Allowed

Century Galaxy Development Limited v. Mr Satish Garg

Karnataka HC16 Jun 2023OSA/12/2013

Case brief

AI extract

What is this about?

Appeals against a company judge order admitting a winding-up petition under Section 433(f) of the Companies Act. The High Court set aside the order, holding that the company judge did not record any finding that it was just and equitable to wind up the company, and that shareholders had already availed other remedies, making it unreasonable to seek winding up.

What did the court decide?

OSA No.12/2013 allowed; OSA No.17/2013 disposed of with liberty to shareholders to pursue other remedies already availed.

Century Galaxy Development Limited Vs Mr Satish Garg — Company and Corporate | Karnataka HC (2023)

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NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

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DATED THIS THE 16^TH DAY OF JUNE, 2023

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PRESENT

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THE HON'BLE MR. JUSTICE ALOK ARADHE

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AND

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THE HON'BLE MR. JUSTICE ANANT RAMANATH HEGDE

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ORIGINAL SIDE APPEAL NO.12 OF 2013

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C/W

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ORIGINAL SIDE APPEAL NO.17 OF 2013

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IN ORIGINAL SIDE APPEAL NO.12 OF 2013

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BETWEEN:

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CENTURY GALAXY DEVELOPMENT LIMITED L-02, DIAMOND DISTRICT KODIHALLI AIRPORT ROAD BANGALORE-560 008 REPRESENTED BY ITS DIRECTOR

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Digitally signed by RUPA V

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Location: High Court of Karnataka

¶17

MR. YUNUS ZIA.

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(BY SRI. ADITHYA SONDHI, SR. COUNSEL A/W SRI. RAHUL KARYAPPA, ADV.,)

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…APPELLANT

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AND:

¶21

MR. SATISH GARG S/O P.L. GARG AGED 61 YEARS FLAT A-38.

¶22

MRS. RENUKA NAMBIAR W/O RAJARAM NAMBIAR AGED 50 YEARS FLAT K-65.

¶23

- 2 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶24

MR. MANISH ROY S/O H.P. ROY AGED 57 YEARS FLAT A-55.

¶25

MRS. NEELAM A. SHAHANI W/O AJIT NO. SHAHANI AGED 64 YEARS FLAT B-73.

¶26

MR. SANDEEP SINGAL S/O SINGHAL AGED 44 YEARS FLAT C-76.

¶27

MR. GOVINDARAJ S/O LATE U.G.K. MENON AGED 57 YEARS FLAT C-03.

¶28

MR. GOPAL RATHI S/O N.P. RATHI AGED 50 YEARS FLAT J-47.

¶29

MR. SUBHAS SANJIVA SHETTY S/O SOODA SANJIVA SHETTY AGED 67 YEARS FLAT B-55.

¶30

MR. RABINDRA KUMAR SAHOO S/O RAMA CHANDRA SAHOO AGED 44 YEARS FLAT K-12.

¶31

MR. DHANPAL HEGDE S/O K. MAHABALA HEDGE AGED 64 YEARS FLAT J-53.

¶32

MR. ARAVINDA MODI S/O LATE ATMA RAM MODI AGED 60 YEARS.

¶33

¶34

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶35

FLAT C-46.

¶36

M/S. BHANDARI BUILDERS PVT LTD., FLAT I-01, I-02, I-11, I-12, I-13, I-14, I-21, I-31 & I-72.

¶37

MR. AJIT SINGH BHANDARI S/O LATE S. INDER SINGH BHANDARI AGED 68 YEARS

¶38

FLAT I-76.

¶39

MR. SUNDER SEWAKRAM MANSUKHANI S/O SHEWAKRA SHAMDAS MANSUKHANI AGED 75 YEARS FLAT H-42.

¶40

MRS. SHEILA G DADLANI W/O PISHU G DADLANI AGED 63 YEARS FLAT I-52.

¶41

MR. HELEN LEILA LALL W/O RAKESH SHUKLA AGED 47 YEARS FLAT I-62.

¶42

MR. DEEPAK BANJILAL DASHIJA S/O BANSILAL DASHIJA AGED 60 YEARS FLAT O-65.

¶43

MR. GODHAWARI GUL LAKHIANI D/O GUL LAKHIANI AGED 65 YEARS FLAT B-62.

¶44

MRS. GAZZALA ANJUM SATTAR W/O IRSHAD ULLA KHAN AGED 45 YEARS FLAT M-34.

¶45

MR. ARJUN GUL LAKHIANI S/O GUL H. LAKHIANI AGED 31 YEARS

¶46

¶47

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶48

FLAT B-61.

¶49

MR. T.S. SHETTIGAR S/O TJP AS SHETTOGAR AGED 70 YEARS FLAT E-46.

¶50

MR. RIDHU D CRUZ S/O ROBIN D CRUZ AGED 31 YEARS FLAT K-07.

¶51

MR. MRIDULA D CRUZ W/O ROBIN D CRUZ AGED 59 YEARS FLAT K-08.

¶52

MRS. H.D. SUVARNA W/O HONNAYYA DOOMA SURVARNA AGED 55 YEARS FLAT E-51.

¶53

MR. AJAY GUPTA S/O LATE VED SWARUP GUPTAI AGED 43 YEARS FLAT K-73.

¶54

MR. SATYENDRA MUDRA S/O G.C. MUNDRA AGED 45 YEARS FLAT Q-14.

¶55

MR. M. HEMACHANDRA KAMATH S/O M.V.KAMATH AGED 75 YEARS FLAT M-18.

¶56

MR. SUDHIR D SHELLAR S/O DATTATRAYA G SHELLAR AGED 58 YEARS FLAT O-18.

¶57

¶58

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶59

MR. C. SRINIVASAN S/O LATE CHIDAMBARAM AGED 58 YEARS FLAT J-21.

¶60

MR. C.N. PANDIT S/O LATE N.S. PANDIT AGED 82 YEARS FLAT E-37.

¶61

MR. K. PRASAD S/O S. KASINATHAN AGED 45 YEARS FLAT J-15.

¶62

MR. ASIF USMAN TEEKAY S/O BAVA ABDUL KHADER AGED 52 YEARS

¶63

FLAT J-57.

¶64

MR. UMAR BAVA TEEKAY S/O BAVA ABDUL KHADER AGED 55 YEARS FLAT J-28.

¶65

MR. SEVENRAJ S/O V. RAMALINGAM AGED 51 YEARS FLAT C-21.

¶66

MR. SANJAY JOSTHI S/O J.L. JOTSHI AGED 45 YEARS FLAT K-75.

¶67

MR. ARPITA SAHA S/O RANJIT K SAHA AGED 67 YEARS FLAT BK-53.

¶68

MR .VIDYASAGAR BEDIDA S/O LATE RAJAMOULI BEDIDA AGED 47 YEARS

¶69

¶70

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶71

FLAT I-55.

¶72

MR. V.P. NAYAR/LISHA P NAYAR S/O LATE N.V. PILLAI AGED 74 YEARS FLAT Q-48.

¶73

MR. ASHOK KUMAR TYAGI S/O RAGHURAJ THYAGI AGED 55 YEARS FLAT A-11.

¶74

MR. SHAMSHEER MALIK S/O SHYAM KRISHAN MALIK AGED 49 YEARS FLAT K-58.

¶75

MR. ATISH RATAN DASGUPTA S/O NIRMAL CHANDRA DASGUPTA AGED 64 YEARS FLAT K-31.

¶76

MR. SURESH LULLA S/O GIRIDHAR SINGH AGED 68 YEARS FLAT L-43.

¶77

MR. SUREKHI S HEGDE W/O B. SUKESH HEGDE AGED 51 YEARS FLAT J-14.

¶78

MR. SRIVATSAN R CHARI S/O LATE S.R. CHARI AGED 47 YEARS FLAT Q-21.

¶79

MR. JACOB MENDONZA S/O MAURICE MENDONZA AGED 67 YEARS FLAT M-31.

¶80

¶81

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶82

MR. P.B. CHARLES S/O P. CHARLES AGED 73 YEARS FLAT B-58.

¶83

MR. SUBROTO MUKHERJI S/O RANJEET KUMAR MUKHERJI AGED 50 YEARS FLAT 0-16.

¶84

MRS. SAROJA RAMCHANDRAN W/O LATE T.A. RAMCHANDRAN AGED 70 YEARS

¶85

FLAT J-13.

¶86

MRS. RENU IDNANI W/O LATE KISHORE IDNANI AGED 64 YEARS FLAT F-28.

¶87

MR. O.P. KHANNA S/O G.R. KHANNA AGED 74 YEARS FLAT M-45.

