- 1 - HC-KAR NC: 2025:KHC:41839 WP No. 12284 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 23RD DAY OF OCTOBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO. 12284 OF 2023 (GM-KIADB) BETWEEN: M/S NANDINI MODULARS NO.39, 40 AND 41, 14TH CROSS, BALAJI NAGAR,KARIHOBANAHALLI, THIGALARAPALYA MAIN ROAD, NEAR PEENYA 2ND STAGE, BENGALURU- 560 058. REP BY ITS PROPRIETOR, MR.T.DEVENDRA REDDY, S/O LATE T KODANDA REDDY (PROPRIETORSHIP CONCERN) …PETITIONER (BY SRI. RAMESH P KULKARNI, ADVOCATE) AND: KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD, NO.14/3A, 2ND FLOOR, CFC BUILDING, MAHARSHI ARAVINDA BHAVAN, OPP. RBI, NRUPATHUNGA ROAD, BENGALURU- 560 001, REP BY ITS CHIEF EXECUTIVE OFFICER AND CHIEF EXECUTIVE MEMBER. …RESPONDENT (BY SRI. H L PRADEEP KUMAR, ADVOCATE) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO DIRECT THE RESPONDENT TO PAY INTEREST AT 11.75 PERCENT P.A ON THE DEPOSIT AMOUNT COLLECTED BY THE RESPONDENT FROM 24.02.2016 TILL THE DATE OF PAYMENT TO THE PETITIONER. Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:41839 WP No. 12284 of 2023 THIS PETITION, COMING ON FOR PRELIMINARY HEARING IN B GROUP, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER In this petition, the grievance of the Petitioner is, to direct the Respondent - Karnataka Industrial Areas Development Board (KIADB) to pay interest on the deposit made by the Petitioner which was returned to the Petitioner as per the order dated 09.11.2022 in CCC No.820 of 2022. 2. In this regard, without expressing any opinion on the merits of the case, the Respondent-KIADB is directed to consider the legal notice dated 08.02.2023 (Annexure-F1) in accordance with law and also take into consideration the judgment of this Court in WP No.29943 of 2011 disposed of on 01.10.2012. However, it is made clear that the aforementioned exercise shall be conducted within an outer limit of eight weeks from the date of receipt of a copy of this order. It is also made clear that, this Court has not expressed any opinion on the merits of the case. - 3 - HC-KAR NC: 2025:KHC:41839 WP No. 12284 of 2023 Accordingly, the Writ Petition is disposed of in terms of the observation made above. SD/- (E.S.INDIRESH) JUDGE rs List No.: 1 Sl No.: 39