IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF JULY, 2019 BEFORE THE HON’BLE MR. JUSTICE ALOK ARADHE WRIT PETITION NOs.25907/2018 & 26005-26009/2018(GM-RES) BETWEEN:
1. ASSOCIATE DECOR LTD A PUBLIC COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT PLOT NO.1, PHASE IV, KIADB INDUSTRIAL AREA, HURALAGERA MALUR, KOLAR, KARNATAKA – 563 160 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE SACHIN SHETGE.
2. ASSOCIATE HOLDINGS PVT. LTD., A PRIVATE COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 HAVING ITS REGISTERED OFFICE AT NO.15, HILL ROAD, BANDRA WEST MUMBAI - 400 050 REPRESENTED BY ITS AUTHORISED REPRESENTATIVE SIDARRTHA AGICHA.
3. MANOHARLAL SATRAMDAS AGICHA AGED 74 YEARS RESIDING AT “THE AGICHA’S’, 6 MASTER VINAYAK ROAD, BANDRA (W) MUMBAI – 400 050.
4. MOHAMED FAROUK SULEMAN DARVESH AGED 66 YEARS RESIDING AT “HOOR MANZIL”, 7 PERRY CROSS ROAD, BANDRA (W) MUMBAI – 400 050.
5. SRICHAND SATRAMDAS AGICHA AGED 68 YEARS RESIDING AT “THE AGICHA’S”, 6 MASTER VINAYAK ROAD, BANDRA (W) MUMBAI – 400 050.
6. MS. SHABANA OSMAN DARVESH AGED 53 YEARS “HOOR MANZIL”, 7 PERRY CROSS ROAD, BANDRA (W) MUMBAI – 400 050.
R-3 TO 6 BEING REPRESENTED BY THEIR GPA HOLDER SACHIN MISAL.
... PETITIONERS (BY SMT. VARSHA SHIVANAGOWDA., ADVOCATE FOR SRI. PRADEEP NAYAK., ADVOCATE) AND:
1. CORPORATION BANK LTD A PUBLIC SECTOR SCHEDULED COMMERCIAL BANK HAVING ITS CORPORATE OFFICE AT MANGALADEVI TEMPLE ROAD PANDESHWAR, MANGALORE – 575 001 KARNATAKA.
AND HAVING ITS CORPORATE BANKING BRANCH AT BHARATH HOUSE, NO.104 GROUND FLOOR, MS MARG REPRESENTED BY ITS GENERAL MANAGER.
2. ORIENTAL BANK OF COMMERCE A PUBLIC SECTOR SCHEDULED COMMERCIAL BANK HAVING ITS REGISTERED OFFICE AT HARSHA BHAWAN, E BLOCK CONNAUGHT PLACE NEW DELHI - 110 001.
AND HAVING A BRANCH OFFICE AT MAKER TOWER, F-WING 14TH FLOOR, CUFFE PARADE MUMBAI - 400 005 REPRESENTED BY ITS GENERAL MANAGER.
3. BANK OF BARODA A PUBLIC SECTOR SCHEDULED COMMERCIAL BANK HAVING ITS HEAD OFFICE AT SURAJ PLAZA 1, SAYAJI GUNJ BARODA - 590 005.
AND ALSO HAVING A BRANCH OFFICE AT 1ST FLOOR, 3 WALCHAND HIRACHAND MARG, BALLARD PIER MUMBAI - 400 001 REPRESENTED BY ITS GENERAL MANAGER.
... RESPONDENTS (BY SRI. V.B. RAVISHANKAR., ADVOCATE FOR R-1 & R-2; SRI. R.S. RAJESH., ADVOCATE FOR R-3) THESE WRIT PETITIONS ARE FILED UNDER ARTICLE 226 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT RESPONDENTS TO CONDUCT THE BIDDING PROCESS FOR THE PLEDGED SHARES STIPULATED IN THE INVOCATION NOTICE AT ANNEX-G IN A FAIR AN RESONABLE MANNER BY EXTENDING THE TIMELINES FOR SUBMISSIONS OF BIDS, FOR THESE SHARES, AS STIPULATED IN THE E-MAIL VIDE ANEX=L BY A PERIOD OF 45 (FORTY FIVE) DAYS.
THESE PETITIONS COMING ON FOR ORDERS THIS DAY THE COURT MADE THE FOLLOWING:
O R D E R Learned counsel for the petitioners submits that writ petitions have rendered infructuous. His submission is taken on record.
Accordingly, writ petitions are dismissed as having rendered infructuous.
SD/- JUDGE *sp