- 1 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF OCTOBER, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M COMPANY APPLICATION NO. 249 OF 2025 IN COMPANY APPLICATION NO. 86 OF 2025 IN COMPANY APPLICATION NO. 33 OF 2024 IN COMPANY PETITION NO. 160 OF 2005 BETWEEN: COMMERCIAL TAX DEPARTMENT, GOVERNMENT OF TELANGANA, HYDERGUDA - ASHOK NAGAR CIRCLE, ABIDS DIVISION D. NO 5-4-435, 2ND FLOOR, OLD KAKTIYA BUILDING, NAMPALLY STATION ROAD, NAMPALLY, HYD- 500001 REPRESENTED BY ITS COMMERCIAL TAX OFFICER AND ASSISTANT COMMISSIONER (ST) …APPLICANT (BY SMT. GEETHIKA, ADVOCATE FOR SRI. MANU PRABHAKAR KULKARNI, ADVOCATE) AND: 1. OFFICIAL LIQUIDATOR OF BPL ENGINEERING LTD. ATTACHED TO HIGH COURT OF KARNATAKA, CORPORATE BHAVAN, NO.26-27, 12TH FLOOR, RAHEJA TOWERS, M.G. ROAD, BENGALURU- 560 001 Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 2. STRESSED ASSETS STABILIZATION FUND - SASF 3RD FLOOR, IDBI TOWER, WTC COMPLEX, CUFFE PARADE MUMBAI - 400 005 REPRESENTED BY ITS DY. GENERAL MANAGER MR. RAHUL KULKARNI 3. KOTAK MAHINDRA BANK LTD ASSETS RECONSTRUCTION DIVISION 5TH FLOOR, SAMSON TOWER NO.402-L, PANTHEON ROAD EGMORE, CHENNAI 600 008 REPRESENTED BY ITS EXECUTIVE VICE PRESIDENT MR. PARAG DHOLAKIA 4. HDFC BANK LTD DEPARTMENT FOR SPECIAL OPERATIONS 2ND FLOOR, ESEL CHAMBERS 7 AND 7/1, LALBAGH ROAD RICHMOND CIRCLE, BENGALURU-560 027 REPRESENTED BY ITS SENIOR MANAGER SRI. FRANCY RAJU 5. ASSET RECONSTRUCTION COMPANY (INDIA) LTD, (ARCIIL) THE RUBY, 10TH FLOOR 29, SENAPATHI BAPAT MARG DADAR (WEST) MUMBAI 400 028 REPRESENTED BY ITS CHIEF MANAGER SRI. ASHISH SHAHI 6. JAMMU AND KASHMIR BANK ZONAL OFFICE (SOUTH) UNION STREET OFF INFANTRY ROAD BENGALURU 560 001 - 3 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 REPRESENTED BY ITS CHIEF MANAGER MR. FARID AHMED KHAN 7. SICOM LIMITED SOLITAIRE CORPORATION PARK BUILDING NO.4, 6TH FLOOR GURU HARGOVINDJI ROAD (ANDHERI GHATKOPAL LINK ROAD) CHAKALA, ANDHERI (EAST) MUMBAI, MAHARASHTRA 400 093 REPRESENTED BY ITS ASST. MANAGER SRI. PRAMOD CHAUHAN 8. KSIIDC LIMITED KARNATAKA STATE INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED NO.49, KHANIJA BHAVAN 4TH FLOOR, EAST WING, RACE COURSE ROAD, BENGALURU 560 001 REPRESENTED BY ITS GENERAL MANAGER SRI. ESWARA 9. BANK OF BAHRAIN AND KUWAIT JOLLY MAKER CHAMBERS II GROUND FLOOR, 225 MARIMAN POINT, MUMBAI 400 021 REPRESENTED BY ITS LEGAL MANAGER SRI. NEMISH KUMAR 10. CANARA BANK, ARM I BRANCH ASSET RECONSTRUCTION DIVISION 2ND FLOOR, CIRCLE OFFICE, SPENCER TOWERS, NO.86, M.G. ROAD BENGALURU 560 001 - 4 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 REPRESENTED BY ITS CHIEF MANAGER SRI. PRASHANT PANDEY 11. STATE BANK OF INDIA ASSET RECOVERY MANAGEMENT BRANCH MYSORE BANK BUILDING, BKG COMPLEX A BLOCK, 2ND FLOOR, AVENUE ROAD BENGALURU 560 009 REPRESENTED BY ITS CHIEF MANAGER SRI. VENKATARAMAN DAS G 12. CENTRAL BANK OF INDIA MERCHANT BANKING DIVISION DEBENTURE TRUSTEE SECTION 4TH FLOOR, CEBTRAK BANK BUILDING M.G. ROAD, FORT, MUMBAI 400 028 REPRESENTED BY ITS AUTHORIZED OFFICER MR. A. KESHAV BANGERA 13. IFCI LIMITED IFCI BHAVAN, 4TH FLOOR 2, CUBBONPET MAIN ROAD N R SQUARE, BENGALURU 560 002 REPRESENTED BY ITS ASST. G. MANAGER SRI. P. SIVAKUMAR 14. ICICI BANK ICICI BANK TOWERS BANDRA KURLA COMPLEX BANDRA EAST, MUMBAI 400 051 REPRESENTED BY ITS LEGAL MANAGER …RESPONDENTS (BY SRI. SHRISHAIL NAVALGUND, ADVOCATE FOR OL) THIS COMPANY APPLICATION IS FILED UNDER SECTION 151 OF THE CODE OF CIVIL PROCEDURE, 1908 READ WITH RULES 6 AND 9 OF THE COMPANIES (COURT) RULES, 1959. - 5 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 THIS COMPANY APPLICATION IS LISTED FOR ORDERS, THIS DAY AN ORDER IS MADE AS UNDER: ORAL ORDER Smt.Geethika M.A., counsel on behalf of Sri.Manu Prabhakar Kulkarni, for the applicant and Sri.Shrishail Navalgund, counsel on behalf of Official Liquidator for respondents appeared in person. Counsel for the applicant submits that a memo is filed stating that application in CA 249/2025 may be disposed of as infructuous. Counsel therefore, submits that the memo may be placed on record and the application may disposed of as infructuous. Counsel for Official Liquidator submits that he has no objection for the same. Submission made by respective parties is placed on record. Memo is also placed on record. - 6 - HC-KAR CNR: KAHC010708212025 NC: 2026:KHC:54965 CA No. 249 of 2025 In CA No. 86 of 2025 In CA No. 33 of 2024 In COP No. 160 of 2005 The application in CA 249/2025 is disposed of as infructuous. SD/- (JYOTI M) JUDGE SS List No.: 1 Sl No.: 7