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Karnataka High Court

Mr. Sushil Mantri vs The Registrar on 30 May, 2023

Author: K.Somashekar

Bench: K.Somashekar

                                                   -1-
                                                             WP No. 7706 of 2023




                           IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                                DATED THIS THE 30TH DAY OF MAY, 2023

                                                PRESENT
                               THE HON'BLE MR JUSTICE K.SOMASHEKAR
                                                  AND
                                THE HON'BLE MR JUSTICE RAJESH RAI K
                              WRIT PETITION NO. 7706 OF 2023 (GM-RES)
                      BETWEEN:
                      MR. SUSHIL MANTRI,
                      S/O SHRI PANDURANG MANTRI,
                      AGED ABOUT 60 YEARS,
                      DIRECTOR CUM SHARE HOLDER/
                      LARGE STAKEHOLDER IN
                      MANTRI DEVELOPERS PRIVATE LIMITED,
                      CIN NO.U70102KA1990PTC027924
                      NO.41, MANTRI HOUSE,
                      VITTAL MALLYA ROAD,
                      BANGALORE 560041
                                                                       ...PETITIONER
                      (BY SRI. M.S. SHAM SUNDAR, SENIOR ADVOCATE FOR
                          MISS. VANDANA P.L., ADVOCATE)
                      AND:
Digitally signed by
VIJAYALAKSHMI         1.    THE REGISTRAR
BN                          NATIONAL COMPANY LAW TRIBUNAL,
Location: HIGH              BANGALORE BENCH,
COURT OF                    RAHEJA TOWERS, 12TH FLOOR,
KARNATAKA
                            M.G. ROAD, BANGALORE 560001
                      2.    INDIABULLS HOUSING FINANCE LIMITED
                            M-62 AND 63, FIRST FLOOR,
                            CONNAUGHT PLACE,
                            NEW DELHI 110001,
                            ALSO AT: 116, KRISHNA ARCADE,
                            BETWEEN 12TH AND 11TH CROSS,
                            MARGOSA ROAD, MALLESHWARAM,
                            BENGALURU, KARNATAKA-560003
                      3.    MR. AHSAN AHMAD
                            FATHER'S NAME NOT KNOWN,
                            AGED MAJOR,
                                   -2-
                                                 WP No. 7706 of 2023




    INTERIM RESOLUTION PROFESSIONAL IN
    CP(IB) NO.94/BB/2022-NCLT-BANGALORE,
    IBBI/IPA-002/IP-N00987/2020-2021/13183
    BB-31, DDA HIG FLATS, POCKET-9A,
    JASOLA VIHAR, NEW DELHI,
    NATIONAL CAPITAL TERRITORY OF DELHI-110025
    EMAIL: [email protected]
    MOBILE: 9891652751
                                            ...RESPONDENTS
(BY SRI. PRASHANTH, ADVOCATE FOR
    MISS PRUTHA BHRATHI, ADVOCATE FOR R-2)

     THIS   WP    IS   FILED    UNDER      ARTICLES    227     OF   THE
CONSTITUTION OF INDIA, 1950 PRAYING TO ISSUE A WRIT IN
"DECLARATION"    THAT    CP(IB)     NO.94/BB/2022      FILED    UNDER
SECTION 7 OF IBC BEFORE THE NCLT, BANGALORE IS NOT
MAINTAINABLE     FOR   WANT    OF       JURISDICTION   BECAUSE      THE
RESPONDENT HAD ALREADY FILED            CP(IB) NO.92/BB/2022 UNDER
SECTION 95 OF THE IBC AGAINST THE PETITIONER AND AS THE
MATTER IS SEIZED OF THE HON'BLE SUPREME COURT OF INDIA IN
WRIT PETITION (CIVIL) NO.923/2022 AND ETC.

     THIS   PETITION, COMING        ON     FOR   ORDERS,   THIS     DAY,
K.SOMASHEKAR., J., MADE THE FOLLOWING:

                               ORDER

Learned counsel Miss. Vandana P.L. for petitioner, who is on record in this matter has secured the services of the learned Senior counsel namely, Sri. M.S. Sham Sundar, who is appearing through video conferencing. -3- WP No. 7706 of 2023

2. Learned counsel Miss. Prutha Bharathi for respondent No.2, who is on record is represented by learned counsel Sri. Prashanth.

3. Learned counsel Sri. Rishi representing the petitioner, who is present before the Court physically, has filed a memo along with a copy of the order passed by the Hon'ble Supreme Court of India in SLA (C) No.8023/2023.

4. Learned Senior counsel representing the petitioner submits that in the aforesaid order, the Hon'ble Supreme Court of India without making any comments with regard to the merits of the case, made an observation that the National Company Law Appellate Tribunal (NCLAT) may pass appropriate order after hearing the parties.

5. Therefore, keeping in view of the submission made by the learned Senior counsel for the petitioner in this matter and in pursuance of the order passed by the Supreme Court of India as stated above, this writ petition do not have any substance to proceed further to consider the relief as sought for in this writ petition.

-4-

WP No. 7706 of 2023

6. In terms of the order passed by the Hon'ble Supreme Court of India, this writ petition is hereby disposed of.

Sd/-

JUDGE Sd/-

JUDGE PMR List No.: 1 Sl No.: 7