12.1999 executed in favour of the Applicant. - 3 - HC-KAR NC: 2026:KHC:29978 CA No. 44 of 2026 In COP No.187 of 2011 4. Counsel on behalf of the Official Liquidator on instruction submits that they have no objections to ratify the Assignment Agreement. 5. Perused the papers with care. There is no impediment for this Court to ratify and approve the Assignment Agreement dated:31.12.1999. Resultantly, this Court ratify and approves the Assignment Agreement dated:31.12.1999. In view of the ratification and approval of the Assignment Agreement dated:31.12.1999, the Official Liquidator is directed to pay the declared dividend to the applicant. 6. Accordingly, the Company Application No.44/2026 is allowed. Sd/- (JYOTI M) JUDGE SS,MRP List No.: 2 Sl No.: 13