¶88

MR. ASHISH KHANNA S/O O.P. KHANNA AGED 43 YEARS FLAT N-41.

¶89

DR. ILIYAS AHAMED N H S/O N.R. HUSSAIN AGED 45 YEARS FLAT F-34.

¶90

MR. TANSEER AHAMED JAFFER S/O MOAHMMED JAFFER AGED ABOUT 43 YEARS FLAT 1-18.

¶91

MR. MOHAN H SUJAN S/O HEMANT SUJAN AGED 85 YEARS

¶92

¶93

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶94

FLAT B-44.

¶95

MR. K D SANJEEVAN S/O K.K. DAMODARAN AGED 48 YEARS FLAT K-06.

¶96

MRS. HEMALATHA VEDULA W/O A.L. JAGANNATH AGED 36 YEARS FLAT 1-22.

¶97

MR. RAJEEV POTRIS S/O K.D. POTRIS AGED 58 YEARS FLAT O-43.

¶98

MRS. AMITA SAXENA W/O DHARMENDRA SAXENA AGED 46 YEARS FLAT J-04.

¶99

MRS. REKHA BAHATNAGAR W/O.V.K.BHATNAGAR AGED ABOUT 69 YEARS FLAT F-03.

¶100

MRS. RADHIKA MURTHY W/O DR. P.S. MURTHY AGED 45 YEARS FLAT C-41.

¶101

MRS. JONIAS MANCHANDA W/O RAKESH MANCHANDA AGED 51 YEARS FLAT P-02.

¶102

MRS. PUSHPA SAWARTHIA W/O JAGADISH KUMAR SAWARTHIA AGED 48 YEARS FLAT K-76.

¶103

MRS. SHILPA SAWARTHIA

¶104

¶105

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶106

W/O JAGADISH KUMAR SAWARTHIA AGED 26 YEARS

¶107

FLAT K-76.

¶108

MRS. ARUN DEVI SAWARTHIA W/O RAMESH KUMAR SAWARTHIA AGED 48 YEARS FLAT K-76.

¶109

MRS. ANITHA GUPTHA W/O SUNIL GUPTHA AGED 53 YEARS FLAT J-35.

¶110

MR. JOHN K. PUNNOSE S/O JOHN PUNNOSE AGED 48 YEARS FALT B-68.

¶111

MRS. JEEVA LEELA PUNNOSE W/O JOHN K. PUNNOSE AGED 40 YEARS FLAT B-68.

¶112

MR. KANAJE GOPALAKRISHNA S/O K.H. SHIVANNAYA AGED 82 YEARS FLAT K-16.

¶113

MR. SUNIT SHARMA S/O V. SHARMA AGED 30 YEARS FLAT H-21.

¶114

MR. MUNESH/MRS ANITA MAKHIJA AGED 76 YEARS FLAT P-22.

¶115

MR. KAPILESH MANGLIK S/O K.P. MANGLIK AGED 65 YEARS FLAT C-77.

¶116

10 -

¶117

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶118

MR. THOMAS MATHEWS Jr. S/O T. THOMAS AGED 49 YEARS FLAT K-03.

¶119

MR. THOMAS J KUNNATH S/O K.T. JOHNY AGED ABOUT 51 YEARS FLAT K-11.

¶120

MRS. INDIRA R NAYALA W/O S. RAMANATH NAYAK AGED 73 YEARS

¶121

FLAT J-44.

¶122

MR. KANCHAN CHAND W/O RAKESH KUMAR AGED 33 YEARS FLAT J-72.

¶123

MRS. RINA CHAND W/O RAJESH MENON AGED 36 YEARS FALT K-34.

¶124

MRS. DIMPLE M. TAHILRAMANI W/O MAHESH D. TAHILRAMANI AGED 42 YEARS FLAT F-54.

¶125

MR. L. SHRIHARI S/O H. LAKSHMINARAYANAN AGED 47 YEARS FLAT L-33.

¶126

MR. RAJ KUMAR ARUL S/O S.S. ARUL AGED 45 YEARS FLAT B-13.

¶127

MRS. BINDU RACHEL MATHEW W/O MATHEW ISAC AGED 42 YEARS

¶128

11 -

¶129

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶130

FLAT C-61.

¶131

MR. B.K. KUMAR S/O B.S. RAO AGED ABOUT 61 YEARS FLAT H-22.

¶132

MR. NIMAI CHANDRA MAJUMDAR S/O LATE HARALAL MAJUMDAR AGED 45 YEARS FALT 1-42.

¶133

MRS. USHA GUPTA W/O SATISH KUMAR GUPTA AGED 54 YEARS FLAT P-01.

¶134

MR. EKKURTHI VENKATA SUBRAMANYA SAI BABA S/O E. VENKATESWARALU AGED ABOUT 49 YEARS FLAT K-36.

¶135

MR. KUHELI GHOSH W/O SOUMITRO GHOSH AGED ABOUT 45 YEARS FLAT L-62.

¶136

MR. KISHAN SHEWAKRAMANI S/O LATE VISUMAL AGED ABOUT 60 YEARS FLAT I-06.

¶137

MR. G.R. RAVI S/O G.R. RAGHAVAN AGED ABOUT 52 YEARS FLAT B-45.

¶138

MRS. JAMUNA RAVI W/O G R RAVI AGED ABOUT 51 EYARS FLAT Q-5A.

¶139

12 -

¶140

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶141

MR. SUNIL ARORA S/O ANAND PRAKASH AGED ABOUT 53 YEARS FLAT E-54.

¶142

MR. MOHIT BHATNAGAR S/O VINOD BHATNAGAR AGED ABOUT 42 YEARS FLAT F-13.

¶143

MRS. RENUKA MOHAN MANGHANANI W/O MOHAN SANTRAM MANGHNANI AGED ABOUT 41 YEARS FLAT J-76.

¶144

MR. UMESH BAJAJ S/O B S BAJAJ AGED ABOUT 62 YEARS FLAT J-05.

¶145

MR. SANJAY KUMAR S/O D.K. SRIVASTAVA AGED ABOUT 43 YEARS FLAT N-38.

¶146

MR. PARTHA KAR S/O B N KAR AGED ABOUT 46 YEARS FLAT K-63.

¶147

MRS. MINI KHANNA CHOUDHARY W/O NILANJAN CHAUDHARI AGED ABOUT 48 YEARS FLAT L-52.

¶148

MRS. MINA M CHABLANI W/O MANOHAR LAL CHABLANI AGED ABOUT 55 YEARS FLAT B-72.

¶149

MR. NARAYAN V PRABHUTENDULKAR S/O VASUDEO PRABHUATENDULKAR AGED ABOUT 55 YEARS

¶150

13 -

¶151

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶152

FLAT J-73.

¶153

MRS. SEETHA KARUMBAIAH W/O S A KARUMBAIAH AGED ABOUT 55 YEARS FLAT D-33.

¶154

MR. ROSHIN MATHEW S/O MATHEW P OMMEN AGED ABOUT 51 YEARS FLAT D-51.

¶155

MRS. DAMINDER SINGH W/O PHILIP SINGH AGED ABOUT 50 YEARS FLAT C-34.

¶156

MRS. USHA PATWARY W/O RAM KUMAR PATWARY AGED ABOUT 55 YEARS FLAT C-08.

¶157

MRS. DEEPTI GROVER W/O AJAY GROVER AGED ABOUT 43 YEARS FLAT K-62.

¶158

MR. SANJAY KUMAR BAJAJ S/O SHYAM KRISHNA BAJAJ AGED ABOUT 49 YEARS FLAT J-75.

¶159

MR. CHAND RAJPAL S/O VIKRAM RAJPAL AGED ABOUT 63 YEARS FLAT Q-24.

¶160

MR. SRIKANT K S/O SATYANARAYANA K AGED ABOUT 43 YEARS FLAT K-56.

¶161

14 -

¶162

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶163

MR. MANOJ GUPTA S/O LATE R S GUPTA AGED ABOUT 51 YEARS FLAT K-77.

¶164

MR. TRAGYA DUBEY S/O ALOK DUBEY AGED ABOUT 43 YEARS FLAT Q-58.

¶165

MRS. SHONALI MATHUR W/O PALLAV MATHUR AGED ABOUT 43 YEARS FLAT M-46.

¶166

MR. M A SUMANTH S/O LATE DR AIOMA AGED ABOUT 63 YEARS FLAT J-24.

¶167

MRS. SUMATHI SUBBAIAH W/O DR S A SUBBAIAH AGED ABOUT 58 YEARS

¶168

FLAT D-38.

¶169

DR. DAVINDER MEHTA MRS. MEETA MEHTA S K MEHTA DAVINDER MEHTA AGED ABOUT 66 YEARS, 63 YEARS S/O SURINDER MEHTA FLAT O-25.

