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2026 DAILYLAW 47629 (KAR)

MR. VINAYA PRASAD. K v. M/S. NETWORTH STOCK BROKING LTD.

MFA/928/2021 · 2026-01-28

Jyoti M

body2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:4514 MFA No. 928 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MS. JUSTICE JYOTI M MISCELLANEOUS FIRST APPEAL NO. 928 OF 2021 (AA) BETWEEN: MR. VINAYA PRASAD K S/O SRI. K.S. BHAT AGED ABOUT 43 YEARS KUNJARUGIRI, UDUPI KARNATAKA-574 105 …APPELLANT (BY SRI. GOVINDARAJ K. JOISA, ADVOCATE) AND: 1. M/S. NETWORTH STOCK BROKING LTD HEAD OFFICE AT FORT MUMBAI AT D C SILK MILLS COMPOUND 2ND FLOOR, KONDIVITA ROAD J.B.NAGAR, ANDHERI (EAST) MUMBAI-400 059 BRANCH OFFICE AT SHREE RAM ARCADE GROUND FLOOR OPP. HEAD POST OFFICE UDUPI-576 101 2. C. RANGASWAMI ARBITRATOR C/O NATIONAL STOCK EXCHANGE D.NO.123-124, NUNGAMBAKKAM HIGH ROAD NUNGAMBAKKAM CHENNAI-600 034 Digitally signed by PREMCHANDRA M R Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:4514 MFA No. 928 of 2021 3. NATIONAL STOCK EXCHANGE OF INDIA LTD, 2ND FLOOR ISPHAHANI CENTRE, D.NO.123-124 NUNGAMBAKKAM HIGH ROAD NUNGAMBAKKAM CHENNAI-600 034 …RESPONDENTS (BY SRI. DEVENDRA KUMAR AND SRI. KEMPARAJU, ADVOCATES FOR R1; VIDE ORDER DATED 29.06.2021 NOTICE TO R2 IS DISPENSED WITH; R3 SERVED AND UNREPRESENTED) THIS MISCELLANEOUS FIRST APPEAL IS FILED UNDER SECTION 37(1)(c) OF THE ARBITRATION AND CONCILIATION ACT, 1996. THIS MISCELLANEOUS FIRST APPEAL IS LISTED FOR ADMISSION, THIS DAY, THE JUDGMENT IS DELIVERED AS UNDER: ORAL ORDER Sri.Govindaraj K.Joisa., counsel for the appellant has appeared in person. Counsel for the appellant submits that a memo has been filed stating that the appeal may be dismissed as withdrawn. Counsel, therefore, submits that the memo may be placed on record and the appeal may be dismissed as withdrawn. When queried, counsel for the appellant submits that a conscious decision is taken about the withdrawal of the appeal. - 3 - HC-KAR NC: 2026:KHC:4514 MFA No. 928 of 2021 The oral submission and the memo is placed on record. The Miscellaneous First Appeal is dismissed as withdrawn. Because of dismissal of the appeal, interim order granted if any stands discharged and pending interlocutory applications if any are disposed of. SD/- (JYOTI M) JUDGE MRP List No.: 1 Sl No.: 41