2026 Supreme(Online)(Kar) 24099

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 28TH DAY OF APRIL, 2026

PRESENT

THE HON'BLE MR. VIBHU BAKHRU, CHIEF JUSTICE

AND

THE HON'BLE MR. JUSTICE C.M. POONACHA

WRIT APPEAL NO. 499 OF 2024 (GM-KIADB)

BETWEEN:

IDBI BANK LIMITED

A COMPANY INCORPORATED AND

REGISTERED UNDER THE COMPANIES

ACT, 1956 AND A BANKING COMPANY

WITHIN THE MEANING OF

SECTION 5(C) OF THE BANKING

REGULATION ACT 1949

AND HAVING ITS REGISTERED OFFICE AT

IDBI TOWER, WTC COMPLEX

CUFFEE PARADE, MUMBAI - 400 005

AND ITS ZONAL OFFICE AT

IDBI HOUSE, 58

MISSION ROAD, BENGALURU - 560 027

REPRESENTED BY ITS

AUTHORIZED SIGNATORY

MR. VENUGOPAL N

…APPELLANT

(BY SRI K G RAGHAVAN, SENIOR ADVOCATE FOR

SRI TEJAS S R, ADVOCATE)

AND:

KARNATAKA INDUSTRIAL AREAS

DEVELOPMENT BOARD

HAVING IT OFFICE AT 14/3,

2ND FLOOR, R.P BUILDING,

NRUPATHUNGA ROAD

BENGALURU-560 001

REPRESENTED BY ITS

CHIEF EXECUTIVE OFFICER AND

EXECUTIVE MEMBER

MR MAHESH M IAS

…RESPONDENT

(BY SRI K. SHASHI KIRAN SHETTY, ADVOCATE GENERAL/

SENIOR ADVOCATE FOR

SRI B.B. PATIL, ADVOCATE FOR C/R-1 &

SRI UDAYA HOLLA, SENIOR ADVOCATE FOR

SRI AJAY J NANDALIKE, FOR IMPLEADING APPLICANT

IN I.A. No.3/2024)