- 1 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF NOVEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO.15713 OF 2025 (GM-RES) BETWEEN: 1. RAGUNATH RANA SON OF BHAGIRATHI RANA AGED ABOUT 57 YEARS R/AT ALMEN HOUSE 1ST FLOOR CHURCH ROAD, KAVERI NAGAR 3RD MURGESHPALYA, VIMANAPURA, BENGALURU - 560017. 2. JAI PRAKASH TRIPATHI SON OF S/O BALAKRISHNA TRIPATHI AGED ABOUT 64 YEARS R/AT CCC, HQ TC U, AIRFORCE, MEKRI CIRCLE, HEBBAL BANGALORE NORTH, J. C NAGAR BANGALORE, BANGALORE - 560 006. 3. BHARAT SINGH BAGHEL SON OF CHOKHE LAL BAGHEL AGED ABOUT 48 YEARS R/AT 11, 8TH MAIN ROAD, VINAYAKA NAGAR, IFA POST, YELAHANKA, BENGALURU - 560063 Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 4. NEHA PAL DAUGHTER OF BHARAT SINGH BAGHEL AGED ABOUT 34 YEARS R/AT 11, 8TH MAIN ROAD, VINAYAKA NAGAR, IFA POST, YELAHANKA, BENGALURU -560063. 5. ASHOK KUMAR SON OF S/O PANDURANGA RAO AGED ABOUT 68 YEARS R/AT NO.107 7TH MAIN 27TH CROSS, 4TH BLOCK JAYANAGAR, BENGALURU - 560011. 6. VIKAS KAILAJE SON OF VIJAYA KAILAJE AGED ABOUT 36 YEARS R/AT NO 306, 3RD FLOOR, ELEGANCE ENCLAVE APRTMENT, NEO TOWN ROAD ELECTRONIC CITY PHASE1, ELECTRNICS CITY, BENGALURU - 560 100. 7. MALATHI SRIDHARAN W/O SRIDHARAN AGED 71 YEARS, R/AT 582, 1ST CROSS SARJAPURA ROAD, BEHIND KEB OFFICE, RAJANNA LAYOUT, BENGALURU - 562107. 8. B CHANDRA PRARASH SON OF D. BALUSAMY AGED ABOUT 51 YEARS - 3 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 R/AT NO.5/245A JANAKI ILLAM, KUTCHIPALAYAM BUS STOP THOKKAVADI, NAMAKKAL TAMIL NADU-637215. 9. C. JAYAPRADHA SON OF W/O B CHANDRA PRAKASH AGED ABOUT 44 YEARS R/AT NO. 5/245A JANAKI ILLAM, KUTCHIPALAYAM BUS STOP THOKKAVADI, NAMAKKAL TAMIL NADU-637215. 10. VENKATESHAN PANDI SON OF V PANDI AGED ABOUT 49 YEARS R/AT NO.138, 6TH CROSS ROAD, NEAR DATTATREYA TEMPLE, GURUDATTA LAYOUT, HOSAKEREHLLI, BANASHANKARI 3RD STAGE, BENGALURU - 560 085. 11. RAVINDRA KUMAR SHARMA SON OF SHIV BACHAN SHARAMA AGED ABOUT 36 YEARS R/AT 511E, VIMAN NAGAR P.O, HARJINDER NAGAR, KANPUR, UP-208007. 12. GIRISH GOVINDRAY NAIK SON OF GOVINDRAY MADAYYA NAIK AGED ABOUT 33 YEARS R/AT A/9, BHAWANI SOCIETY, (CHS), BOMBAY- POONA ROAD, THANE-400-605. - 4 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 13. RAJENDRA KUMAR SON OF SRI SHANKARLAL BAGHEL AGED ABOUT 54 YEARS R/AT 303, DYNAMIC GREENS APT BSF, STS ROAD, HUNSAMORANAHALLI, BENGALURU - 562 157. 14. VIDYA SAGAR SHARMA SON OF HANNAR SHARMA AGED ABOUT 58 YEARS R/AT 523 VIMAN NAGAR, HARI INDER NAGAR KANPUR -208007. 