IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 10^TH DAY OF NOVEMBER, 2025

BEFORE

THE HON'BLE MR. JUSTICE E.S. INDIRESH

WRIT PETITION NO.20053 OF 2024 (GM-RES)

BETWEEN:

M/S HIGH RISE BUILDERS AND DEVELOPERS

A PARTNERSHIP FIRM,

(REGD. UNDER THE INDIAN PARTNERSHIP ACT)

REP. BY SRI. VENUGOPAL,

S/O JAVAREGOWDA,

AGED ABOUT 40 YEARS,

NO.57, GROUND FLOOR, ADHITHYA CIRCLE,

DATTAGALLI 3^RD STAGE,

CHAMARAJA MOHALLA,

MYSORE DISTRICT - 570 022.

…PETITIONER

(BY SRI. RAMAKRISHNA S. HEGDE, ADVOCATE)

AND:

1. STATE OF KARNATAKA DEPARTMENT OF REVENUE,

XHHQ + 798, SAMPANGI RAMA NAGAR,

AMBEDKAR VEEDHI,

Digitally signed by

ARUNKUMAR M S VIDHANA SOUDHA,

Location: H IGH BENGALURU - 560 001.

COURT OF

KARNATAKA REP. ITS PRINCIPAL SECRETARY.

2. THE ASSISTANT COMMISSIONER

MYSURU SUB-DIVISION

ROOM NO.10,

SUB-DIVISIONAL MAGISTRATE,

MYSURU - 570 005.

…RESPONDENTS

(BY SRI. MAHANTESH SHETTAR, AGA FOR R1; SRI. VEERESH BUDHIHAL, ADVOCATE FOR R2)

THIS WRIT PETITION IS FILED UNDER ARTICLES 226 AND 227 FO THE CONSTITUTION OF INDIA, PRAYING TO QUASH THE ORDER DATED 15^TH FEBRUARY, 2024 PASSED BY RESPONDENT NO.1 UNDER SECTION 3(2) OF KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004 ATTACHING THE PROPERTIES OF