- 1 - HC-KAR NC: 2025:KHC:47242 WP No. 4869 of 2020 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF NOVEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO.4869 OF 2020 (GM-RES) BETWEEN: 1. KANSA PROPERTIES LLP HAVING OFFICE AT SK ARCADE, 3RD FLOOR, NO.33/1, DODDA KANNALLI, CARMALARAM POST, SARJAPUR ROAD, BENGALURU -560 035, REPRESENTED HEREIN BY ITS MANAGING PARTNER, MR. SABU THOMAS. 2. MR. MUNIYAPPA SON OF MR. MUNIVERAPPA, AGED ABOUT 70 YEARS, RESIDING AT NO. 311, OLD POST OFFICE BUILDING, PANATHUR VILLAGE, PANATHUR POST, BANGALORE-560 103. 3. MR. ANANTHASWAMY SON OF LATE MR. MUNIKAVERAPPA, AGED ABOUT 52 YEARS, RESIDING AT NO.311, OLD POST OFFICE BUILDING, PANATHUR VILLAGE, Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:47242 WP No. 4869 of 2020 PANATHUR POST, BENGALURU - 560 103. …PETITIONERS (BY SRI. SHARATH U.M., ADVOCATE FOR SRI. K.R. KRISHNAMURTHY, ADVOCATE) AND: 1. THE STATE OF KARNATAKA REPRESENTED BY THE UNDER SECRETARY TO GOVERNMENT, DEPARTMENT OF REVENUE (SPECIAL CELL) AMBEDKAR VEEDHI, VIDHANA SOUDHA, BENGALURU-560 001. 2. THE ASSISTANT COMMISSIONER AND COMPETENT AUTHORITY (IN RESPECT OF M/S. DREAMZ INFRA INDIA PVT. LTD., M/S. GRUHA KALYAN PVT. LTD., M/S. TGS CONSTRUCTIONS PVT. LTD., AND OTHER ALLIED COMPANIES/ENTITIES) BENGALURU, SOUTH SUB-DIVISION, BENGALURU-560001. …RESPONDENTS (BY SRI. MAHANTESH SHETTAR, AGA FOR R1; SRI. VEERESH BUDIHAL, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED NOTIFICATION DATED 20.06.2019, - 3 - HC-KAR NC: 2025:KHC:47242 WP No. 4869 of 2020 PUBLISHED ON THE KARNATAKA GAZETTE, AND PUBLISHED IN KANNADA PRABHA NEWSPAPER ON 27.07.2019, ISSUED BY THE RESPONDENT NO.1 IN EXERCISE OF THE POWERS CONFERRED U/S 3(2) OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004 (AT ANNX-A) IN SO FAR AS THE PROPERTY BEARING SY.NO.105 (OLD SY.NO.54) MEASURING TO AN EXTENT OF 1 ACRE 26 GUNTAS, AT PANATHUR VILLAGE, VARTHUR HOBLI, BANGALORE EAST TALUK IS CONCERNED; AND ETC. 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, petitioner is assailing the Notification dated 20.06.2019 issued by respondent No.1 under S.3(2) of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (for short, the Act). 2. Having taken note of the factual aspects on record and the impugned order, I am of the view that, the petitioner is - 4 - HC-KAR NC: 2025:KHC:47242 WP No. 4869 of 2020 having efficacious remedy before the competent Court, under the Act. 3. In that view of the matter, without expressing any opinion on the merits of the case, the writ petition is accordingly disposed of, reserving liberty to both side parties to avail the remedy as stated above. SD/- (E.S.INDIRESH) JUDGE sac List No.: 1 Sl No.: 5