KIRLOSKAR INVESTMENTS AND FINANCE LTD v. THE RESERVE BANK OF INDIA
CA/1155/2007 · 2026-01-30
Suraj Govindaraj
body2026
DailyLaw.ai
[ 2026 DAILYLAW 49181 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 49181 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:7972 CA No. 1155 of 2007 A/W CA No. 202 OF 2008 IN COP No. 2 OF 2000
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 30TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ COMPANY APPLICATION NO. 1155 OF 2007 A/W COMPANY APPLICATION NO. 202 OF 2008 IN COMPANY PETITION NO. 2 OF 2000 IN CA NO. 1155 OF 2007 BETWEEN:
KIRLOSKAR INVESTMENTS AND FINANCE LTD A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT 2ND FLOOR, 'C' BLOCK, UNITY BUILDINGS, J C ROAD, BANGALORE-02 REP BY THE COMMITTEE OF MANAGEMENT
…APPLICANT (BY SRI. POOVAYYA & CO.,ADVOCATE)
AND:
THE RESERVE BANK OF INDIA A STATUTORY CORPORATION ESTABLISHED UNDER THE RBI ACT, 1934 HAVING ITS CENTRAL OFFICE AT CENTRAL OFFICE BUILDNG SHAHID BHAGAT SINGH MARG, MUMBAI 400001 AND BRANCHES, INTER ALIA AT NO.10/3/8,NRUPATHUNGA ROAD, BANGALORE-01
…RESPONDENT (BY SMT. KRUTHIKA RAGHAVAN., ADVOCATE FOR O.L.)
Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:7972 CA No. 1155 of 2007 A/W CA No. 202 OF 2008 IN COP No. 2 OF 2000
THIS COMPANY APPLICATION IS FILED UNDER RULE 9 OF THE COMPANIES (COURT) RULES, 1959 PRAYING THE COMMITTEE OF MANAGEMENT SHALL BE EXTENDING THE SERVICES OF THE TEMPORARY STAFF/RETAINERS MENTIONED ABOVE TILL END OF OCTOBER 2007 IN ANTICIPATION OF APPROVAL BY THIS HON’BLE COURT. IN CA NO. 202 OF 2008 BETWEEN:
KIRLOSKAR INVESTMENTS AND FINANCE LTD A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT 1956 HAVING ITS REGISTERED OFFICE AT 2ND FLOOR, 'C' BLOCK, UNITY BUILDINGS, J C ROAD, BANGALORE-02 REP BY THE COMMITTEE OF MANAGEMENT
…APPLICANT (BY SRI. POOVAYYA & CO.,ADVOCATE)
AND:
THE RESERVE BANK OF INDIA A STATUTORY CORPORATION ESTABLISHED UNDER THE RBI ACT, 1934 HAVING ITS CENTRAL OFFICE AT CENTRAL OFFICE BUILDNG SHAHID BHAGAT SINGH MARG, MUMBAI 400001 AND BRANCHES, INTER ALIA AT NO.10/3/8,NRUPATHUNGA ROAD, BANGALORE-01
…RESPONDENT (BY SMT. KRUTHIKA RAGHAVAN., ADVOCATE FOR O.L.)
THIS COMPANY APPLICATION IS FILED UNDER RULE 9 OF THE COMPANIES (COURT) RULES, 1959 PRAYING TO TAKE ON RECORD THE REPROT SUBMITTED BY THE COMMITTEE, APPROVE THE ACTIONS OF THE COMMITTEE AND PASS SUCH ORDERS AS THIS HON’BLE COURT MAY DEEM FIT AND NECESSARY IN THE CIRCUMSTANCES OF THE CASE IN THE INTEREST OF JUSTICE.
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HC-KAR NC: 2026:KHC:7972 CA No. 1155 of 2007 A/W CA No. 202 OF 2008 IN COP No. 2 OF 2000
THESE COMPANY APPLICATIONS, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ
ORAL ORDER
1. CA No.1155/2007 had been filed, seeking for the following: Committee of Management shall be extending the services of the temporary staff/retainers mentioned above till end of October 2007 in anticipation of approval by this Hon’ble Court. 2. CA No.202/2008 has been filed seeking for the following reliefs; Please to take on record the report submitted by the committee, approve the actions of the Committee and pass such orders as this Hon’ble Court may deem fit and necessary in the circumstances of the case in the interest of justice. 3. CA No.1155/2007 has been filed to place on record the 24th quarterly report. The same is taken on record. CA No.1155/2007 is allowed. - 4 -
HC-KAR NC: 2026:KHC:7972 CA No. 1155 of 2007 A/W CA No. 202 OF 2008 IN COP No. 2 OF 2000
4. CA No.202/2008 has been filed to place on record the 26th quarterly report. The same is taken on record. CA No.202/2008 is allowed. Sd/- (SURAJ GOVINDARAJ) JUDGE
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