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2025 Supreme(Online)(KAR) 8157

IN THE HIGH COURT OF KARNATAKA DHARWAD BENCH
J.M.KHAZI, J
YALLAPPA SHAM MANAGUTAKAR – Appellant
Versus
STATE OF KARNATAKA – Respondent


Advocates:
For the Appellants/Petitioners: SRI SHARAD M. PATIL, SRI. SRINAND A. PACHHAPURE
For the Respondents: SRI. PRAVEENA Y. DEVARMANI, SRI. RAMACHANDRA A. MALI, SRI. PRAVEENA Y. DEVAREDDIYAVARA

Table of Content
1. criminal proceedings initiated under buds act. (Para 1 , 2 , 3)
2. petitioners argue lack of material for prosecution. (Para 4 , 5 , 6 , 7)
3. details of complaint and allegations against accused. (Para 8 , 9)
4. respondents counter with argument about the law under buds. (Para 10 , 11)
5. petitioners claim of legal prohibition to maintain proceedings. (Para 12 , 13)
6. overview of provisions in the buds act. (Para 14 , 15 , 16 , 17)
7. definitions related to deposits and deposit schemes. (Para 18 , 19 , 20 , 21)
8. banning and regulatory framework for deposits. (Para 22 , 23 , 24 , 25)
9. punishments for contraventions of buds act. (Para 26 , 27 , 28 , 29)
10. legal consequences for deposit takers under buds. (Para 30 , 31 , 32 , 33)
11. cognizability of offences under buds. (Para 34 , 35 , 36 , 37)
12. information requirements for deposit takers. (Para 38 , 39 , 40)
13. investigation procedures related to buds. (Para 41 , 42 , 43 , 44)
14. jurisdiction and authority under buds act. (Para 45 , 46 , 47 , 48)
15. clarification on cognizance under buds. (Para 49 , 50)
16. distinction between types of deposit schemes under buds. (Para 51 , 52 , 53 , 54 , 55 , 56)
17. assessment of

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