- 1 - HC-KAR CNR: KAHC010067702026 NC: 2026:KHC:36863 WP No. 3017 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ WRIT PETITION NO.3017 OF 2026 (GM-RES) BETWEEN: ASHOK KUMAR, SUSPENDED DIRECTOR OF M/S OLYMPIC SPORTWARE AND AND EQUIPMENT PVT. LT., (IN LIQUIDATION), REGISTERED OFFICE AT PLOT NO.9, 4TH PHASE, BOMMASANDRA INDUSTRIAL AREA (SUB-LAYOUT), HOSUR ROAD, BENGALURU - 560 099. …PETITIONER (BY SRI. KUSHAL K.KOUSHIK, ADVOCATE) AND: 1. MV SUDARSHAN, LIQUIDATOR OF M/S. OLYMPIC SPORTWARE AND EQUIPMENT PVT. LTD., APPOINTED VIDE ORDER DATED 11.06.2025 IN CP(IB) NO.31/BB/2022, FLAT NO.E-726, BRIGADE MOUNTAIN VIEW, OOTY ROAD, MYSURU - 570 004. Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010067702026 NC: 2026:KHC:36863 WP No. 3017 of 2026 2. M/S. OLYMPIC SPORTWARE AND EQUIPMENT PVT. LTD., CIN: U36931KA1989PTC009742, PLOT NO.9, 4TH PHASE, BOMMASANDRA INDUSTRIAL AREA (SUB-LAYOUT), HOSUR ROAD, BENGALURU - 560 099. 3. COMMITTEE OF CREDITORS, THROUGH ITS AUTHORISED REPRESENTATIVE CHAIRMAN: MR. MV SUDARSHAN, OFFICE AT: FLAT NO.E726, BRIGADE MOUNTAIN VIEW, OOTY ROAD, MYSURU - 570 004. 4. COSMOS CO-OP. BANK LTD., BANASWADI BRANCH, NO.54/81, B CHANNASANDRA, 5TH MAIN ROAD, NEXT TO SRR KALYANA MANTAPA, KASTURI NAGAR, BENGALURU - 560 043. …RESPONDENTS THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO 1. SET ASIDE THE ENTIRE SALE PROCESS CONDUCTED BY THE 1ST RESPONDENT FOR BEING VITIATED BY PROCEDURAL VIOLATIONS AND DENIAL OF NATURAL JUSTICE ANNEXURE - A AND ETC., THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR CNR: KAHC010067702026 NC: 2026:KHC:36863 WP No. 3017 of 2026 CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The petitioner is before this Court seeking for the following reliefs: “WHEREFORE, the Petitioner most respectfully prays that this Hon'ble Tribunal may be pleased to: 1. Set aside the entire sale process conducted by the 1st Respondent for being vitiated by procedural violations and denial of natural justice. (ANNEXURE-A) 2. Declare the sale as null and void ab initio for non-compliance with mandatory provisions. 3. Declare the sale deed executed by the Liquidator in favour of the auction purchase as null and void. 4. Direct refund of the sale consideration to the purchaser with interest. 5. Initiate disciplinary proceedings against the Liquidator for gross procedural violations. 6. Award compensation for illegal dispossession and mental harassment. 7. Grant costs of this application. - 4 - HC-KAR CNR: KAHC010067702026 NC: 2026:KHC:36863 WP No. 3017 of 2026 8. Pass any other order(s) as this Hon'ble Tribunal deems fit and proper in the facts and circumstances.” 2. After arguing the matter for some time, learned counsel for the petitioner submits that the petitioner's interest would be protected, if the National Company Law Tribunal is directed to consider I.A. (filing No) No.2176/2025. 3. The National Company Law Tribunal is directed to consider and pass necessary orders on I.A.(filing No) No.2176/2025 in accordance with law. 4. Accordingly, the writ petition stands disposed of. Sd/- (SURAJ GOVINDARAJ) JUDGE PB List No.: 1 Sl No.: 2