Dismissed

Mr. T.H. Krishnappa v. M/S Metal Closures Pvt. Ltd.

Karnataka HC15 Nov 2023COP/152/2015

Case brief

AI extract

What is this about?

The Karnataka High Court dismissed a winding up petition filed under the Companies Act, 1956, against the respondent company. The court noted the company was already under the Insolvency and Bankruptcy Code, 2016, with a resolution process admitted and affirmed by the Supreme Court.

What did the court decide?

Petition dismissed; liberty granted to make claim before the Interim Resolution Professional.

Mr. T.H. Krishnappa Vs M/S Metal Closures Pvt… — Insolvency and Bankruptcy | Karnataka HC (2023)

¶1

1 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶2

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

¶3

DATED THIS THE 15^TH DAY OF NOVEMBER, 2023

¶4

BEFORE

¶5

THE HON'BLE MR JUSTICE C.M. POONACHA COMPANY PETITION NO. 152 OF 2015

¶6

BETWEEN:

¶7

MR. T.H. KRISHNAPPA, S/O HONNAIAH, NO.102, I^ST FLOOR, 5^TH CROSS, NEAR VENKATA VIDYA MANDIR, VALLABHANAGAR, DODDAKALSANDRA POST, BENGALURU - 560 062.

¶8

ALSO AT:

¶9

Digitally signed by BHARATHI S Location: HIGH COURT OF KARNATAKA

¶10

NO.86, C/O. D. BASAVARAJU, KANAKAPURA MAIN ROAD, NEAR ASWATH KATTE HARIALI MARA, THATAGUNI, BENGALURU SOUTH - 560 062.

¶11

MR. T.H. NANJEGOWDA, S/O. HANUMAIAH, HONGIRANA, VIDYA NAGAR, HOUSING BOARD, KUNIGAL, TUMKUR, KARNATAKA - 572 130.

¶12

MR. RAMESH ACHARYA, S/O. BABU ACHARYA, 21, VASAVI NILAYA, NEW BANK COLONY, WATER TANK ROAD, CHURCH, KONANAKUNTE,

¶13

2 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶14

BANGALORE SOUTH KONANAKUNTE, BENGALURU, KARNATAKA - 560 062.

¶15

MR. SHIVAMADU H.T., S/O. KARISETTY, NO.270, 74^TH CROSS, POLICE STATION BACK SIDE, KUMARASWAMY LAYOUT, BENGALURU SOUTH, KARNATAKA - 560 078.

¶16

MR. K. SATISH, S/O KRISHNAMURTHY, NO.129, KEB BACK SIDE, KRISHNAPPA L14.2, YADAMNAGAR, BENGALURU - 560 061.

¶17

MR. SHODHAN P.N., S/O K. NARASIMHA SHETTIGAR, 7-4 B SIVALLI VILLAGE, BLOCK NO.7, H.NO.7, MAHATHMA GANDHI MEMORIAL COLLEGE, UDUPI - 576 102.

¶18

MR. MURUGA DAS K., S/O KRISHNAMURTHY, NO.140, 3^RD CROSS, GOWDAPALYA , BENGALURU - 560 061.

¶19

MR. KIRAN KUMAR SHETTY, S/O VISHWANATH SHETTY, NO.1/3, NANJUNDESHWARA NILAYA, 1ST FLOOR, SIDDAGANG SCHOOL RD., RAGHUVANAHALI, KANAKAPURA , MAIN ROAD,

¶20

¶21

NC: 2023:KHC:40775 COP No. 152 of 2015

¶22

BENGALURU.

¶23

MR. R. SRINIVASA, S/O. RAMANNA, NO.2/9/2, THATAGATTAPURA, THALAGATTAPURA, BENGALURU - 560 062.

¶24

MR. VISHWANATH ADIGA, S/O SIRNIVASA ADIGA, NO.576-2, 12TH KM, KANAKAPURA ROAD, DODDAKALLASANDRA, BENGALURU - 560 062.

¶25

MR. B. NAGARAJU, S/O BASAVALINGAIAH, NO.20, 1ST CROSS, SYNDICATE BANK RAOD, KANAKAPUA MAIN ROAD, VENKATAREDDY LAYOUT, DODDAKALLASANDRA, BENGALURU - 560 062.

¶26

MR. S. MANJUNATH, S/O M. SRINIVAS, NO.2458, GANDHINAGAR, BENGALURU.

¶27

MR. THARANTH. NT, S/O TIMMAPPA , NO.3-185/B, NEDCHIL, GUDINJA, ATETTY, DAKSHINA KANNADA, SULLIA, KARNATAKA - 574 239.

