- 1 - HC-KAR NC: 2026:KHC:1453 COP No. 42 of 2016 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ COMPANY PETITION NO. 42 OF 2016 BETWEEN: M/S MAGNIFICO MINERALS PRIVATE LIMITED HAVING ITS REGISTERED OFFICE AT 75, KHIRKI VILLAGE, MALVIYA NAGAR, NEW DELHI. REPRESENTED BY ITS CHIEF GENERAL MANAGER, FINANCE, SRI.RADHEY SHYAM AGGARWAL, S/O KALYAN CHAND AGGARWAL. …PETITIONER (BY SRI. SHIVARUDRAPPA SHETKAR.,ADVOCATE) AND: M/S SARAVANA ALLOYS STEELS PVT.LTD. 21/D, INDUSTRIAL SUBURB, II STAGE, YESHWANTHPURA, TUMKUR ROAD, BANGALORE-560022. REPRESENTED BY ITS DIRECTOR …RESPONDENT (BY SRI. SURAJ S.,ADVOCATE) THIS COMPANY PETITION IS FILED UNDER SECTIONS 433 (E)(F) WITH SECTION 434 (1)(A)(B) OF THE COMPANIES 1956 PRAYING TO PASS AN ORDER OF WINDING UP OF THE RESPONDENT COMPANY, SARAVANA ALLOYS STEELS PVT LIMITED, HAVING ITS REGISTERED OFFICE AT NO.21/D, INDUSTRIAL SUBURB, II STAGE, YESHWANTHPURA, TUMKUR ROAD, BANGALORE KARNATAKA, UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956; AND ETC., Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:1453 COP No. 42 of 2016 THIS COMPANY PETITION, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: w CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ ORAL ORDER 1. The Petitioner is before this Court seeking for the following reliefs: i. Pass an order of winding up of the Respondent Company, Saravan Alloy Steels Pvt. Limited, having its registered office at No. 21/D, Industrial Suburb, II Stage, Yeshwanthpura, Tumkur Road, Bangalore Karnataka, under the provisions of the Companies Act, 1956; ii. Pass an order appointing an Official Liquidator attached to this Hon’ble Court as Liquidator of the Respondent Company with all powers under the Companies Act, 1956 including to take charge of the all assets, business affairs, accounts etc, and conduct its affairs and business in course of winding up and to distribute its assets in accordance with law; iii. For such other orders as the Hon’ble Court deemed fit on the facts and circumstances of the case including costs of this petition in the ends of justice. 2. During the pendency of the above matter, the Petitioner itself is undergoing a resolution process, and one Mr. Anil Kohli had been appointed as a Resolution Professional. Subsequently, Mr. Kohli has resigned, and Mr. Manish Agarwal has been - 3 - HC-KAR NC: 2026:KHC:1453 COP No. 42 of 2016 appointed as a new Resolution Professional, who has, by way of the email dated 10.12.2025, authorized Mr. Shivarudrappa Shetkar to appear in the present matter. 3. Mr. Shivarudrappa Shetkar, who had earlier appeared for the Petitioner, is now appearing for the Resolution Professional. He submits that he has no objections for the matter to be transferred to the National Company Law Tribunal (NCLT) pursuant to the order dated 31.10.2025 passed by the Hon’ble Division Bench of this Court in OSA No.5/2024. 4. Considering that the said order in OSA was passed by the behest of the Respondent and now the Resolution Professional has no objection for the transfer, Registry is directed to transfer the file to the NCLT. 5. The petition, insofar as this Court is concerned for audit purposes, is deemed to have been disposed. - 4 - HC-KAR NC: 2026:KHC:1453 COP No. 42 of 2016 6. Registry is directed to forward the papers to the NCLT such that it is received by the NCLT on or before 30.01.2026. 7. The Petitioner and the Respondent shall appear before the NCLT without requirement of any further notice on 12.02.2026 Sd/- (SURAJ GOVINDARAJ) JUDGE KTY List No.: 1 Sl No.: 6