- 1 - HC-KAR NC: 2026:KHC:23383 WP No. 29491 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF APRIL, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI WRIT PETITION NO. 29491 OF 2024 (GM-DRT) BETWEEN: 1. IPAC PAPER BOARDS (INDIA) PRIVATE LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT 5TH KM, BATHLANGUNDU ROAD, PITHAIAIPATTY POST, DINDIGUL- 624 001 AND BRANCH OFFICE AT 559, RMV 2ND STAGE, NEW BEL ROAD, BENGALURU -560 094, REPRESENTED HEREIN BY ITS DIRECTOR- VIKRAM BALARAMAN 2. VIKRAM BALARAMAN SON OF DR. K. BALARAMAN, AGED ABOUT 40 YEARS, RESIDING AT NO.559, RMV 2ND STAGE, NEW BEL ROAD, BENGALURU -560 094 3. DR. K. BALARAMAN SON OF LATE V.L KRISHNASWAMY, AGED ABOUT 72 YEARS, RESIDING AT NO.559, RMV 2ND STAGE, NEW BEL ROAD, BENGALURU-560 094 Digitally signed by SUVARNA T Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:23383 WP No. 29491 of 2024 4. DHAMODHARAN SON OF M.P. VEERAPPA NAICKER, AGED ABOUT 61 YEARS, RESIDING AT SRI LAKSHMI INDUSTRIES COMPOUND BATHLANGUDU ROAD, PITHALAIPATTY POST, DINDIGUL -624 001 …PETITIONERS (BY SRI. SANJAY H SETHIYA, ADVOCATE) AND: KOTAK MAHINDRA BANK LIMITED A BODY CORPORATE CONSTITUTED UNDER THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980 HAVING ITS REGISTERED OFFICE AT 27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI – 400 051 AND BRANCH OFFICE AT NO. 3, DAS INDIA TOWERS, 2ND FLOOR, 2ND LINE BEACH, PARRY'S CORNER, CHENNAI -600 001 …RESPONDENT (BY SRI. ACHAL ANAND V.J., ADVOCATE) THIS WP IS FILED UNDER ARTICLE 226 AND 227 OF THE CONSTITUTION OF INDIA, PRAYING TO SET ASIDE THE ORDER DATED 23.09.2024 PASSED BY HON’BLE DRT, AS UNDER ANNEXURE-A TO GRANT COSTS OF THE PROCEEDINGS. THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:23383 WP No. 29491 of 2024 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER Both counsels submit that the writ petition has become infructuous. 2. Accordingly, the writ petition is dismissed as infructuous. 3. Pending IAs., if any, shall stand closed. SD/- (LALITHA KANNEGANTI) JUDGE PKN List No.: 1 Sl No.: 58