15. SHESH NARAIN MISRA SON OF R.M. MISRA AGED ABOUT 62 YEARS R/AT R/ST.407 KATRA VILLAGE RAJATSANER POST OFFICE, BADLAPA, UTTAR PRADESH-222-125. 16. SUBASH KUMAR SON OF DHARMDEO SINGH AGED ABOUT 47 YEARS R/AT BARA BASANTPUR, POST-DAULATPUR, ARRAH, BHOJPUR, BIHAR-802301. 17. DIVYA C SAJJAN W/O AVINASH KUSTAGI AGED ABOUT 38 YEARS R/AT NO.10 VINAYAKA LAYOUT, NEAR CHITRAKOOTA SCHOOL NAGADEVARNA HALLI, - 5 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 BANGALORE VISWAVIDALAYA BENGALURU - 560 056. 18. K.M. YATHISH SON OF K. N MALLAPPA AGED ABOUT 43 YEARS R/AT NO. 165 KADUR TALUK, KANCHAGALU BIDRE KARNATAKA - 577138. 19. H.N. SUJAYA SON OF LATE H B NACHAPPA AGED ABOUT 64 YEARS VAT NO. 136/10, GEMINI HOUSE, 2ND FLOOR 2ND MAIN, GRAPE GARDEN, EGIPURA MAIN ROAD, VIVEK NAGAR BENGALURU - 560 047. 20. HOTTEGADA N SUGUNA S/O LATE H B NACHAPPA AGED ABOUT 55 YEARS AT NO.218 VIRAJPET TALUK, GONIKOPPALU, KAIKERI, KODAGU, KARNATAKA - 571213. 21. SHAMBULINGANAGOUDA S/O DEVENDRAPPA JAVALI AGED ABOUT 49 YEARS R/AT NO 9-3-226/5 NEAR SVE M SCHOOL KOPPAL KARNATAKA -583231. - 6 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 22. VISHAL S/O R K PARASHAR AGED ABOUT 42 YEARS R/AT NO.1/1148 SHIVAJI MARG T ROAD NEAR SJD MEMORIAL ENGLISH SCHOOL, OLD ETAH CHUNGI, KOLI, ALIGARH, UTTAR PRADESH-202001. 23. ABHISHEK S/O R K PARASHAR AGED ABOUT 37 YEARS R/AT NO.1/1148 SHIVAJI MARG T ROAD NEAR SJD MEMORIAL ENGLISH SCHOOL, OLD ETAH CHUNGI, KOLI, ALIGARH, UTTAR PRADESH-202001. 24. NELLIPARTHI APPARAO SON OF APPARAO AGED ABOUT 42 YEARS R/AT MAIN ROAD, SARAVAKOTA, SRIKAKULM, ANDHRA PRADESH-532426. 25. BANDARU SATYA RAO SON OF BANDARU RAMU AGED ABOUT 41 YEARS R/AT NO 1-122 DIGUVA VEEDHI, PEDAVEMALI, INUGANTIVENKANNA AGRAHARAM, GANTYADA, VIZIANAGARAM, ANDHRA PRADESH - 535215. - 7 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 26. HASEENA IMAMUDDIN WIFE OF IMAMUDDIN M AGED ABOUT 48 YEARS R/AT SHIVA SAI APARTMENT, 63/2A HOSUR MAIN ROAD, HEBBAGODI BANGALORE, BENGALURU - 560 100. 27. SHEKAR SULIBHAVI SON OF SIDAPPA AGED ABOUT 67 YEARS R/AT NO.016 'A' BLOCK, SAI SIRI HERITAGE, DR VISHNUVARDHAN ROAD, KODIPALYA CIRCLE, KENGERI GOLLAHALLI, BENGALURU - 560060. 28. KRISHNAMURTHY KL SON OF LAKSHMAN RAO AGED ABOUT 56 YEARS R/AT NO.19, 6TH CROSS, ANDRA MUNIYAPPA LAYOUT, CHELIKERE, BENGALURU - 560043. 