The High Court of Karnataka dismissed two commercial appeals and disposed of pending applications as the respondents had withdrawn the underlying commercial suits.
Appeals dismissed as withdrawn by respondents; pending applications disposed of.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 8TH DAY OF APRIL, 2026
PRESENT
THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE
AND
THE HON'BLE MR. JUSTICE C.M. POONACHA
COMMERCIAL APPEAL NO. 601 OF 2025 C/W COMMERCIAL APPEAL NO. 562 OF 2025
IN COMAP No. 601/2025
BETWEEN:
L AND T FINANCE LIMITED A COMPANY WITHIN THE MEANING OF COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT BRINDAVAN, Digitally PLOT NO. 117, CST ROAD, signed by NIRMALA KALINA, SANTACRUZ (EAST), DEVI MUMBAI-400098 Location: REPRESENTED BY ITS AUTHORIZED SIGNATORY HIGH MR. FAYAZ AHAMED COURT OF KARNATAKA
…APPELLANT
(BY MR. ANURAAG IYER, ADVOCATE FOR SRI. MOHAMMED SHAMEER, ADVOCATE)
AND:
NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025
HC-KAR
A COMPANY WITHIN THE MEANING OF THE COMPANIES ACT, 2013 HAVING ITS REGISTERED OFFICE AT CORNERSTONE HOUSE, 583, 1ST CROSS, 9TH MAIN, OFF CMH ROAD, 1ST STAGE, INDIRANAGAR, BENGALURU-560 038. REP BY ITS AUTHORIZED REPRESENTATIVE MR. KIRAN POONACHA.
HC-KAR
HAVING ITS REGISTERED OFFICE AT THE RUBY, 10TH FLOOR, 29 SENAPATI BAPAT MARG, DADAR (WEST), MUMBAI-400 028. REP BY ITS AUTHORIZED SIGNATORY.
…RESPONDENTS
THIS COMAP IS FILED UNDER SECTION 13 (1A) OF THE COMMERCIAL COURTS ACT, 2015 R/W SECTION 104(1)(i) AND ORDER XLIII RULE 1(r) OF THE CODE OF CIVIL PROCEDURE, 1908 PRAYING TO SET ASIDE THE COMMON ORDER DATED 12.09.2025 ON IA NO. 1 TO 3 PASSED BY THE HONBLE LXXXIV ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU (CCH 85), IN COMMERCIAL ORIGINAL SUIT NO. 918/2025.
IN COMAP NO. 562/2025
BETWEEN:
ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED (ACTING IN ITS CAPACITY AS TRUSTEE OF ARCIL-TRUST-2025-009) A COMPANY UNDER THE COMPANIES ACT 2013, HAVING ITS REGISTERED OFFICE AT THE RUBY 10TH FLOOR, 29 SENAPATI BAPAT MARG DADAR (W) MUMBAI-400028 REPRESENTED BY ITS MANAGER (LEGAL) AND AUTHORIZED REPRESENTATIVE MS VRINDA TANNA
...APPELLANT
(BY MS. ADITI GURJER, ADVOCATE FOR SRI. TEJAS S R, ADVOCATE)
NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025
HC-KAR
AND:
HC-KAR
HAVING ITS REGISTERED OFFICE AT BRINDAVAN PLOT NO.177, CST ROAD, KALINA SANTRA CRUZ (EAST), MUMBAI-400098
REPRESENTED BY ITS AUTHORISED RERPESENTATIVE MR FAYAZ AHAMED
...RESPONDENTS
THIS COMAP IS FILED UNDER SECTION 13(1-A) OF COMMERCIAL COURTS ACT, 2015 PRAYING TO SET ASIDE THE ORDER DATED 12.09.2025 PASSED BY THE LEARNED LXXXIV ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, COMMERCIAL COURT, BENGALURU (CCH-85), IN COM.OS NO.918/2025 ON IA NOS.1 TO 3 (ANNEXURE - A) AND CONSEQUENTLY DISMISS IA NOS.1 TO 3 FILED BY THE RESPONDENT NOS.1 TO 3 UNDER ORDER XXXIX RULES 1 AND 2 OF THE CODE OF CIVIL PROCEDURE, 1908.
THESE APPEALS, COMING ON FOR FINAL HEARING , THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE and
HON'BLE MR. JUSTICE C.M. POONACHA
ORAL JUDGMENT
(PER: HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE)
that the present appeals be disposed of as do not survive, as the respondent nos.1 to 3 have withdrawn the commercial suit.
NC: 2026:KHC:19379-DB COMAP No. 601 of 2025 C/W COMAP No. 562 of 2025
HC-KAR
SD/(VIBHU BAKHRU) CHIEF JUSTICE
SD/(C.M. POONACHA) JUDGE
ND List No.: 1 Sl No.: 76
L & T Finance Limited
Asset Reconstruction Company (India) Limited
Cornerstone Properties Private Limited
Cornerstone Bay East Private Developers Limited
Chrysolite Property Developments Pvt Ltd
Asset Reconstruction Company (India) Limited
Vibhu Bakhru
C.M. Poonacha
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
