- 1 - HC-KAR CNR: KAHC010388472020 NC: 2026:KHC:36475 CA No. 321 of 2020 In COP No.77 of 1987 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 16TH DAY OF JULY, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M COMPANY APPLICATION NO.321 OF 2020 IN COMPANY PETITION NO.77 OF 1987 BETWEEN: THE OFFICIAL LIQUIDATOR OF M/S. SHREE CHAMUNDI MOPEDS LIMITED (IN LIQUIDATION) ATTACHED TO HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, NO 26-27, 12TH FLOOR, RAHEJA TOWERS, M.G. ROAD, BENGALURU-560001. …APPLICANT (BY MS. KRUTIKA RAGHAVAN, ADVOCATE FOR OL) AND: M/S. KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD, NO.14/3, 2ND FLOOR, R.P. BUILDING, NRUPATHUNGA ROAD, BENGALURU-560001. …RESPONDENT (BY SRI. B.B.PATIL, ADVOCATE) Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010388472020 NC: 2026:KHC:36475 CA No. 321 of 2020 In COP No.77 of 1987 THIS COMPANY APPLICATION IS FILED UNDER SECTION 446 OF THE COMPANIES ACT, 1956 READ WITH RULE 6 AND 9 OF THE COMPANIES (COURT) RULES, 1959 TO DIRECT M/S. KIADB TO EXECUTE AND REGISTER THE SALE DEED IN FAVOUR OF COMPANY IN LIQUIDATION. THIS COMPANY APPLICATION IS LISTED FOR ORDERS, THIS DAY AN ORDER IS MADE AS UNDER: ORAL ORDER Smt.Krutika Raghavan., counsel for the Official Liquidator and Sri.B.B.Patil., counsel for the respondent have appeared in person. 2. This application is filed to direct M/s.KIADB to execute and register the sale deed in favor of company in liquidation represented by the Official Liquidator. 3. Counsel for the respective parties urged several contentions. Heard the arguments and perused the papers with care. 4. As this Court in C.A.No.104/2003 has permitted the KIADB to take action to resume of possession of industrial plot Nos.1 and 2 of Hirehalli Industrial Area, Tumkur, measuring - 3 - HC-KAR CNR: KAHC010388472020 NC: 2026:KHC:36475 CA No. 321 of 2020 In COP No.77 of 1987 43346 Sq.mts. strictly inconsonance with the provisions of Section 34B of the KIADB Act, hence, question of seeking permission to execute a sale deed in favor of the Official Liquidator does not survive for consideration. Accordingly, the Company Application is dismissed. Sd/- (JYOTI M) JUDGE MRP List No.: 2 Sl No.: 13.2