- 1 - HC-KAR NC: 2025:KHC:51720 WP No. 6534 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF DECEMBER, 2025 BEFORE THE HON'BLE MR. JUSTICE E.S.INDIRESH WRIT PETITION NO. 6534 OF 2022 (GM-RES) BETWEEN: 1. MRS. SAPNA W/O LATE AGA JAN ASKER ALI AGED ABOUT 63 YEARS R/A NO.14A 5TH CROSS, 4TH MAIN BRINDAVAN EXTENSION IST STAGE MYSORE- 570 016 2. MR GAJENDRA S/O LATE AGA JAN ASKER ALI AGED ABOUT 31 YEARS R/A NO.14A 5TH CROSS, 4TH MAIN BRINDAVAN EXTENSION IST STAGE MYSORE- 570 016 …PETITIONERS (BY SMT.DEEPA.J., ADVOCATE) AND: 1. THE COMPETENT AUTHORITY FOR-IMA GROUP OF COMPANIES/REGIONAL COMMISSIONER (REV) BENGALURU DIVISION BENGALURU HAVING OFFICE AT 2ND FLOOR BMTC COMPLEX, K H RAOD SHANTH NAGAR BANGALORE- 560 027 Digitally signed by CHAYA S A Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2025:KHC:51720 WP No. 6534 of 2022 REPRESENTED BY ITS COMMISSIONER 2. I MONETARY ADVISORY A COMPANY REGISTERED UNDER THE PROVISIONS OF COMPANIES ACT, HAVING REGISTERED OFFICE AT NO.56/4, IST FLOOR NANDI BUILDING, HOSPITAL ROAD SHIVAJINAGAR BANGALORE- 560 001 REPRESENTED BY ITS MANAGING DIRECTOR …RESPONDENTS THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO-SET-ASIDE THE ORDER DTD 05.02.2021 PASSED BY THE XXI ADDL CITY CIVIL AND SESSIONS JUDGE AND PRL SPL JUDGE FOR CBI CASES BANGALORE (CCH-4) MISC.NO. 690/19, VIDE ANNX-M, PAGE NO.223 TO 234., 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 Heard learned counsel appearing for the parties. 2. The petitioners have an alternative remedy for filing an appeal under Section 16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004. - 3 - HC-KAR NC: 2025:KHC:51720 WP No. 6534 of 2022 3. In that view of the matter, reserving liberty to the petitioners to avail such remedy, the writ petition stands disposed of. The period spent by the petitioner before this Court be condoned under Section 14 of the Limitation Act. SD/- (E.S.INDIRESH) JUDGE HDK List No.: 1 Sl No.: 3