¶28

MR. KH NAGARAJU, S/O HANUMANTHAGOWDA, NO.54, CANARA BANK ROAD,

¶29

4 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶30

KONANAKUNTE CROSS, BENGALURU SOUTH - 560 062.

¶31

MR. SHIVAKUMAR. S, S/O SAMARAO, NO.3RD LANE, ANNAMADEVI ROAD, YADALAMNAGAR, SUBRAMANIYAPURA, BENGALURU - 560 061.

¶32

MR. CR GURUPRASAD, S/O CV RAMANATH, NO.140, 2ND MAIN ROAD, 8TH CROSS, CHAMRAJPET, BENGALURU.

¶33

MR. C. SHIVANNA, S/O CHIKKAKALEGOWDA, NO.4325, 4TH MAIN, NEAR PIPE LINE ROAD, KUMARASWAMY LAYOUT, BANGALORE SOUTH, JP NAGAR, BENGALURU - 560 078.

¶34

MR. CHITTARANJAN DAS MALLI, S/O K. SANKARAPPA MALLI, NO.3926, 2ND STAGE, KUMARASWAMY LAYOUT, BENGALURU SOUTH, BENGALURU - 560 078.

¶35

MR. DL UMESH RAO BHONSLE, S/O LAKSHMAN RAO, NO.37, 1ST FLOOR, 3RD CROSS, JAYAKUMAR LAYOUY, KONANAKUNTE, BENGALURU SOUTH - 560 062.

¶36

MR. BASAVARAJ OLEKAR, S/O MR. LAKSHMAN, NO.4/11, RAGHUVANAHALLI,

¶37

5 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶38

KANAKAPURA MAIN ROAD,

¶39

1ST CROSS, BENGALURU - 560 062.

¶40

MR. SUDHAKAR, S/O SHEENA SHERIGAR, NO.61/3, 1ST FLOOR ROYAL, PRIMARY SCHOOL, DODDAKASANDRA, BENGALURU - 560 062.

¶41

MR, SHIVASHANKAR REDDY, S/O SHIVARAMA REDDY, NO.13/48, 3RD MAIN, 8TH CROSS, VENKATAPURA, KORAMANGALA, BENGALURU - 560 034.

¶42

MR. SURESH HB., S/O BVASAVARAJU, NO.21/4, CANARA BANK ROAD, 4TH CROSS, ROYAL SCHOOL, KONANAKUNTE CROSS, DODDAKALLASANDRA, BENGALURU SOUTH - 560 062.

¶43

MR. RAGHAVENDRA K., S/O MAHABALA POOJARY, NO.12/42-740, VENKATAREDDY, LAYOUT, NEAR POST OFFICE, DODDAKALSASANDRA BENGALURU - 560 062.

¶44

MR. RAGHAVENDRA MS., S/O SUBBANNAIAH, NO.199/204/1, SHREENIDHI, LAYOUT, CHURCH GATTA, CHUNCHAGHATTA, BENGALURU SOUTH - 560 092.

¶45

MR. SAHUKAIAH , S/O HONNAGAIAH,

¶46

6 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶47

NO.666,VASANTHPUR, BENGALURU SOUTH.

¶48

MR. PRASANNAN. K, S/O KESAVAN, NO.492 (266A), PRETHINIVAS, WEST KALLADA PANCHAYATH, KUNNATHUR - 690 543.

¶49

MR. PRAMOD I BANGARA, S/O JAYAKAR SALLAN, NO.6, VENKATAREDDY LAYOUT, DODDAKALASANDRA, BENGALURU - 560 062.

¶50

MR. UDAYA SHETTY, S/O SUNDARTA B SHETTY, NO.D-4-4, PURVA BELMONT, KANAKAPURA MAIN ROAD, JARAGANAHALLI, BENGALURU - 560 078.

¶51

MR. S. MOHAN, S/O B.S. SUBBA RAO, NO.139, 3RD CROSS, VITTAL NAGAR, ISRO LAYOUT, BANGALORE SOUTH, JP NAGAR, BENGALURU - 560 078.

¶52

MR. SETHU RAGHUNATH, W/O RAGHUNATH KURUP, NO.3, SHANKARA NILAYA, KANAKAPURA MAIN ROAD, NEAR RAMANJANEYA TEMPLE, JARAGANAHALLI, BENGALURU SOUTH - 560 078.

