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2026 DAILYLAW 3783 (KAR)

M/S OPTO CIRCUIT INDIA LIMITED v. CENTRAL BUREAU OF INVESTIGATION

WP/22836/2022 · 2026-04-15

Lalitha Kanneganti

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Judgment text

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- 1 - HC-KAR NC: 2026:KHC:20346 WP No. 22836 of 2022 C/W WP No. 7 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF APRIL, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO.22836 OF 2022 (GM-RES) C/W WRIT PETITION NO.7 OF 2023 (GM-RES) IN WP No.22836/2022: BETWEEN: 1. M/S. OPTO CIRCUIT INDIA LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT HAVING ITS OFFICE AT NO.118 KASAVANAHALLI, SARJAPUR ROAD CARMELRAM POST, VARTHUR HOBLI BANGALORE - 562125 REPRESENTED BY ITS MANAGING DIRECTOR SRI SOMADAS G.C. …PETITIONER (BY SRI. MOHAMMED MUJASSIM, ADVOCATE) AND: 1. CENTRAL BUREAU OF INVESTIGATION (ACB) BY SUPERINTENDENT OF POLICE NO.36, BELLARY ROAD, GANGANAGAR BANGALORE – 560 032. Digitally signed by DEVIKA M Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:20346 WP No. 22836 of 2022 C/W WP No. 7 of 2023 2. STATE BANK OF INDIA ELECTRONIC CITY PHASE-II OFF HOSUR ROAD, BANGALORE-560 100 BY ITS BRANCH MANAGER. …RESPONDENTS (BY SRI. PRASANNA KUMAR P., ADVOCATE FOR R1; SRI. C.S.RAVISHANKAR, ADVOCATE FOR R2) THIS WRIT PETITON IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE R2 TO PERMIT OPERATION OF PETITIONER COMPANY BANK ACCOUNT OR PERMIT THE PETITIONER TO OPEN AND OPERATE A NEW BANK ACCOUNT. IN WP NO.7/2023: BETWEEN: 1. M/S OPTO CIRCUIT INDIA LIMITED A PUBLIC LIMITED COMPANY REGISTERED UNDER ] THE COMPANIES ACT, 1956 HAVING ITS OFFICE AT No.118 KASAVANAHALLI, SARJAPUR ROAD CARMELRAM POST, VARTHUR HOBLI BANGALORE-562 125 REPRESENTED BY ITS MANAGING DIRECTOR SRI. SOMADAS G.C. ...PETITIONER (BY SRI. MOHAMMED MUJASSIM, ADVOCATE) - 3 - HC-KAR NC: 2026:KHC:20346 WP No. 22836 of 2022 C/W WP No. 7 of 2023 AND: 1. M/S. ICICI BANK LIMITED HAVING ITS REGISTERED OFFICE AT NEAR CHAKLI CIRCLE OLD PADRA ROAD VADODARA-390 097 RESPRESENTED BY ITS LEGAL MANAGER SRI. VED BANSOD. 2. SRI. PANKAJ SRIVASTAVA INTERIM RESOLUTION PROFESSIONAL M/S. OPTO CIRCUIT INDIA LIMITED NO.5, 5TH CROSS, NAVYA NAGAR, JAKKUR BANGALORE-560 064. ...RESPONDENTS (BY SRI.FRANCIS XAVIER, ADVOCATE FOR R1; SMT. P.CHITHRA NIRMALA, ADVOCATE FOR R2) THIS WRIT PETITION IS FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH IMPUGNED ORDER 16.11.2022 PASSED IN C.P.(IB) NO.199/BB/2018 VIDE ANNEXURE-A AND TO DIRECT THE RESPONDENTS OR ANYONE ON THEIR BEHALF NOT TO CAUSE HINDERANCE FOR REJUVENATION OF PETITIONER COMPANY. THESE PETITIONS COMING ON FOR ORDERS THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 4 - HC-KAR NC: 2026:KHC:20346 WP No. 22836 of 2022 C/W WP No. 7 of 2023 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER A memo is filed in both the petitions seeking permission to withdraw the writ petitions. 2. The memos are taken on record. 3. Accordingly, the writ petitions are dismissed as withdrawn. All pending I.As., if any in the petitions shall stand closed. Sd/- (LALITHA KANNEGANTI) JUDGE ST List No.: 1 Sl No.: 8