Karnataka High Court
Associate Decor Ltd vs Corporation Bank Ltd on 11 July, 2019
Author: Alok Aradhe
Bench: Alok Aradhe
1
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
2
"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
3
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.
4
THESE PETITIONS COMING ON FOR ORDERS THIS
DAY THE COURT MADE THE FOLLOWING:
ORDER
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