29. V K ARUN KUMAR SON OF THILAKAM AGED ABOUT 43 YEARS R/AT PLOT NO 208, OLD NO.19, C.N DWARAKA LAYOUT, KEMBAHTALLI, 80 FEET, BDA ROAD, GOTHIGERE POST, BENGALURU - 560083. - 8 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 30. V. DEEPA W/O ARUN KUMAR AGED ABOUT 38 YEARS R/AT PLOT NO.208, OLD NO.19, C.N DWARAKA LAYOUT, KEMBAHTALLI, 80 FEET, BDA ROAD, GOTHIGERE POST, BENGALURU - 560083. 31. PAVAN RAJ LOHIYA D/O SHIVANARAYANA LOHIYA AGED ABOUT 48 YEARS R/AT NO. SMQ 90/1, SGT, P R LOHIYA AKASH VIHAR AIR FORCE CAMP NEAR BRAND FACTORY MARATHAHALLI BENGALURU - 560037. 32. ASHOK KUMAR KESHARI S/O LATE MADHO LAL KESHRI AGED ABOUT 59 YEARS, R/AT SMQ NO.75-3, MP CAMP AIRFORCE MURUGESHPALYA VIMANAPURA, BENGALURU -560 017. 33. KRISHAN MURARI SHRIVASTAVA SON OF HARNARAYAN SHRIVASTAVA AGED ABOUT 60 YEARS SHRIVASTAVA VAT F-18, VIJAYAPURAM, SEEPAT ROAD, BECL (P), BILASPUR, CHATTISGARH - 495-006. - 9 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 34. SUNITA SHRIVASTAVA SON OF KRISHNA MURARI SHRIVASTAVA AGED ABOUT 60 YEARS /AT F-18, VIJAYAPURAM, CEPAT ROAD, SECL (P), BILASPUR, CHATTISGARH-495-006. 35. RAYAPUDI HARATHI W/O LAKSHMAN RAO AGED ABOUT 47 YEARS R/AT 1-4-358/2RD NO.10 SATYA NAGAR, KOTHAPET, SAROORNAGAR, RANGAREDDI, ANDHRA PRADESH- 500035. 36. SUDARSHAN SINGH SON OF RAMDHAR SINGH AGED ABOUT 61 YEARS R/AT ANAR, BIHIYA, BHOJPUR, BIHAR - 802152. 37. MUMTAZ BEGUM W/O S. AYAZ AHMED AGED ABOUT 57 YEARS R/AT NO.399/1, BEML NAGAR KGF, BANGARPET- 563115. 38. AYAZ AHMED SON OF ADBUL SADIQ AGED ABOUT 68 YEARS R/AT NO.399/1, BEML NAGAR, KGF, BANGARPET - 563 115. - 10 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 39. KARISHMA SUBHASH D/O SUBASH CHANDRA NIRALA AGED ABOUT 27 YEARS R/AT NO.610, MB 6, KHB PHASE-1 SURYA NAGAR CHANDRAPURA ANEKAL 560099. 40. ANUPAM SUBHASH S/O SUBASH CHANDRA NIRALA AGED ABOUT 24 YEARS R/AT NO.610, MB 6, KHB PHASE-1 SURYA NAGAR CHANDRAPURA ANEKAL 560099. 41. NITYANAND S NAIK SON OF SOMAYYA NAYAK AGED ABOUT 54 YEARS R/AT SHANTIKA NILAYA, VIVEK NAGAR, KUMTA (UK) 581 343. 42. RAJENDER SINGH MALIK SON OF LATE MEHER SINGH MALIK AGED ABOUT 59 YEARS R/AT VPO-TIHAR, MALIK THE-GOHANA SONIPAT DIST, HARYANA. 43. SUNIL KUMAR GUPTA SON OF RADHA PRASAD GUPTA AGED ABOUT 45 YEARS R/AT 134 B DADA NAGAR INDUSTRIAL AREA, KANPUR - 208022. - 11 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 44. MAHENDRA SINGH YADAV AGED ABOUT 55 YEARS SON OF SRI. GHANSHYAM SINGH R/AT 321, II FLOOR, 8TH CROSS SANJAY NAGAR, IN FRONT OF BRAND FACTORY, MARATHAHHALLI, MARATHAHHALLI COLONY, BENGALURU - 560037. 