Back
M/S. KARNATAKA STATE INDUSTRIAL INVESTMENT – Appellant
Versus
M/S. FLORA INTERNATIONAL LTD – Respondent
MFA 4738/2016
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 15TH DAY OF SEPTEMBER, 2021
PRESENT
THE HON9BLE MRS.JUSTICE S.SUJATHA
AND
THE HON9BLE MR. JUSTICE RAVI V. HOSMANI
M.F.A.No.4738/2016 c/w
M.F.A.No.4685/2016, M.F.A.No.4686/2016,
M.F.A.No.5950/2016 & M.F.A.No.5951/2016 (SFC)
IN M.F.A.No.4738/2016:
BETWEEN :
M/s KARNATAKA STATE INDUSTRIAL INVESTMENT
& DEVELOPMENT CORPORATION LTD.,
HAVING ITS REGISTERED OFFICE AT
NO.49, KHANIJA BHAVAN, 4TH FLOOR,
EAST WING, RACE COURSE ROAD,
BENGALURU - 560 001
REP BY ITS ASST. GENERAL MANAGER
SMT.S.R.SHAKUNTALAMMA
...APPELLANT
(BY SRI V.F.KUMBAR, ADV.)
AND :
1 .
M/s FLORA INTERNATIONAL LTD.,
A PUBLIC LIMITED COMPANY,
INCORPORATED AND REGISTERED
UNDER THE COMPANIES ACT,
REGISTERED OFFICE NO.376/35,
6TH CROSS, WILSON GARDEN,
BENGALURU - 560 027
PLACE OF BUSINESS AT SY.NO.411,
ANEKAL, KASABA HOBLI, ANEKAL
- 2 -
BENGALURU DISTRICT-562 106
REP BY ITS CHAIRMAN SHRI M.S.A.ALEEM
2 .
SHRI M.S.A.ALEEM
S/O M.SYED ABBAS,
AGED ABOUT 63 YEARS,
NO.36, 2ND CROSS, DE-COSTA SQUARE,
COOKE TOWN, BENGALURU - 560 087.
3 .
SMT.ANURADHA
W/O V.R.NAGABHUSHAN,
AGED ABOUT 53 YEARS,
R/AT NO.23, MADHURI, 9TH CROSS,
J.P.NAGAR I PHASE, ITI LAYOUT,
BENGALURU - 560 078.
4 .
SHRI M.S.C.PASHA
S/O SYED ABBAS,
AGED ABOUT 55 YEARS,
R/AT NO.36, 2ND CROSS,
DE-COSTA SQUARE, COOKE TOWN,
BENGALURU - 560 087.
5 .
M/s FLORA SILKS LIMITED
A PUBLIC LIMITED COMPANY,
INCORPORATED AND REGISTERED
UNDER THE COMPANIES ACT,
HAVING REGISTERED OFFICE
NO.376/35,6TH CROSS, WILSON GARDEN,
BENGALURU - 560 027
REP BY ITS CHAIRMAN
SHRI M.S.A.ALEEM
&RESPONDENTS
(BY SRI S.A.H.RAZVI, ADV. FOR R-1, R-2, R-4 & R-5;
SRI K.SUMAN, ADV. FOR R-3.)
THIS M.F.A. IS FILED UNDER SECTION 32(9) OF THE
STATE FINANCIAL CORPORATIONS ACT, AGAINST THE ORDER
DATED 31.05.2016 PASSED IN MISCELLANEOUS PETITION
NO.128/2010 ON THE FILE OF THE PRINCIPAL DISTRICT
JUDGE,
BENGALURU
RURAL
DISTRICT,
BENGALURU,
ALLOWING PETITION FILED UNDER SECTION 31(1)(aa) OF THE
ACT.
- 3 -
IN M.F.A.No.4685/2016:
BETWEEN :
1 .
M/s FLORA INTERNATIONAL LTD.,
NO.376/35, 6TH CROSS, WILSON GARDEN,
BANGALORE-560027
REP. BY ITS DIRECTOR M.S.A.ALEEM
2 .
SHRI M.S.A.ALEEM
S/O SAYED ABBAS,
AGED ABOUT 64 YEARS,
R/O NO.36, 2ND CROSS, D9CASTA SQUARE,
COOKE TOWN, BENGALURU-560087
REP. BY SPA HOLDER
N.B.CHENGAPPA
S/O LATE BHEEMAIAH,
AGED ABOUT 33 YEARS,
R/AT NO.191, DAISY BLOCK
FLOT No.A2, LAL BAGH SIDDAPUR,
JAYNAGARA 1ST BLOCK,
BANGALORE-560033
3 .
M/s FLORA SILKS LIMITED.,
NO.376/35, 6TH CROSS,
WILSON GARDEN,
BANGALORE-560027
REP BY ITS DIRECTOR M.S.A.ALEEM ...APPELLANTS
(BY SRI S.A.H.RAZVI, ADV.)
AND :
1 .
M/s KARNATAKA STATE INDUSTRIAL
AND INFRASTRUCTURE DEVELOPMENT
CORPORATION LTD.,
HAVING ITS REGISTERED OFFICE AT
NO.49, KHANIJA BHAVAN, 4TH FLOOR,
EAST WING, RACE COURSE ROAD,
BANGALORE-560 001
REP. BY ITS MANAGER (LEGAL).
- 4 -
2 .
SMT.ANURADHA
W/O V.R.NAGABHUSHAN
AGED ABOUT 54 YEARS,
R/AT No.23, MADHURI, 9TH CROSS
I PHASE, ITI LAYOUT, J.P.NAGAR,
BENGALURU-560078.
3 .
M.S.C.PASHA
S/O SYED ABBAS
AGED ABOUT 62 YEARS,
R/O NO.36, D9CASTA SQUARE,
COOKE TOWN,
BENGALURU-560084
&RESPONDENTS
(BY SRI V.F.KUMBAR, ADV. FOR R-1;
SRI K.SUMAN, ADV. FOR R-2.)
THIS M.F.A. IS FILED UNDER SECTION 32(9) OF THE
STATE FINANCIAL CORPORATION ACT, 1951, AGAINST THE
JUDGMENT DATED 31.05.2016 PASSED IN MISC. PETITION
NO.109/2010 ON THE FILE OF THE PRINCIPAL DISTRICT
JUDGE,
BENGALURU
RURAL
DISTRICT,
BENGALURU,
ALLOWING THE PETITION UNDER SECTION 31(1)(a) AND (aa) OF
THE STATE FINANCIAL CORPORATIONS ACT.
IN M.F.A.No.4686/2016:
BETWEEN :
M/s FLORA INTERNATIONAL LTD.,
A PUBLIC LIMITED COMPANY
INCORPORATED AND REGISTERED
UNDER THE COMPANIES ACT,
HAVING REGISTERED OFFICE AT
NO.376/35, 6TH CROSS, WILSON GARDEN,
BENGALURU-560027
(DELETED VIDE COURT
ORDER DATED 22.08.2016.)
1 .
SHRI M.S.A.ALEEM
S/O M.SAYED ABBAS,
A