¶53

7 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶54

MR. DAMODARA NAIK, S/O RAMACHANDRA NAIK, WARD NO.7, BESIDE RAMA TEMPLE, KUNIGAL, TUMKUR - 572 130.

¶55

MR. GOPALAKRISHNA ACHARYA, S/O U. RAMADAS ACHARYA , NO.193, GOVERNMENT SCHOOL ROAD, 2ND CROSS, DODDAKALASANDRA, BENGALURU - 560 062.

¶56

MR. SHIVAKUMAR GY, S/O YALAKKAIAH, NO.5, ANNASANDRAPALYA, BENGALURU - 560 037.

¶57

MR. ACHUTHA KS, S/O SHIVASANKAR KN, NO.39, SUBIKSHA, 1ST MAIN, MUNESHWARANAGAR, OPP KADIRENAHALLI, PETROL BUNK, BENGALURU - 560 061.

¶58

MR. PRAKASH KUMAR SHETTY, S/O LATE VITTALA SHETTY, NO.224, DODDAKALLASANDRA, DODDAKALASANDRA, BENGALURU URBAN - 560 062.

¶59

MR. KULLEGOWDA TM, S/O MANCHAIAH, NO.91, WATER TANK ROAD, NEAR DODDAKALASANDRA BUS STOP, KANAKAPURA MAIN ROAD, BENGALURU SOUTH - 560 062.

¶60

8 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶61

MR. MOHANDAS SHETTY, S/O SUNDAR SHETTY, NO.199/3, 2ND CROSS, NEW POST OFFICE ROAD, NEAR SARASWATH BANK, JAYANAGAR 7TH BLOCK, BANGALORE SOUTH - 560 061.

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MR. MURALIMOHAN MS, S/O SHESHADRI , NO.07, GANAPATHIPURA, JYOTHI SCHOOL BEHIND KONANKUNTE, BENGALURU - 560 062.

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MR. GANGADHARA ADIGA K., S/O GANJAPAYYA, NO.179, NEAR KAMAKYA, THEATER, 3RD MAIN, 4TH PHASE, 7TH BLOCK, BSK 3RD STAGE BETS 12 BANASHANKARI III STAGE, BENGALURU SOUTH - 560 085.

¶64

MR. SHIVARAJ SHETTY, S/O KORANGA SHETTY, NO.899, 12TH CROS, 36TH MAIN, JP NAGAR, 1ST PHASE, NEAR GOVERNMENT HIGH SCHOOL, BENGALURU - 560 078.

¶65

MR. BR RAJENDRA, S/O B.K. RAJANNA, NO.86, 2ND MAIN, 8TH BLOCK, BEL LAYOUT, BANGALORE NORTH, VIDYARANYAPURA, BENGALURU NORTH - 560 097.

¶66

9 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶67

MRS. P. BHAGYALAKSHMI, W/O RAMESH G.K., NO.9, MATHRUSHREE, 2ND CROSS, THIMMARAYAPPA LAYOUT, DODDAKALASANDRA, BENGALURU - 560 062.

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MR. BHAGAYAMMA, W/O G. MANJANNA, KULUME BIDI, NEAR SAVI BAR, KANAKAPURA, MAIN ROAD, DODDAKALASANDRA, BENGALURU - 560 062.

¶69

MRS. SMITHA SHETTY, W/O GIRISH CHANDRASHEKAR SHETTY, NO.114, KRISHNA NILAYA, 5TH CROS, 2ND MAIN, VALLABHA NAGAR, KONAKUNTE CROSS, DODDAKALASANDRA, BENGALURU - 560 062.

¶70

KUM. VATSALA K.B., D/O BASKAR, NO.1-73, ULI, BANTWAL, DAKSHINA KANNADA - 574 326.

¶71

MR. SUGANDHA PEMMAIAH KN, S/O NACHAPPA KP, NO.43/44, JP SAPTHAGIRI HOME, 10TH MAIN ROAD, SHAKHAMBARI NAGAR, JP NAGAR, 1ST PHASE, BENGALURU - 560 078.

¶72

MR. K. DIWAKAR RAO, S/O K. KRISHNA MURTHY, 5TH MAIN ROAD D BLOCK, RAJAJINAGAR 2ND STAGE, BENGALURU NORTH - 560 010.

¶73

10 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶74

MR. RONY JACOB D'SOUZA, S/O MAURICE D'SOUZA, NO.695, 30TH CROSS, OPP: CM TOWERS, THILAK NAGAR, JAYANAGAR,

¶75

BENGALURU SOUTH - 560 041.

