Karnataka High Court
COMAP/349/2026 of MR RAJAT RAJESH MAHINDRU Vs PURPLE ROCK INFRA PRIVATE LIMITED on 23 September 2026
CNR: KAHC010479232026 NC: 2026:KHC:52508-DB COMAP No. 349 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF SEPTEMBER, 2026 PRESENT THE HON'BLE MR. JUSTICE D K SINGH AND THE HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN COMMERCIAL APPEAL NO. 349 OF 2026 BETWEEN: MR.
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 23RD DAY OF SEPTEMBER, 2026
PRESENT
THE HON'BLE MR. JUSTICE D K SINGH
AND
THE HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN
COMMERCIAL APPEAL NO. 349 OF 2026
BETWEEN:
MR. RAJAT RAJESH MAHINDRU
S/O RAJESH SATYAPAL MAHINDRU,
AGED ABOUT 36 YEARS,
RESIDENT OF B-108, STAR GALAXY
OPP-AGAM CROSS VIP ROAD
VESU, SURAT, GUJARAT - 395 007.
…APPELLANT
(BY SMT. SHRISTI WIDGE, ADVOCATE FOR
SRI. SANJANTHI SAJAN POOVAYYA, ADVOCATE)
AND:
1.
PURPLE ROCK INFRA PRIVATE LIMITED
A COMPANY INCORPORATED UNDER THE
COMPANIES ACT, 2013
HAVING ITS REGISTERED OFFICE AT:
NO.B-1/E-14, MOHAN COOPERATIVE
INDUSTRIAL AREA, NEW DELHI
DELHI, INDIA - 110044
REPRESENTED BY ITS AUTHORISED REPRESENTATIVE
MS. PURNIA SHARMA, DIRECTOR.
2.
MRS. NISHA MAHINDRU
D/O SATYAPAL MALHOTRA,
AGED: MAJOR
RESIDENT OF B-108, STAR GALAXY
Digitally
signed by
VASANTHA
KUMARY B K
Location:
HIGH
COURT OF
KARNATAKA
HC-KAR
OPP-AGAM CROSS
VIP ROAD, VESU, SURAT
GUJARAT - 395007.
3.
MS. RICHA MAHENDRU
D/O SATYAPAL MALHOTRA
AGED MAJOR
RESIDENT OF B-108, STAR GALAXY,
OPP-AGAM CROSS VIP ROAD
VESU, SURAT GUJARAT - 395007.
4.
WOOP AMUSEMENT PRIVATE LIMITED
A COMPANY INCORPORATED UNDER
THE COMPANIES ACT, 2013
HAVING ITS UNIT AT:
WPMV + 23G, NEAR LADDOOS VARTHUR RD
VARTHUR, BENGALURU-560087
KARNATAKA
HAVING ITS REGISTERED OFFICE AT:
234-235 B, NR. DECATHLON
DUMAS ROAD, BHIMPORE, VESU, SURAT
GUJARAT, INDIA - 395 0007
REPRESENTED BY ITS MANAGING DIRECTOR
MR. RAJAT RAJESH MAHINDRU.
5.
HDFC BANK
GLOBAL TECH PARK, DIVYASREE CHAMBERS
GROUND FLOOR, NO.11
O SHAUGHNESSY RD
LANGFORD TOWN, BENGALURU-560025
KARNATAKA
HAVING OFFICES AT
KILVANI NAKA, SILVASSA BRANCH
GROUND FLOOR, SAMRUDDHI SHOPING CENTRE
KILVANI NAKA SILVASSA
DADARA AND NAGAR HAVELI, 396230
REPRESENTED HERE BY ITS
BRANCH MANAGER.
HC-KAR
6.
ICICI BANK
SOBHA PEARL
1, COMMISSARIAT RD
OFF MAHATMA GANDHI ROAD
ASHOK NAGAR, BENGALURU-560025
KARNATAKA
HAVING BRANCH AT
NEW MAGDALLA ROAD BRANCH
SHOP NO.1, GROUND FLOOR, TOWER A
SWASTIK UNIVERSAL, UDHNA MAGDALLA ROAD
SURAT, GUJARAT - 395 002
REPRESENTED HERE BY ITS BRANCH MANAGER.
