- 1 - NC: 2025:KHC:582 WP No. 1807 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF JANUARY, 2025 BEFORE THE HON'BLE MS. JUSTICE JYOTI MULIMANI WRIT PETITION NO. 1807 OF 2021 (GM-RES) BETWEEN: 1. K.MUNIRAJU S/O. SRI.KRISHNAPPA, AGED ABOUT 33 YEARS, R/AT NO. 13/49, NEAR BRIGADE MILLENIUM, 14TH CROSS, KOTHANUR MAIN ROAD, PUTTENAHALLI, J.P.NAGAR, 7TH PHASE, BENGALURU-560 078. 2. SRI. MURALI.K S/O. KRISHNAPPA, AGED ABOUT 42 YEARS, R/AT NO. 13/49, NEAR BRIGADE MILLENIUM, 14TH CROSS, KOTHANUR MAIN ROAD, PUTTENAHALLI, J.P.NAGAR, 7TH PHASE, BENGALURU-560 078. …PETITIONERS (BY SRI. A.V.RAGHAVENDRA., ADVOCATE) AND: 1. THE COMPETENT AUTHORITY AND SPECIAL OFFICER FOR IMA GROUP COMPANIES, 2ND FLOOR, BMTC COMPLEX, K.H.ROAD, SHANTHINAGAR, BENGALURU-560 027, REPRESENTED BY ITS COMPETENT AUTHORITY AND SPECIAL OFFICER, SRI. HARSH GUPTA, AGED ABOUT 49 YEARS OF BENGALURU. Digitally signed by PREMCHANDRA M R Location: High Court of Karnataka - 2 - NC: 2025:KHC:582 WP No. 1807 of 2021 2. THE MONETARY ADVISORY AND ITGS GROUP OF ENTITIES, REPRESENTED BY ITS PROMOTER /MANAGING DIRECTOR, SRI. MOHAMED MANSOOR KHAN, AGED ABOUT 43 YEARS, NO.56/4, 1ST FLOOR, NANDI BUILDING, HOSPITAL ROAD, SHIVAJINAGAR, BENGALURU-560 001. …RESPONDENTS (BY SRI. VEERESH BUDHIHAL., ADVOCATE FOR R1) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA, SEEKING CERTAIN RELIEFS. THIS WRIT PETITION IS LISTED FOR PRELIMINARY HEARING, THIS DAY, AN ORDER IS MADE AS UNDER: ORAL ORDER Sri.Veeresh Budhihal., counsel for respondent No.1 has appeared through video conferencing. 2. The order dated 11.01.2021 passed by the XXI Addl. City Civil and Sessions Judge and Prl. Special Judge for CBI cases, Bengaluru (CCH-4) in Misc. No.472/2020 is called into question in this Writ Petition on several grounds as set-out in the Memorandum of Writ Petition. 3. Heard the arguments and perused the Writ papers with care. - 3 - NC: 2025:KHC:582 WP No. 1807 of 2021 4. As against the impugned order, there is an alternate and statutory remedy under Section 16 of the Karnataka Protection of Interest of Depositors in Financial Establishment Act, 2004. Hence, I decline to exercise power under Writ jurisdiction. The Writ Petition is liable to be dismissed. 5. Resultantly, the Writ Petition is dismissed. Sd/- (JYOTI MULIMANI) JUDGE TKN List No.: 3 Sl No.: 7