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2026 DAILYLAW 37138 (KAR)

CORNERSTONE PROPERTIES PVT LTD v. J C FLOWERS ASSET RECONSTRUCTION PVT LTD

WP/22092/2024 · 2026-08-29

Jyoti M

body2026

Judgment text

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- 1 - HC-KAR CNR: KAHC010473302024 NC: 2026:KHC:46771 WP No. 22092 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 29TH DAY OF AUGUST, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M WRIT PETITION NO. 22092 OF 2024 (GM-DRT) BETWEEN: 1. CORNERSTONE PROPERTIES PVT. LTD., A COMPANY REGISTERED UNDER THE COMPANIES ACT 1956, NO.583, 1ST CROSS, 9TH MAIN, OFF. CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560038 REPRESENTED BY ITS AUTHORIZED SIGNATORY/DIRECTOR. 2. SRI. BYAPANAHALLI PRABHAKAR REDDY KUMAR BABU, SON OF LATE PRABHAKARA MUNISWAMAPPA, AGED ABOUT 50 YEARS, OCC: BUSINESS, RESIDING AT SHREE VISHNU PAADAM, NO.132, 4TH MAIN, DEFENCE COLONY, INDIRANAGAR, BENGALURU-560038. …PETITIONERS (by SRI. INDIA S.PANCHAGAVI, ADVOCATE FOR SRI. SUNDARA RAMAN M.V., ADVOCATE) And: J.C.FLOWERS ASSET RECONSTRUCTION PVT. LTD., ACTING IN IT CAPACITY AS TRUSTEE OF JCF YES TRUST 2022/23-12 HAVING ITS REGISTERED ADDRESS AT UNIT NO.203-206, 2ND FLOOR, A WING, INSPIRE BKC, Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010473302024 NC: 2026:KHC:46771 WP No. 22092 of 2024 BANDRA KURLA COMPELX, MUMBAI-400051 REPRESENTED BY ITS AUTHORIZED SIGNATORY/MANAGER. …RESPONDENT (BY SRI. VIGNESH S.SHETTY, ADVOCATE) 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 Sri.India S.Panchagavi, counsel on behalf of Sri.Sundara Raman M.V., for the petitioners and Sri.Vignesh S.Shetty, counsel for the respondent appeared in person. Counsel for the petitioners submits that a memo has been filed stating that the petition may be disposed as withdrawn. When queried, counsel for the petitioners submits that a conscious decision is taken about the withdrawal of the petition and if an order is passed the petitioners shall not seek review of the order or modification of the order. Counsel, therefore, submits that the memo may be placed on record and the writ petition may be disposed as withdrawn. - 3 - HC-KAR CNR: KAHC010473302024 NC: 2026:KHC:46771 WP No. 22092 of 2024 The oral submission and the memo is placed on record. As the counsel on record has taken a conscious decision about the withdrawal of the petition, the Writ Petition is disposed as withdrawn. Because of disposal of the Writ Petition, all pending interlocutory applications if any are disposed of. Sd/- (JYOTI M) JUDGE SS List No.: 1 Sl No.: 11