¶170

MRS. MARY THOMAS W/O DR T L MAMPALLY AGED ABOUT 64 YEARS FLAT M-67.

¶171

MR. GANGA TULSIDAS TACHWANI S/O TULASIDAS RACHWANI AGED ABOUT 85 YEARS FLAT C-31.

¶172

15 -

¶173

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶174

MR. PRAMOD PATIL S/O SHAMRAO PATIL AGED ABOUT 47 YEARS FLAT O-41.

¶175

MRS. NANCY D SOUZA W/O JOSEPH D SOUZA AGED ABOUT 49 YEARS FLAT D-66.

¶176

MR. NITESH AHUJA S/O LAL AHUJA AGED ABOUT 40 YEARS FLAT A-28.

¶177

MRS. SEEMA BAID W/O DEEPAK BAID AGED ABOUT 39 YEARS FLAT Q-36.

¶178

MR. VASUDEV M. BHUJIOANI S/O MOHANDAS AGED ABOUT 69 YEARS FLAT A-42.

¶179

MR. S K CHAKRABORTHY S/O LATE C K CHAKRABORTY AGED ABOUT 62 YEARS

¶180

FLAT I-23.

¶181

MR. GAUTAM HEGDE S/O B K HEGDE AGED ABOUT 52 EYARS FLAT D-22.

¶182

MRS. UMA I HUBLI W/O ISHWAR B HUBLI AGED ABOUT 53 YEARS FLAT Q-06.

¶183

MR. VIPUL RAKESH S/O MAHENDRA PAREKH AGED ABOUT 49 YEARS

¶184

16 -

¶185

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶186

FLAT I-75.

¶187

MRS. PARAMITA LALIKI W/O JAYANTA LALIKI AGED ABOUT 41 YEARS FLAT K-24.

¶188

MR. SUMIT GUPTA S/O JAI BHAGWAN AGED ABOUT 41 YEARS FLAT F-35.

¶189

MR. MUKESH SHARMA S/O MAHENDRANATH SHARMA AGED ABOUT 47 YEARS FALT K-32.

¶190

MR. SHIVANGINI ANNA JERVIS NITESH AHUJA AGED ABOUT 32 YEARS D/O BEN JERVIS FLAT C-32.

¶191

MRS. MEENA KUMARI AGED ABOUT 65 YEARS D/O S L ARORA FLAT C-32.

¶192

MRS. NEELA ARORA AGED ABOUT 65 YEARS D/O S L ARORA FLAT C-32.

¶193

MR. MOHAMMED MANZOOR ABID AGED ABOUT 32 YEARS S/O MOHAMMED OMER FLAT B-23.

¶194

MR. OM PRAKASH DHINGRA AGED ABOUT 85 YEARS S/O JAICHAND FLAT A-28.

¶195

17 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶196

MR. B.B. THIMMAYYA (B-47) AGED ABOUT 68 YEARS S/O LATE B M BOPPAYYA FLAT P-51.

¶197

MRS. B KAVERAMMA THIMAYA (P-51) AGED ABOUT 58 YEARS D/O B B THIMAYA FLAT P-51.

¶198

DR. RAJ KUMAR KEJRIWAL (J-41) AGED ABOUT 65 YEARS S/O LATE GAURI SHANKAR KEJRIWAL FLAT J-41.

¶199

MRS. SATYABHAMA KEJRIWAL AGED ABOUT 63 YEARS D/O RAJ KUMAR KEJRIWAL FLAT F-65.

¶200

MR. K. JEETENDER AGED ABOUT 46 YEARS S/O KISHANCHAND M FLAT K-23.

¶201

MR. ABHISHEK GAR AGED ABOUT 35 YEARS S/O ARUN KUMAR GARG FLAT K-23.

¶202

MRS. AMITA KAPOOR AGED ABOUT 50 YEARS D/O HEMANT KAPOOR FLAT J-71.

¶203

MRS. REETA NATARAJAN AGED ABOUT 51 YEARS D/O LATE DR. RAMACHANDRA GUPTA FLAT F-65.

¶204

MR. AZHER AHMED AGED ABOUT 48 YEARS S/O SULAIMAN WAHID

¶205

18 -

¶206

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶207

FLAT P-21.

¶208

MRS. SANGEETHA GUPTA AGED ABOUT 44 YEARS W/O RAJESH GUPTA FLAT Q-35.

¶209

MR. C. SRINIVASAN AGED ABOUT 57 YEARS S/O LATE V CHIDAMBARAM FLAT J-21.

¶210

MR. BANI P GUHA THAKURTA AGED ABOUT 53 YEARS S/O LATE L B GUHATHAKURTA FLAT O-08.

¶211

MRS. MONICA CHOUBEY AGED ABOUT 67 YEARS W/O LATE G V CHOUBEY FLAT K-64.

¶212

MR. HARJIT SINGH AGED ABOUT 72 YEARS S/O LATE DALJIT SINGH FLAT K-41.

¶213

MR. ALEXANDER CHANDY AGED ABOUT 49 YEARS S/O K C CHANDEY FLAT K-25.

¶214

MR. URMI MITRA AGED ABOUT 45 YEARS D/O ALEXANDER CHANDY FLAT K-26.

¶215

MRS. ANUPAMA MEHROTRA TRIPATHY AGED ABOUT 44 YEARS D/O ASHOK TRIPATHY FLAT I-73.

¶216

19 -

¶217

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶218

MRS. SHEELU JOSEPH AGED ABOUT 47 YEARS D/O JOSEPH THOMNAS FLAT O-15.

¶219

MRS. MANJULA MANINGH AGED ABOUT 64 YEARS W/O ASHOK MANINGH FLAT D-04.

¶220

MR. KAMAL KEDIA AGED ABOUT 47 YEARS S/O OMPRAKASH KEDIA FLAT Q-64.

¶221

MR. KULOTHUNGAN AGED ABOUT 60 YEARS S/O P A MANICKAM FLAT K-21.

¶222

MRS. RAJASHREE NAVEEN W/O DR. D.N.NAVEEN AGED 38 YEARS FLAT F-65.

¶223

MR. MUNISH MISHRA S/O J.N. MISHRA AGED 40 YEARS FLAT J-51.

¶224

MR. DEEPAK BAJAJ S/O LATE A.K. BAJAJ MR. RAJ KUMAR KEJRIWAL AGED 59 YEARS FLAT F-41.

¶225

MR. S.P. DUBLISH S/O LATE R.G. DUBLISH AGED 75 YEARS FLAT C-36.

¶226

MR. SANJAY .P KALROS KEJRIWAL (F-65) S/O LATE PURSHOTANDAS KALRO

¶227

20 -

¶228

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶229

AGED 47 YEARS

¶230

FLAT D-21.

¶231

DR. C.V. RAMESH & KANCHAN RAMAMNI S/O LATE .C.S. VENKATARAM AGED 63 YEARS FLAT F-65.

¶232

M/S. FASHION FACTORY INTL. PVT. LTD. FLAT P-31.

¶233

MRS. HARMINDER KAUR ANAND D/O DILIJIT SINGH AGED 67 YEARS FLAT C-64.

¶234

MRS. JIGISHA RAGUNE D/O BHAVESH SHAH AGED 40 YEARS FLAT I-47.

¶235

MR. SANTOSH KUMAR SURANA S/O JODH RAJ SURANA AGED 63 YEARS FLAT O-56.

¶236

MRS. SHARAVANA GHOSH W/O RAJIB GHOSH AGED 47 YEARS FLAT M-51.

¶237

MR. K.K. ABDUL AZEEZ S/O LATE M. ABDUL KADER AGED 57 YEARS FLAT M-51.

¶238

MAJOR VIRENDER HANDA S/O LATE S.L.HANDA AGED 81 YEARS FLAT C-78.

¶239

MR. DEEPAK BAJAJ S/O LATE A.K.BAJAJ

¶240

21 -

¶241

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶242

AGED 59 YEARS FLAT F-41.

¶243

MRS. SHAKUNTALA VERMA W/O R.N. VERMA AGED 69 YEARS FLAT E-07.

¶244

MR. INDER KHARBANDA S/O A.L. KHARBANDA AGED 77 YEARS FLAT Q-16.

¶245

MR. SURESH GOEL S/O PREM NARAIN AGED 39 YEARS FLAT C-23.

¶246

CAPT. FRAMKLIN FANCIS S/O LT. COL. FRANCIS GEORGE AGED 56 YEARS

¶247

FLAT P-12.

¶248

MR. PUNIT SANTANI S/O M D SANTANI AGED ABOUT 38 YEARS FLAT F-71.

