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2026 DAILYLAW 25051 (KAR)

JUPITER CAPITAL PRIVATE LIMITED v. AMICA FINANCIAL TECHNOLOGIES PRIVATE LIMITED

COMAP/427/2025 · 2026-07-02

K S Hemalekha

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:32979-DB COMAP No. 427 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF JULY, 2026 PRESENT THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE AND THE HON'BLE MRS. JUSTICE K.S. HEMALEKHA COMMERCIAL APPEAL NO. 427 OF 2025 BETWEEN: 1. JUPITER CAPITAL PRIVATE LIMITED HAVING ITS REGISTERED OFFICE AT: NO. 03, 5TH FLOOR PRESTIGE SIGMA VITTAL MALLYA ROAD BENGALURU - 560 001. A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 REPRESENTED BY ITS AUTHORISED SIGNATORY MR. ABHAY MAHESHWARI. …APPELLANT (BY SRI. ADITHYA R CHAKRAGIRI, ADVOCATE Ms. NEHA RAO, ADVOCATE) AND: 1. AMICA FINANCIAL TECHNOLOGIES PRIVATE LIMITED HAVING ITS REGISTERED OFFICE AT NO. 32 3RD FLOOR, VIRAJ BUILDING PLOT NO. 124, ABOVE HDFC BANK SV ROAD, KHAR WEST MUMBAI - 400 052. REPRESENTED THROUGH ITS Digitally signed by SRIDEVI S Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:32979-DB COMAP No. 427 of 2025 AUTHORISED REPRESENTATIVE MR. RAGHUVARDHAN R. …RESPONDENT (BY SRI ABDUL HADIN, ADVOCATE Ms. SANJANA M, ADVOCATE V/o DATED. 09-09-2025 SRI PRADEEP NAYAK, ADVOCATE) THIS COMMERCIAL APPEAL UNDER SECTION 13 (1-A) OF THE COMMERCIAL COURTS ACT, 2015 PRAYING TO SET ASIDE THE ORDER DATED JUNE 19, 2025 PASSED BY THE LEARNED LXXXIX ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, AT BENGALURU (CCH-90) IN COM. OS NO.861/2023, DISMISSING IA NO.1 OF 2023 FILED UNDER ORDER 39 RULE 1 AND 2 OF CPC., IN COM.OS NO.861/2023 (ANNEXURE - A), AND CONSEQUENTLY ALLOW THE IA NO.1 OF 2023 FILED UNDER ORDER 39 RULE 1 AND 2 OF CPC IN COM. OS NO.861/2023 AND ETC. THIS APPEAL, COMING ON FOR ADMISSION, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE and HON'BLE MRS. JUSTICE K.S. HEMALEKHA ORAL JUDGMENT (PER: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE) 1. The learned counsel appearing for the parties have filed a joint memorandum of settlement, inter alia, stating that the disputes - 3 - HC-KAR NC: 2026:KHC:32979-DB COMAP No. 427 of 2025 are settled and steps are being taken for withdrawal of the suit. They pray that in view of the settlement, the appeal may be disposed of as withdrawn. 2. In view of the above, the present appeal is disposed of. Sd/- (VIBHU BAKHRU) CHIEF JUSTICE Sd/- (K.S. HEMALEKHA) JUDGE SD List No.: 1 Sl No.: 17