PURUSHOTHAM GOCULDAS PLYWOOD v. VASOO BUILDERS PRIVATE LIMITED
COP/169/2014 · 2026-01-09
Suraj Govindaraj
body2026
DailyLaw.ai
[ 2026 DAILYLAW 49493 (KAR) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 49493 (KAR) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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HC-KAR NC: 2026:KHC:1454 COP No. 169 of 2014
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. 169 OF 2014 BETWEEN:
PURUSHOTHAM GOCULDAS PLYWOOD CO. PRIVATE LIMITED, A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT 189, W, HIGHWAY ARCADE, 3RD FLOOR, TEEKAY THANA, KANNUR 670002 KERALA,
AND HAVING ITS BRANCH AT NO.9, FIRST MAIN, FIRST BLOCK, R.T. NAGAR, BANGALORE 560032 REPRESENTED HEREIN BY ITS AUTHORIZED SIGNATORY, MR KULIN LAXMIKANT
…PETITIONER (BY SRI. ADITYA NARAYAN., ADVOCATE-ABSENT)
AND:
1.
VASOO BUILDERS PRIVATE LIMITED A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT HAMDH COURT, 13 1ST FLOOR, MOTHER THERESA ROAD, AUSTIN TOWN, 1ST STAGE, BANGALORE 560047 AND HAVING CORPORATE OFFICES AT:
29/1, KAVERIAPPA LAYOUT, MILLERS TANK BUND ROAD, BANGALORE 560052 REPRESENTED HEREIN BY ITS MANAGING DIRECTOR
Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA
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HC-KAR NC: 2026:KHC:1454 COP No. 169 of 2014
2.
UTTAM SAGAR DEVELOPMENT & CONSTRUCTION PRIVATE LIMITED, HAVING ITS REGISTERED OFFICE AT FLAT NO.S-02, ALFRED PLACE, NO.25, ALFRED STREET, RICHMOND TOWN, BANGALORE 560025 REPRESENTED HEREIN BY ITS DIRECTOR
…RESPONDENTS
(BY SRI. V/O DTD 11/08/15 NOTICE TO R1 & R2 ARE H/S)
THIS COMPANY PETITION IS FILED UNDER SECTIONS 433, 434 AND 439 OF THE COMPANIES ACT, 1956 PRAYING TO ORDER AND DIRECT THAT THE RESPONDENT NO.1, VASOO BUILDERS PRIVATE LIMITED, BE WOUND UP BY AND UNDER THE ORDERS AND DIRECTIONS OF THIS HON'BLE COURT; AND ETC;
THIS COMPANY PETITION, COMING ON FOR HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ
ORAL ORDER
1. The Petitioner is before this Court seeking for the following reliefs: i.
Order and direct that the Respondent No.1, Vasoo Builders Private Limited, be wound-up by and under the orders and directions of this Hon’ble Court; ii. Appoint the Official Liquidator attached to this Hon’ble Court, or some other fit and proper person be appointed as the Liquidator of the Respondent No.1, Vasoo Builders Private Limited, to conduct its affairs in the course of winding up and to distribute its assets in accordance with law and with all powers under the Companies Act, 1956; iii. Grant the petitioner costs of this Petition; and
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HC-KAR NC: 2026:KHC:1454 COP No. 169 of 2014
iv. Pass such other and further orders as this Hon’ble Court may deem fit; in the interests of justice and equity.
2. A memo of retirement has been filed by the learned counsel for the petitioner, enclosing a notice dated 04.07.2024, registered receipts, as also a postal track record.
3. Accepting the said memo of retirement and the statement made therein that the learned counsel for the petitioner has not received any response from his client. The said memo is allowed.
4. Sri Aditya Narayan, learned counsel, is discharged from the matter.
5. When apparently no instructions have been received by the learned counsel, a memo of retirement having been filed on 28.08.2024, notice having been earlier issued on 07.07.2024, no arrangements for being represented having been made by the petitioner, I am of the considered opinion that the petitioner is
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HC-KAR NC: 2026:KHC:1454 COP No. 169 of 2014
not interested in prosecuting the matter, and the petition is dismissed for non-prosecution.
Sd/- (SURAJ GOVINDARAJ) JUDGE
KTY List No.: 1 Sl No.: 28