¶249

MRS. MADHURI SINGH W/O DR R L SINGH AGED ABOUT 63 YEARS FLAT E-16.

¶250

MR. R M OBHRAI S/O LATE H L OBIRAI AGED ABOUT 71 YEARS FLAT O-26.

¶251

MRS. JYOTHI OBHRAI W/O R M OBHRAI AGED ABOUT 64 YEARS FLAT F-06.

¶252

- 22 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶253

MR. K M ABDULLA S/O M K MAMMI AGED ABOUT 70 YEARS FLAT Q-61.

¶254

MR. BHUPINDER SINGH LAMBA S/O BHAG SINGH LAMBA AGED ABOUT 71 YEARS FLAT O-38.

¶255

MR. JAGJIT SINGH LAMBA S/O BHUPINDER SINGH LAMBA AGED ABOUT 63 YEARS FLAT O-38.

¶256

MRS. MALINI SWARUP W/O SUNIL SWARUP AGED ABOUT 46 YEARS FLAT O-55.

¶257

MR. VIVEK PAUNIKAR S/O BIJARAM PAUNIKAR AGED ABOUT 55 YEARS

¶258

FLAT F-74.

¶259

MR. SHARAD MEHTA S/O J S MEHTA AGED ABOUT 58 YEARS FLAT E-52.

¶260

MR. VIDHI BHANAGAR S/O RAMIT BHATNAGAR AGED ABOUT 33 YEARS FLAT I-78.

¶261

MR. AJAY MOHAN/DIVYA MOHAN S/O DR. ARVIND MOHAN AGED ABOUT 52 YEARS FLAT Q-72.

¶262

RESPONDENTS 1 TO 181 RESIDING AT RESPECTIVE FLATS SITUATED AT DIAMOND DISTRICT, KODIHALLY

¶263

23 -

¶264

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶265

AIRPORT ROAD, BANGALORE-560 008.

¶266

MRS. NIRMALA DEVI TIBAREWALA W/O SATYAA KR TIBAREWALA AGED 66 YEARS NO.12A, NETAJI SUBHAS ROAD 2ND FLOOR, KOLKATTA-700001.

¶267

MRS. SHAKUNTALA HAISAREN AYYAR W/O R HARISHNAKR AYYAR AGED ABOUT 77 YEARS (Q-13) 15/2, H B SAMAJA LINK ROAD BASAVANAGUDI, GANDHI BAZAAR BANGALORE-560004.

¶268

MR. C V SHEKAR (O-55) S/O LATE C S VENKATRAM AGED ABOUT 56 YEARS 1509 (OLD NO.18A), 9TH MAIN ROAD 3RD BLOCK, JAYANAGAR BANGALORE-560011.

¶269

MR. V RAMA KUMAR S/O V R S RAGHAVAN AGED ABOUT 59 YEARS FLAT 90, ADARSHA VISTA BASAVAMAGAN MAIN ROAD VIHUTHIPURA, BANGALORE-560037.

¶270

MRS. MEERA BALA W/O P S TYAGI AGED ABOUT 63 YEARS 20/21, PRASANTHI NAGAR EXTN BANGALORE-560078.

¶271

MR. SHASHI KHANNA S/O GULSHAN KHANNA AGED ABOUT 58 YEARS S-47, GOLDEN ENCLAVE HAL AIRPORT ROAD BANGALORE-560008.

¶272

24 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶273

MRS. PADMA NAIDU S/O HARI RAO NAIDU LAL AHUJA AGED ABOUT 48 YEARS FLAT NO. 686, 12TH MAIN 3RD BLOCK, KORAMANGALA BANGALORE-560008.

¶274

MR. JAGADISH PRASAD KHANDELWAL S/O BHUDHARAM KHANDELWAL AGED ABOUT 62 YEARS FLAT NO.205, 10TH D MAIN ROAD 1ST BLOCK, JAYANAGAR BANGALORE-560011.

¶275

MR. SANJIV KAPUR S/O GRP CAPT B K KAPUR AGED ABOUT 57 YEARS NO.569, 16TH A MAIN, 3RD BLOCK KORAMANGALA, BANGALORE-560034.

¶276

MR. GOPALAKRISHNAN K V PAI S/O VAMANA PAI AGED ABOUT 58 YEARS PO BOX 60850, DUBAI, UAE.

¶277

MRS. MEENA SARAF W/O LT. RAMNATH SARAF AGED ABOUT 67 YEARS NO.3546, 13TH H MAIN 2ND CROSS, HAL 2ND STAGE BANGALORE-560008.

¶278

…RESPONDENTS

¶279

(BY SRI. PRASHANTH V.G. FOR M/S. A. MURALI J. SAGAR ASSOCIATES (ABSENT))

¶280

THIS OSA IS FILED UNDER SECTION 483 OF THE COMPANIES ACT, 1956 R/W RULE 6 & 9 OF THE COMPANIES RULES, 1959 AND SECTION 4 OF THE KARNATAKA HIGH COURT ACT, 1961, PRAYING TO CALL FOR RECORDS IN COMPANY PETITION NO.192/2010 ON THE FILE OF THE LEARNED COMPANY JUDGE AND AFTER GOING THROUGH THE PROPRIETY OR OTHERWISE OF THE ORDER DATED 28.03.2013 PASSED THERIN, BE PLEASED TO SET ASIDE THE

¶281

25 -

¶282

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶283

ALLOW THIS APPEAL AND PASS SUCH OTHER ORDER OR ORDERS AS THIS HON'BLE COURT DEEM FIT TO GRANT IN THE INTEREST OF JUSTICE AND EQUITY.

¶284

IN ORIGINAL SIDE APPEAL NO.17 OF 2013

¶285

BETWEEN:

¶286

MR. SATISH GARG S/O P.L. GARG AGED 61 YEARS FLAT A-38.

¶287

MRS. RENUKA NAMBIAR W/O RAJARAM NAMBIAR AGED 50 YEARS FLAT K-65.

¶288

MR. MANISH ROY S/O H.P. ROY AGED 57 YEARS FLAT A-55.

¶289

MRS. NEELAM A. SHAHANI W/O AJIT NO. SHAHANI AGED 64 YEARS FLAT B-73.

¶290

MR. SANDEEP SINGAL S/O SINGHAL AGED 44 YEARS FLAT C-76.

¶291

MR. GOVINDARAJ S/O LATE U.G.K. MENON AGED 57 YEARS FLAT C-03.

¶292

MR. GOPAL RATHI S/O N.P. RATHI AGED 50 YEARS FLAT J-47.

¶293

- 26 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶294

MR. SUBHAS SANJIVA SHETTY S/O SOODA SANJIVA SHETTY AGED 67 YEARS FLAT B-55.

¶295

MR. RABINDRA KUMAR SAHOO S/O RAMA CHANDRA SAHOO AGED 44 YEARS FLAT K-12.

¶296

MR. DHANPAL HEGDE S/O K. MAHABALA HEDGE AGED 64 YEARS FLAT J-53.

¶297

MR. ARAVINDA MODI S/O LATE ATMA RAM MODI AGED 60 YEARS. FLAT N-46.

¶298

M/S. BHANDARI BUILDERS PVT LTD., FLAT I-01, I-02, I-11, I-12, I-13, I-14, I-21, I-31 & I-72.

¶299

MR. AJIT SINGH BHANDARI S/O LATE S. INDER SINGH BHANDARI AGED 68 YEARS

¶300

FLAT I-76.

¶301

MR. SUNDER SEWAKRAM MANSUKHANI S/O SHEWAKRA SHAMDAS MANSUKHANI AGED 75 YEARS FLAT H-42.

¶302

MRS. SHEILA G DADLANI W/O PISHU G DADLANI AGED 63 YEARS FLAT I-52.

¶303

MR. HELEN LEILA LALL W/O RAKESH SHUKLA AGED 47 YEARS FLAT I-62.

¶304

- 27 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶305

MR. DEEPAK BANJILAL DASHIJA S/O BANSILAL DASHIJA AGED 60 YEARS FLAT O-65.

¶306

MR. GODHAWARI GUL LAKHIANI D/O GUL LAKHIANI AGED 65 YEARS FLAT B-62.

¶307

MRS. GAZZALA ANJUM SATTAR W/O IRSHAD ULLA KHAN AGED 45 YEARS FLAT M-34.

¶308

MR. ARJUN GUL LAKHIANI S/O GUL H. LAKHIANI AGED 28 YEARS FLAT B-61.

¶309

MR. T.S. SHETTIGAR S/O TJP AS SHETTOGAR AGED 67 YEARS FLAT E-46.

¶310

MR. RIDHU D CRUZ S/O ROBIN D CRUZ AGED 31 YEARS FLAT K-07.

