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2026 DAILYLAW 45170 (KAR)

MR. YOGESH MEHRA v. M/S PEARL INSULATIONS PVT LTD.

WP/28950/2023 · 2026-10-05

V Srishananda

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR CNR: KAHC010684062023 NC: 2026:KHC:55369 WP No. 28950 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 5TH DAY OF OCTOBER, 2026 BEFORE THE HON'BLE MR. JUSTICE V SRISHANANDA WRIT PETITION NO. 28950 OF 2023 (GM-RES) BETWEEN: MR. YOGESH MEHRA AGED ABOUT 64 YEARS OFFICE AT WIND WORLD TOWER PLOT NO. A-9, CTS 700 VEERA INDUCTRIAL ESTATE, VEERA DESAI ROAD, ANDHERI WEST MUMBAI - 400 053. …PETITIONER (BY SRI. MANMOHAN P.N, ADVOCATE) AND: M/S. PEARL INSULATIONS PVT. LTD., A COMPANY REGISTERED UNDER THE PROVISIONS OF THE COMPANIES ACT HAVING ITS ADDRESS AT NO. 15/1/2, 20/1B KEMPALINGANAHALLI, NH48, KUNIGAL ROAD, NELAMANGALA TALUK BANGALORE - 562 123 REP. BY ITS AUTHORIZED REPRESENTATIVE/ DIRECTOR MR. VIKAS KARNAWAT. …RESPONDENT (BY SRI. SHARATH GOWDA G.B, ADVOCATE) Digitally signed by ASHWINI MAYAPPA MAVARAKAR Location: High Court of Karnataka - 2 - HC-KAR CNR: KAHC010684062023 NC: 2026:KHC:55369 WP No. 28950 of 2023 THIS WP IS FILED UNDER ARTICLE 227 OF THE CONSTITUTION OF INDIA R/W SEC. 482 OF THE CR.PC PRAYING TO QUASH THE ORDER DATED 12/10/2023 PASSED BY THE XXVIII ADDL. CHIEF METROPOLITAN MAGISTRATE COURT AT BENGALURU PASSED ON APPLICATION FILED BY PETITIONER UNDER SECTION 96 R/W 101 IBC, 2016 IN C.C. NO. 10494/2018 (PRODUCED AS ANNEXURE-A) AND CONSEQUENTLY, ALLOW THE APPLICATION FILED BY THE PETITIONER AS PRAYED FOR AND ETC., THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE V SRISHANANDA ORAL ORDER Learned counsel for the petitioner has filed a memo for withdrawal. The memo reads as under: "The Petitioner seeks kind leave of this Hon'ble Court to submit that the parties have arrived at an amicable settlement in terms of the consent terms filed on 10.08.2026 in CC No.10494/2018 pending before the Court of the XLII Additional Chief Metropolitan Magistrate, Bengaluru, and the learned Magistrate has passed an order dated 10.08.2026 recording the said settlement. - 3 - HC-KAR CNR: KAHC010684062023 NC: 2026:KHC:55369 WP No. 28950 of 2023 In view of the settlement arrived at between the parties, the subject matter of the present writ petition does not survive for consideration and the Petitioner does not wish to prosecute the writ petition any further. A copy of the order dated 10.08.2026 passed in C.C. No.10494/2018 along with the consent terms filed before the said Court is produced herewith for the kind perusal of this Hon'ble Court. Hence, the Petitioner humbly prays that this Hon'ble Court may be pleased to permit the Petitioner to withdraw the present writ petition and dispose of the same as withdrawn, in the interest of justice.” Placing the memo on record, petition is dismissed as withdrawn. Sd/- (V SRISHANANDA) JUDGE KAV List No.: 1 Sl No.: 15