IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27^TH DAY OF OCTOBER, 2025 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL MISCELLANEOUS FIRST APPEAL NO.3055 OF 2022(RES)

C/W MISCELLANEOUS FIRST APPEAL NO.3403 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3605 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3606 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3607 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3608 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3609 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3610 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3611 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3612 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3640 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3642 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3645 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3646 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3648 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3650 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3652 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3654 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3656 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3657 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3658 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3659 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3660 OF 2022(RES), MISCELLANEOUS FIRST APPEAL NO.3661 OF 2022(RES), AND MISCELLANEOUS FIRST APPEAL NO.4307 OF 2022(RES)

IN MFA.NO.3055/2022:

BETWEEN:

MOHAMMED MANSOOR KHAN, S/O. LATE ABID ALI KHAN, AGED ABOUT 45 YEARS, R/AT NO. 9, PENT HOUSE, BYTHAL MARIYAM APARTMENTS, 5^TH FLOOR, PARK ROAD, TASKER TOWN, BANGALORE-560 001.

... APPELLANT (BY SRI. G. MOHAN KUMAR, ADVOCATE)

AND:

1 . THE COMPETENT AUTHORITY, FOR-I.M.A. GROUP OF COMPANIES/ REGIONAL COMMISSIONER- (REV), BENGALURU DIVISION, BENGALURU, 2^ND FLOOR, BMTC COMPLEX, K.H. ROAD, SHANTHI NAGAR, BENGALURU-560 027.

2 . I MONETARY ADVISORY, A COMPANY REGISTERED UNDER THE PROVISIONS OF THE COMPANIES ACT, REPRESENTED BY ITS MANAGING DIRECTOR, MOHAMED MANSOOR KHAN, NO.56/4, 1^ST FLOOR, NANDI BUILDING, HOSPITAL ROAD, SHIVAJI NAGAR, BENGALURU-560 001.

3. DIRECTORATE OF ENFORCEMENT, REPRESENTED BY DEPUTY DIRECTOR, 3^RD FLOOR, 'B' BLOCK, BMTC, SHANTINAGAR-TTMC, K.H. ROAD, SHANTHINAGAR, BENGALURU, KARNATAKA-560 027.

…RESPONDENTS (BY SRI. VEERESH R. BUDIHAL, ADVOCATE FOR R1, SRI. MADHUKAR DESHPANDE, ADVOCATE FOR R3, R2-SERVICE OF NOTICE IS DISPENSED WITH V.C.O DTD:10.07.2025)

THIS MFA IS FILED UNDER SECTION 16 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004, AGAINST THE ORDER DATED 07.03.2022 IN MISC.NO.688/2019 ON THE FILE OF THE XCI ADDITIONAL CITY CIVIL AND SESSIONS JUDGE AND SPECIAL JUDGE FOR KPIDFE CASES, BENGALURU (CCH-92), ALLOWING THE PETITION FILED UNDER SECTION 5(2) OF THE ACT-2004.

KPIDFE-

IN MFA.NO.3403/2022:

BETWEEN:

MOHAMMED MANSOOR KHAN, S/O. LATE ABID ALI KHAN, AGED ABOUT 45 YEARS, R/AT NO. 9, PENT HOUSE, BYTHAL MARIYAM APARTMENTS, 5^TH FLOOR, PARK ROAD, TASKER TOWN, BANGALORE-560 001.

... APPELLANT (BY SRI.G. MOHAN KUMAR, ADVOCATE)

AND:

1 . THE COMPETENT AUTHORITY, FOR-I.M.A. GROUP OF COMPANIES/ REGIONAL COMMISSIONER- (REV), BENGALURU DIVISION, BENGALURU, 2^ND FLOOR, BMTC COMPLEX, K.H. ROAD, SHANTHI NAGAR, BENGALURU-560 027.

2 . I MONETARY ADVISORY, A COMPANY REGISTERED UNDER THE PROVISIONS OF THE COMPANIES ACT, REPRESENTED BY ITS MANAGING DIRECTOR, MOHAMED MANSOOR KHAN, NO.56/4, 1^ST FLOOR, NANDI BUILDING, HOSPITAL ROAD, SHIVAJI NAGAR, BENGALURU-560 001.

3. DIRECTORATE OF ENFORCEMENT, REPRESENTED BY DEPUTY DIRECTOR, 3^RD FLOOR, 'B' BLOCK, BMTC, SHANTINAGAR-TTMC, K.H. ROAD, SHANTHINAGAR, BENGALURU, KARNATAKA-560 027.

…RESPONDENTS (BY SRI. VEERESH R. BUDIHAL, ADVOCATE FOR R1, SRI. MADHUKAR DESHPANDE, ADVOCATE FOR R3, R2-SERVICE OF NOTICE IS DISPENSED WITH V.C.O DTD:10.07.2025)

THIS MFA IS FILED UNDER SECTION 16 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004, AGAINST THE ORDER DATED 07.03.2022 IN MISC.NO.694/2019 ON THE FILE OF THE XCI ADDITIONAL CI