- 1 - HC-KAR CNR: KAHC010212872024 NC: 2026:KHC:53744 WP No. 11433 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF SEPTEMBER, 2026 BEFORE THE HON'BLE MR. JUSTICE T.P.VIVEKANANDA WRIT PETITION NO. 11433 OF 2024 (GM-RES) BETWEEN: SMT TASNEEM W/O S K MUNAZIM, AGED ABOUT 48 YEARS, R/AT NO 8, 9TH CROSS, RASHAD NAGAR, DR APJ ABDUL KALAM GOVINDAPURA MAIN ROAD, ARABIC COLLAGE POST, BENGALURU - 560 0459 …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 Digitally signed by PAVITHRA B Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR CNR: KAHC010212872024 NC: 2026:KHC:53744 WP No. 11433 of 2024 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, BENGALURU - 560 043 REP BY ITS DIRECTOR MR NAJMUL HUSSAIN 4. MR NAJMUL HUSSAIN S/O LATE NISAR AHMED AGED ABOUT 36 YEARS, NO.1392, 4TH CROSS, OPP SHIFA NORTH SIDE HOSPITAL, GANDHI NAGAR, A.C. POST, K G HALLI, BENGALURU - 560 045 5. MRS. FARZANA BEGUM W/O SYED MAHEBOOB AGED ABOUT 42 YEARS, R/AT NO 46, 2ND MAIN ROAD, GANDHI NAGAR, A C POST, K G HALLI, BENGALURU - 560 045 …RESPONDENTS (BY SMT. YASHODHA, AGA FOR R1) THIS W.P. IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO QUASH THE IMPUGNED ORDER DTD. 24.05.2022 PASSED BY THE XCI ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, BENGALURU (CCH-92) IN MISC. NO.239/2022, ATTACHMENT MADE - 3 - HC-KAR CNR: KAHC010212872024 NC: 2026:KHC:53744 WP No. 11433 of 2024 ABSOLUTE IN RESPECT OF PETITIONER SCHEDULE PROPERTY AT ANNX-F IN RESPECT OF PETITIONERS ARE CONCERN. THIS PETITION, COMING ON FOR PRELIMINARY HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE T.P.VIVEKANANDA ORAL ORDER The order impugned in this writ petition is an order passed under Section 5(2) of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (for short, 'KPIDFE Act'), whereby the attachment order passed earlier has been made absolute in respect of the petitioner's scheduled properties. 2. Upon hearing the learned counsel for the petitioner it is noticed that the order passed under Section 5(2) of the Act by the competent authority is appealable under Section 16 of the KPIDFE Act. Therefore, the writ petition is not maintainable. 3. Accordingly, the writ petition is dismissed. 4. However, the petitioner is at liberty to avail the statutory remedy under Section 16 of the KPIDFE Act. - 4 - HC-KAR CNR: KAHC010212872024 NC: 2026:KHC:53744 WP No. 11433 of 2024 5. Pending IAs, if any, shall stand closed. Sd/- (T.P.VIVEKANANDA) JUDGE SMC List No.: 1 Sl No.: 20