IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 29TH DAY OF AUGUST 2019 BEFORE THE HON’BLE MR. JUSTICE ALOK ARADHE WRIT PETITION NO.15646/2018 (GM-RES) BETWEEN:
ASSOCIATE DECOR LTD.
A PUBLIC COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT PLOT NO.1, PHAVE IV, KIADB INDUSTRIAL AREA, HURALAGERE MALUR, KOLAR, KARNATAKA-563 160 IN REPRESENTED BY ITS AUTHORISED REPRESENTATIVE … PETITIONER (BY SRI PRADEEP NAYAK, ADVOCATE) AND:
1. CORPORATION BANK LTD.
A PUBLIC SECTOR SCHEDULE BANK HAVING ITS CORPORATE OFFICE AT MANGALADEVI TEMPLE ROAD PANDESHWAR MANGALORE – 575 001 KARNATAKA, INDIA AND HAVING ITS CORPORATE BANKING BRANCH AT: BHARATH HOUSE, #104 GROUND FLOOR, MS MARG MUMBAI – 400 023 REP. BY ITS BRANCH MANAGER 2. ASSISTANT COMMISSIONER OF COMMERCIAL TAXES LGSTO – 150, DGSTO – 5 3RD FLOOR, BMTC BUILDING YESHWANTHPUR BENGALURU – 560 022 3. YES BANK LIMITED HAVING ITS CORPORATE OFFICE AT NEHRU CENTRE, 9TH FLOOR DISCOVERY OF INDIA DR.A.B.ROAD, WORLI MUMBAI – 400 018 AND ALSO HAVING ITS BRANCH OFFICE AT: SHOP NO.G-01, 893 NOTAN CHAMBERS TURNER ROAD, BANDRA (W) MUMBAI – 400 050 REPRESENTED BY ITS MANAGING DIRECTOR … RESPONDENTS (BY SRI V.B.RAVISHANKAR, ADVOCATE FOR R1; SMT. PRATHIMA HONNAPURA, AGA FOR R2; R3-SERVED;
SRI JAYAM GOYAL FOR RESOLUTION PROFESSIONAL) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 & 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED LETTER DATED 15.03.2018 (ANNEXURE-A) ISSUED BY RESPONDENT NO.1 ALONG WITH ALL CONSEQUENT ACTIONS ARISING FROM THE SAME.
THIS WRIT PETITION COMING ON FOR PRELIMINARY HEARING IN ‘B’ GROUP THIS DAY, THE COURT MADE THE FOLLOWING:
O R D E R Learned counsel for resolution professional submits that the writ petition has rendered infructuous on account of efflux of time. Accordingly, the writ petition is dismissed as infructuous.
Sd/- JUDGE hkh.