¶76

MR. G. DAMODAR, S/O NAGAPPAGOWDA, NO.15, 4TH CROSS, SOUDAMINI LAYOUT, DODDAKALASANDRA, BENGALURU - 560 062.

¶77

MR. VINOD KUMAR K., S/O KRISHNA, NO.12/3, L.F. SARASWATHIPURAM, BDA FLATS, NANDINI BADAVANE, ESA EPHAS, HECHA BSA LE AUTA, BANGALORE - 560 096.

¶78

MR. SAMITH HEGDE, S/O P. HARISHCHANDRA HEGDE, NO.69, 3RD CROSS, ANJANADRI LAYOUT, KONAKUNTE, BENGALURU SOUTH - 560 062.

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MR. KRISHNA NAIRY K, S/O RAMA NAIRY, NO.4407, 1ST FLOOR, 45TH CROSS, NEAR 15F BUS STOP, KUMARASWAMY LAYOUT 2ND STAGE, BANGALORE SOUTH, JP NAGAR, BENGALURU - 560 078.

¶80

MR. MAHESH B HEGDE, S/O VASUDEV HEGDE, NO.310-A, 8TH MAIN DOLLARS LAYOUT,

¶81

11 - NC: 2023:KHC:40775 COP No. 152 of 2015

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JP NAGAR, 4TH PHASE, BENGALURU SOUTH, BENGALURU - 560 078.

¶83

MR. GAJANAN M HEGDE, 230, GROUND FLOOR, 5TH MAIN, NEAR 15F BUS STOP, KUMARASWAMY LAYOUT, 2ND STAGE, JP NAGAR, BENGALURU - 560 078.

¶84

MR. NAGESH P., S/O PARASHURAME GOWDA, 16, 6TH CROSS, NEW BANK COLONY, KONANAKUNTE , BENGALURU - 560 062.

¶85

MR. YOGESH URAL K., S/O RAMESH URAL K., 223, 1ST MAIN, 4TH CROSS BSK, HOSAKERE HALLI, BANGALORE - 560 085.

¶86

MR. RAMESH KUMAR SB., S/O BASAPPA G., NO.129, 9TH CROSS, PARAMOUNT GARDENTS, THALAGHATTAPURA, BENGALURU - 560 062.

¶87

MR. JOHN THOMAS, S/O MR. PATRICK, NO.84, NEW CEMENT LANE, AUSTIN TOWN, SANTHINAGAR, BENGALURU.

¶88

MR. MOHAN KUMAR S., S/O SIDDAYA, NO.458, MOOTAPPANA PALYA,

¶89

12 -

¶90

NC: 2023:KHC:40775 COP No. 152 of 2015

¶91

BANGALORE NORTH, INDIRANAGAR, BANGALORE NORTH BENGALURU - 560 038.

¶92

MR. JAGANATHA CHARY J., S/O LATE LAXMANACHARY, 213, 5TH MAIN, 1ST CROSS, K.S. LAYOUT, 2ND STAGE, BENGALURU - 560 078.

¶93

MR. SUDHARSHAN A.G., S/O MR. AS GOPAL RAO, NO.62, 6TH MAIN 1ST STAGE, COLONY SNJAYANAGAR, BENGALURU - 560 094.

¶94

MR. BHARATH KUMAR, S/O SRIDHAR AJIRI, NO.355, 2ND MAIN ROAD, KUMARASWAMY LAYOUT, 2ND STAGE, BENGALURU - 560 078.

¶95

MR. GURUPRASAD, S/O SRINIVASA MURTHY, NO.36, 80 FEET ROAD, NEAR KSIT COLLEGE, RAMANJANEYA NAGAR, GUBBALALA, BANGALORE SOUTH, SUBRAMANIPURA, BANGALORE SOUTH, BENGALURU - 560 061.

¶96

MRS. HP SHRUTHI, W/O K.P. YUVARAJU, NO.15, KANIGERE, ALUR TALUK,

¶97

13 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶98

HASSAN DISTRICT - 573 129.

¶99

MR. BRIJ KISHOR NAWANGE, S/O DHARGAON M.P., NO. LF 17/8, BTM II STAGE, OPP MICO LAYOUT, POLICE STATION, BENGALURU - 560 076.

¶100

MR. SURENDRA, S/O SHIVARAJ, NO.75, ALLAM PRABHU ROAD, NEAR RAM MANDIRA, GAVIPURAM, HANUMANTHA NAGAR, BENGALURU - 560 019.

¶101

MR. MAHESH N HEGDE, S/O NARASINH, 107, 24TH MAIN, AISHWARYA SPLENDER, JP NAGAR, BENGALURU.

