EASWARAN S., J -------------------------------------

W.P. (C) No.25997 of 2025 ------------------------------------

Dated this the 16^th day of December, 2025 JUDGMENT The petitioner entered into an agreement of sale with respondents 5 and 6. On 26.07.2024 agreed to purchase of property for 12,00,00,000/- (Rupees Twelve crores only). Pursuant to the agreement of sale, a total amount of Rs.11,67,05,500/- (Rupees Eleven crores sixty seven lakhs five thousand five hundred only) was paid to the respondents 5 and 6. In the meantime, on 16.08.2024, the District Collector, Thrissur being the Assistant Competent Authority under the Banning of Unregulated Deposit Schemes Act, 2019 (hereinafter called, ‘BUDS Act’, for short) issued an order of attachment in respect of the properties. This order of attachment was presumably issued based on the general order of the competent authority under the BUDS Act, ordering attachment of all movable and immovable properties held by Kannur Urban Nidhi Limited and their Directors as also its staff including the properties acquired in their name in view of the initiation of various proceedings under Section 409 and 420 read with Section 34 of the Indian Pena