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M/S. Gold Jewellers v. the Competent Authority

Karnataka HC21 Feb 2025MFA/6798/2024

Case brief

AI extract

What is this about?

Karnataka High Court division bench (Justices Anu Sivaraman and Vijaykumar A. Patil) closed M.F.A. No.6798/2024 (KPIDFA) on 21-02-2025. Appeal under S.16 of the Karnataka Protection of Interest of Depositors in Financial Establishments Act against order dated 05.09.2024 of the XCI Additional City Civil and Sessions Judge (CCH-92), Bangalore in Misc.No.131/2024; appellant's counsel stated there was no serious dispute regarding the attachment being made absolute over gold and other movable property; submission recorded and appeal closed without merits adjudication.

What the court decided

AI extract

M/S. Gold Jewellers Vs the Competent Authority — Karnataka HC (2025) — LawSathi Research

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1 - NC: 2025:KHC:7875-DB M.F.A. No.6798/2024

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21^ST DAY OF FEBRUARY, 2025 PRESENT

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THE HON'BLE MRS. JUSTICE ANU SIVARAMAN

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AND

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THE HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL MISCELLANEOUS FIRST APPEAL NO.6798/2024 (KPIDFA)

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BETWEEN:

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Digitally signed by ARSHIFA BAHAR KHANAM Location: HIGH COURT OF KARNATAKA

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M/S. GOLD JEWELLERS REP. BY SRI. GANESH SHETTY S/O LATE GOPAL SHETTY AGED ABOUT 54 YEARS R/AT MATHRUSHREE MOLAHALLI POST AND VILLAGE KUNDAPURA TALUK-576 222.

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(BY SRI. HARIPRASAD, ADV.,)

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…APPELLANT

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AND:

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THE COMPETENT AUTHORITY FOR GOLD JEWELLERS DOOR NO.43/B NANDIKESHWARA TOWERS/ENTERPRISES NEAR PARIJANTHA CIRCLE KUNDAPURA TALUK-576 201.

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M/S. GOLD JEWELLERS HAVING REGISTERED OFFICE AT DOOR NO. 43/B NANDIKESHWARA TOWERS/ENTERPRISES, NEAR PARIJATHA CIRCLE KUNDAPURA TALUK-576 201 …RESPONDENTS

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(BY SRI. VEERESH R. BUDIHAL, ADV., FOR R1)

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2 - NC: 2025:KHC:7875-DB M.F.A. No.6798/2024

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THIS MFA IS FILED U/S.16 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, PRAYING TO SET ASIDE THE ORDER DATED 05.09.2024 PASSED BY THE LEARNED XCI ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, (CCH-92) BANGALORE IN MISC.NO.131/2024 AND CONSEQUENTLY DISMISS THE PETITION FILED BY THE RESPONDENT NO.1. AWARD COSTS OF THE APPEAL & ETC.

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THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:

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CORAM: HON'BLE MRS. JUSTICE ANU SIVARAMAN and HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL

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ORAL JUDGMENT

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( PER: HON'BLE MR. JUSTICE VIJAYKUMAR A. PATIL )

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Heard learned counsel for the appellant as well as

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learned counsel for the respondents.