¶102

MR. RAMESH AMBEKAR, S/O RAJAIAH AMBEKAR, FLAT NO.202, BLOCK NO.9, PRAJAY APARTMENTS, BESIDE COME AMET. KOMPALLY, KOMPALLE, KOMPALLY, RANGARDII, ANDHRA PRADESH - 500 014.

¶103

MR. RENUKARADYA C.G., NO.91, SRI GURU SANADHI, 4TH MAIN, ADIATHA NAGAR, KOTHANUR MAIN ROAD, JP NAGAR, 8TH PHASE, BENGALURU - 560 062.

¶104

MR. PRAHALAD RAO K., S/O LATE SRINIVASA RAO,

¶105

14 -

¶106

NC: 2023:KHC:40775 COP No. 152 of 2015

¶107

ISRO LAYOUT, BENGALURU - 560 078.

¶108

MR. VINOD KUMAR, S/O. C/O. METAL CLOSURES PVT.LTD., 12 KM, KANAKAPURA ROAD, BENGALURU - 560 062.

¶109

MR. RAGHURAM POOJARI, C/O. METAL CLOSURES PVT.LTD., 12 KM, KANAKAPURA ROAD, BENGALURU - 560 062.

¶110

MR. DHARSHAN SHETTY, C/O. METALCLOSURES PVT. LTD., 12 KM, KANAKAPURA ROAD, BANGALORE - 560 062.

¶111

MR. MARALU SIDDAPPA, C/O. METAL CLOSURES PVT.LTD., 12 KM, KANAKAPURA ROAD, BENGALURU - 560 062.

¶112

MR. RAJESH SHETTY, BOMMASANDRA INDISTRIAL AREA, BENGALURU.

¶113

MR. PRADEEP JOSHI, C/O. METAL CLOSURES PVT. LTD., 12 KM, KANAKAPURA ROAD,

¶114

…PETITIONERS

¶115

(BY SRI. RAJARAM T., ADVOCATE FOR M/S RSBG LAW FIRM, ADVOCATES)

¶116

15 - NC: 2023:KHC:40775 COP No. 152 of 2015

¶117

AND:

¶118

M/S. METAL CLOSURES PVT. LTD., A COMPANY INCORPORATED UNDER THE INDIAN COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT NO.39/B, 12TH KM KANAKAPURA ROAD, BENGALURU - 560 062.

¶119

ALSO AT: REPRESENTED BY B. PRASANTH HEDGE, CHAIRMAN-CUM-MANAGING DIRECTOR, NO.261, A DEFENCE COLONY, HAL IIND STAGE, INDIRANAGAR, BENGALURU - 560 038.

¶120

…RESPONDENT

¶121

(BY SRI. J. KANIKARAJ, ADVOCATE)

¶122

THIS COMPANY PETITION IS FILED U/S 433 (E) AND (F) AND SECTION 434 (1) (A) & (C) R/W SECTION 439 OF THE COMPANIES ACT, 1956, PRAYING THIS HON'BLE COURT TO: PASS AN APPROPRIATE ORDER DIRECTING WINDING UP OF RESPONDENT CO. UNDER THE PROVISIONS OF SECTIONS 433 (E) & (F) & 434 OF THE COMPANIES ACT, 1956, AND ETC.,

¶123

THIS PETITION, COMING ON FOR HEARING, THIS DAY, THE COURT MADE THE FOLLOWING:

¶124

ORDER

¶125

Learned counsel for the Respondent has filed a

¶126

memo placing on record that vide order dated 14.12.2018 passed in C.P. I(B) No.103/BB/2018 the National Company

¶127

Law Tribunal, has admitted the application filed under

¶128

16 -

¶129

NC: 2023:KHC:40775 COP No. 152 of 2015

¶130

Section 7 of The Insolvency And Bankruptcy Code, 2016 and has appointed an Interim Resolution Professional.

¶131

The appeal filed challenging the said order dated 14.12.2018 has been dismissed by the National Company Law Appellate Tribunal vide order dated 17.12.2021 which has also been affirmed by the Hon'ble Supreme Court.

¶132

In view of the same, the present petition is dismissed reserving liberty to the petitioner to make a claim before the Interim Resolution Professional in accordance with law.

¶133

Sd/JUDGE

¶134

PNV List No.: 1 Sl No.: 73 CT:SNN

Mr. T.H. Krishnappa v. M/S Metal Closures Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Mr. T.H. Krishnappa v. M/S Metal Closures Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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