Authority: High Court of Karnataka at Bengaluru
Order Date: 21 September 2026
Case Overview
- Petitioners: 40 individual purchasers of sites in Survey No.45/3, Giddadakonenahalli Village, Yeshwanthpura Hobli, Bengaluru North Taluk.
- Respondents: Competent Authority for M/S. TGS Constructions Pvt. Ltd., and M/S. TGS Constructions Pvt. Ltd. represented by Managing Director Ms. Mandeep Kaur.
- The petition sought a writ of certiorari to quash the order dated 30 March 2023 (impugned order) passed by the Additional City Civil and Sessions Judge, Bengaluru (CCH‑92) in Misc. No.438/2020, which attached the petitioners’ properties under Section 5(2) of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004.
- Petitioners alleged they were not given notice or a hearing before the attachment and that the application under Section 5(2) was filed after an inordinate delay.
- A Division Bench of this Court in Asha N. v. Competent Authority had earlier set aside the same impugned order and remanded the matter to the Special Court for fresh consideration, noting disputed questions of fact and the need for notice.
Final Outcome
- The present writ petition is disposed; the High Court notes the impugned order has already been set aside by the Division Bench.
- The application under Section 5(2) remains pending before the Special Court; parties are directed to appear before the Special Court on 23 September 2026.
- All substantive issues are left open for determination by the Special Court; no further relief is granted by this Court.
Topics: Legal; Real Estate