- 1 - HC-KAR NC: 2025:KHC:53700 WP No. 25404 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO. 25404 OF 2025 (GM-RES) BETWEEN: SRI ABDUL RAHIM S/O ABDUL RAHMAN AGED ABOUT 53 YEARS, PRIVATE TEACHER # 60, 4TH A CROSS, ILYAS NAGARA, KUMARASWAMY LAYOUT, J.P.NAGAR, BENGALURU - 560 078, KARNATAKA. …PETITIONER (BY SRI. SATISHKUMAR K, ADVOCATE) AND: THE COMPETENT AUTHORITY AND SPECIAL OFFICER IMA AND OTHER KPIDFE ACT CASES, 3RD FLOOR, PODIUM BLOCK, V.V.TOWER, DR.B.R.AMBEDKAR VEEDHI, BENGALURU - 560 001. …RESPONDENT (BY SRI.VEERESH R BUDIHAL, ADVOCATE) THIS WP IS FILED UNDER ARTICLES 226 & 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE NOTICE BEARING NO. SPLOCA/IMA/ENQ-1/08/2025-26 DATED 12.06.2025 ISSUED BY THE RESPONDENT-SPECIAL OFFICER AND COMPETENT AUTHORITY UNDER THE KARNATAKA Digitally signed by ARUNKUMAR M S Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:53700 WP No. 25404 of 2025 PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004, AS BEING ARBITRARY, ILLEGAL, AND IN VIOLATION OF THE PETITIONERS FUNDAMENTAL RIGHTS UNDER ARTICLES 14, 19 AND 21 OF THE CONSTITUTION OF INDIA. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER Heard the learned counsel appearing for the parties. 2. Having taken note of the submission made by Sri.Satishkumar.K., learned counsel appearing for the petitioner and Sri.Veeresh R Budihal, learned counsel appearing for the respondent as the grievance of the petitioner as to the action taken by the respondent in freezing the Bank account of the petitioner, I am of the view that there is no impediment for the petitioner to approach the competent authority with relevant particulars for redressal of their grievance. In the event, if the petitioner approach the competent authority, the - 3 - HC-KAR NC: 2025:KHC:53700 WP No. 25404 of 2025 competent authority shall take appropriate action, in the matter, in accordance with law. With this observation, reserving liberty to the petitioner to approach the competent authority, the writ petition stands disposed of. SD/- (E.S.INDIRESH) JUDGE DH List No.: 1 Sl No.: 6