Ashok Kumar Suspended Director of M/S Olympic Sportware and v. Mv Sudarshan
Case brief
What is this about?
Karnataka High Court, Bengaluru; WP No. 3017 of 2026 (GM-RES); petitioner Ashok Kumar, suspended director of M/s Olympic Sportware and Equipment Pvt. Ltd. (in liquidation); respondents include liquidator MV Sudarshan (appointed 11.06.2025 in CP(IB) No.31/BB/2022), the company in liquidation (CIN U36931KA1989PTC009742), committee of creditors, and Cosmos Co-op. Bank Ltd., Banaswadi Branch; challenge under Articles 226 and 227 to liquidation sale process and sale deed to auction purchaser alleging procedural violations and denial of natural justice; prayers included declaring sale null and void ab initio, refund of sale consideration with interest, disciplinary proceedings against liquidator, compensation; disposed of at preliminary hearing with direction to NCLT to consider I.A.(filing No) No.2176/2025; no findings on merits; no costs or amounts awarded; single judge Suraj Govindaraj; order dated 17-07-2026.