- 1 - HC-KAR CNR: KAHC010567112026 NC: 2026:KHC:47334-DB MFA No. 6135 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF SEPTEMBER, 2026 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE T.P.VIVEKANANDA MISCELLANEOUS FIRST APPEAL NO.6135 OF 2026 (SFC) BETWEEN: 1. KARNATAKA STATE FINANCIAL CORPORATION NO.1/1 THIMMAIAH ROAD, BANGALORE-560052. REPRESENTED BY ITS DEPUTY GENERAL MANAGER (H.P AND F.S.) 2. THE DEBENTURE TRUSTEE KARNATAKA STATE FINANCIAL CORPORATION NO.1/1 THIMMAIAH ROAD, BANGALORE-560052. REPRESENTED BY ITS MANAGER (DTC). …APPELLANTS (BY SRI. P. S. MALIPATIL, ADVOCATE) AND: 1. M/S PENINSULA MILLING CO. LTD. BY ITS MANAGING DIRECTOR NO.37, BASAPPA ROAD SHANTHINAGAR, BANGALORE-560027. 2. SRI. SANJAY BANSAL S/O LATE D R BANSAL AGE: 43 YEARS Digitally signed by RAKSHA Location: High Court of Karnataka - 2 - HC-KAR CNR: KAHC010567112026 NC: 2026:KHC:47334-DB MFA No. 6135 of 2026 NO.37, BASAPPA ROAD, SHANTHINAGAR, BANGALORE-560027. 3. SRI. ANJAY BANSAL S/O LATE D R BANSAL AGE: 40 YEARS NO.37, BASAPPA ROAD, SHANTHINAGAR, BANGALORE-560027. 4. SRI. Y D PANDEY S/O LATE SRI PANDE AGED: 78 YEARS NO.37, BASAPPA ROAD SHANTHINAGAR, BANGALORE-560027. 5. SMT ANURADHA BANSAL W/O SRI. SANJAY BANSAL AGE: 40 YEARS NO.101, VI BLOCK KORAMANGALA, BANGALORE-560034. 6. SMT PUSHPA BANSAL W/O SRI. DR BANSAL AGE: 62 YEARS NO.759, 100 FEET ROAD INDIRANAGAR, BANGALORE-560001 …RESPONDENTS THIS MFA IS FILED U/S 32(9) OF STATE FINANCIAL ACT, 1951, AGAINST THE JUDGMENT AND DECREE DATED 23.03.2026 PASSED IN COM.MISC.NO. 90/2023 ON THE FILE OF THE LXXXII ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU (CCH-83), DISMISSING THE PETITION FILED UNDER SECTION 31(1)(aa) AND 32 OF STATE FINANCIAL CORPORATION ACT, 1951. - 3 - HC-KAR CNR: KAHC010567112026 NC: 2026:KHC:47334-DB MFA No. 6135 of 2026 THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE MR. JUSTICE T.P.VIVEKANANDA ORAL JUDGMENT (PER: HON'BLE MRS. JUSTICE ANU SIVARAMAN) The learned counsel appearing for the appellants submits that the appeal arises from an order dated 23.03.2026 passed by the Commercial Court in Com.Misc.No.90/2023 and that the appeal therefore has to be re-numbered as a Commercial Appeal. It is submitted that the provisions of Section 13(1-A) of the Commercial Courts Act, 2015 read with Section 32(9) of the State Financial Corporations Act, 1951 would provide for maintainability of this appeal before this Court as a Commercial Appeal. 2. In the above view of the matter, the request made by the learned counsel for the appellants is allowed. The appeal is permitted to be re-numbered as a - 4 - HC-KAR CNR: KAHC010567112026 NC: 2026:KHC:47334-DB MFA No. 6135 of 2026 Commercial Appeal. The Miscellaneous First Appeal is disposed of for statistical purposes. Sd/- (ANU SIVARAMAN) JUDGE Sd/- (T.P.VIVEKANANDA) JUDGE RAK, List No.: 1 Sl No.: 9