¶311

MR. MRIDULA D CRUZ W/O ROBIN D CRUZ AGED 59 YEARS FLAT K-08.

¶312

MRS. H.D. SUVARNA W/O HONNAYYA DOOMA SURVARNA AGED 55 YEARS FLAT E-51.

¶313

MR. AJAY GUPTA S/O LATE VED SWARUP GUPTAI AGED 43 YEARS

¶314

28 -

¶315

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶316

FLAT K-73.

¶317

MR. SATYENDRA MUDRA S/O G.C. MUNDRA AGED 42 YEARS FLAT Q-14.

¶318

MR. M. HEMACHANDRA KAMATH S/O M.V.KAMATH AGED 75 YEARS FLAT M-18.

¶319

MR. SUDHIR D SHELLAR S/O DATTATRAYA G SHELLAR AGED 58 YEARS FLAT O-18.

¶320

MR. C. SRINIVASAN S/O LATE CHIDAMBARAM AGED 55 YEARS FLAT J-21.

¶321

MR. C.N. PANDIT S/O LATE N.S. PANDIT AGED 79 YEARS FLAT E-37.

¶322

MR. K. PRASAD S/O S. KASINATHAN AGED 42 YEARS FLAT J-15.

¶323

MR. ASIF USMAN TEEKAY S/O BAVA ABDUL KHADER AGED 49 YEARS FLAT J-57.

¶324

MR. UMAR BAVA TEEKAY S/O BAVA ABDUL KHADER AGED 52 YEARS FLAT J-28.

¶325

29 -

¶326

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶327

MR. SEVENRAJ S/O V. RAMALINGAM AGED 48 YEARS FLAT C-21.

¶328

MR. SANJAY JOSTHI S/O J.L. JOTSHI AGED 42 YEARS FLAT K-75.

¶329

MR. ARPITA SAHA S/O RANJIT K SAHA AGED 64 YEARS FLAT BK-53.

¶330

MR .VIDYASAGAR BEDIDA S/O LATE RAJAMOULI BEDIDA AGED 43 YEARS FLAT I-55.

¶331

MR. V.P. NAYAR/LISHA P NAYAR S/O LATE N.V. PILLAI AGED 71 YEARS FLAT Q-48.

¶332

MR. ASHOK KUMAR TYAGI S/O RAGHURAJ THYAGI AGED 52 YEARS FLAT A-11.

¶333

MR. SHAMSHEER MALIK S/O SHYAM KRISHAN MALIK AGED 46 YEARS FLAT K-58.

¶334

MR. ATISH RATAN DASGUPTA S/O NIRMAL CHANDRA DASGUPTA AGED 61 YEARS FLAT K-31.

¶335

MR. SURESH LULLA S/O GIRIDHAR SINGH AGED 65 YEARS

¶336

30 -

¶337

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶338

FLAT L-43.

¶339

MR. SUREKHI S HEGDE W/O B. SUKESH HEGDE AGED 48 YEARS FLAT J-14.

¶340

MR. SRIVATSAN R CHARI S/O LATE S.R. CHARI AGED 44 YEARS

¶341

FLAT Q-21.

¶342

MR. JACOB MENDONZA S/O MAURICE MENDONZA AGED 63 YEARS FLAT M-31.

¶343

MR. P.B. CHARLES S/O P. CHARLES AGED 70 YEARS FLAT B-58.

¶344

MR. SUBROTO MUKHERJI S/O RANJEET KUMAR MUKHERJI AGED 50 YEARS FLAT 0-16.

¶345

MRS. SAROJA RAMCHANDRAN W/O LATE T.A. RAMCHANDRAN AGED 67 YEARS FLAT J-13.

¶346

MRS. RENU IDNANI W/O LATE KISHORE IDNANI AGED 61 YEARS FLAT F-28.

¶347

MR. O.P. KHANNA S/O G.R. KHANNA AGED 71 YEARS FLAT M-45.

¶348

31 -

¶349

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶350

MR. ASHISH KHANNA S/O O.P. KHANNA AGED 40 YEARS FLAT N-41.

¶351

DR. ILIYAS AHAMED N H S/O N.R. HUSSAIN AGED 42 YEARS FLAT F-34.

¶352

MR. TANSEER AHAMED JAFFER S/O MOAHMMED JAFFER AGED ABOUT 40 YEARS

¶353

FLAT 1-18.

¶354

MR. MOHAN H SUJAN S/O HEMANT SUJAN AGED 82 YEARS FLAT B-44.

¶355

MR. K D SANJEEVAN S/O K.K. DAMODARAN AGED 45 YEARS FLAT K-06.

¶356

MRS. HEMALATHA VEDULA W/O A.L. JAGANNATH AGED 33 YEARS FLAT 1-22.

¶357

MR. RAJEEV POTRIS S/O K.D. POTRIS AGED 55 YEARS FLAT O-43.

¶358

MRS. AMITA SAXENA W/O DHARMENDRA SAXENA AGED 43 YEARS FLAT J-04.

¶359

MRS. REKHA BAHATNAGAR W/O.V.K.BHATNAGAR AGED ABOUT 66 YEARS

¶360

32 -

¶361

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶362

FLAT F-03.

¶363

MRS. RADHIKA MURTHY W/O DR. P.S. MURTHY AGED 42 YEARS FLAT C-41.

¶364

MRS. JONIAS MANCHANDA W/O RAKESH MANCHANDA AGED 47 YEARS

¶365

FLAT P-02.

¶366

MRS. PUSHPA SAWARTHIA W/O JAGADISH KUMAR SAWARTHIA AGED 45 YEARS

¶367

FLAT K-76.

¶368

MRS. SHILPA SAWARTHIA W/O JAGADISH KUMAR SAWARTHIA AGED 23 YEARS FLAT K-76.

¶369

ARUN DEVI SAWARTHIA W/O RAMESH KUMAR SAWARTHIA AGED 45 YEARS

¶370

FLAT K-76.

¶371

MRS. ANITHA GUPTHA W/O SUNIL GUPTHA AGED 50 YEARS FLAT J-35.

¶372

MR. JOHN K. PUNNOSE S/O JOHN PUNNOSE AGED 45 YEARS FALT B-68.

¶373

JEEVA LEELA PUNNOSE W/O JOHN K. PUNNOSE AGED 37 YEARS FLAT B-68.

¶374

33 -

¶375

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶376

KONAJE GOPALAKRISHNA S/O K.H. SHIVANNAYA AGED 79 YEARS FLAT K-16.

¶377

MR. SUNIVT SHARMA S/O V. SHARMA AGED 27 YEARS FLAT H-21.

¶378

MR. MUNESH/MRS ANITA MAKHIJA AGED 73 YEARS FLAT P-22.

¶379

MR. KAPILESH MANGLIK S/O K.P. MANGLIK AGED 62 YEARS FLAT C-77.

¶380

MR. THOMAS MATHEWS Jr. S/O T. THOMAS AGED 46 YEARS FLAT K-03.

¶381

MR. THOMAS J KUNNATH S/O K.T. JOHNY AGED ABOUT 48 YEARS FLAT K-11.

¶382

MRS. INDIRA R NAYALA W/O S. RAMANATH NAYAK AGED 70 YEARS FLAT J-44.

¶383

MR. KANCHAN CHAND W/O RAKESH KUMAR AGED 30 YEARS FLAT J-72.

¶384

MRS. RINA CHAND W/O RAJESH MENON AGED 33 YEARS FALT K-34.

¶385

34 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶386

MRS. DIMPLE M. TAHILRAMANI W/O MAHESH D. TAHILRAMANI AGED 39 YEARS FLAT F-54.

¶387

MR. L. SHRIHARI S/O H. LAKSHMINARAYANAN AGED 44 YEARS FLAT L-33.

¶388

MR. RAJ KUMAR ARUL S/O S.S. ARUL AGED 42 YEARS FLAT B-13.

¶389

MRS. BINDU RACHEL MATHEW W/O MATHEW ISAC AGED 39 YEARS FLAT C-61.

¶390

MR. B.A. KUMAR S/O B.S. RAO AGED ABOUT 58 YEARS FLAT H-22.

¶391

NIMAI CHANDRA MAJUMDAR S/O LATE HARALAL MAJUMDAR AGED 42 YEARS FALT 1-42.

¶392

MRS. USHA GUPTA W/O SATISH KUMAR GUPTA AGED 54 YEARS FLAT P-01.

¶393

MR. EKKURTHI VENKATA SUBRAMANYA SAI BABA S/O E. VENKATESWARALU AGED ABOUT 46 YEARS FLAT K-36.

