✦ Karnataka High Court

PREMIER FABRIC SOURCING LLP, A LIMITED LIABILITY PARTNERSHIP FIRM v. THE COMPETENT AUTHORITY

Case at a glance

Outcome

Dismissed

failing which, the appeal shall stand dismissed without further

Key paragraphs

  • Para 44. N. NANJUDAIAH, S/O S. NARAYANAPPA, AGED ABOUT 47 YEARS, RESIDING AT NO.A-408, BRIGADE APARTMENT, MALLESHWARAM BENGALURU. ……Respondents This Miscellaneous First Appeal filed U/S 16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, against the order dated 08.06.2022 passed in Misc.…

Judgment

THE HON’BLE MR. JUSTICE HANCHATE SANJEEVKUMAR MISCELLANEOUS FIRST APPEAL NO. 5260 OF 2024 BETWEEN

#2. PREMIER FABRIC SOURCING LLP, A LIMITED LIABILITY PARTNERSHIP FIRM HAVING ITS OFFICE AT NO.15/1, 1ST MAIN, 6TH CROSS, KALIDASA ROAD, GANDHINAGAR, BANGALORE. REPRESENTED BY GPA HOLDER KARIGOWDA. JAGDISH HEMANTH CHOUDARY S/O HEMANTH KUMAR CHOUDARY AGED ABOUT 41 YEARS, RESIDING AT NO.69, H B SAMAJA ROAD, BASAVANGUDI, BANGALORE. REPRESENTED BY GPA HOLDER KARIGOWDA. ……..Appellants (By SRIYUTHS: SANJAY H. SETHIYA, ARPITHA ANANTHARAM H., SUMEDHA SRINATH, NISHANTH S., NAVEEN NAIKA M., AKSHATHA PRASAD M.D., Advocates) AND

#1. THE COMPETENT AUTHORITY FOR-SRI KANVA SOUHARDHA CREDIT CO-OPERATIVE LIMITED AND KANVA GROUP OF COMPANIES OFFICE OF THE MANAGING DIRECTOR, KARNATAKA PUBLIC LAND CORPORATION, URBAN DC OFFICE BUILDING, K.G. ROAD, BENGALURU. MFA.No.5260/2024 -------------------------- 2. SRI KANVA SOUHARDHA CREDIT 2 CO-OPERATIVE LIMITED, KANVA GROUP OF COMPANIES REPRESENTED BY ITS FOUNDER DIRECTOR/ DIRECTOR AND PROPRIETOR, N. NANJUNDAIAH, S/O S. NARAYANAPPA, AGED ABOUT 47 YEARS, RESIDING AT NO.A-408, BRIGADE APARTMENT, MALLESHWARAM, BENGALURU.

#3. KANVA DEVELOPERS REPRESENTED BY ITS PROPRIETOR N. NANJUNDAIAH, S/O S. NARAYANAPPA AGED ABOUT 47 YEARS, RESIDING AT NO.A-408, BRIGADE APARTMENT, MALLESHWARAM, BENGALURU.

#4. N. NANJUDAIAH, S/O S. NARAYANAPPA, AGED ABOUT 47 YEARS, RESIDING AT NO.A-408, BRIGADE APARTMENT, MALLESHWARAM BENGALURU. ……Respondents This Miscellaneous First Appeal filed U/S 16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, against the order dated 08.06.2022 passed in Misc. No.483/2022 on the file of the XCI ADDL. CITY CIVIL AND SESSIONS JUDGE AND SPECIAL JUDGE for KPIDFE CASES, BENGALURU (CCH-92), allowing the petitions filed under section MFA.No.5260/2024 -------------------------- 5(2) of the Karnataka Protection of Interest of Depositors in 3 Financial Establishments Act, 2004. This Miscellaneous First Appeal is coming on for Orders this day, the Court made the following: ORAL ORDER Two weeks time is granted to comply the office objections, failing which, the appeal shall stand dismissed without further reference to the Court. Sd/- JUDGE NOTE: Court Order dt.01.04.2025 not complied with. Hence Appeal stands dismissed. COPY Sd/- ASSISTANT REGISTRAR T By : MK R By : DS C By : BR

Questions this judgment answers

What did the Court decide in this case?

The Court recorded the following disposition: failing which, the appeal shall stand dismissed without further

Which statutory provisions did this judgment involve?

Financial Establishments Act; Financial Establishments Act, 2004.

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