Karnataka High Court
COMAP/332/2026 of M/S KARUNAI GRANITES PRIVATE LIMITED Vs KARNATAKA STATE FINANCIAL on 1 October 2026
CNR: KAHC010436822026 NC: 2026:KHC:54806-DB COMAP No. 332 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF OCTOBER, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN COMMERCIAL APPEAL NO. 332 OF 2026 BETWEEN: 1. M/S
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 1ST DAY OF OCTOBER, 2026
PRESENT
THE HON'BLE MR. JUSTICE D K SINGH
AND
THE HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN
COMMERCIAL APPEAL NO. 332 OF 2026
BETWEEN:
1.
M/S KARUNAI GRANITES PRIVATE LIMITED
A PRIVATE LIMITED COMPANY INCORPORATED
UNDER THE COMPANIES ACT, 1956
HAVING ITS REGISTERED OFFICE AT
NO.3/555, KARUNAI NAGAR
JAGADEVIPALAYAM VILLAGE AND POST
BARUGUR TALUK
KRISHNAGIRI DISTRICT-635 203, TAMIL NADU
REPRESENTED HEREIN BY ITS
MANAGING DIRECTOR/AUTHORIZED SIGNATORY
SRI KARUNAKARAN
…APPELLANT
(BY SRI RUPESH KUMAR S, ADVOCATE [ABSENT])
AND:
1.
KARNATAKA STATE FINANCIAL
CORPORATION (KSFC)
A BODY CORPORATE ESTABLISHED
UNDER THE STATE FINANCIAL
CORPORATIONS ACT, 1951
HAVING ITS HEAD OFFICE AT
NO.1/1, THIMMAIAH ROAD
VASANTHNAGAR
BENGALURU-560 052
Digitally
signed by
VASANTHA
KUMARY B
K
Location:
HIGH
COURT OF
KARNATAKA
HC-KAR
2.
M/S. PRASHANTH MINERALS
EXPORT PRIVATE LIMITED
A PRIVATE LIMITED COMPANY INCORPORATED
UNDER THE COMPANIES ACT, 1956
HAVING ITS REGISTERED OFFICE AT NO.183
"VAIBHAV", 2ND CROSS, I BLOCK
SBM ROAD, KORAMANGALA
BENGALURU - 560 034
3.
SHRI N SRIDHAR
S/O N JAYARAMI REDDY
RESIDING AT NO. 16/2
ANJANEYA TEMPLE STREET
V V PURAM, BANGAORE-560 004
4.
SHRI N UDAY KUMAR
S/O SRI B V KRISHNA RAO
RESIDING AT NO. 3-C
'JEEVAN APARTMENTS', NO. 219
R.M.V. EXTENSION
BENGALURU-560 080
…RESPONDENTS
THIS COMMERCIAL APPEAL IS FILED UNDER SECTION
13(1A) OF THE COMMERCIAL COURTS ACT, 2015, PRAYING TO
ALLOW THE COMMERCIAL APPEAL AND SET ASIDE THE ORDER
DATED 01.06.2026 PASSED BY THE XI ADDITIONAL DISTRICT
AND SESSIONS JUDGE (DEDICATED COMMERCIAL COURT)
THEREBY
ALLOWING
THE
APPLICATION
FILED
BY
THE
APPELLANT HEREIN UNDER ORDER IX RULE 7 OF THE CODE OF
CIVIL PROCEDURE THEREBY SETTING ASIDE THE ORDER
DIRECTING THE APPELLANT HEREIN TO DEPOSIT A SUM OF
RS.40.82 CRORES AS CONDITION PRECEDENT TO SET ASIDE
THE EX PARTE ORDER.
THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
HC-KAR
CORAM: HON'BLE MR. JUSTICE D K SINGH
and
HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN
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ORAL JUDGMENT
(PER: HON'BLE MR. JUSTICE D K SINGH)
1. There is no representation on behalf of the appellant to press this appeal either in the first call or in the revised call. In view thereof, we have no option but to dismiss the appeal for non-prosecution.
2. Accordingly, the appeal is dismissed for non-prosecution.
In view of dismissal of the appeal, pending IAs, if any, do not survive for consideration and accordingly, they stand disposed of.
Sd/- (D K SINGH) JUDGE
Sd/- (H.SHANTHI BHUSHAN) JUDGE
BKV CT:SN List No.: 2 Sl No.: 4