¶394

MR. KUHELI GHOSH W/O SOUMITRO GHOSH AGED ABOUT 45 YEARS

¶395

35 -

¶396

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶397

FLAT L-62.

¶398

MR. KISHAN SHEWAKRAMANI S/O LATE VISUMAL AGED ABOUT 57 YEARS FLAT I-06.

¶399

MR. G.R. RAVI S/O G.R. RAGHAVAN AGED ABOUT 49 YEARS FLAT B-45.

¶400

JAMUNA RAVI W/O G R RAVI AGED ABOUT 48 EYARS FLAT Q-5A.

¶401

MR. SUNIL ARORA S/O ANAND PRAKASH AGED ABOUT 50 YEARS FLAT E-54.

¶402

MR. MOHIT BHATNAGAR S/O VINOD BHATNAGAR AGED ABOUT 39 YEARS FLAT F-13.

¶403

MRS. RENUKA MOHAN MANGHANANI W/O MOHAN SANTRAM MANGHNANI AGED ABOUT 38 YEARS FLAT J-76.

¶404

MR. UMESH BAJAJ S/O B S BAJAJ AGED ABOUT 59 YEARS FLAT J-05.

¶405

MR. SANJAY KUMAR S/O D.K. SRIVASTAVA AGED ABOUT 40 YEARS FLAT N-38.

¶406

36 -

¶407

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶408

MR. PARTHA KAR S/O B N KAR AGED ABOUT 43 YEARS FLAT K-63.

¶409

MINI KHANNA CHOUDHARY W/O NILANJAN CHAUDHARI AGED ABOUT 45 YEARS FLAT L-52.

¶410

MINA M CHABLANI W/O MANOHAR LAL CHABLANI AGED ABOUT 52 YEARS

¶411

FLAT B-72.

¶412

MR. NARAYAN V PRABHUTENDULKAR S/O VASUDEO PRABHUATENDULKAR AGED ABOUT 52 YEARS FLAT J-73.

¶413

MRS. SEETHA KARUMBAIAH W/O S A KARUMBAIAH AGED ABOUT 52 YEARS FLAT D-33.

¶414

MR. ROSHIN MATHEW S/O MATHEW P OMMEN AGED ABOUT 48 YEARS FLAT D-51.

¶415

MRS. DAMINDER SINGH W/O PHILIP SINGH AGED ABOUT 47 YEARS FLAT C-34.

¶416

MRS. USHA PATWARY W/O RAM KUMAR PATWARY AGED ABOUT 52 YEARS FLAT C-08.

¶417

MRS. DEEPTI GROVER W/O AJAY GROVER AGED ABOUT 40 YEARS

¶418

37 -

¶419

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶420

FLAT K-62.

¶421

MR. SANJAY KUMAR BAJAJ S/O SHYAM KRISHNA BAJAJ AGED ABOUT 46 YEARS FLAT J-75.

¶422

MR. CHAND RAJPAL S/O VIKRAM RAJPAL AGED ABOUT 60 YEARS FLAT Q-24.

¶423

MR. SRIKANT K S/O SATYANARAYANA K AGED ABOUT 40 YEARS FLAT K-56.

¶424

MR. MANOJ GUPTA S/O LATE R S GUPTA AGED ABOUT 48 YEARS FLAT K-77.

¶425

TRAGYA DUBEY S/O ALOK DUBEY AGED ABOUT 40 YEARS FLAT Q-58.

¶426

SHONALI MATHUR W/O PALLAV MATHUR AGED ABOUT 40 YEARS FLAT M-46.

¶427

MR. M A SUMANTH S/O LATE DR AIOMA AGED ABOUT 60 YEARS FLAT J-24.

¶428

MRS. SUMATHI SUBBAIAH W/O DR S A SUBBAIAH AGED ABOUT 55 YEARS FLAT D-38.

¶429

38 -

¶430

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶431

DR. DAVINDER MEHTA MRS. MEETA MEHTA S K MEHTA DAVINDER MEHTA AGED ABOUT 63 YEARS, 62 YEARS S/O SURINDER MEHTA FLAT O-25.

¶432

MARY THOMAS W/O DR T L MAMPALLY AGED ABOUT 61 YEARS FLAT M-67.

¶433

MR. GANGA TULSIDAS RACHWANI S/O TULASIDAS RACHWANI AGED ABOUT 82 YEARS FLAT C-31.

¶434

MR. PRAMOD PATIL S/O SHAMRAO PATIL AGED ABOUT 47 YEARS FLAT O-41.

¶435

MRS. NANCY D SOUZA W/O JOSEPH D SOUZA AGED ABOUT 46 YEARS FLAT D-66.

¶436

MR. NITESH AHUJA S/O LAL AHUJA AGED ABOUT 37 YEARS FLAT A-28.

¶437

MRS. SEEMA BAID W/O DEEPAK BAID AGED ABOUT 36 YEARS FLAT Q-36.

¶438

MR. VASUDEV M. BHUJIOANI S/O MOHANDAS AGED ABOUT 66 YEARS FLAT A-42.

¶439

39 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶440

MR. S K CHAKRABORTHY S/O LATE C K CHAKRABORTY AGED ABOUT 59 YEARS FLAT I-23.

¶441

MR. GAUTAM HEGDE S/O B K HEGDE AGED ABOUT 49 EYARS FLAT D-22.

¶442

MRS. UMA I HUBLI W/O ISHWAR B HUBLI AGED ABOUT 50 YEARS FLAT Q-06.

¶443

MR. VIPUL RAKESH S/O MAHENDRA PAREKH AGED ABOUT 46 YEARS FLAT I-75.

¶444

MRS. PARAMITA LALIKI W/O JAYANTA LALIKI AGED ABOUT 38 YEARS FLAT K-24.

¶445

MR. SUMIT GUPTA S/O JAI BHAGWAN AGED ABOUT 38 YEARS FLAT F-35.

¶446

MR. MUKESH SHARMA S/O MAHENDRANATH SHARMA AGED ABOUT 44 YEARS FALT K-32.

¶447

SHIVANGINI ANNA JERVIS NITESH AHUJA AGED ABOUT 29 YEARS D/O BEN JERVIS FLAT C-32.

¶448

MRS. MEENA KUMARI AGED ABOUT 62 YEARS D/O S L ARORA

¶449

40 -

¶450

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶451

FLAT C-32.

¶452

NEELA ARORA AGED ABOUT 62 YEARS D/O S L ARORA

¶453

FLAT C-32.

¶454

MR. MOHAMMED MANZOOR ABID AGED ABOUT 29 YEARS S/O MOHAMMED OMER FLAT B-23.

¶455

MR. OM PRAKASH DHINGRA AGED ABOUT 82 YEARS S/O JAICHAND FLAT A-28.

¶456

MR. B.B. THIMMAYYA (B-47) AGED ABOUT 65 YEARS S/O LATE B M BOPPAYYA FLAT P-51.

¶457

MRS. B KAVERAMMA THIMAYA (P-51) AGED ABOUT 55 YEARS D/O B B THIMAYA FLAT P-51.

¶458

DR. RAJ KUMAR KEJRIWAL (J-41) AGED ABOUT 62 YEARS S/O LATE GAURI SHANKAR KEJRIWAL FLAT J-41.

¶459

MRS. SATYABHAMA KEJRIWAL AGED ABOUT 60 YEARS D/O RAJ KUMAR KEJRIWAL FLAT F-65.

¶460

MR. K. JEETENDER AGED ABOUT 43 YEARS S/O KISHANCHAND M FLAT K-23.

¶461

41 -

¶462

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶463

MR. ABHISHEK GAR AGED ABOUT 32 YEARS S/O ARUN KUMAR GARG FLAT K-23.

¶464

MRS. AMITA KAPOOR AGED ABOUT 47 YEARS D/O HEMANT KAPOOR FLAT J-71.

¶465

MRS. REETA NATARAJAN AGED ABOUT 48 YEARS D/O LATE DR. RAMACHANDRA GUPTA FLAT F-65.

¶466

MR. AZHER AHMED AGED ABOUT 45 YEARS S/O SULAIMAN WAHID FLAT P-21.

¶467

MRS. SANGEETHA GUPTA AGED ABOUT 41 YEARS W/O RAJESH GUPTA FLAT Q-35.

¶468

MR. C. SRINIVASAN AGED ABOUT 54 YEARS S/O LATE V CHIDAMBARAM FLAT J-21.

¶469

MR. BANI P GUHA THAKURTA AGED ABOUT 50 YEARS S/O LATE L B GUHATHAKURTA FLAT O-08.

¶470

MRS. MONICA CHOUBEY AGED ABOUT 64 YEARS W/O LATE G V CHOUBEY FLAT K-64.

