NORTHROOF VENTURES PRIVATE LIMITED v. UNION OF INDIA
WP/946/2023 · 2026-07-14
Jyoti M
body2026
DailyLaw.ai
[ 2026 DAILYLAW 28188 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 28188 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:35581 WP No. 946 of 2023
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14TH DAY OF JULY, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M WRIT PETITION NO. 946 OF 2023 (GM-DRT) BETWEEN:
1. NORTHROOF VENTURES PRIVATE LIMITED FORMERLY KNOWN AS NHDPL SOUTH PVT. LTD., A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.110, 'B' WING, LEVEL I, ANDREWS BUILDING, M.G. ROAD, BENGALURU-560001. REPRESENTED BY ITS AUTHORIZED SIGNATORY SATHISH KUMAR. …PETITIONER (BY SRI. SRIKANTH, ADVOCATE FOR SMT. SUMANA NAGANAND, ADVOCATE)
AND:
1. UNION OF INDIA REPRESENTED THROUGH ITS SECRETARY DEPARTMENT OF FINANCIAL SERVICES MINISTRY OF FINANCE HAVING ITS OFFICE AT 3RD FLOOR, JEEVAN DEEP BUILDING, SANSAD MARG, NEW DELHI, DELHI-110001. 2. THE MANAGER YES BANK LTD., A COMPANY INCORPORATED UNDER THE PROVISIONS OF
Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:35581 WP No. 946 of 2023
THE COMPANIES ACT, 1956 AND A BANKING COMPANY UNDER SECTION 5(C) OF THE BANKING REGULATION ACT 1949 HAVING ITS OFFICE AT GROUND FLOOR, PRESTIGE OBELISK, KASTURBA ROAD, BENGALURU-560001. AND ALSO AT YES BANK TOWER, IFC 2, 15TH FLOOR, SENAPATI BAPAT MARG, ELPHINSTONE (W), MUMBAI-400013. 3. NEL HOLDINGS SOUTH LIMITED, A COMAPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT 1956, HAVING ITS REGISTERED OFFICE AT NO.110, LEVEL I, ANDREWS BUILDING, M.G. ROAD, BENGALURU-560001. REPRESENTED BY ITS MANAGING DIRECTOR. 4. MR. NITESH SHETTY, NO.6A, NITESH MAYFAIR 31, KASTURABA ROAD CROSS NEAR BRITISH LIBRARY, BENGALURU-560001. 5. VISTRA (ITCL) INDIA LIMITED, HAVING ITS REGISTERED OFFICE AT IL AND FS FINANCIAL CENTREPLOT, NO.C22, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST MUMBAI-400051. HAVING ITS CORPORATE OFFICE AT A1-LATHEEF 1ST FLOOR, NO.2, UNION STREET, OFF INFANTRY ROAD, BENGALURU-560001. - 3 -
HC-KAR NC: 2026:KHC:35581 WP No. 946 of 2023
REPRESENTED BY ITS MANAGING DIRECTOR. …RESPONDENTS (BY SRI. KUMAR M.N., C.G.C., FOR R1;
SMT. MOULYA SUBBARAMAIAH, ADVOCATE FOR SMT. POORNIMA HATTI, ADVOCATE FOR R2;
R3 AND R4 ARE SERVED BUT UNREPRESENTED)
THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, SEEKING CERTAIN RELIEFS.
THIS WRIT PETITION IS LISTED FOR ORDERS, THIS DAY, AN ORDER IS MADE AS UNDER:
ORAL ORDER Smt.Suman Naganand., counsel for the petitioner appeared in person, Sri.Kumar M.N., CGC for respondent No.1 appeared through video conferencing, Smt.Moulya Subbaramaiah., counsel on behalf of Smt.Poornima Hatti., counsel for respondent No.2 appeared in person. Counsel for the petitioner submits that a memo has been filed stating that the matter is settled out of the Court between the petitioner and respondent No.2. Hence, the petition may be disposed of as having settled out of the Court. - 4 -
HC-KAR NC: 2026:KHC:35581 WP No. 946 of 2023
Counsel for respondent No.2 on instruction submits that she has no objection for the Court to dispose of the petition as settled out of the Court. Submission is noted. Memo is placed on record. Petition is disposed of as settled between the petitioner and respondent No.2. Ordered accordingly. Because of disposal of the Writ Petition, interim order granted if any stands discharged and pending interlocutory applications if any are disposed of. Sd/- (JYOTI M) JUDGE
SS List No.: 1 Sl No.: 24