- 1 - HC-KAR CNR: KAHC010212782024 NC: 2026:KHC:53340 WP No. 12611 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 25TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE B.PRAMOD WRIT PETITION NO.12611 OF 2024 (GM-RES) BETWEEN: MR. KASHIF S/O. C. RAHMATHULLA AGED ABOUT 40 YEARS R/AT NO.10, 3RD CROSS HUTCHINS ROAD BENGALURU-560 084 …PETITIONER (BY SRI MAHADEVAIAH K. B., ADVOCATE) AND: 1. THE STATE OF KARNATAKA REP. BY ITS CHIEF SECRETARY GOVERNMENT OF KARNATAKA VIDHANA SOUDHA BENGALURU-560 001 2. THE COMPETENT AUTHORITY FOR - M/S. AALA VENTURES LTD. DEPUTY COMMISSIONER (URBAN) BENGALURU, KANDAYA BHAVAN BENGALURU-560 009 3. M/S. AALA VENTURES LTD., REGISTERED UNDER THE COMPANIES ACT, 1955, HAVING ITS OFFICE AT NO.403 3RD FLOOR, 5TH CROSS, 5TH MAIN 1ST STAGE, 3RD BLOCK, H. B. R. LAYOUT KALYAN NAGAR POST Digitally signed by SHARADAVANI B Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010212782024 NC: 2026:KHC:53340 WP No. 12611 of 2024 BENGALURU-560 043 REP. BY ITS CHAIRMAN MR. NADIM AHMED 4. MR. NADIM AHMED S/O. LATE NISAR AHMED AGED ABOUT 41 YEARS NO.403, 3RD FLOOR 5TH CROSS, 5TH MAIN 1ST STAGE, 3RD BLOCK H.B.R. LAYOUT KALYAN NAGAR POST BENGALURU-560 043 …RESPONDENTS (BY SRI MANJUNATHA RAYAPPA, A.G.A. FOR R-1, SRI R. S. BUDIHAL, ADVOCATE FOR R-2) THIS WRIT PETITION IS FILED UNDER ARTICLES 226 & 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED ORDER DATED 25.11.2022 PASSED BY THE XCI ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, BENGALURU (CCH-92) IN MISC. NO.27/2022 ATTACHMENT MADE ABSOLUTE IN RESPECT OF PETITIONER SCHEDULE PROPERTY AT ANNEXURE-H1 IN RESPECT OF THE PETITIONER ARE CONCERNED. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B.PRAMOD - 3 - HC-KAR CNR: KAHC010212782024 NC: 2026:KHC:53340 WP No. 12611 of 2024 ORAL ORDER The present petition is filed calling in question the impugned order dated 25.11.2022 passed by learned XCI Additional City Civil and sessions Judge, Bengaluru (CCH- 92) in Misc. No.27/2022. 2. Heard Sri. Veeresh Budihal, learned counsel appearing for respondent No.2-competent authority. 3. Learned counsel appearing for second respondent-competent authority submits that against the impugned order, the petitioner has an alternative and efficacious statutory remedy under Section 16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004, which is not disputed by the learned counsel for the petitioner. Hence, the present writ petition cannot be entertained. Needless to mention the period spent in the present case, the petitioner would be entitled for calculating period of limitation. - 4 - HC-KAR CNR: KAHC010212782024 NC: 2026:KHC:53340 WP No. 12611 of 2024 Liberty is reserved to the petitioner to avail statutory remedy, if so advised. Hence, writ petition stands dismissed. Sd/- (B.PRAMOD) JUDGE BSV List No.: 1 Sl No.: 5