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2026 DAILYLAW 28864 (KAR)

OFFICIAL LIQUIDATOR OF v. SRI. SHIVAKUMAR H.S.

CA/291/2023 · 2026-07-16

Jyoti M

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010533612023 NC: 2026:KHC:36394 CA No.291 of 2023 In COP No.43 of 1988 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. 291 OF 2023 IN COMPANY PETITION NO.43 OF 1988 BETWEEN: OFFICIAL LIQUIDATOR OF M/S SHREE KRISHNARAJENDRA MILLS LIMITED (IN LIQUIDATION) ATTACHED TO HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, NOS.26-27 12TH FLOOR, RAHEJA TOWERS, M.G.ROAD, BENGALURU-560001. …APPLICANT (BY MS. KRUTIKA RAGHAVAN, ADVOCATE FOR OL) AND: 1. SRI. SHIVAKUMAR H.S., VICE PRESIDENT OF M/S SANSAR INVESTMENT AND FINANCE PRIVATE LIMITED, K.R. MILLS COMPOUND, BENGALURU MYSORE ROAD, MYSURU-570003. 2. SMT. MEENAKSHI JAIN, W/O. VEER KUMAR JAIN, DIRECTOR OF M/S SANSAR INVESTMENT AND FINANCE PRIVATE LIMITED, K.R. MILLS COMPOUND,SIDDLINGAPURA, Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010533612023 NC: 2026:KHC:36394 CA No.291 of 2023 In COP No.43 of 1988 BENGALURU MYSORE ROAD, MYSURU-570003. 3. SRI. ARVIND SINGH YADAV, S/O. LATE HARIDWAR SINGH, DIRECTOR OF M/S. SANSAR INVESTMENT AND FINANCE PRIVATE LIMITED, NUMBER 03, BENGALURU-MYSURU ROAD, K.R. MILLS STAFF COLONY, RBI POST, MYSURU-570003. 4. SRI. R.YATHISH CHANDRA, LEGAL OFFICER OF M/S SANSAR INVESTMENT AND FINANCE PRIVATE LIMITED, K.R. MILL COMPOUND, SIDDALINGAPURA, BANGALURU MYSORE ROAD, MYSURU-570003. 5. THE COMMISSIONER OF POLICE OFFICE OF THE COMMISSIONER OF POLICE, NAZARBAD, MYSURU-570 010. 6. M/S. KARNATAKA STATE INDUSTRIAL INFRASTRUCTURE AND DEVELOPMENT CORPORATION LIMITED, (FORMERLY M/S KARNATAKA STATE INDUSTRIAL INVESTMENT AND DEVELOPMENT CORPORATION LIMITED), NO.49, EAST WING, KHANIJA BHAVAN, RACE COURSE ROAD, BENGALURU-01. REPRESENTED BY ITS GENERAL MANAGER. 7. M/S. ATLANTIC SPINNING AND WEAVING MILLS LIMITED (IN LIQUIDATION) 05, CHENOY TRADEM CENTRE, 116 PARKLANE, SECUNDERABAD-500003 - 3 - HC-KAR CNR: KAHC010533612023 NC: 2026:KHC:36394 CA No.291 of 2023 In COP No.43 of 1988 REPRESENTED BY ITS LIQUIDATOR, MRS. SUJATA CHATTOPADHYAYA. …RESPONDENTS (BY SRI. VENKATESH S.ARABATTI, ADVOCATE FOR R1 TO R4; SRI. T.P.VIVEKANDA, ADVOCATE FOR R6; SRI. K.P.YOGANNA, AGA FOR R5; VIDE COURT ORDER DATED 14.03.2025- SERVICE OF NOTICE TO R7 IN HELD SUFFICIENT) THIS COMPANY APPLICATION IS FILED UNDER RULE 6 AND 9 OF THE COMPANIES (COURT) RULES, 1959. 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 appeared in person and submits that in view of filing of C.A.97/2026, C.A.291/2023 may be dismissed as withdrawn. When queried, counsel for the Official Liquidator submits that a conscious decision is taken about the withdrawal of the application and if an order is passed the applicant shall not seek review of the order or modification of the order. The oral submission is placed on record. - 4 - HC-KAR CNR: KAHC010533612023 NC: 2026:KHC:36394 CA No.291 of 2023 In COP No.43 of 1988 As the counsel on record has taken a conscious decision about the withdrawal of the application, the application is dismissed as withdrawn. Sd/- (JYOTI M) JUDGE SS List No.: 2 Sl No.: 3