45. HARSHA SAJJAN SON OF SAJJAN AGED ABOUT 35 YEARS R/AT SAJJAM NIVAS 563/A, SALAWADGI TALUK BASAVANU BAGEWADI BIJAPUR DISTRICT - 586208. 46. MAHANTAPPA MALLAPPA SAJJAN SON OF MALLAPPA AGED ABOUT 38 YEARS R/AT RTPS SHAKTINAGAR POST, RAICHUR DISTRICT - 584170. …PETITIONERS (BY SRI. VASANTH KUMAR N., ADVOCATE) AND: 1. SRI. RAMOJI GOWDA S/O LATE NARAYANA GOWDA, AGED ABOUT 52 YEARS, R/AT NO.337/3, HULIMANGALA, JIGANI HOBLI, ANEKAL TALUK, BENGALURU - 560 106. - 12 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 2. SMT. CHAITRA PATIL W/O LATE BABU S. PATIL, AGED ABOUT 45 YEARS, 3. SRI. SUSHANTH B PATIL S/O LATE BABU S. PATIL, AGED ABOUT 24 YEARS, 4. KUM. PRERANA B PATIL S/O LATE BABU S PATIL, AGED ABOUT 22 YEARS, RESPONDENTS NO.2 TO 4 ARE RESIDING AT NO.16 AND 17, SUSHANTHA NILAYA, CLASSIC COLONY, BOMMASANDRA, ANEKAL TALUK, BENGALURU - 560 099. 5. SRI. SUDHAKARA K R S/O LATE K S RAMAIAH, AGED ABOUT 51 YEARS R/AT NO.16, RAMASWAMY NILAYA, RK LAYOUT, BOMMASANDRA, ANEKAL TALUK, BENGALURU - 560 099. 6. SRI SRINIVAS REDDY S/O BALAKRISHNA REDDY, AGED ABOUT 40 YEARS, R/AT NO.337/1, HULIMANGALA, JIGANI HOBLI, ANEKAL TALUK BENGALURU - 560 106. - 13 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 7. THE COMPETENT AUTHORITY M/S. DREAMZ INFRA INDIA PVT LTD. DREAMS SAMPURNA PROJECT AND ADDITIONAL REGIONAL COMMISSIONER BMTC BUILDING, C BLOCK, II FLOOR, KH ROAD, SHANTHINAGAR, BENGALURU - 560 027. …RESPONDENTS (BY SRI. VEERESH BUDIHAL, ADVOCATE FOR R7) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE ORDER DATED 12.07.2024 PASSED BY THE LEARNED XCI ADDITIONAL CITY CIVIL AND SESSION SPL. JUDGE IN MISC. NO.503/2024 RELEASING THE PROPERTY IN ANNEXURE A. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER 1. In this writ petition, petitioners are assailing the order dated 12.07.2024 passed by the learned Special Judge in Misc.No.503/2024 (Annexure-A). - 14 - HC-KAR NC: 2025:KHC:45774 WP No. 15713 of 2025 2. Having taken note of the submissions made by the learned counsel appearing for the parties, the petitioners are having alternative and efficacious remedy under S.16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004. 3. In that view of the matter, reserving liberty to the petitioners to approach by way of appeal, the writ petition is accordingly, dismissed. SD/- (E.S.INDIRESH) JUDGE sac List No.: 1 Sl No.: 9