…RESPONDENTS
(BY SRI. ADITYA CHATTERJEE, ADVOCATE FOR
SRI. Y. SANKEERTH VITTAL, ADVOCATE FOR C/R1; SRI. ABRAHAM JOSEPH, ADVOCATE AND
SRI. RAUNAQ CHATTERJEE, ADVOCATE FOR R2 TO R4; R5 AND R6 ARE SERVED)
THIS COMAP IS FILED UNDER SECTION 13(1A) OF
COMMERCIAL COURT ACT, 2015 READ WITH ORDER XLIII
RULE 1(R) OF CPC, PRAYING TO SET ASIDE THE ORDER DATED
20.06.2026 IN I.A.1,2 AND 5 IN COMMERCIAL OS NO.58/2026
(ANNEXURE A) PENDING BEFORE THE HON'BLE XI ADDITIONAL
DISTRICT AND SESSIONS JUDGE, (COMMERCIAL COURT)
BENGALURU
RURAL
DISTRICT
AT
BENGALURU
AND
CONSEQUENTLY DISMISS I.A. NO.1 AND 2 AND ALLOW
I.A.NO.5 IN COMMERCIAL OS NO.58/2026 PENDING BEFORE
THE HON'BLE XI ADDITIONAL DISTRICT AND SESSIONS
JUDGE, (COMMERCIAL COURT), BENGALURU RURAL DISTRICT
AT BENGALURU.
THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE D K SINGH
and
HON'BLE MR. JUSTICE H.SHANTHI BHUSHAN
HC-KAR
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ORAL JUDGMENT
(PER: HON'BLE MR. JUSTICE D K SINGH)
The present appeal under Section 13(1A) of the Commercial Courts Act 2015 has been filed impugning the order dated 20.06.2026 passed on I A Nos.1, 2 and 5 in Commercial O.S.No.58/2026 pending before the Court of XI Additional District and Sessions Judge (Commercial Court), Bengaluru Rural District at Bengaluru.
2. The appellant is defendant No.1, before the Commercial Court. The Commercial Court vide impugned order dated 20.06.2026 has allowed the I.A.Nos.1 and 2 filed by the plaintiff/respondent No.1 herein and dismissed I.A.No.5 filed by defendant No.1. Temporary injunction has been granted against the defendant/appellant or any person claiming to or under them, restraining them from altering the shareholding structure or pattern of defendant No. 4 Company (Respondent No.4 in present appeal) on the date of the suit, including through issuance of fresh shares to any of the defendants or any third parties or by alienation or by any other means until
HC-KAR
disposal of the suit. It has been further directed that the Banks, i.e., defendant Nos.5 and 6 - HDFC Bank and ICIC Bank (Respondent Nos. 5 and 6 in present appeal) shall freeze the debit operation in the Bank accounts of the respondent No.4/defendant No.4 - Company bearing account Nos.5020011236061 and 750605500287 until further orders.
3. Heard Smt. Shristi Widge, learned counsel for Smt. Sanjanthi Sajan Poovayya, learned counsel for the appellant and Mr. Aditya Chatterjee, learned counsel for respondent No. 1/plaintiff and Sri Abraham Joseph and Sri Raunaq Chatterjee, learned counsel for respondent No.2 to 4.
4. The dispute is in respect of the Shareholding Agreement dated 22.08.2025. In pursuance of said agreement, Rs.10,00,00,000/- admittedly has been paid by the plaintiff(Respondent No.1). However, balance 2.5% shares have not been transferred by the appellant in favour of the plaintiff and therefore, the suit came to be filed for the specific performance of the Shareholding Agreement.
HC-KAR
5. Smt. Shristi Widge, learned counsel for the appellant submits, that as of today in pursuance of interim injunction passed by the Commercial Court, entire shareholding of defendant No.4 Company is freezed, whereas the claim of the plaintiff is only an aspect of 2.5% shares of the Company. She submits that the appellant will transfer 2.5% shares of the defendant No. 1 / Respondent No.4 within one week from today in favour of the plaintiff, which should be subject to the final outcome of the suit.
6. We have considered the submissions of learned counsel for the parties.
7. Learned counsel Mr. Aditya Chatterjee does not have any objection to such a submission of learned counsel appearing for the appellant.
8. We therefore, dispose of this appeal with the following modification in the impugned order :-
ORDER
HC-KAR
a. The appellant shall transfer 2.5% shares of defendant No.
4, in favour of the plaintiff within period of one week from today.
b. This transfer of shares will be subject to the final outcome of suit pending in Commercial O.S.No.58/2026.
c. All contentions of the parties are left open to be advanced before the Commercial Court in support and against the suit.
d. The capital left in the current accounts in the two Banks shall remain frozen till the disposal of the suit. e. We expect the trial Court/Commercial Court to finalize the suit proceedings expeditiously. The parties should cooperate in early disposal of the suit.
Sd/- (D K SINGH) JUDGE
Sd/- (H.SHANTHI BHUSHAN) JUDGE
NG CT:SM List No.: 1 Sl No.: 11