¶471

MR. HARJIT SINGH AGED ABOUT 69 YEARS S/O LATE DALJIT SINGH

¶472

42 -

¶473

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶474

FLAT K-41.

¶475

MR. ALEXANDER CHANDY AGED ABOUT 46 YEARS S/O K C CHANDEY FLAT K-25.

¶476

MR. URMI MITRA AGED ABOUT 42 YEARS D/O ALEXANDER CHANDY FLAT K-26.

¶477

MRS. ANUPAMA MEHROTRA TRIPATHY AGED ABOUT 41 YEARS D/O ASHOK TRIPATHY FLAT I-73.

¶478

MRS. SHEELU JOSEPH AGED ABOUT 44 YEARS D/O JOSEPH THOMNAS FLAT O-15.

¶479

MRS. MANJULA MANINGH AGED ABOUT 61 YEARS W/O ASHOK MANINGH FLAT D-04.

¶480

MR. KAMAL KEDIA AGED ABOUT 44 YEARS S/O OMPRAKASH KEDIA FLAT Q-64.

¶481

MR. KULOTHUNGAN AGED ABOUT 57 YEARS S/O P A MANICKAM FLAT K-21.

¶482

MRS. RAJASHREE NAVEEN W/O DR. D.N.NAVEEN AGED 38 YEARS FLAT F-65.

¶483

43 -

¶484

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶485

MUNISH MISHRA S/O J.N. MISHRA AGED 37 YEARS FLAT J-51.

¶486

MR. DEEPAK BAJAJ S/O LATE A.K. BAJAJ MR. RAJ KUMAR KEJRIWAL AGED 56 YEARS FLAT F-41.

¶487

S.P. DUBLISH S/O LATE R.G. DUBLISH AGED 72 YEARS FLAT C-36.

¶488

MR. SANJAY .P KALROS KEJRIWAL (F-65) S/O LATE PURSHOTANDAS KALRO AGED 44 YEARS FLAT D-21.

¶489

DR. C.V. RAMESH & KANCHAN RAMAMNI S/O LATE .C.S. VENKATARAM AGED 60 YEARS FLAT F-65.

¶490

M/S. FASHION FACTORY INTL. PVT. LTD. FLAT P-31.

¶491

MRS. HARMINDER KAUR ANAND D/O DILIJIT SINGH AGED 64 YEARS FLAT C-64.

¶492

MRS. JIGISHA RAGUNE D/O BHAVESH SHAH AGED 37 YEARS FLAT I-47.

¶493

MR. SANTOSH KUMAR SURANA S/O JODH RAJ SURANA AGED 60 YEARS FLAT O-56.

¶494

44 -

¶495

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶496

MRS. SHARAVANA GHOSH W/O RAJIB GHOSH AGED 44 YEARS FLAT M-51.

¶497

K.K. ABDUL AZEEZ S/O LATE M. ABDUL KADER AGED 54 YEARS

¶498

FLAT M-51.

¶499

MAJOR VIRENDER HANDA S/O LATE S.L.HANDA AGED 78 YEARS FLAT C-78.

¶500

MR. DEEPAK BAJAJ S/O LATE A.K.BAJAJ AGED 56 YEARS FLAT F-41.

¶501

MRS. SHAKUNTALA VERMA W/O R.N. VERMA AGED 66 YEARS

¶502

FLAT E-07.

¶503

MR. INDER KHARBANDA S/O A.L. KHARBANDA AGED 74 YEARS FLAT Q-16.

¶504

MR. SURESH GOEL S/O PREM NARAIN AGED 36 YEARS FLAT C-23.

¶505

CAPT. FRAMKLIN FANCIS S/O LT. COL. FRANCIS GEORGE AGED 53 YEARS FLAT P-12.

¶506

MR. PUNIT SANTANI S/O M D SANTANI AGED ABOUT 35 YEARS

¶507

45 -

¶508

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶509

FLAT F-71.

¶510

MRS. MADHURI SINGH W/O DR R L SINGH AGED ABOUT 60 YEARS FLAT E-16.

¶511

MR. R M OBHRAI S/O LATE H L OBIRAI AGED ABOUT 68 YEARS FLAT O-26.

¶512

MRS. JYOTHI OBHRAI W/O R M OBHRAI AGED ABOUT 61 YEARS FLAT F-06.

¶513

MR. K M ABDULLA S/O M K MAMMI AGED ABOUT 67 YEARS FLAT Q-61.

¶514

MR. BHUPINDER SINGH LAMBA S/O BHAG SINGH LAMBA AGED ABOUT 68 YEARS FLAT O-38.

¶515

MR. JAGJIT SINGH LAMBA S/O BHUPINDER SINGH LAMBA AGED ABOUT 63 YEARS FLAT O-38.

¶516

MRS. MALINI SWARUP W/O SUNIL SWARUP AGED ABOUT 43 YEARS FLAT O-55.

¶517

MR. VIVEK PAUNIKAR S/O BIJARAM PAUNIKAR AGED ABOUT 52 YEARS FLAT F-74.

¶518

46 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶519

SHARAD MEHTA S/O J S MEHTA AGED ABOUT 55 YEARS FLAT E-52.

¶520

VIDHI BHANAGAR S/O RAMIT BHATNAGAR AGED ABOUT 30 YEARS FLAT I-78.

¶521

MR. AJAY MOHAN/DIVYA MOHAN S/O DR. ARVIND MOHAN AGED ABOUT 49 YEARS FLAT Q-72.

¶522

PETITIONERS 1 TO 175 RESIDING AT RESPECTIVE FLATS SITUATED AT DIAMOND DISTRICT, KODIHALLY AIRPORT ROAD, BANGALORE-560 008.

¶523

MRS. NIRMALA DEVI TIBAREWALA W/O SATYAA KR TIBAREWALA AGED 63 YEARS NO.12A, NETAJI SUBHAS ROAD 2ND FLOOR, KOLKATTA-700001.

¶524

MRS. SHAKUNTALA HAISAREN AYYAR W/O R HARISHNAKR AYYAR AGED ABOUT 74 YEARS (Q-13) 15/2, H B SAMAJA LINK ROAD BASAVANAGUDI, GANDHI BAZAAR BANGALORE-560004.

¶525

MR. C V SHEKAR (O-55) S/O LATE C S VENKATRAM AGED ABOUT 53 YEARS 1509 (OLD NO.18A), 9TH MAIN ROAD 3RD BLOCK, JAYANAGAR BANGALORE-560011.

¶526

MR. V RAMA KUMAR S/O V R S RAGHAVAN AGED ABOUT 56 YEARS

¶527

47 -

¶528

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶529

FLAT 90, ADARSHA VISTA BASAVAMAGAN MAIN ROAD

¶530

VIHUTHIPURA, BANGALORE-560037.

¶531

MEERA BALA W/O P S TYAGI AGED ABOUT 60 YEARS 20/21, PRASANTHI NAGAR EXTN BANGALORE-560078.

¶532

MR. SHASHI KHANNA S/O GULSHAN KHANNA AGED ABOUT 55 YEARS S-47, GOLDEN ENCLAVE HAL AIRPORT ROAD BANGALORE-560008.

¶533

MRS. PADMA NAIDU S/O SRI HARI RAO NAIDU LAL AHUJA AGED ABOUT 45 YEARS FLAT NO. 868, 12TH MAIN 3RD BLOCK, KORAMANGALA BANGALORE-560008.

¶534

MR. JAGADISH PRASAD KHANDELWAL S/O SHRI BHUDHARAM KHANDELWAL AGED ABOUT 59 YEARS FLAT NO.205, 10TH D MAIN ROAD 1ST BLOCK, JAYANAGAR BANGALORE-560011.

¶535

MR. SANJIV KAPUR S/O GRP CAPT B K KAPUR AGED ABOUT 54 YEARS NO.569, 16TH A MAIN, 3RD BLOCK KORAMANGALA, BANGALORE-560034.

¶536

MR. GOPALAKRISHNAN K V PAI S/O VAMANA PAI AGED ABOUT 55 YEARS PO BOX 60850, DUBAI, UAE.

¶537

48 -

¶538

NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶539

MRS. MEENA SARAF W/O LT. RAMNATH SARAF AGED ABOUT 64 YEARS NO.3546, 13TH H MAIN 2ND CROSS, HAL 2ND STAGE BANGALORE-560008.

¶540

…APPELLANTS

¶541

(BY SRI. PRASHANTH V.G. FOR M/S. A. MURALI J. SAGAR ASSOCIATES (ABSENT))

¶542

AND:

¶543

CENTURY GALAXY DEVELOPMENT LIMITED L-02, DIAMOND DISTRICT KODIHALLI AIRPORT ROAD BANGALORE-560 008 REPRESENTED BY ITS DIRECTOR MR. YUNUS ZIA.

