IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9^TH DAY OF MARCH, 2026 PRESENT THE HON'BLE MRS. JUSTICE ANU SIVARAMAN AND THE HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL MISCELLANEOUS FIRST APPEAL NO.2959 OF 2023 (KPIDFA)

BETWEEN:

SRI. N. SHIVAPRASAD S/O SRI. NANJAPPA, AGED ABOUT 59 YEARS, R/AT NO.415, 6^TH A MAIN, HRBR LAYOUT, BANASWADI, BENGALURU-560 043.

...APPELLANT (BY SRI.M.T.NANAIAH, SR. ADV. FOR SRI. SHIVAKUMAR V., ADV.)

AND:

1 . THE COMPETENT AUTHORITY FOR M/S. SHREE SHAKTHI CREDIT SOUHARDHA CO-OPERATIVE LTD., REPRESENTED BY ITS COMPETENT AUTHORITY, JOINT REGISTRAR OF CO-OPERATIVE SOCIETIES, 3^RD FLOOR, 'A' BLOCK, TTMC BUILDING, SHANTINAGAR, BENGALURU-560 027.

2 . M/S. SHREE SHAKTHI CREDIT SOUHARDHA CO-OPERAITVE LTD., NO.171/1, 6^TH CROSS, 8^TH MAIN ROAD, MALLESHWARAM, BENGALURU-560 003.

REPRESENTED BY ITS OFFICIAL LIQUIDATOR, SOUHARDHA SAHAKARI SOUDHA, NO.68, 1^ST FLOOR, BETWEEN 17^TH AND 18^TH CROSS, MARGOSA ROAD, MALLESHWARAM, BENGALURU-560 055.

...RESPONDENTS (BY SRI.VEERESH R. BUDIHAL, ADV. FOR R1;

SRI. A. DEVARAJA, ADV. FOR R2)

THIS MFA IS FILED UNDER SECTION 16 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004, AGAINST THE ORDER DATED