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2026 DAILYLAW 38989 (KAR)

SHRIRAM PROPERTIES LIMITED v. KMK DEVELOPERS PRIVATE LIMITED

CMP/486/2024 · 2026-09-10

H T Narendra Prasad

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010601242024 NC: 2026:KHC:49251 CMP No. 486 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE H.T. NARENDRA PRASAD CIVIL MISC. PETITION NO. 486 OF 2024 BETWEEN: 1. SHRIRAM PROPERTIES LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT LAKSHMI NEELA RITE CHOICE CHAMBER NEW NUMBER 9, BAZULLAH ROAD T NAGAR, CHENNAI – 600017 REP. BY ITS AUTHORISED SIGNATORY MRS. R. SARANYA DEVI. 2. SHRIVISION TOWERS PRIVATE LIMITED NO. 31, 2ND MAIN ROAD T. CHOWDAIAH ROAD, SADASHIVNAGAR BANGALORE-560080 REP. BY ITS DIRECTOR MRS. R. SARANYA DEVI. …PETITIONERS (BY SRI. AJESH KUMAR S., ADVOCATE) AND: 1. KMK DEVELOPERS PRIVATE LIMITED A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 510 OUTER RING ROAD, HRBR LAYOUT 2ND BLOCK, KALYAN NAGAR Digitally signed by DHANALAKSHMI MURTHY Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010601242024 NC: 2026:KHC:49251 CMP No. 486 of 2024 BANGALORE-560 043 REP. BY ITS AUTHORIZED SIGNATORY MR. KOTTU MURALIKRISHNA. 2. ICONICA PROJECTS A PARTNERSHIP FIRM HAVING ITS OFFICE AT 510, OUTER RING ROAD, HRBR LAYOUT 2ND BLOCK, KALYAN NAGAR BANGALORE-560 043 REP. BY ITS AUTHORIZED SIGNATORY MR. KOTTU MURALIKRISHNA. 3. AKOSA VENTURES PRIVATE LIMITED A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 510 OUTER RING ROAD, HRBR LAYOUT, 2ND BLOCK KALYAN NAGAR, BANGALORE - 560 043 REP. BY ITS AUTHORIZED SIGNATORY MR. KOTTU MURALIKRISHNA. 4. GARDENCITY REALTY PRIVATE LIMITED A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 510 OUTER RING ROAD, HRBR LAYOUT 2ND BLOCK, KALYAN NAGAR BANGALORE-560 043 REP. BY ITS AUTHORIZED SIGNATORY MR. KOTTU MURALIKRISHNA. 5. CLEAN FOODS LIMITED A PRIVATE LIMITED COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 510 OUTER RING ROAD, HRBR LAYOUT 2ND BLOCK, KALYAN NAGAR BANGALORE-560 043 REP. BY ITS AUTHORIZED SIGNATORY MR. KOTTU MURALIKRISHNA. - 3 - HC-KAR CNR: KAHC010601242024 NC: 2026:KHC:49251 CMP No. 486 of 2024 6. GODREJ PROPERTIES LIMITED A PUBLIC LISTED COMPANY INCORPORATED UNDER THE COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT GODREJ ONE, 5TH FLOOR, PIROJSHA NAGAR EASTERN EXPRESS HIGHWAY, VIKHROLI (EAST) MUMBAI, MAHARASHTRA-400 079. HAVING ITS REGIONAL OFFICE AT LEVEL 10, PRESTIGE OBELISK NO. 3, KASTURBA ROAD BANGALORE, KARNATAKA- 560 001 REP. BY MR. MOHAMMED SAMIULLA. …RESPONDENTS (BY SRI. VIVEK HOLLA., ADVOCATE FOR R1 TO R5: SRI BADRI VISHAL, ADVOCATE FOR R6) THIS CIVIL MISC. PETITION IS FILED UNDER SECTION 11(6) OF THE ARBITRATION AND CONCILIATION ACT, 1996, PRAYING TO APPOINT A SOLE ARBITRATOR TO ADJUDICATE THE DISPUTES BETWEEN THE PARTIES HERETO IN PURSUANCE OF DISPUTE ARISING OUT OF FAILURE OF THE RESPONDENTS TO ACT IN ACCORDANCE WITH THE ASSIGNMENT AGREEMENT DATED 20/04/2023 AND THE ARBITRATION CLAUSE NO.12 CONTAINED THEREIN AS PER ANNEXURE-E AND ETC.. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE H.T. NARENDRA PRASAD ORAL ORDER 1. The learned counsel for the petitioners has filed a memo dated 10.09.2026 seeking leave of this Court to withdraw the petition. - 4 - HC-KAR CNR: KAHC010601242024 NC: 2026:KHC:49251 CMP No. 486 of 2024 2. The memo is placed on record. 3. Accordingly, the petition is dismissed as withdrawn. Sd/- (H.T. NARENDRA PRASAD) JUDGE HA LIST NO.: 1 SL NO.: 53