¶544

…RESPONDENT (BY SRI. ADITHYA SONDHI, SR. COUNSEL A/W SRI. RAHUL KARYAPPA, ADV.,)

¶545

THIS OSA IS FILED UNDER SECTION 4 OF THE KARNATAKA HIGH COURT ACT, 1961 R/W SECTION 483 OF THE COMPANIES ACT 1956, PRAYING TO SET ASIDE THE IMPUGNED ORDER DATED 28.03.2013 IN Co.P.No.192/2010 IN SO FAR AS IT RELATES TO DEFERRING THE ADVERTISEMTN UNTIL AFTER TRIAL. DIRECT ADVERTISEMENT AND POST THE COMPANY PETITION FOR HEARING & ETC.

¶546

THESE APPEALS COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING:

¶547

49 -

¶548

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¶549

JUDGMENT

¶550

These appeals under Section 483 of the Companies Act, 1956 (hereinafter referred to as 'the Act' for short) arise out of an order dated 28.08.2013 passed by the learned Company Judge on a petition under Section 433(f) of the Act filed by the shareholders of the company. OSA No.12/2013 has been filed by the company, whereas, OSA No.17/2013 has been filed by shareholders of the company.

¶551

Facts giving rise to filing of these appeals briefly stated are that Century Galaxy Development Limited (hereinafter referred to as 'the Company' for short) is a company incorporated under the Act for the purposes of infrastructure development, more particularly, building of flats, office spaces, commercial complexes and to sell, rent or allot the same to its members.

¶552

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¶553

The company under a deed of transfer dated

¶554

23.03.1998 obtained title in respect of lands situate at Kodihalli Village, Bangalore. The company formulated a scheme and developed the aforesaid property into multi storied residential and commercial complexes. Under the scheme, any person intending to acquire a residential or commercial unit in the complex are required to obtain two equity shares of Rs.10/- each per square foot of super built up area and 400 equity shares of Rs.10/- each per car parking space. The scheme provided that residential or commercial units could be allotted in the form of distinctive number of shares and the ownership of the land as well as super structure always remain vested with the appellant. The respondents in OSA No.12/2013 (hereinafter referred to as 'the shareholders' for short), were allotted apartments in the complex owned by the company.

¶555

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¶556

The shareholders after a period of 20 years,

¶557

staked a claim to ownership of the apartments on the ground that an agreement was executed between the company and the shareholders that the apartments would be transferred to them. The company had taken up a stand and asserted that the company is the owner of the apartments / commercial units and the agreement to transfer the ownership absolutely to the shareholders does not exist.

¶558

The shareholders filed a petition under

¶559

Section 433(f) of the Act for winding up of the company on the ground that it is just and equitable to wind up the company. The shareholders raised issues like loss of substratum, loss of trust on account of lack of probity and fair dealing, errors in accounting procedure, flouting of accounting principles, misappropriation of funds, visible evidence and tax evasion and failure on the part of the company to conform to the contract. The

¶560

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¶561

company supported stand by filing copies of deeds of transfer, balance sheets and annual reports and raised a detailed objection to the maintainability of the petition.

¶562

The learned Company Judge by an order dated 28.03.2013 inter alia held that there is a dispute about the nature of relationship between the parties, payments received, terms of transactions. It was further held that prima facie the shareholders appear to be the owners of residential apartments, which were allotted to them in the name and style of shares. The question therefore, calls for an answer at the hands of the court after a trial by lifting the veil. It was further held that shareholders had filed a writ petition viz., W.P.No.18969/2005, which according to the

¶563

shareholders was pending. However, it was held that questions relating to dispute over ownership and management of the company calls for adjudication to

¶564

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¶565

arrive at just conclusions. The petition was therefore, admitted and the advertisement was deferred until trial. In the aforesaid factual background, the company has filed OSA No.12/2013, whereas, shareholders have filed OSA No.17/2013.

¶566

Learned Senior Counsel for the company submitted that the orders passed by the learned Company Judge is a non speaking order and the condition precedent for passing an order under Section 433(f) of the Act has not been fulfilled inasmuch as no finding has been recorded in the order that it is just and equitable that company should be wound up. It is also urged that the shareholders have taken recourse to a remedy available to them under the Karnataka Ownership Flats (Regulation of Promotion of Construction, Sale, Management and Transfer) Act, 1972, in which an order was passed by Deputy Registrar of Cooperative Societies on 12.03.2015 in

¶567

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¶568

favour of shareholders. It is further submitted that the aforesaid order has been stayed by Learned Single Judge by an order dated 17.11.2015 passed in W.P.No.38788/2015, which still operates. It is also urged that several of the shareholders have filed civil suits seeking ownership rights in respect of residential apartments in question and therefore, the learned Company Judge ought not to have made an order as the remedy was available to shareholders, which they had already availed.

¶569

Though counsel for shareholders had logged in through video conferencing and was observing the proceedings, however, despite repeated queries made, Learned counsel for shareholders did not address any arguments.

¶570

We have perused the record as well as the order passed by learned company Judge. Before proceeding further, it is apposite to take note of relevant

¶571

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¶572

statutory provisions. Section 433 of the Act enumerates the circumstances, in which the company may be wound up. Section 433(f) reads as under:

¶573

433 . Circumstances in which

¶574

company may be wound up by tribunal - A company may be wound up by the tribunal -

¶575

(a) xxxx

¶576

( f ) if the Tribunal is of the opinion that it is just and equitable that the company should be wound up.

¶577

Section 443 of the Act deals with power of the

¶578

tribunal on hearing the petition. Section 443(2) reads as under:

¶579

443 . Powers Of Tribunal On Hearing Petition -

¶580

(1) xxxxx

¶581

( 2 ) Where the petition is presented on the ground that it is just and equitable that the

¶582

56 - NC: 2023:KHC:20988-DB OSA No.12 of 2013 C/W OSA No.17 of 2013

¶583

company should be wound, the Court may refuse to make an order of winding up, if it is of opinion that some other remedy is available to the petitioners and that they are acting unreasonably in seeking to have the company wound instead of pursuing that other remedy.

¶584

Thus, it is evident that sine qua non for invoking powers under Section 433(f) of the Act is that the court has to form an opinion that it is just and equitable that the company should be wound up. Similarly, under Section 443(2) of the Act, when a petition for winding up of a company is presented on the ground that it is just and equitable that the company should be wound up, the court may refuse to make an order of winding up on the ground that some other remedy is available to the petitioners and that they are acting unreasonably in seeking to have the company wound up instead of pursing the other remedy.

¶585

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¶586

We find force in the submission made by Learned Senior Counsel for the company that the order passed by learned company Judge does not assign any cogent reasons. In para 1 to 14, the learned company Judge has recorded submissions. Thereafter, in para 15 and 16, it has been held that the dispute between the parties requires a trial after lifting the veil and the questions relating to dispute over ownership and management of the company calls for adjudication to arrive at the just conclusion. Para 17 is the operative portion of the order. The order nowhere reflects the opinion of the learned Company Judge that it is just and equitable to wind up the company. The impugned order therefore, has been passed in violation of the mandate contained in Section 433(f) of the Act.

¶587

It is also relevant to mention that some of the shareholders ad approached the Deputy Registrar under the 1972 Act and the Deputy registrar had

¶588

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¶589

passed an order in favour of the shareholders on 12.03.2015. The aforesaid order passed by the Deputy Registrar has been stayed by Learned Single Judge of this court by an order dated 17.11.2015 in W.P.No.38788/2015. Some of the shareholders have filed the civil suits. Thus, the shareholders have resorted to the remedy available to them under the law. The shareholders had filed the petitions seeking winding up of the company after an inordinate delay of 20 years and therefore, it can safely be inferred that the shareholders are acting unreasonably in seeking winding up of the company instead of pursuing to the remedies to which they have already resorted to. Therefore, in the light of provisions contained in Section 443(2) of the Act, the learned Company Judge ought not to have entertained the petition.

¶590

In view of preceding analysis, the order dated 28.08.2013 passed by the learned Company Judge on a

¶591

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¶592

petition under Section 433(f) of the Act in CoP No.192/2010 is set aside.

¶593

In the result, OSA NO.12/2013 is allowed, whereas, OSA No.17/2013 is disposed of with liberty to shareholders to pursue the remedy, which they have already availed.

¶594

Sd/JUDGE

¶595

Sd/JUDGE

¶596

Century Galaxy Development Limited v. Mr Satish Garg

Case brief

What is this about?

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Century Galaxy Development Limited v. Mr Satish Garg

Case brief

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