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2026 DAILYLAW 31218 (KAR)

LISA APPERALS PVT LTD., v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD.,

WP/34137/2025 · 2026-07-27

Jyoti M

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010732162025 NC: 2026:KHC:39057 WP No. 34137 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF JULY, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M WRIT PETITION NO. 34137 OF 2025 (GM-DRT) BETWEEN: 1. LISA APPERALS PVT. LTD., OFFICE AT NO.191, 3RD CROSS, PANDURANGA NAGAR, OFF. BANNERUGHATTA ROAD, BENGALURU-560 076. REPRESENTED BY ITS MANAGING DIRECTOR, MR. R.SUBRAHMANYAM IYER. 2. MR. R.SUBRAHMANYAM IYER, AGED ABOUT 55 YEARS, OFFICE AT NO.191, 3RD CROSS, PANDURANGA NAGAR, OFF. BANNERUGHATTA ROAD, BENGALURU-560 076. AND ALSO AT NO.21, APARTMENT NO.202/203, MANTRI RESIDENCY, BANNERUGHATTA ROAD, OPP. MEENAKSHI TEMPLE, BENGALURU-560 076. 3. MRS. DESIMA SUBRAHMANYAM, W/O. MR.R. SUBRAHMANYAM IYER, AGED ABOUT 57 YEARS, OFFICE AT NO.191, 3RD CROSS, PANDURANGA NAGAR, OFF. BANNERUGHATTA ROAD, BENGALURU-560 076. Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010732162025 NC: 2026:KHC:39057 WP No. 34137 of 2025 AND ALSO AT NO.21, APARTMENT NO.202/203, MANTRI RESIDENCY, BANNERUGHATTA ROAD, OPP. MEENAKSHI TEMPLE, BENGALURU-560 076. …PETITIONERS (BY SMT. HARSHA G, WAGH, ADVOCATE FOR SRI. ASHOK B. PATIL, ADVOCATE) AND: THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD., FACTORING SERVICES, 2ND FLOOR, BASAVANAGUDI, BENGALURU-560 004. REPRESENTED BY OFFICER LEGAL/ AUTHORIZED OFFICER. …RESPONDENT (BY SRI. TRIMURTHI, ADVOCATE FOR C/R) THIS WRIT PETITION IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA, SEEKING CERTAIN RELIEFS. THIS WRIT PETITION IS LISTED FOR PRELIMINARY HEARING IN 'B' GROUP, THIS DAY, AN ORDER IS MADE AS UNDER: ORAL ORDER Smt.Harsha G.Wagh., counsel on behalf of Sri.Ashok.B.Patil., for the petitioners has appeared in person. - 3 - HC-KAR CNR: KAHC010732162025 NC: 2026:KHC:39057 WP No. 34137 of 2025 Counsel for the petitioners submits that a memo has been filed stating that the petition may be disposed of as having become infructuous. Counsel, therefore, submits that the memo may be placed on record and the petition may be disposed of as having become infructuous. When queried, counsel submits that a conscious decision is taken about infructuous of the petition. The oral submission and the memo is placed on record. The Writ Petition is disposed of as having become infructuous. Because of disposal of the petition, interim order granted if any stands discharged and pending interlocutory applications if any are disposed of. Sd/- (JYOTI M) JUDGE MRP List No.: 1 Sl No.: 69.1