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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
E.S.INDIRESH
Sushila Sumant Sannakareppagol – Appellant
Versus
Government Of Karnataka, Rep. By Its Principal Secretary – Respondent
ORDER :
E.S.INDIRESH, J.
1. In these writ petitions, petitioners are assailing the endorsement issued by the respondent No.2, rejecting the claim applications filed by the petitioners, stating that the claim of the petitioners is not supported by proper verifiable proof as contemplated under Section 7 (2) of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (for short, hereinafter referred to as "KPIDFE Act') for having invested the money.
2. Heard Sri. Prabhugoud B. Tumbigi, learned counsel appearing for petitioners; Sri. Mahantesh Shettar, learned Additional Government Advocate appearing for the respondent No.1; and Sri. Veeresh R. Budihal, learned counsel appearing for the respondent No.2.
3. Sri. Prabhugoud B. Tumbigi, learned counsel appearing for petitioners submitted that the petitioners being depositors of their hard earned money under various Fixed Deposits and Recurring Deposits before the respondent- Societies, have been deceived by the respondent-Societies and in this regard, the respondent No.2 has been appointed to make an enquiry under the provisions of KPIDFE Act.
4. By referring to the Deposit receipts produced in the writ petitio
Claim rejections without justification violate due process; authorities must provide reasons and thoroughly verify supporting documents under the KPIDFE Act.
A competent authority must provide clear reasoning for rejecting claims and allow for resubmission of evidence under the KPIDFE Act.
The court upheld the attachment of properties under the KPIDFE Act, emphasizing the necessity to protect depositors' interests despite the appellants' claims of procedural impropriety and lack of com....
The Court affirmed the principle that administrative authorities must consider applications regarding rights under scrutiny before judicial intervention.
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