Authority: High Court of Karnataka, Bengaluru

Order Date: 8 February 2024

Case Overview

  • Appellant: Mr. Alla Bakash, resident of Bangalore, filed Miscellaneous First Appeal No. 5404 of 2023 under Section 16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act (KPIDFA) against Ambident Marketing Private Limited.
  • Respondent: Ambident Marketing Private Limited, registered office at No.9 A KHB Main Road, Kanakanagara, Bengaluru, represented by Managing Director Mr. Syed Fareed Ahmed.
  • The appeal challenged the order dated 30 June 2023 (Misc. No. 1359/2022) passed by the Additional City Civil and Sessions Judge, Special Judge for KPIDFE cases, which had allowed petitions filed under Section 5(2) of the KPIDFE Act, 2004.
  • The appellant was required to comply with office objections raised by the court and was granted six adjournments to do so.

Final Outcome

  • The appellant failed to appear in person or via video conference and did not satisfy the office objections despite the extensions.
  • The court found no justifiable reason to grant further time and dismissed the appeal for non‑compliance of office objections and non‑prosecution.

Topics: Depositor Protection, Court Order